Don't Miss Out on the Perfect Commercial Underwriter job
Receive timely job alerts curated specifically for you, ensuring you never miss an opportunity to excel in your field.
No, I'm not interested
bell icon

Salary and Benefits

Commercial Underwriter
$55K-$68K / yr. (est.)
$56K
$61,849 / year
$68K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Commercial Underwriter

What does a Commercial Underwriter do?

We, commercial underwriters, process loan requests received from clients after analyzing and inspecting their financial documents, and researching credit opportunities for them. We determine the risk associated with the credit options and decide on the ways that will help to handle such risks. Also, we respond to the credit requests of clients and accept or reject the application. As commercial underwriters, we process the applications for financing. We also have to design the money borrowing policies, make payment schedules, and follow financial policies to ensure efficiency of the business.

Core tasks:

  • summarizing the applications and reporting them to senior management
  • training newly hired financial and underwriting staff
  • solving problems faced by the clients and responding to their queries

Insights

How Many Years of Experience Do Professionals Need Before Becoming Commercial Underwriter?
On average, people work 5-7 years in other positions prior to becoming a Commercial Underwriter.
avatar-of-creator
Commercial UnderwriterPhiladelphia, PA - 7 months ago
🤔 I wonder if this prolonged period in other positions is due to lack of adequate training programs for Commercial Underwriters.
avatar-of-creator
Commercial UnderwriterMiami, FL - 7 months ago
Who needs experience? Just give me a chance, and I'll show you what I'm capable of as a Commercial Underwriter!
How Long Do Commercial Underwriter Employees Typically Stay in Their Roles?
On average, Commercial Underwriters works in this position for 5+ years across multiple employers.
avatar-of-creator
Loan OfficerHouston, TX - 7 months ago
A commercial underwriter's role is crucial, but let's not underestimate the importance of us loan officers in making those final lending decisions. We are the front line!
avatar-of-creator
Insurance BrokerMiami, FL - 7 months ago
As an insurance broker, it's clear to me that commercial underwriters just follow guidelines. We are the ones customizing coverage and advocating for clients. Cheers to real expertise! 🥂
What Is the Job Hopper Score for Commercial Underwriter Employees?
Frequent job changes in Commercial Underwriter, indicating a willingness to change companies and roles more frequently.
avatar-of-creator
HR ManagerHouston, TX - 7 months ago
Hmm... I am concerned about job hoppers when it comes to hiring. Will they stick around long enough for us to get a return on our investment in their training?
avatar-of-creator
Project CoordinatorPhiladelphia, PA - 7 months ago
I completely agree as a project coordinator. Seeing frequent job changes can imply a lack of commitment to the projects they're working on, and it may disrupt the overall workflow.

Career path

Path to job

Discover a Commercial Underwriter's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Commercial Underwriter typically studied at.
Arizona State University-Tempe
Illinois State University

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Commercial Underwriter Employees?
Gender ratio in Commercial Underwriter position: 0.584080126515551 Male and 0.415919873484449 Female. Age ratio in Commercial Underwriter position: 16-20: 3%, 21-30: 69%, 31-40: 20%, 41-50: 6%, 51-60: 2%, 60+: 0%. Commercial Underwriter position is predominantly male (58.4%) with the largest age group being 21-30 years old, followed by 31-40 years old.
avatar-of-creator
Commercial UnderwriterSeattle, WA - 7 months ago
I'm part of the 21-30 age group in this field, but it's concerning to see such a lack of representation for older professionals. How can we promote diversity amongst all age groups? 🌍
avatar-of-creator
Commercial UnderwriterNew York City, NY - 7 months ago
As a male commercial underwriter, it's disappointing to see that there are still such few women in our profession. Let's work on creating more opportunities for them! 🤝

