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Underwriter Jobs in Springfield, MA (NOW HIRING)

Archgroup

AVP, Academy Cohort Leader

Hartford, CT

Underwriting associates in the program will have a dotted line reporting structure to the Academy Cohort Leader. This is a unique opportunity to play a pivotal role in shaping the next generation of ...

Archgroup

AVP, Academy Cohort Leader

Hartford, CT · On-site

Underwriting associates in the program will have a dotted line reporting structure to the Academy Cohort Leader. This is a unique opportunity to play a pivotal role in shaping the next generation of ...

Munich Re

Head of Portfolio Underwriting

Hartford, CT · On-site +1

The Head of Underwriting will have underwriting binding authority via their letter of authority. Key Responsibilities Lead, develop, and retain a high-performing underwriting team through coaching ...

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Underwriter information

See Springfield, MA salary details

$32.4K

$78.6K

$139K

How much do underwriter jobs pay per year?

As of Sep 8, 2026, the average yearly pay for underwriter in Springfield, MA is $78,602.00, according to ZipRecruiter salary data. Most workers in this role earn between $60,800.00 and $86,700.00 per year, depending on experience, location, and employer.

What does an underwriter do?

An underwriter evaluates the risk of insuring a person, property, or company and decides whether to provide insurance or a loan, and at what terms. They analyze applications, review financial and background information, and use statistical data to determine the likelihood of a loss. Underwriters play a key role in banking, insurance, and mortgage industries, ensuring that risks are carefully assessed to protect their organization from potential losses.

What are the key skills and qualifications needed to thrive as an underwriter, and why are they important?

To thrive as an Underwriter, you need strong analytical skills, attention to detail, and a background in finance, business, or a related field, often supported by a bachelor's degree. Proficiency with underwriting software, risk assessment tools, and industry certifications such as CPCU or ARM is highly valued. Excellent decision-making, negotiation, and communication skills help underwriters effectively assess risk and interact with clients or agents. These skills are essential for accurately evaluating applications, minimizing financial risk, and supporting organizational profitability.

What are some common challenges faced by underwriters in balancing risk assessment and business goals?

Underwriters often face the challenge of thoroughly assessing risk while also supporting their company's business objectives, such as meeting production goals or maintaining client relationships. This requires a careful analysis of data, attention to detail, and effective communication with agents or brokers to clarify information and negotiate terms. Balancing these priorities can be demanding, but successful underwriters develop strong analytical skills and the ability to make judicious decisions under time constraints. Collaboration with other departments, such as claims and sales, is also key to ensuring both risk management and business targets are achieved.

What is the difference between Underwriter vs Actuary?

AspectUnderwriterActuary
Required CredentialsInsurance license, sometimes certifications like CPCUFellowship in SOA or CAS, actuarial exams
Work EnvironmentInsurance companies, underwriting departmentsConsulting firms, insurance companies, financial institutions
Industry UsageCommon in insurance, bankingPrimarily in insurance, pensions, finance
Job FocusAssessing risk for policy approvalAnalyzing statistical data to predict future risks

While both underwriters and actuaries work in the insurance industry assessing risk, underwriters focus on evaluating individual insurance applications and approving policies. Actuaries analyze large data sets to forecast future risks and set premium rates. Their roles complement each other but require different certifications and skill sets.

Do underwriters make a lot of money?

Underwriters typically earn a median annual salary that varies by industry and experience, with many earning between $60,000 and $100,000. Senior or specialized underwriters can earn higher salaries, especially with professional certifications and experience in fields like insurance or banking.

Do you need a degree to be an underwriter?

A degree is not always required to become an underwriter, but many employers prefer candidates with a bachelor's degree in fields like finance, business, or economics. Relevant skills such as analytical ability, attention to detail, and knowledge of insurance or lending practices are also important, and professional certifications can enhance job prospects.

Is it hard to get into underwriting?

