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Underwriting Training Program Jobs in Indiana (NOW HIRING)

Merchants Bancorp

Underwriter - Multifamily

Carmel, IN · On-site

... programs preferred. * Thorough knowledge and understanding of bridge, conduit, CMBS and bank underwriting standards preferred. * Strong credit mindset with, ideally, experience in credit training.

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Underwriting Training Program information

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$32

How much do underwriting training program jobs pay per hour?

As of Jun 30, 2026, the average hourly pay for underwriting training program in Indiana is $21.19, according to ZipRecruiter salary data. Most workers in this role earn between $16.01 and $26.06 per hour, depending on experience, location, and employer.

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

To thrive in an Underwriting Training Program, candidates typically need a bachelor's degree in finance, business, economics, or a related field, along with strong analytical and mathematical skills. Familiarity with spreadsheet software, underwriting systems, and industry certifications such as the Chartered Property Casualty Underwriter (CPCU) can be advantageous. Attention to detail, critical thinking, and effective communication are important soft skills for collaborating with teams and analyzing risk. These abilities help ensure accurate risk assessments, efficient workflow, and a strong foundation for future underwriting responsibilities.

Will AI replace underwriting?

AI is increasingly used in underwriting to automate data analysis and risk assessment, but it is unlikely to fully replace underwriters. Human judgment remains essential for interpreting complex information, making nuanced decisions, and ensuring compliance. Underwriting training programs now include skills in AI tools to enhance decision-making rather than replace the role entirely.

How to get into underwriting with no experience?

Entering an underwriting training program with no experience typically involves demonstrating strong analytical skills, attention to detail, and a willingness to learn. Candidates often start by completing relevant coursework or certifications in insurance or finance, and gaining familiarity with underwriting software and industry standards can improve prospects. Entry-level roles or internships can also provide practical experience and a pathway into underwriting careers.

What is an Underwriting Training Program job?

An Underwriting Training Program is an entry-level position designed to train individuals in the fundamentals of risk assessment, policy evaluation, and decision-making within the insurance or financial industries. Trainees typically receive structured classroom instruction and hands-on experience working with senior underwriters. The program aims to develop analytical, communication, and decision-making skills necessary for assessing loan or insurance applications. Upon completion, participants often transition into underwriting roles with increased responsibilities.

What can I expect during my time in an Underwriting Training Program?

During an Underwriting Training Program, you can expect to participate in a combination of classroom instruction and hands-on learning, where you’ll be introduced to risk assessment methods, insurance products, and company-specific underwriting guidelines. You’ll often work closely with experienced underwriters, shadowing their activities, reviewing case studies, and gradually taking on more responsibility in evaluating applications. The program typically emphasizes teamwork, ongoing feedback, and regular progress evaluations to prepare you for a full underwriting role. This immersive experience is designed to build your technical knowledge, decision-making skills, and confidence in handling real-world underwriting challenges.

How to train to become an underwriter?

To train as an underwriter, individuals typically complete a bachelor's degree in finance, business, or a related field. On-the-job training and internships provide practical experience, while professional certifications like the Chartered Property Casualty Underwriter (CPCU) can enhance knowledge and career prospects. Developing skills in risk assessment, attention to detail, and familiarity with underwriting software are also important.

How much do trainee underwriters make?

Trainee underwriters typically earn between $40,000 and $55,000 annually, depending on the industry, location, and level of experience. As they complete training and gain skills in risk assessment and underwriting software, their salary can increase accordingly.
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Underwriting Training Program jobs near you
Infographic showing various Underwriting Training Program job openings in Indiana as of June 2026, with employment types broken down into 100% Full Time. Highlights an 83% In-person, and 17% Remote job distribution, with an average salary of $44,072 per year, or $21.2 per hour.

Underwriter - Risk Governance

Conveyance

Indianapolis, IN

Full-time

Posted 15 days ago

Be an early applicant

Job description

Supervisory Responsibilities: This individual will assist in training less experienced analysts on occasion and will organize department projects when necessary.

Job Summary: An Underwriter III will prepare written loan analyses for new and existing loans for commercial relationships ranging from $1,000,000 up to the institution's legal lending limit. He or she will also monitor existing loans through financial reviews and covenant testing. Underwriter III will be expected to have knowledge and experience with moderately complex commercial loans. His or her experience may be concentrated in CRE or C&I, but he or she should have significant experience with loan relationships larger than $5 million.

Essential Duties and Responsibilities:

Underwriters should display independent thought to present data, conclusions and recommendations taking into account the boundaries of regulations, policies, and guidelines.

Collect and analyze financial information about borrowers regarding income, assets, and debts to determine the level of credit that is appropriate for complex commercial loan relationships.

Prepare 10-50 page written presentations for new commercial loans and renewals. Presentations include identification of strengths and weaknesses, an appropriate risk grade and recommendation regarding the loan decision. Approval will come from the appropriate credit approval authority depending on the size of relationship.

Conduct reviews of covenant compliance and periodic financial statements identifying appropriate response from the institution.

Will need to interact with lenders (and customers on occasion) to evaluate credit worthiness of new customers and potential deterioration of existing borrowers.

Participation in meetings with commercial banking leadership regarding commercial loans.

Think independently to present data, conclusions and recommendations when there may not be a predefined policy or procedure.

Take ownership for the institution's commercial loan portfolio to prevent maturity delinquency, payment delinquency, collateral shortfalls, and/or loan charge-offs.

Knowledge, Skills, and Abilities:

Adept at time management to meet strict deadlines and respond to high urgency requests from Management and/or Loan Officers.

Ability to think critically and express conclusions in writing and verbally.

Aptitude for quantitative analysis working with numerous variables, spreadsheets with large amounts of data, identifying/summarizing patterns and trends.

Must be a quick study for new tasks, procedures, software/technology as well as conceptual philosophy behind a diverse set of tasks related to risk management of commercial loans.

Strong organizational skill sets.

Strong attention to detail.

Working knowledge of Microsoft Office and financial worksheets/spreadsheets.

Some travel required.

Job Specifications/Skill Requirements:

Must possess working knowledge of underwriting principles for moderately complex Commercial Real Estate Loans as well as some forms of specialty lending such as Land Acquisition and Development Lending, Contractor Lending, Hotel Lending, Senior Housing Lending, Municipal Lending, or Non-Profit Lending.

Bachelor's Degree with significant accomplishment in finance and accounting or commensurate experience and training in credit analysis for commercial loans.

Minimum of 5 years of commercial lending experience with an emphasis on credit and risk management.

Prior completion of formal credit training either through ABA, RMA, or formal internal bank training program.