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Underwriting Jobs in Rochester, MN (NOW HIRING)

HomeServices Relocation

Insurance Producer

Rochester, MN · On-site

$24.03 - $28.84/hr

... underwriting requirements. Follow all company procedures and processing guidelines. (0-5%) * Ensure license remains current to include taking CEUs as needed in a timely manner. (0-5%) * Perform any ...

HomeServices Insurance

Insurance Producer

Rochester, MN · On-site

$24.03 - $28.84/hr

... underwriting requirements. Follow all company procedures and processing guidelines. (0-5%) * Ensure license remains current to include taking CEUs as needed in a timely manner. (0-5%) * Perform any ...

Edina Realty Home Services

Insurance Producer

Rochester, MN · On-site

$24.03 - $28.84/hr

... underwriting requirements. Follow all company procedures and processing guidelines. (0-5%) * Ensure license remains current to include taking CEUs as needed in a timely manner. (0-5%) * Perform any ...

Dunmor

Loan Originator

Rochester, MN · On-site +1

Partner with internal teams such as Processing, Underwriting, and Valuations to ensure smooth and timely loan processing. * Act as a liaison between clients and operations to overcome challenges and ...

Think Bank

Compliance Support Specialist

Rochester, MN · Hybrid

$37.71/hr

Conduct periodic quality control reviews, including quarterly loan reviews, to ensure proper underwriting and regulatory compliance * Support the administration of the bank's contract management ...

Think Bank

Compliance Support Specialist

Rochester, MN · Hybrid

$37.71/hr

Conduct periodic quality control reviews, including quarterly loan reviews, to ensure proper underwriting and regulatory compliance * Support the administration of the bank's contract management ...

Think Bank

Compliance Support Specialist

Rochester, MN · On-site

$37.71/hr

Conduct periodic quality control reviews, including quarterly loan reviews, to ensure proper underwriting and regulatory compliance * Support the administration of the bank's contract management ...

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Showing results 1-20

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 Jun 16, 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 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.

How do I become an underwriter with no experience?

To become an underwriter with no experience, focus on gaining relevant knowledge through courses in insurance, finance, or risk management, and develop strong analytical and communication skills. Entry-level positions may require a bachelor's degree and can be obtained by applying to trainee or assistant underwriter roles, where on-the-job training is provided.

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 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.

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 can earn higher wages and bonuses. Certification and advanced knowledge of underwriting software can also impact earning potential.

What jobs pay 500,000 a year in the US?

High-level underwriting roles, such as senior underwriters or specialized insurance underwriters, can reach or exceed $500,000 annually, especially with bonuses and profit-sharing. These positions typically require extensive experience, advanced certifications, and work in industries like reinsurance, commercial insurance, or specialty lines, often involving leadership responsibilities and complex risk assessment.

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 of coverage, often using specialized software and adhering to company policies.
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
Insurance Producer

Insurance Producer

HomeServices Relocation

Rochester, MN • On-site

$24.03 - $28.84/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 4 days ago

Job description

Step into a dynamic, client-focused role at HomeServices Insurance (HSI)-a trusted name under the HomeServices of America family-where your expertise in personal and commercial insurance becomes a powerful asset in protecting what matters most. As a key player on our high-performing team, you'll assess client risk, deliver customized coverage solutions, and drive results through proactive sales, relationship-building, and strategic insurance placement. HSI offers a highly competitive incentive plan directly tied to new business production-with unlimited earning potential-empowering you to take control of your success while growing your career within one of the nation's most respected real estate networks.
Job Duties and Responsibilities (Essential Job Functions)
  1. Market and sell personal lines insurance policies. Proactively contact all leads to recommend appropriate insurance, quote and place coverage. Identify and assess client risk exposures. (65-75%)
  2. Foster referral relationships with all real estate personnel including agents, office managers and mortgage brokers to maximize sales opportunities. (20-25%)
  3. Provide work direction as appropriate to new business specialists to ensure all aspects of client on-boarding are completed properly and in a timely manner. (0-5%)
  4. Actively monitor and report to management any circumstances that may lead to a potential or actual insurance errors and omissions claim, DOI (department of insurance) or related complaints. (0-5%)
  5. Remain current on industry trends and specific carrier underwriting requirements. Follow all company procedures and processing guidelines. (0-5%)
  6. Ensure license remains current to include taking CEUs as needed in a timely manner. (0-5%)
  7. Perform any additional responsibilities as requested or assigned. (0-5%)

Performance Expectations
  • Meet all performance and behavior expectations outlined in the company performance appraisal form or communicated by management.
  • Perform responsibilities as directed achieving desired results within expected time frames and with a high degree of quality and professionalism.
  • Establish and maintain positive and productive work relationships with all staff, customers and business partners.
  • Demonstrate the behavioral and technical competencies necessary to effectively complete job responsibilities. Take personal initiative for technical and professional development.
  • Follow the company HR Policy, the Code of Business Conduct and all subsidiary and department policies and procedures, including protecting confidential company information, attending work punctually and regularly, and following good safety practices in all activities.

Qualifications
Education:
  • Associate's degree or equivalent work experience and knowledge; bachelor's degree preferred.

Experience:
  • Two years' successful personal lines insurance sales experience.

Knowledge and Skills:
  • Excellent sales and marketing skills.
  • Working knowledge of insurance agency operations, coverages, rates, markets and applicable insurance laws/codes.
  • Working knowledge of risk assessment and risk management techniques.
  • Excellent analytical, problem-solving and decision-making skills.
  • Excellent oral, written and interpersonal skills.
  • Excellent automation, time management, and organizational skills.
  • Knowledge of real estate, title, and/or mortgage businesses preferred.
  • Appropriate state agent/broker personal lines insurance license.

Wage: $24.03 - $28.84 hourly; actual wage is based upon education and experience. Potential for formulary incentive plan, based on financial results.
Benefits: Full suite of benefits including Medical, Health Savings Account, Dental, Vision, Life Insurance, Paid Vacation (PTO), 401(k) with employer match, Flexible Spending Account, and Employee Assistance Program (EAP)
Equal Opportunity Employer
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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