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Underwriting Analyst Jobs (NOW HIRING)

KeyBank

Underwriting Analyst - FHA

Cleveland, OH · On-site

$69K - $105K/yr

Location: 127 Public Square, Cleveland Ohio The Analyst will be a member of the FHA Healthcare Underwriting Team and will collaborate internally and externally to analyze and underwrite FHA Lean ...

Keybank

Underwriting Analyst - FHA

Dallas, TX

$69K - $105K/yr

Location: 127 Public Square, Cleveland Ohio The Analyst will be a member of the FHA Healthcare Underwriting Team and will collaborate internally and externally to analyze and underwrite FHA Lean ...

Keybank

Underwriting Analyst - FHA

Cleveland, OH · On-site

$69K - $105K/yr

Location: 127 Public Square, Cleveland Ohio The Analyst will be a member of the FHA Healthcare Underwriting Team and will collaborate internally and externally to analyze and underwrite FHA Lean ...

KeyBank

Underwriting Analyst - FHA

Cleveland, OH · On-site

$69K - $105K/yr

Location: 127 Public Square, Cleveland Ohio The Analyst will be a member of the FHA Healthcare Underwriting Team and will collaborate internally and externally to analyze and underwrite FHA Lean ...

Keybank

Underwriting Analyst - FHA

Cleveland, OH

$69K - $105K/yr

Location: 127 Public Square, Cleveland Ohio The Analyst will be a member of the FHA Healthcare Underwriting Team and will collaborate internally and externally to analyze and underwrite FHA Lean ...

Walkerdunlop

HUD Underwriting Analyst

Bethesda, MD · Hybrid

$65K - $75K/yr

The Impact You Will Have As a HUD Underwriting Analyst, you will play a key role in supporting FHA loan transactions by coordinating documentation, ensuring compliance with HUD requirements ...

Walkerdunlop

HUD Underwriting Analyst

Towson, MD · Hybrid

$65K - $75K/yr

The Impact You Will Have As a HUD Underwriting Analyst, you will play a key role in supporting FHA loan transactions by coordinating documentation, ensuring compliance with HUD requirements ...

ORIX USA

Equity Underwriting, Analyst

Boston, MA · On-site

$70K - $80K/yr

The Equity Underwriting Analyst will support Originators and Equity Underwriters throughout the acquisition and closing processes with developers and investors in affordable housing LIHTC investment ...

Walkerdunlop

HUD Underwriting Analyst

Franklin, TN · Hybrid

$65K - $75K/yr

The Impact You Will Have As a HUD Underwriting Analyst, you will play a key role in supporting FHA loan transactions by coordinating documentation, ensuring compliance with HUD requirements ...

ORIX

Equity Underwriting, Analyst

Boston, MA · Hybrid

$70K - $80K/yr

The Equity Underwriting Analyst will support Originators and Equity Underwriters throughout the acquisition and closing processes with developers and investors in affordable housing LIHTC investment ...

Berkadia

Senior Underwriting Analyst

Chevy Chase, MD · On-site

$85K - $100K/yr

The Senior Underwriting Analyst is responsible for assisting Underwriters through all stages of the loan due diligence and underwriting process. The Senior Underwriting Analyst should be capable of ...

Berkadia

Senior Underwriting Analyst

Dallas, TX · On-site

The Senior Underwriting Analyst is responsible for assisting Underwriters through all stages of the loan due diligence and underwriting process. The Senior Underwriting Analyst should be capable of ...

Berkadia

Senior Underwriting Analyst

Brentwood, TN · On-site

The Senior Underwriting Analyst is responsible for assisting Underwriters through all stages of the loan due diligence and underwriting process. The Senior Underwriting Analyst should be capable of ...

Axos Bank

Commercial Underwriting Analyst I

San Diego, CA · On-site

$23 - $28/hr

About This Job The Commercial Underwriting Analyst I supports the team by analyzing commercial real estate lending opportunities and assisting in the underwriting process for bridge, construction ...

Axos Bank

Commercial Underwriting Analyst I

San Diego, CA · On-site

$23 - $28/hr

About This Job The Commercial Underwriting Analyst I supports the team by analyzing commercial real estate lending opportunities and assisting in the underwriting process for bridge, construction ...

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Underwriting Analyst information

See salary details

$36K

$67.6K

$112.5K

How much do underwriting analyst jobs pay per year?

As of Jul 23, 2026, the average yearly pay for underwriting analyst in the United States is $67,577.00, according to ZipRecruiter salary data. Most workers in this role earn between $50,500.00 and $75,000.00 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.

Is underwriting a high stress job?

Underwriting analysts often work in a fast-paced environment where accuracy and decision-making are critical, which can lead to high stress levels. The job involves evaluating risks, meeting deadlines, and managing large amounts of data, requiring strong attention to detail and time management skills.

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 use data analysis, financial analysis, and industry guidelines to make informed decisions, often working with underwriting software and maintaining detailed records.

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.

