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Underwriting Associate Jobs in Carol Stream, IL (NOW HIRING)

thg

Surety Underwriting Associate

Itasca, IL · On-site

$19 - $26/hr

Our Surety team is seeking an Underwriting Associate to join their growing team in Worcester, MA or Itasca, IL. This is a full time, non-exempt role. This is a hybrid opportunity (2x a week in office)

Prime Insurance Company

Be Seen First

Insurance Underwriting Associate

Chicago, IL · On-site

$45K - $250K/yr

It operates as a training program to learn the company's underwriting methodology and may provide an opportunity to become a full underwriter after a training period to be determined on a case-by ...

Robinhood

Senior Underwriting Associate

Chicago, IL · On-site

$149K - $175K/yr

Senior Underwriting Associate Join us in building the future of finance. Our mission is to democratize finance for all. An estimated $124 trillion of assets will be inherited by younger generations ...

Robinhood

Senior Underwriting Associate

Chicago, IL · On-site

$149K - $175K/yr

Robinhood is building out its firm-commitment underwriting capability to manage and co-manage IPOs and follow-on equity offerings, while continuing to operate an established distribution channel that ...

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Underwriting Associate information

See Carol Stream, IL salary details

$9

$19

$32

How much do underwriting associate jobs pay per hour?

As of Aug 17, 2026, the average hourly pay for underwriting associate in Carol Stream, IL is $19.67, according to ZipRecruiter salary data. Most workers in this role earn between $15.67 and $20.87 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.

Can I become an underwriting associate with no experience?

Underwriting associates typically need some knowledge of insurance policies, risk assessment, and data analysis, but entry-level positions may be available for candidates with strong analytical skills and a willingness to learn. Many employers provide on-the-job training, and relevant certifications or coursework can improve chances of starting in this role without prior experience.

Do underwriting associates earn good money?

Underwriting associates typically earn a competitive salary that varies based on experience, location, and industry. Entry-level positions may start with moderate pay, while experienced associates with specialized skills can earn higher wages, often supplemented by benefits and bonuses. Overall, it is considered a stable and well-paying role within the insurance and finance sectors.

What cities near Carol Stream, IL are hiring for Underwriting Associate jobs?

Cities near Carol Stream, IL with the most Underwriting Associate job openings:

Underwriting Associate jobs near you
Infographic showing various Underwriting Associate job openings in Carol Stream, IL as of August 2026, with employment types broken down into 1% As Needed, 69% Full Time, 27% Part Time, 1% Temporary, and 2% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $40,906 per year, or $19.7 per hour.

Surety Underwriting Associate

thg

Itasca, IL • On-site

$19 - $26/hr

Full-time

Re-posted 4 days ago

Job description

Our Surety team is seeking an Underwriting Associate to join their growing team in Worcester, MA or Itasca, IL. This is a full time, non-exempt role. This is a hybrid opportunity (2x a week in office). 

POSITION OVERVIEW: This position serves as an essential member of the Surety Underwriting Associate team by supporting various underwriting functions in partnership with assigned underwriters and/or territories. Underwriting Associates are responsible for supporting new business and renewal activities, policy servicing handling including processing transactions and partnering with other support areas like Billing, Premium Audit, Claims, Agency Licensing as well as responding to agent inquiries. Additionally, individuals in this role are responsible for following operational workflows and best practices while ensuring service levels are met and a positive customer experience is provided to internal and external partners. As needed, UAs may be tasked with cross-training peers. As applicable, UA may have designated level of UW authority.

IN THIS ROLE, YOU WILL: 

  • Support the underwriter in new business and renewal activities 
  • Account preparation: collection/analysis of data, ensuring complete file documentation, instruction, solicitation, etc.
  • Help to support the quoting and issuance cycle
  • Update work management system statuses throughout the cycle of the policy and monitors work in queue
  • Document all new and renewal accounts including the completion of underwriting tools and information from outside resources in accordance to Best Practice guidelines
  • Complete loss control ordering form at issuance and monthly report to advise underwriter of report availability 
  • Handle legal notice requests that must be sent at the direction of the Underwriter
  • Partner with Premium Audit and agency accounting as needed for audit transactions and overdue premium reconciliation
  • Consistently execute to all UA steps during new business and renewal issuance and subsequent transaction to achieve quality and service standards
  • Facilitate transfer of accounts to Process Support for issuance, provides detailed processing instructions and updates appropriate statuses
  • Use appropriate communication channels to refer or follow-up with the underwriter to ensure outstanding items are handled timely
  • Serve as primary service contact to ensure superior customer experience; presents solutions for rush new business, renewal and endorsement requests.
  • Respond to account inquiries such as accounting status and billing issues
  • Manage account information ensures accuracy of input into all appropriate systems
  • Demonstrate working knowledge of underwriting systems, workflows, procedures and compliance rules
  • Assist with cross-training support of UA teammates
  • Understand strategy, territory appetite and key agent partners in order to achieve growth and profitability goals
  • Cultivate strong business relationships (internal and external) by proactively communicating and conveying ownership and commitment

   WHAT YOU NEED TO APPLY:

  • Associate’s Degree or equivalent
  • 1-2+ years of Commercial Lines, Specialty, or Surety experience
  • Strong foundation is financial statements preferred
  • Fundamental underwriting, practices, procedures, workflows, systems & tools knowledge 
  • Robust functional knowledge of product offerings and solid business acumen
  • Strong analytical skills, organizational and time management skills
  • Strong attention to detail, prioritization, multitasking, and deadlines
  • Ability to work cross-functionally

Apply