ZipRecruiter

Log In

1

Underwriting Associate Jobs in Silver Spring, MD

Volkswagen AG

Actuary & Underwriting Lead

Reston, VA · On-site

Role Summary The Actuary and Underwriting Lead plays a pivotal role in shaping the insurance ... Support development of themselves and other associates in an actuarial capacity and according to ...

Volkswagen AG

Actuary & Underwriting Lead

Reston, VA · Hybrid

Role Summary The Actuary and Underwriting Lead plays a pivotal role in shaping the insurance ... Support development of themselves and other associates in an actuarial capacity and according to ...

The Hartford

Captives Underwriter

Alexandria, VA · Hybrid

$124K - $199K/yr

You will have responsibility for underwriting workers compensation, general liability and ... Demonstrates excellent working relationships with all internal business associates leading to a ...

next page

Showing results 1-20

All JobsUnderwriting Associate JobsUnderwriting Associate Jobs in Silver Spring, MD

Underwriting Associate information

See Silver Spring, MD salary details

$9

$19

$32

How much do underwriting associate jobs pay per hour?

As of Jun 15, 2026, the average hourly pay for underwriting associate in Silver Spring, MD is $19.66, 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 are underwriting associates?

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.

Is underwriting a tough job?

Underwriting is a detail-oriented role that involves assessing risks and making decisions based on financial data, requiring strong analytical skills and attention to detail. The job can be demanding due to tight deadlines, the need for accuracy, and the responsibility of approving or denying applications, but it also offers opportunities for professional growth and specialization. Familiarity with industry regulations and tools like underwriting software is often necessary.

Do underwriters earn good money?

Underwriters typically earn a median salary that varies by industry and experience, with many earning competitive wages in the financial and insurance sectors. Entry-level underwriters may start with lower pay, but experienced professionals with specialized skills or certifications can earn higher salaries, often supplemented by bonuses or benefits.

Will AI replace underwriting?

AI is increasingly used in underwriting to automate data analysis and risk assessment, improving efficiency and consistency. However, human underwriters still play a vital role in complex decision-making, interpreting nuanced information, and applying judgment that AI cannot replicate fully.

What do underwriting associates do?

Underwriting associates evaluate insurance applications by analyzing risk factors, reviewing applicant information, and determining coverage eligibility and premium rates. They use tools like underwriting software and may collaborate with agents or underwriters to ensure accurate assessments and compliance with company policies.

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

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.
What are the most commonly searched types of Underwriting jobs in Silver Spring, MD? The most popular types of Underwriting jobs in Silver Spring, MD are:
What cities near Silver Spring, MD are hiring for Underwriting Associate jobs? Cities near Silver Spring, MD with the most Underwriting Associate job openings:
Underwriting Associate jobs near you
Infographic showing various Underwriting Associate job openings in Silver Spring, MD as of June 2026, with employment types broken down into 87% Full Time, and 13% Contract. Highlights an 62% In-person, 13% Hybrid, and 25% Remote job distribution, with an average salary of $40,885 per year, or $19.7 per hour.

Actuary & Underwriting Lead

Volkswagen AG

Reston, VA • On-site

Full-time

Posted 14 days ago

Job description

Volkswagen Financial Services, a wholly-owned subsidiary of Volkswagen Group, is the trusted key to mobility for its brand partners. We are committed to supporting the Audi, Ducati, and Volkswagen brands and their Dealers, specializing in providing accessible mobility solutions for its Customers. The company's offerings include Retail Leasing, Retail Financing, Commercial Financing for new and used vehicles, and End-of-Term vehicle disposition.
Brief Role Description
This position is Career Level 29P, located in Reston, VA, with a Role Classification of Hybrid.
Role Summary
The Actuary and Underwriting Lead plays a pivotal role in shaping the insurance portfolio through expert risk assessment, pricing strategy, and financial modeling. This position blends deep actuarial knowledge with hands-on underwriting leadership to ensure sound decision-making and profitability across insurance products. This role requires a strategic thinker with strong analytical skills, deep insurance knowledge, and the ability to lead cross-functional teams in a dynamic environment.
Budget Accountability (USD): Annual budget for which this role is directly responsible
  • Administrative budget (e.g. overhead, staffing)

N/A
  • Operational budget (e.g. vendors, systems etc.)

N/A
  • Capital

$680 Million
Role Responsibilities within this Role
Actuarial & Analytical Duties (60%):
  • Understand and provide effective challenge on Pricing and Reserve calculation for Auto Insurance products
  • Collaborate with Risk Management, Accounting and senior management in establishing adequate loss provisions for Insurance products
  • Engage with CFO, VP of Finance, Chief Risk Officer, Accounting, Risk Management, Brand executives and external auditors to gain acceptance on the loss and reserve forecasts. Provide technical and operational support to auditors to ensure successful audit close.
  • Lead enhancements and automation of data structure, integrity, validation, and reporting.
  • Extract and analyze data from data warehouse to enhance underwriting, pricing, reserves, and prediction of future issues and trends.
  • Provide all actuarial inputs for actual and forecast income recognition.
  • Update and report on actual experience compared to forecast and pricing. Recommend and drive actions to drive on-target results.
  • Support IFRS 17 reporting and analysis.