Getting into underwriting can be competitive, as it often requires relevant education such as a degree in finance, economics, or related fields, along with strong analytical skills. Entry-level positions may be accessible with internships or certifications like the Chartered Property Casualty Underwriter (CPCU), but advancing in the field typically requires experience and industry knowledge.
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Infographic showing various Underwriter job openings in Springfield, MA as of August 2026, with employment types broken down into 89% Full Time, 8% Part Time, and 3% Contract. Highlights an 70% In-person, 14% Hybrid, and 16% Remote job distribution, with an average salary of $78,602 per year, or $37.8 per hour.

Senior Portfolio Underwriter - Remote Location or Hartford CT Office

Munich Re

Hartford, CT • On-site, Remote

$99K - $117K/yr

Full-time

Re-posted yesterday

Job description

The Senior Portfolio Underwriter at HSB holds the paramount responsibility for managing, monitoring, expanding, and optimizing the portfolio products for the company's largest and most critical client company relationships. This role is central to achieving profit and growth objectives and is a cornerstone of HSB's strategic initiative to foster business growth. It involves acting as a catalyst in the introduction of new products and managing the performance of existing client companies.

As a thought leader for clients, the Senior Portfolio Underwriter is tasked with devising innovative solutions by tapping into HSB's comprehensive resources, encompassing data, products, and services. The role demands a tactical deployment of HSB's capabilities to maximize and enhance client partnerships.

In collaboration with Product Managers and the Underwriting Lead, the Senior Portfolio Underwriter utilizes creative data analysis methods, such as diagnostic and predictive analytics, to gain a deep understanding and optimization of product performance. These analytical techniques are essential for developing targeted strategies for corrective actions, ensuring rate adequacy, precise price segmentation, and identifying emerging loss trends. This responsibility includes a thorough examination of claims, engineering reports, expenses, exposure data/profile shifts, pure premium trends, and third-party exposure data.

The Senior Portfolio Underwriter is also responsible for crafting and delivering compelling client presentations externally. These presentations are designed to effectively communicate financial results, data analyses, rate assessments, and evolving loss trends, positioning the Senior Portfolio Underwriter as the technical authority for both clients and the Client Integration Team.

With underwriting binding authority, the Senior Portfolio Underwriter independently makes crucial underwriting decisions that directly influence the financial outcomes of their assigned portfolio, thereby impacting the company's P&L.

Education and Experience:

  • Bachelors or equivalent work experience is required
  • 7+ years of P&C insurance/reinsurance experience
    • 5+ years in Underwriting preferred
  • Demonstrated understanding of commercial and personal lines insurance and reinsurance coverage, concepts, principles, exposures and processes to drive profitable results
  • Demonstrated ability to translate large data analysis into actionable decisions
  • Demonstrated understanding of rate development (pure premium), price segmentation & detecting leading loss trends
  • Past experience with responsibility for achieving profit and growth targets for a book a business.
  • Demonstrated experience with negotiation and conflict resolution
  • Exhibited ability to develop creative and unique solutions
  • HSB Product knowledge and Previous Experience and familiarity with HSB is desired

Knowledge and Skills:

  • Financial Statement (Business Finance) knowledge and analysis
  • General insurance/reinsurance industry knowledge
  • Presentation Skills
  • Strong interpersonal, written and verbal communication skills
  • Portfolio analysis
  • HSB Product knowledge
  • Organization and time management skills
  • Consultative and Strategic negotiation skills
  • Strong project management skills to manage multiple concurrent projects and issues.
  • PC skills (Excel, PowerPoint, Power BI, and Word)
  • Detail Oriented
  • Action oriented with strong analytical, Actuarial skills, Statistical analysis, innovation and persuasion skills to influence change
  • Naturally curious and inquisitive to identify issues and solve problems. Resourceful in order to research issues, assemble support, and recommend creative solutions to underwriting issues

At The Hartford Steam Boiler, a subsidiary of Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.   
We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

We are an equal opportunity employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.  The work environment characteristics, and any physical and mental requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee.  Other duties, responsibilities and activities may change or be assigned at any time with or without notice.

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