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Underwriting Development Program Jobs in Chicago, IL

Underwriting Manager

Naperville, IL · Hybrid

$72K - $157K/yr

Manages the work activities, performance, and professional development of the underwriting ... programs; travel is required. * Makes recommendations on underwriting policy and pricing strategy ...

... setting generating, underwriting and analyzing accounts for development of new and renewal ... Eligible to participate in the annual discretionary bonus program. Benefits: Health, Dental, Vision ...

AVP, Underwriting Manager

Itasca, IL · On-site

$137K - $168K/hr

Lead, manage, and mentor the underwriting team responsible for assigned captive program(s ... Lead training and development opportunities to ensure the underwriting team is equipped with the ...

... setting generating, underwriting and analyzing accounts for development of new and renewal ... Eligible to participate in the annual discretionary bonus program. Benefits: Health, Dental, Vision ...

Lead, manage, and mentor the underwriting team responsible for assigned captive program(s ... Lead training and development opportunities to ensure the underwriting team is equipped with the ...

... setting generating, underwriting and analyzing accounts for development of new and renewal ... Eligible to participate in the annual discretionary bonus program. Benefits: Health, Dental, Vision ...

... Programs is to determine adherence to the AIG Underwriting Control Framework. This includes ... Working knowledge of the actuarial function (e.g. reserving, DAC accounting, development of ...

Computer skills - good working knowledge of MS Office, well developed spreadsheet skills * Able to ... Benefits are subject to change and may be subject to specific elections, plan, or program terms. If ...

Engage with product development teams to keep abreast of market dynamics and market cycle awareness ... This role may also be eligible to participate in a discretionary annual incentive program. Chubb ...

Assists in the technical development of underwriting associates, which may include monitoring ... programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility ...

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Showing results 1-20

Underwriting Development Program information

See Chicago, IL salary details

$33.5K

$81.3K

$143.7K

How much do underwriting development program jobs pay per year?

As of Jun 21, 2026, the average yearly pay for underwriting development program in Chicago, IL is $81,256.00, according to ZipRecruiter salary data. Most workers in this role earn between $62,800.00 and $89,600.00 per year, depending on experience, location, and employer.

What is the difference between Underwriting Development Program vs Underwriter?

AspectUnderwriting Development ProgramUnderwriter
CredentialsTypically requires a bachelor's degree, sometimes a relevant certificationRequires a bachelor's degree; certifications like CPCU are common
Work EnvironmentTraining-focused, rotational assignments, mentorshipOperational, decision-making, risk assessment
Industry UsageUsed for entry-level training programs in insurance companiesFull-time role responsible for evaluating insurance applications
Comparison IntentIntroductory training vs. full underwriting role

The Underwriting Development Program is designed to train and develop future underwriters through structured rotations and mentorship. In contrast, an Underwriter is a fully responsible professional who evaluates insurance applications independently. The program prepares candidates for a career as an underwriter, who then performs the core risk assessment and decision-making tasks within the insurance industry.

What is an Underwriting Development Program?

An Underwriting Development Program is a structured training initiative offered by insurance companies to help early-career professionals learn the fundamentals of underwriting. Participants gain hands-on experience evaluating risks, determining policy terms, and making pricing decisions under the guidance of experienced underwriters. The program typically includes classroom learning, mentorship, and real-world assignments across different business lines. Upon completion, graduates are often prepared to take on entry-level underwriting roles with greater responsibility and expertise.

What kind of training and mentorship can participants expect in an Underwriting Development Program?

Participants in an Underwriting Development Program typically receive a blend of classroom-based learning, on-the-job training, and mentorship from experienced underwriters. You can expect to rotate through different lines of business, attend workshops on risk assessment and policy analysis, and work closely with senior team members who provide guidance and feedback. Many programs also offer networking opportunities and regular performance reviews to support your professional growth. This structure helps new underwriters build a strong foundation and prepares them for increasing responsibilities within the organization.

What are the key skills and qualifications needed to thrive in an Underwriting Development Program, and why are they important?

