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Underwriting Jobs in Minnesota (NOW HIRING)

United Fire Group

Underwriting Manager

Saint Paul, MN · On-site

$140K - $185K/yr

UFG is looking for an Underwriting Manager to join the team in the Great Lakes Region! In this role you will be responsible for leading a team of multi-line, multi-industry production underwriters to ...

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Underwriting information

See Minnesota salary details

$47K

$101K

$155.2K

How much do underwriting jobs pay per year?

As of Aug 23, 2026, the average yearly pay for underwriting in Minnesota is $100,960.00, according to ZipRecruiter salary data. Most workers in this role earn between $75,400.00 and $118,500.00 per year, depending on experience, location, and employer.

What is underwriting?

Underwriting is the process by which financial institutions, such as banks or insurance companies, assess the risk and eligibility of a potential client or transaction. Underwriters review applications for loans, insurance policies, or securities to determine if they meet the organization's guidelines and standards. They analyze information such as credit history, financial statements, and other risk factors to make informed decisions. The goal of underwriting is to ensure that the institution takes on acceptable levels of risk while providing financial products or services.

How does an underwriter typically collaborate with other departments within an organization?

Underwriters regularly interact with teams such as sales, risk assessment, and claims to ensure accurate evaluation of applications and adherence to company policies. They may consult with sales agents to clarify application details, work with risk analysts to assess complex cases, and communicate with claims departments to review historical claims data. This collaborative approach helps create balanced decisions that protect the company's interests while supporting client needs. Strong communication and teamwork skills are essential for underwriters to manage these cross-functional relationships effectively.

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

To thrive as an Underwriter, you need strong analytical skills, attention to detail, and a solid understanding of risk assessment, typically supported by a degree in finance, business, or a related field. Familiarity with underwriting software, risk modeling tools, and industry certifications such as CPCU or ARM is often required. Effective communication, sound judgment, and decision-making abilities are critical soft skills for collaborating with clients and colleagues. These competencies ensure accurate risk evaluation, contribute to profitable decision-making, and maintain the integrity of the underwriting process.

What is the difference between Underwriting vs Claims Adjuster?

AspectUnderwritingClaims Adjuster
Primary RoleAssessing risk and determining policy termsInvestigating and settling insurance claims
Required CredentialsInsurance licenses, sometimes certifications like CPCUInsurance licenses, sometimes adjuster certifications
Work EnvironmentOffice-based, analytical tasksFieldwork and office work, investigative
Industry UsageInsurance companies, underwriting firmsInsurance companies, third-party claims services

Underwriting and claims adjuster roles both operate within the insurance industry but focus on different stages. Underwriters evaluate risks before policies are issued, while claims adjusters handle claims after incidents occur. Both roles require insurance licenses and analytical skills, but their daily tasks and work environments differ significantly.

Do underwriters earn good money?

Underwriters typically earn competitive salaries that vary based on experience, industry, and location. Entry-level underwriters may start with lower pay, but experienced professionals with specialized skills or certifications can earn higher wages, often supplemented by bonuses and benefits.

Is underwriting a hard career?

Underwriting is a detail-oriented profession 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 with training and experience, it becomes more manageable. Success often depends on developing technical skills, understanding industry standards, and obtaining relevant certifications.

What does an underwriting job do?

An underwriting job involves evaluating and assessing the risk of insuring individuals or assets, such as in insurance or lending. Underwriters review applications, analyze financial and personal information, and determine approval, denial, or terms for coverage or loans, often using specialized software and adhering to company guidelines.

What underwriting gets paid the most?

Senior or specialized underwriters, such as those in complex or high-value insurance lines like reinsurance, tend to earn the highest salaries in underwriting. Experience, certifications, and industry sector also influence compensation, with those in leadership roles or working for large firms typically earning more.

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

The most popular types of Underwriting jobs in Minnesota are:

What cities in Minnesota are hiring for Underwriting jobs?

Cities in Minnesota with the most Underwriting job openings:

Underwriting jobs near you
Infographic showing various Underwriting job openings in Minnesota as of August 2026, with employment types broken down into 90% Full Time, 6% Part Time, 3% Contract, and 1% Nights. Highlights an 73% Physical, 9% Hybrid, and 18% Remote job distribution, with an average salary of $100,960 per year, or $48.5 per hour.

