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Underwriting Analyst Jobs in Indiana (NOW HIRING)

$89K - $105K/yr

The incumbent will analyze decisions without compromising overall underwriting policies and should have the ability to work independently and guide more junior colleagues. Position Responsibilities:

The Director Consumer Loan Underwriting will supervise the Consumer Loan Underwriting Team while ... Responsible for developing and delivering comprehensive portfolio reports that track and analyze ...

... of Underwriting, and the Loan Committee to structure, underwrite, and manage complex and high-value credit relationships. Responsibilities * Financial Analysis & Credit Assessment: Evaluate ...

Senior Underwriter

Fort Wayne, IN

$97K - $114K/yr

Must have a thorough understanding of Property and Casualty insurance rating systems, underwriting principles, practices, reinsurance concepts, and policy coverage forms. * Must be able to analyze ...

Senior Underwriter

Fort Wayne, IN · On-site

$97K - $114K/yr

Must have a thorough understanding of Property and Casualty insurance rating systems, underwriting principles, practices, reinsurance concepts, and policy coverage forms. * Must be able to analyze ...

Showing results 21-40

Underwriting Analyst information

See Indiana salary details

$34.3K

$64.3K

$107.1K

How much do underwriting analyst jobs pay per year?

As of Aug 9, 2026, the average yearly pay for underwriting analyst in Indiana is $64,303.00, according to ZipRecruiter salary data. Most workers in this role earn between $48,100.00 and $71,400.00 per year, depending on experience, location, and employer.

What is the difference between Underwriting Analyst vs Underwriter?

AspectUnderwriting AnalystUnderwriter
CredentialsBachelor's degree in finance, economics, or related field; certifications like CPCU or ARM are commonSimilar educational background; certifications like CPCU or ARM are also valued
Work EnvironmentAnalyzes data, assesses risk, prepares reports, often in an office settingReviews applications, makes risk decisions, may interact with clients and agents
Industry UsageCommonly used in insurance companies, financial institutionsWidely used in insurance underwriting departments

Both roles require similar educational backgrounds and certifications, and they often work within the same industry. The Underwriting Analyst primarily focuses on data analysis and risk assessment reports, while the Underwriter makes final risk decisions and interacts directly with clients. These roles are complementary within the insurance underwriting process.

Do underwriting analysts earn good money?

Underwriting analysts typically earn a competitive salary that varies based on experience, location, and industry. Entry-level positions may start lower, but with experience and relevant certifications, such as CPCU or ARM, salaries can increase significantly. Overall, it is considered a well-paying role within the finance and insurance sectors.

What does an underwriting analyst do?

An underwriting analyst evaluates insurance applications by assessing risks, reviewing applicant information, and determining appropriate coverage and premiums. They analyze data, use underwriting guidelines, and often work with specialized software to make informed decisions that balance risk and profitability.

How much do underwriting analysts make in the US?

Underwriting analysts in the US typically earn a median annual salary of around $65,000 to $75,000, with experienced professionals earning over $85,000. Salaries vary based on location, experience, and industry, and the role often requires strong analytical skills and knowledge of insurance or financial products.

Is it hard to get a job in underwriting?

Getting a job as an underwriting analyst can be competitive, often requiring 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 higher-level roles typically demand experience and specialized knowledge.

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

To thrive as an Underwriting Analyst, you need strong analytical abilities, attention to detail, and a background in finance, economics, or a related field, often supported by a relevant bachelor's degree. Familiarity with risk assessment tools, financial modeling software, and industry-specific underwriting platforms is typically required. Strong communication, problem-solving, and organizational skills help you explain decisions and manage multiple cases efficiently. These skills are crucial for accurately assessing risk, making informed recommendations, and ensuring sound financial decisions for the organization.

What are the typical challenges an underwriting analyst faces when assessing complex risks, and how are these addressed within a team setting?

Underwriting Analysts often encounter challenges when evaluating complex or unconventional risks that do not fit standard models. To address these, analysts collaborate closely with senior underwriters, actuaries, and sometimes legal teams to gather additional data, discuss perspectives, and ensure informed decisions. This teamwork not only supports accurate risk assessment but also provides learning opportunities for junior analysts to grow their expertise. Regular case reviews and training sessions are common, helping analysts stay updated on industry trends and best practices.
What are popular job titles related to Underwriting Analyst jobs in Indiana? For Underwriting Analyst jobs in Indiana, the most frequently searched job titles are:
What job categories do people searching Underwriting Analyst jobs in Indiana look for? The top searched job categories for Underwriting Analyst jobs in Indiana are:
What are popular job titles related to Underwriting Analyst jobs in IN? For Underwriting Analyst jobs in IN, the most frequently searched job titles are:
Infographic showing various Underwriting Analyst job openings in Indiana as of August 2026, with employment types broken down into 1% Internship, 84% Full Time, 8% Part Time, 1% Temporary, and 6% Contract. Highlights an 81% Physical, 7% Hybrid, and 12% Remote job distribution, with an average salary of $64,303 per year, or $30.9 per hour.