Workplaces

Who Are the Top Employers for Commercial Underwriter?
Top employers of Commercial Underwriter position: Chubb, Farmers Insurance, Liberty Mutual Insurance. People who work in Commercial Underwriter position most typically go on to work for the Chubb.
avatar-of-creator
Commercial UnderwriterChicago, IL - 7 months ago
Are we seriously arguing about the top employers? None of us are even good enough to get hired by any of them!
avatar-of-creator
Commercial UnderwriterSan Francisco, CA - 7 months ago
🙄 Chicago, quit being bitter. Just because you couldn't get into Chubb doesn't mean the rest of us can't appreciate them!
Chubb
Farmers Insurance
Liberty Mutual Insurance
What Industries Does Commercial Underwriter Typically Have Experience In?
Industry Background: The most typical industries of Commercial Underwriter: Finance & Insurance, Professional / Scientific / Technical, Real Estate / Rental / Leasing, Information Technology, Arts / Entertainment / Recreation. Commercial Underwriter employees most likely come from a Finance & Insurance industry background.
avatar-of-creator
Commercial UnderwriterHouston, TX - 7 months ago
I can't stand it how everyone keeps complaining! This job is challenging, and it requires immense knowledge and attention to detail! 🤯
avatar-of-creator
Commercial UnderwriterMiami, FL - 7 months ago
Y'all need to relax! This job is a piece of cake compared to others. I've been doing it for years and it's been smooth sailing. 🌴

Find your job as Commercial Underwriter

Discussion about Commercial Underwriter

Want to know more about Commercial Underwriter position?
Share your thoughts and ideas about Commercial Underwriter position with others in our community.
discussion icon
How balanced is the gender diversity among people working as a Commercial Underwriter?
avatar-of-creator
Liam Brown3 years ago
This is a well balanced profession, about half of the people are women.
What is the typical age of people who work as a Commercial Underwriter?
avatar-of-creator
Benjamin Gardner3 years ago
The typical age is 28 for a Commercial Underwriter.
Is a Commercial Underwriter considered to be a senior profession?
avatar-of-creator
Sophie Hayes3 years ago
You probably need around 6 years to work as a Commercial Underwriter
Which industries does a Commercial Underwriter typically work in?
avatar-of-creator
Sophie Hayes3 years ago
Most typically work in the Finance & Insurance industry.
Is a higher education needed as a Commercial Underwriter?
avatar-of-creator
Isabella Holmes3 years ago
Bachelor of Science degree is the typical for a Commercial Underwriter
As a Commercial Underwriter, which company should I definitely check out for jobs?
avatar-of-creator
Benjamin Gardner3 years ago
Working as a Commercial Underwriter it might be a good next step to work for Chubb, Farmers Insurance, Liberty Mutual Insurance, Nationwide and The Hartford
How many years do people work as a Commercial Underwriter before changing their role?
avatar-of-creator
Benjamin Gardner3 years ago
A Commercial Underwriter typically changes positions after more than 5 years.
How likely is it for people working as a Commercial Underwriter to switch companies still working as a Commercial Underwriter?
avatar-of-creator
Benjamin Gardner3 years ago
A Commercial Underwriter is likely to work for multiple companies as a Commercial Underwriter.
What work history do people usually have before becoming a Commercial Underwriter?
avatar-of-creator
Sophie Hayes3 years ago
Most people come from Underwriter, Commercial Lines Underwriter or Credit Analyst roles
What can be the next step in your career path from Commercial Underwriter?
avatar-of-creator
Isabella Holmes3 years ago
Consider the following: Underwriter, Commercial Lines Underwriter or Underwriting Manager
Don't Miss Out on the Perfect Commercial Underwriter job
Receive timely job alerts curated specifically for you, ensuring you never miss an opportunity to excel in your field.
No, I'm not interested
bell icon

Disclaimer

informationLENSA generates certain information provided on this website by compiling and analyzing publicly available data and data from employees/former employees. All company names are the registered trademarks of their original owners. The use of any trade name or trademark does not imply any association with the third-party company. None of the information provided is endorsed in any way by any of the companies mentioned. We do not guarantee the accuracy, currency, or suitability of this information (including regarding demographics or salary estimate) and you are responsible for how you use it. ALL INFORMATION IS PROVIDED “AS IS” AND “WITH ALL FAULTS”. We are not responsible for nor endorse third party content on our website. If you notice any inaccurate information or information you think is proprietary you can email us at [email protected]. See our Terms and Conditions and Community Guidelines for more information.