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Underwriting Jobs in Rochester, MN (NOW HIRING)

InsuraTec

Sales Representative (Remote)

Rochester, MN · Remote

Underwriting Collaboration : Work closely with underwriting to facilitate smooth policy issuance. * Remote Flexibility : Enjoy the freedom to work from home on your schedule. * Work-Life Balance

Blaze Credit Union

Commercial Loan Officer 2

Rochester, MN · On-site

$91K - $100K/yr

Independently underwrite and recommend commercial credit requests, demonstrating strong credit judgment and risk assessment skills. * Identify, analyze, and communicate potential risks within new and ...

Merchants Bank

Mortgage Loan Processor I

Saint Charles, MN · On-site

$36K - $50K/yr

Interpret underwriting results and collect information required to clear contingencies for final approval. * Contact creditors for loan payoff figures for mortgage customers. * Review closing ...

Merchants Bank

Mortgage Loan Processor I

Rochester, MN · On-site

$40K - $55K/yr

Interpret underwriting results and collect information required to clear contingencies for final approval. * Contact creditors for loan payoff figures for mortgage customers. * Review closing ...

The Jernigan Agency

WORK FROM HOME

Rochester, MN · On-site +1

$300 - $500/wk

See the application through the underwriting process and get our clients covered. Requirements for Sales Position: * Must be licensed in life products or willing to get licensed. * Must have a ...

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All JobsUnderwriting JobsUnderwriting Jobs in Rochester, MN

Underwriting information

See Rochester, MN salary details

$48.8K

$104.8K

$161.1K

How much do underwriting jobs pay per year?

As of Aug 23, 2026, the average yearly pay for underwriting in Rochester, MN is $104,783.00, according to ZipRecruiter salary data. Most workers in this role earn between $78,300.00 and $123,000.00 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 Rochester, MN?

The most popular types of Underwriting jobs in Rochester, MN are:

What cities near Rochester, MN are hiring for Underwriting jobs?

Cities near Rochester, MN with the most Underwriting job openings:

Underwriting jobs near you
Infographic showing various Underwriting job openings in Rochester, MN as of August 2026, with employment types broken down into 87% Full Time, 11% Part Time, and 2% Contract. Highlights an 72% Physical, 9% Hybrid, and 19% Remote job distribution, with an average salary of $104,783 per year, or $50.4 per hour.

Loan Originator - (Central Region - MN, IA, ND)

Wintrust

Rochester, MN • On-site

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 11 days ago

Wintrust rating

8.0

Company rating: 8.0 out of 10

Based on 20 frontline employees who took The Breakroom Quiz

71st of 171 rated banks

Job description

Wintrust Mortgage was founded in 1981 to help customers achieve the American dream of homeownership and has since successfully navigated the ever-changing real estate market. As a full-service, federally chartered lender with offices located across the country, we're dedicated to providing customers with a wide range of mortgage products and have the capability to lend in all 50 states. To complement the basic conventional, FHA, and VA loan programs, we are uniquely positioned to meet the needs of the continually evolving market. Wintrust Mortgage is part of Wintrust, a financial services company with more than $66 billion in assets.

Why join us?

  • An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 9 years) and Employee Recommended award by the Globe & Mail (past 6 years)

  • Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few

  • Family-friendly work hours

  • With 175+ community bank locations, we offer opportunities to grow and develop in your career

  • Promote from within culture

Why join this team?

  • We have a culture that encourages an entrepreneurial spirit

  • We offer multiple opportunities for development and upward mobility

Essential Duties and Responsibilities:

  • The Loan Originator assembles and reviews a new application and matches the applicant with a mortgage program. The file is handled by the Mortgage Originator until it is time to request loan documents and closing is scheduled. By turning in the file at this point, the Loan Originator is able to go out and generate new business.

  • The Loan Originator assists the borrower in determining the proper loan program, completing the loan application, and gathering the required supporting documentation to begin the loan process.

  • Conducts preliminary underwriting reviews.

  • Remains front-line contact with the borrowers.

  • A credit report is obtained and analyzed by the Loan Originator.

  • The Loan Originator is heavily involved with the client during the application and closing process.

  • Develops referral relationships with realtors, builders, bankers, and other sources in order to proactively solicit new business.

Qualifications:

  • Minimum two years of mortgage loan origination experience

  • Thorough knowledge of pricing and underwriting requirements of various mortgage products and programs.

  • Knowledge of residential mortgage processing, underwriting, and closing procedures.

  • Thorough knowledge of federal lending regulations governing real estate lending, such as Truth-in-Lending, RESPA, and others.

  • Ability to analyze financial information.

  • Excellent interpersonal and communication skills are required.

  • A pleasant and professional demeanor is essential.

  • Work requires sound judgment and diplomacy.

  • Outlook proficiency required.

  • Requires National Mortgage Licensing System (NMLS) registration under the terms of the S.A.F.E Act of 2008

  • Ability to travel

Benefits:

Medical Insurance Dental Vision Life insurance Accidental death and dismemberment Short-term and long term Disability Insurance Parental Leave Employee Assistance Program (EAP) Traditional and Roth 401(k) with company match Flexible Spending Account (FSA) Employee Stock Purchase Plan at 5% discount Critical Illness Insurance Accident Insurance Transportation and Commuting Benefits Banking Benefits Pet Insurance

Compensation:

The minimum estimatedhourly ratefor this role is $11.50, along with eligibility to earn monthly commissions. Actualpayrate may vary based on several factors, such as a candidate's location, qualifications, skills, and experience.

From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.

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