To thrive in an Underwriting Development Program, you generally need a bachelor's degree (often in finance, business, or a related field), strong analytical abilities, and attention to detail. Familiarity with underwriting software, risk assessment tools, and Microsoft Excel is often required, and some programs may prefer candidates with industry certifications such as CPCU. Excellent communication, critical thinking, and teamwork skills help you collaborate effectively and explain complex decisions to clients and colleagues. These competencies ensure accurate risk evaluation, sound decision-making, and professional growth within the insurance industry.
What are popular job titles related to Underwriting Development Program jobs in Chicago, IL? For Underwriting Development Program jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Underwriting Development Program jobs in Chicago, IL look for? The top searched job categories for Underwriting Development Program jobs in Chicago, IL are:
Infographic showing various Underwriting Development Program job openings in Chicago, IL as of June 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $81,256 per year, or $39.1 per hour.
Commercial Underwriting Training Program Manager

Commercial Underwriting Training Program Manager

AIG

Chicago, IL • On-site

$105K - $126K/yr

Full-time

Posted 19 hours ago


AIG rating

8.4

Company rating: 8.4 out of 10

Based on 21 frontline employees who took The Breakroom Quiz

102nd of 261 rated insurance


Job description

Commercial Underwriting Training Program Manager

About the role:

The Program Manager, Commercial Underwriting Training, is responsible for managing a portfolio of learning initiatives that build core and future-ready underwriting skills across the organization. Reporting to the Global Head of Underwriting Technical Training, this role collaborates with stakeholders across functions and geographies to design, adapt, and implement scalable development solutions that align with enterprise underwriting priorities. This role requires strong project ownership, creativity in learning design, underwriting acumen and the ability to deliver experiences that drive real technical underwriting expertise.

There is no training component in this role - no prior facilitation skills required.

How you'll create an impact:

  • Manage multiple programs related to underwriting course design, structure and implementation.

  • Develop and implement learning tools in support of the rollout of new technical underwriting initiatives, systems and strategies.

  • Engage with corporate learning and development to align technical skills and professional skills with corporate underwriting strategies for comprehensive learning programs.

  • Engage with learning liaisons across multiple lines of business to help, direct and guide custom learning based on unique needs.

  • Partner with in-house and contract instructional designers to ensure effective and engaging learning assets are delivered.

  • Develop learner communications, guides, and engagement strategies to support program launches and adoption.

  • Collect and analyze feedback and data to improve content relevance, accessibility, and learner outcomes.

  • Ensure consistency and scalability across delivery formats and business audiences.

  • Stay current on learning trends and professional skills research to bring new ideas to the team.

What you'll need to succeed:

  • 5+ years of experience in learning and development program management, instructional design and facilitation.

  • Strong knowledge of adult learning principles to ensure learner engagement, drive behavior change, and reinforce application of skill in the workplace.

  • Program Management, Stakeholder Management and Growth Mindset (creative thinker, ownership and strong execution).

  • Experience working with or developing technical underwriting training skills.

  • Strong project management and execution skills, with the ability to juggle multiple priorities.

  • Excellent communication and stakeholder engagement skills.

  • Comfort working in a matrixed environment and adapting to direction while owning independent workstreams.

  • Familiarity with digital learning platforms.

  • Passion for helping employees grow and succeed through practical and accessible development.

  • Experience with course design, structure and delivery for technical underwriting learning.

  • Experience with AI Agents/Models highly valued.

  • Experience managing Early Career/Trainee Programs

  • Underwriting or Claims experience preferred.

For positions based in Illinois, the base salary range is $105,000-$126,000 and for positions based in NYC, the base salary range is $105,000-$125,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. A summary of benefits can be viewed here: US Benefits Overview

#LI-HB1

At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what's most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security-as well as your professional development-to bring peace of mind to you and your family.

Reimagining insurance to make a bigger difference to the world

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world's most far-reaching property casualty networks. It is an exciting time to join us - across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of inclusion

We're committed to creating a culture that truly respects and celebrates each other's talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG's greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com.

Functional Area:

OP - OperationsNational Union Fire Insurance Company of Pittsburgh, Pa.

What AIG employees say

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About AIG

Sourced by ZipRecruiter

American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.

Industry

Insurance services

Company size

10,000+ Employees

Headquarters location

New York, NY, US

Year founded

1919