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Underwriting Associate Jobs in Iowa (NOW HIRING)

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Underwriting Associate information

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How much do underwriting associate jobs pay per hour?

As of Aug 23, 2026, the average hourly pay for underwriting associate in Iowa is $17.86, according to ZipRecruiter salary data. Most workers in this role earn between $14.23 and $18.94 per hour, depending on experience, location, and employer.

What is an underwriting associate?

Underwriting associates are entry- to mid-level professionals who support underwriters in evaluating and processing insurance applications or loan requests. They assist in gathering and reviewing applicant information, assessing risk factors, and preparing documentation necessary for decision-making. Their work ensures that underwriters have accurate data to determine whether to approve or deny coverage or loans, and under what terms. Underwriting associates often interact with agents, clients, and other departments to facilitate a smooth underwriting process.

What are the key skills and qualifications needed to thrive as an underwriting associate?

To thrive as an Underwriting Associate, you need a strong understanding of risk assessment, analytical skills, and knowledge of insurance principles, often supported by a bachelor's degree in finance, business, or a related field. Familiarity with underwriting software, data analysis tools, and sometimes certifications such as CPCU or AU is highly valuable. Attention to detail, effective communication, and organizational skills help you excel in evaluating applications and collaborating with clients and colleagues. These skills ensure accurate risk evaluation, efficient workflow, and compliance with industry standards, leading to sound business decisions and customer satisfaction.

What are some common challenges underwriting associates face when balancing risk assessment with client expectations?

Underwriting Associates often need to carefully evaluate the risk profile of applicants while also considering the business objectives and maintaining positive relationships with clients or brokers. A common challenge is ensuring thorough risk analysis under tight deadlines, especially when clients expect quick decisions. Balancing the need for accuracy and compliance with internal policies, while also providing responsive service, requires strong organizational and communication skills. Collaborating closely with senior underwriters and other departments can help manage these challenges and ensure informed, fair decisions.

Is underwriting a hard career?

Underwriting is a detail-oriented role that requires strong analytical skills, attention to detail, and knowledge of insurance or financial products. It can be challenging due to the need to assess risk accurately and make decisions under pressure, but it also offers opportunities for professional growth and specialization.

Is underwriting an entry level position?

Underwriting associate positions are often entry-level roles that require basic knowledge of insurance or finance, strong analytical skills, and attention to detail. Many employers provide on-the-job training, and some roles may prefer candidates with a relevant degree or certification, such as the Chartered Insurance Professional (CIP).

What are the most commonly searched types of Underwriting jobs in Iowa?

The most popular types of Underwriting jobs in Iowa are:

What cities in Iowa are hiring for Underwriting Associate jobs?

Cities in Iowa with the most Underwriting Associate job openings:

Underwriting Associate jobs near you
Infographic showing various Underwriting Associate job openings in Iowa as of August 2026, with employment types broken down into 80% Full Time, and 20% Part Time. Highlights an 60% In-person, 20% Hybrid, and 20% Remote job distribution, with an average salary of $37,147 per year, or $17.9 per hour.

Commercial Underwriting Associate

Merchants Bonding Company

West Des Moines, IA • On-site

$18 - $24.50/hr

Full-time

Posted 9 days ago

Job description

Job Purpose:
The Commercial Underwriting Associate performs administrative and office support activities for Commercial Surety underwriters. This position assists in the process of writing new bonds and canceling or adjusting existing bonds. The Associate also interacts with independent insurance agents to provide client service.
Job Responsibilities:
Billing Processing
  • Enters new billings into the database.
  • Enters and/or orders new bonds.
  • Calculates premiums on bonds.
  • Sets up billing for bonds. Compiles all information associated with a bond, validates that the bond has been approved either by a line of credit or an underwriter, and processes billings daily.
  • As requested, may file Texas notary bonds.

Documentation and Underwriting Support
  • Processes cancellations of and termination changes on existing bonds; reinstates cancelled items.
  • Processes simple adjustments of existing bonds by rider, including increased and decreased bond amounts, date, general information, and address changes.
  • Processes items from the approval list.
  • Processes FCRA letters.
  • Indexes new tasks in the underwriting queue.
  • Prepares legal documents, including General Indemnity Agreement.
  • Sets up diaries.
  • Processes transfers and cancellations of the books of business for closed or delinquent agents.
  • Attends and participates in staff meetings as scheduled.
  • Supports underwriters on underwriting issues, documentation, compliance, and billing.

Agent and Client Service
  • Using an imaging workflow system, determines those items that need to be handled by an underwriter and forwards them to the appropriate queue for action.
  • Notifies agents of underwriting requests and assures that information is received on a timely basis.
  • Creates records on the Website for new accounts. Maintains Website information regarding approved requests, bond status, and premium adjustments.

Education and Experience: High School Diploma or equivalent plus 0-4 years of work experience in commercial bond underwriting and/or a commercial bond department.

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