Underwriting Manager

United Fire & Casualty Company

Minneapolis, MN • On-site, Remote

$140K - $185K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 18 days ago

Job description

UFG is looking for an Underwriting Manager to join the team in the Great Lakes Region! In this role you will be responsible for leading a team of multi-line, multi-industry production underwriters to successfully attract and underwrite middle market business, deploy effective portfolio and account management, and foster agency partnerships. This role works to drive profitable growth, including new business, renewal retention, rate achievement, and exposure basis. This role is highly engaged in the market with key agency partners and leads the local middle market underwriting team in their territory.
While this is a fully remote opportunity, the ideal candidate should reside in the territory, with a preference for Minnesota or Wisconsin.
Responsibilities:
  • Maintain accountability for assigned territory, ensuring profitable growth and achievement of profit and premium plans for prescribed business unit strategies.
  • Lead a team of underwriters to profitably underwrite complex new and renewal business through risk selection, pricing, contractual integrity, and account management, in accordance with delegated authority, and ensuring regulatory compliance. Effectively coach and develop the team to execute underwriting technical discipline and established quality standards to:
    • Demonstrate critical thinking in assessing the risk and identifying exposures and controls.
    • Price risk commensurate with exposures and controls.
    • Set appropriate terms and conditions to deliver a profitable portfolio
    • Document assigned files with underwriting thought process.
    • Serve as a subject matter expert to assist team members with complex risks.
  • Through effective portfolio management skills, achieve profit and premium plans for prescribed business unit strategies.
  • Execution of business plans for achieving established operational plan targets for written premium, loss ratio, renewal retention, pricing, and expense management.
  • Achieve production goals within assigned territory, leading the team to:
    • Effectively conduct both in-person and virtual sales calls with agencies and insureds.
    • Prospect and develop a strong pipeline of new business opportunities.
    • Develop and maintain successful relationships with producers and agencies.
  • Collaborate with Business Unit and Line of Business underwriting, Sales and Distribution, Underwriting Center, Underwriting Support, Risk Control, Legal, Claims, and other internal partners to ensure optimal stakeholder management.
  • Exhibit and coach market-facing sales skills such as prospecting, marketing, pipelining, production meetings, developing deep relationships with producers and agencies, increasing UFG's relevance in the marketplace.
  • Represent UFG in the marketplace, articulating the company's capabilities in underwriting, risk control, and claims, across all business units at UFG

Qualifications:
Education, Designations, and Certifications:
  • Four year college degree preferred.
  • Completion of AU Designation, CIC and/or CPCU designations preferred.
  • Leadership/management certification or educational experience preferred.

Experience:
  • 7+ years commercial lines underwriting experience preferred.

Knowledge, skills & abilities:
  • Advanced risk evaluation and insurance contract knowledge.
  • Capability to execute current underwriting strategy for assigned territory to make effective underwriting decisions.
  • Ability to lead a team by utilizing skillset of collaboration, persuasion, vision, emotional intelligence, and talent development.
  • Demonstrated success cultivating and maintaining business relationships with key customers to support departmental goals and objectives.
  • Strong leadership skills to include ability to mentor, coach, and train.
  • Ability to work in a fast-paced environment while prioritizing and completing work efficiently and effectively.
  • Excellent customer service skills.
  • Effective stakeholder management skills to include the ability to establish high degree of trust with internal and external partners.
  • Analytical and problem-solving skills with an affinity for detailed accuracy.
  • Advanced communication and negotiation skills.
  • Strong time management skills with the ability to meet deadlines and effective dates.
  • Advanced knowledge of agency force and current market environment.
  • Excellent sales skills, with a proven track record of growing a profitable book of business.

Working Conditions:
  • General office conditions; remote, in-office, and hybrid options determined by manager.
  • Travel required as per assigned territory, including agency visits and marketing events, often co-traveling with underwriters and leadership.
  • Regular work duties may require work outside of business hours.
  • Driver's license and acceptable MVR required.

Pay Transparency Statement
UFG Insurance is committed to fair and equitable compensation practices. The base salary range for this position is $140,000 - $185,000 annually, which represents the typical range for new hires in this role. Individual pay within this range will be determined based on a variety of factors, including relevant experience, education, certifications, skills, internal equity, geography and market data.
In addition to base salary, UFG Insurance offers a comprehensive total rewards package that includes:
  • Annual incentive compensation
  • Medical, dental, vision & life insurance
  • Accident, critical Illness & short-term disability insurance
  • Retirement plans with employer contributions
  • Generous time-off program
  • Programs designed to support the employee well-being and financial security.

This pay range disclosure is provided in accordance with applicable state and local pay transparency laws.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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