Nonprofit Human Services Underwriting Specialist

The Mutual Group

Indianapolis, IN

$99K - $140K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 11 days ago


Job description

Department:

Field Underwriting

Job Description:

As a Commercial Lines Insurance Nonprofit Human Services Underwriting Specialist, you will be responsible for growing and managing a book of commercial lines business, including responsibility for advising other underwriters and support staff on processes and procedures and consulting at the highest level of technical underwriting authority. You will be analyzing and assessing exposures and acceptable risks for our Nonprofit Human Service Organizations and Education Institutions to determine coverages and premium that are both adequate and competitive. As a Nonprofit Human Services Underwriting Specialist you will build successful relationships with agents to drive increased, positive business flow. You will work under limited supervision and exercises significant independent judgment in performing work. Accounts vary in size, but may include accounts up to $1,000,000 in written premium.

Work Arrangement:

  • Employees who live within 30 miles of the TMG home office are expected to follow a hybrid or in-office schedule. The initial training period may require additional inoffice days.

Accountabilities:

  • Delivers profitable outcomes and growing a portfolio of complex niche business through effective risk selection by:

    • Analyzing, selecting and profitably pricing business with prescriptive terms and conditions of coverage.

    • Examining inspection reports, location, risk, financial and other available tools and reports to identify new or unresolved concerns.

    • Communicating with Risk Control for inspections, follow ups and service needs for insureds.

    • Driving corrective action or remediation strategies on renewal accounts.

    • Underwrite renewals referred by the underwriting assistant as well as renewals over 35K working to achieve required rate changes goals as outlined by management. Discuss and issue nonrenewals as needed.

    • Escalating referrals, in a timely manner, on accounts that need additional review or approval by higher level underwriters.

    • Adhering to service expectations and regulatory compliance by the timely release of renewals, non-renewals and conditional notices.

  • Accountable for achieving key performance indicators of the portfolio including:

    • Developing and furthering successful relationships with distribution partners within the portfolio by:

      • Having regularly scheduled portfolio review calls.

      • Meeting service standards for quality and timeliness.

      • Limited travel to distribution partner offices.

    • Coordinating with distribution team to build pipeline, resolve issues, concerns or conflict and oversee change management.

    • Communicating regularly with portfolio team members on health of assigned agencies and market conditions that could impact the portfolio.

    • Develop and grow agency relationships through daily interactions and in person visits throughout the year; collaborate with the distribution team on cultivating agency relationships and new business opportunities.

  • Cultivate a High Performing Culture

    • Superior customer service and business acumen.

    • Mentoring support staff throughout their career development.

    • Conduct peer audits.

    • Assist in the training of new hires and internal promotions by providing continuous mentoring and feedback to foster successful employee development.

    • Reviewing, mentoring, and approving referrals for lower authority level associates.

    • Perform other related work as assigned.

Qualifications:

  • Bachelors Degree or equivalent work experience.

  • 5+ years underwriting all commercial lines (Commercial Property, General Liability, Professional Liability, Worker's Compensation, Crime, Commercial Auto, Umbrella, etc).

  • Prefer Nonprofit Human Services and Education underwriting experience.

  • Excellent communication skills both in writing and verbal

  • Ability to analyze and make decisions in a timely manner

  • Working to obtain or has already CPCU or other industry equivalent

Pay Range:

Anticipated Hiring Range:

  • $90,000 - $130,000 annual base salary depending on experience, qualifications, and geographic location

  • $99,000 - $140,000 annual base salary depending on experience, qualifications, and geographic location in CA, CT, MA, NJ, NY, and PA

Benefits:

We are proud to offer our full-time regular employees a robust benefits suite that includes:

  • Competitive base salary plus incentive plans for eligible team members

  • 401(K) retirement plan that includes a company match of up to 6% of your eligible salary

  • Free basic life and AD&D, long-term disability and short-term disability insurance

  • Medical, dental and vision plans to meet your unique healthcare needs

  • Wellness incentives

  • Generous time off program that includes personal, holiday and volunteer paid time off

  • Flexible work schedules and hybrid/remote options for eligible positions

  • Educational assistance

Equal Opportunity Employer

The Mutual Groupis an Equal Opportunity Employer. It is our policy to recruit, hire, train and promote individuals in all job classifications without regard to race, color, religion, sex, national origin, age, veteran status, disability, sexual orientation, gender identity or any other characteristic protected by law.

  • Know Your Rights: Workplace Discrimination is Illegal

  • Your Rights Under USERRA

Applicants requiring a reasonable accommodation due to a disability at any stage of the employment application process should contactTalent@themutualgroup.com.

Employment Verification

The Mutual Group participates in theE-Verifyprogram and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S. You are protected fromemployment discriminationbased on your citizenship status and national origin.

E-Verify Program Overview

E-Verify Participation Poster

All offers of employment are contingent upon the successful completion of a background check.

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