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.

Is underwriting an entry level position?

Underwriting analyst positions can be entry level, but many require some prior experience or related skills such as attention to detail, analytical ability, and knowledge of insurance or finance. Entry-level roles often involve training and supervision, while more advanced positions may require certifications or several years of experience.

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.
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Underwriting Analyst jobs near you
Infographic showing various Underwriting Analyst job openings in the United States as of July 2026, with employment types broken down into 66% Full Time, 4% Part Time, and 30% Contract. Highlights an 61% Physical, 5% Hybrid, and 34% Remote job distribution, with an average salary of $67,577 per year, or $32.5 per hour.
Underwriting Analyst - FHA

Underwriting Analyst - FHA

KeyBank

Cleveland, OH • On-site

$69K - $105K/yr

Full-time

Posted 10 days ago

KeyBank rating

8.4

Company rating: 8.4 out of 10

Based on 97 frontline employees who took The Breakroom Quiz

35th of 150 rated banks

Job description

Location:
127 Public Square, Cleveland Ohio
The Analyst will be a member of the FHA Healthcare Underwriting Team and will collaborate internally and externally to analyze and underwrite FHA Lean Applications.
ESSENTIAL JOB FUNCTIONS
The Analyst will provide high level qualitative and quantitative analysis of FHA Healthcare transactions. The position will collaborate and support the LEAN Underwriters, closers, and originators for the FHA Healthcare group within CMG. The Analyst will prepare deliverables in Excel, Word and Power Point for various purposes, including financial analysis, narrative summaries, corporate reviews, and organizational charts. The Financial Analyst will
  • Actively contribute your unique talents, ideas and market intelligence in support of the team's strategy and complement the strengths of your teammates to achieve the team's financial goal.
  • Pursue and develop internal and external relationships to facilitate effective real estate transactions and support the line of business strategy.
  • Consistently follow established process and procedures for underwriting real estate transactions to ensure an efficient, diligent and methodical process.
  • Work with underwriters, senior underwriters and originators to analyze deals and determine whether they appear financially feasible under HUD rules prior to formal client application submission.
  • Collect and organize exhibits for pre-application and firm application packages to submit for HUD/FHA review. Complete HUD forms for pre-application and application submissions.
  • Be the driver of transactions you analyze and process to ensure they are completed in a timely manner. Consistently identify and assess transaction risks and appropriately document in accordance with credit approval and elevate any issues which appear to be deviating from such to assist in properly managing portfolio risks.
  • Maintain a productive relationship with all partners characterized by collaborative approach and full and timely disclosure of transaction risks ensuring open communication among all team members.
  • Complete all compliance requirements related to each transaction to minimize risk.

MARGINAL OR PERIPHERAL FUNCTIONS
The Analyst will provide industry, market, business, and quantitative analysis support. This will include performing ad-hoc strategic and financial reporting. The Analyst is expected to have a continuous improvement mindset, and would be empowered to recommend efficiencies for change. The Analyst will work on special projects as assigned.
Please note: This is an on-site position and not eligible for remote or virtual work. The candidate will be required to work from a KeyBank office in Cleveland, OH, Columbus, OH, or Dallas, TX.
REQUIRED QUALIFICATIONS
  • Bachelor's degree required in finance, accounting, business administration, economics, or Real Estate.
  • 2+ years of experience in finance, accounting, real estate, investment banking or consulting including Real Estate Finance.
  • Demonstrated high proficiency in Excel and PowerPoint; experience with complex spreadsheets.
  • Strong quantitative and analytical skills and the ability to interpret financial data from multiple computer systems.
  • Ability to synthesize and analyze large amounts of data and communicate relevant findings.
  • Demonstrated analytical approach to problem solving with a high attention to detail.
  • Ability to work in a fast-paced environment with a sense of urgency.
  • Proactive and goal-oriented, with the ability to work independently.
  • Strong organizational skills - ability to handle multiple tasks simultaneously.
  • Consultative, service-oriented mindset.
  • Outstanding oral communication, written, and presentation skills.

PREFERRED QUALIFICATIONS
  • MBA
  • Proficiency in business intelligence tools a plus
  • Previous working experience in the commercial real estate permanent lending industry specific experience working with CMBS, Life Insurance lending programs, Fannie Mae DUS, Freddie Mac Program, FHA a plus.

EQUIPMENT USED
Standard office equipment (PC, copier, scanner, financial calculator)
COMPENSATION AND BENEFITS
This position is eligible to earn a base salary in the range of $69,000.00 - $105,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes eligibility for incentive compensation which may include production, commission, and/or discretionary incentives.
Please click here for a list of benefits for which this position is eligible.
Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.
Job Posting Expiration Date: 07/31/2026KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, pregnancy, disability, veteran status or any other characteristic protected by law.
Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.
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About KeyBank

Sourced by ZipRecruiter

Key is one of the nation's largest bank-based financial services companies. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

Cleveland, OH, US

Year founded

1849

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