Underwriting Responsibilities (20%):
  • Develop and implement underwriting guidelines and procedures to ensure consistency and compliance.
  • Collaborate with Front-End Staff, Accounting, Sales, and others to influence acceptability criteria and product structure.
  • Ensure regulatory compliance with insurance laws and internal standards.

Leadership & Strategic Oversight (20%):
  • Lead and mentor analysts, providing training and performance feedback.
  • Set strategic direction for underwriting and risk management aligned with company goals.
  • Implement process improvements to enhance efficiency, accuracy, and turnaround times.

Qualification requirements
  • 10+ years minimum, with a strong background in actuarial science.
  • At least 5 years working as an actuary in an actuarial role in the Insurance industry.
  • Desired: 3 years working in Auto Insurance Industry with automobile property and/or breakdown exposures.

Required Education:
  • ACAS designation
  • Bachelor's Degree in a quantitative discipline: Statistics, Mathematics, Economics, Operations Research.

Desired Education:
  • Master's Degree in related field
  • Professional certifications such as CPCU, FCAS, or ASA
  • Experience with insurance underwriting and/or product management

Required Skills:
  • Support a robust pricing and/or reserving review process for insurance business, including both standard actuarial techniques and advanced modeling.
  • Proficiency in data analysis tools, underwriting software, and statistical packages.
  • Develop indications and communicate them to Actuarial Management and Senior Leadership.
  • Work collaboratively as a part of the broader Pricing and/or Reserving process.
  • Develop and communicate business analytics to Senior Leadership.
  • Foster innovation within the team and across the broader organization.
  • Support development of themselves and other associates in an actuarial capacity and according to VCI vision and mission statement.
  • Excellent Microsoft Excel and Powerpoint skills.
  • Lead and direct the work of others.
  • Ability to conduct large scale projects and research through all stages: concept formulation, definition of metrics, determination of appropriate methodology, research evaluation and final research report.
  • Specialized ability to communicate highly technical subjects to the senior executives and others who have limited background in mathematics or statistics.
  • Analytical and conceptual thinking - ability to understand business problems and develop data-driven solutions.

Desired Skills:
  • FCAS designation or actively pursuing.
  • Ability to build models using open-source software (e.g. R, Python), experience in distributed statistical computing preferred.
  • Strong experience extracting, cleaning, modeling, and visualizing data to generate actionable insights and predictive solutions.
  • Actuarial pricing and reserving experience.
  • Experience mentoring and/or directing junior team members.

Volkswagen Financial Services is an Equal Opportunity Employer. We welcome and encourage applicants from all backgrounds, and do not discriminate based on race, sex, age, disability, sexual orientation, national origin, religion, color, gender identity/expression, marital status, veteran status, or any other characteristics protected by applicable laws.
This role description is a guideline and does not create contractual rights between the Company and any of its applicants. The Company does not enter into any type of employment contract, implied or written, with its applicants regarding job security.
This Organization participates in E-Verify. We maintain a drug free workplace and perform pre-employment substance abuse testing.
Volkswagen Financial Services - The key to mobility
VW Credit, Inc., dba Volkswagen Financial Services (VWFS), was founded in 1981 as the captive financial services arm of Volkswagen Group of America, Inc. and is affiliated with Volkswagen of America, Inc., Audi of America, Inc. and Ducati North America, Inc. VWFS offers services to Volkswagen, Audi, Ducati customers, and authorized dealers as Volkswagen Financial Services, Volkswagen Credit, Audi Financial Services, and Ducati Financial Services. The company offers competitive financial products and services to customers and authorized dealers in the United States. VWFS is headquartered in Reston, VA.
VWFS is seeking individuals from diverse professional backgrounds who can bring fresh perspectives and ideas to help us drive forward in the ever-evolving financial and mobility services industry. As we continue to grow, we are excited to welcome talent from a variety of professional backgrounds to join our team. We believe in the power of diversity and inclusion, as it fuels creativity, fosters innovation, and strengthens our ability to serve our customers better. Are you a forward-thinker, a problem-solver, or an innovator? This is an opportunity to be part of a dynamic team that values diversity, creativity, and collaboration.
Learn more about us
LinkedIn | VWFS US
Privacy Policy
Data Privacy | VWFS US
Support
For more information contact: vwgroupcareers@vw.com
Job ID: 19231
Company: VW Credit, Inc.
Location:

Apply