Underwriting Jobs in Downers Grove, IL

An Underwriter in the insurance industry is responsible for assessing risk and eligibility of potential clients. They play a key role by examining insurance applications and determining whether to provide insurance, and under what terms. Insurance underwriters use software to help analyze information and make decisions. They are essentially the ones who decide if an insurance company should take on a potential policyholder and how much premium to charge for taking on risk. This decision is made based on the potential client's risk profile, which is evaluated using technical data and statistical models.

Important skills for an insurance Underwriter include analytical skills, decision-making abilities, attention to detail, and good judgment. They must be able to process complex information and make sound decisions. To increase their competency and credibility in the industry, Underwriters can pursue professional certifications such as Chartered Property Casualty Underwriter (CPCU), Associate in Commercial Underwriting (ACU), or Associate in Personal Insurance (API). Prior to becoming an underwriter, individuals may have roles such as Insurance Agent, Claims Adjuster, or Risk Analyst. These roles provide valuable exposure and experience in the field of insurance which can be helpful in understanding the fundamentals of risk evaluation.

1-15 of 219 Jobs
Liberty Mutual Insurance

Senior Underwriter, Inland Marine

assistant Knowledge Command of insurance finance and actuarial concepts Thorough knowledge of commercial insurance products, underwriting, risk selection, pricing and marketplaces, as well as regulatory...

Liberty Mutual Insurance

Senior Underwriter, Middle Markets Construction

Qualifications Intermediate-level knowledge of insurance products/coverage, underwriting, pricing, risk selection, market segments and marketplace; insurance finance and actuarial concepts; loss control...

Liberty Mutual Insurance

Executive Underwriter, Middle Market Technology

Qualifications Advanced-level knowledge of insurance products/coverage, underwriting, pricing, risk selection, market segments and marketplace; insurance finance and actuarial concepts; loss control...

Liberty Mutual Insurance

Executive Underwriter, Middle Market Life Sciences

property, general liability, products liability, clinical trials liability, errors & omissions (E&O), cyber, excess/umbrella, workers' compensation, auto, and multinational coverages....

Liberty Mutual Insurance

Senior Underwriting Manager, Middle Market Life Sciences

of 2 years of proven underwriting management experience is preferred CPCU or professional insurance designation preferred Proven track record of developing and underwriting profitable business Proven...

Liberty Mutual Insurance

Executive Underwriter, Loss Sensitive - Large Construction

Expert-level knowledge of insurance products/coverage, underwriting, pricing, risk selection, market segments and marketplace; insurance finance and actuarial concepts; loss control/risk engineering...

Liberty Mutual Insurance

Underwriting Officer, Multi-Buyer Trade Credit

Liberty Mutual Insurance Group offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, property, commercial automobile, general liability...

Underwriter Trainee, Trade Credit

  • Chicago, IL (20 miles from Downers Grove, IL)
  • 1 hour ago
  • Chicago, IL (20 miles from Downers Grove, IL)
  • 1 hour ago

Job Duties and Responsibilities: Provide underwriting support to the underwriters in the region - application processing and input, preparation of underwriting tools for new and renewal business and...

Wholesale Excess Casualty Underwriter - Navigators, a Brand of The Hartford

  • Chicago, IL (20 miles from Downers Grove, IL)
  • 13 hours ago
  • Chicago, IL (20 miles from Downers Grove, IL)
  • 13 hours ago

Qualifications: Bachelors Degree strongly preferred, or equivalent combination of education, training and experience 4+ years of wholesale E&S casualty underwriting experience; excess casualty underwriting...

Impact Finance - Affordable Housing Project Manager/Underwriter

  • Chicago, IL (20 miles from Downers Grove, IL)
  • 21 hours ago
  • Chicago, IL (20 miles from Downers Grove, IL)
  • 21 hours ago

Job Description Negotiates, structures, underwrites, and closes equity and debt investments that utilize Low-Income Housing Tax Credits (LIHTC) programs in market areas serviced by U.S....

Senior Underwriter, Garage

  • Chicago, IL (20 miles from Downers Grove, IL)
  • 22 hours ago
  • Chicago, IL (20 miles from Downers Grove, IL)
  • 22 hours ago

Minimum of five years underwriting experience with authority, preferably in excess and surplus lines Garage business. Previous insurance educational work, IIA and CPCU desirable....

Underwriter/Senior Underwriter II - Asset Based Finance

  • Chicago, IL (20 miles from Downers Grove, IL)
  • 22 hours ago
  • Chicago, IL (20 miles from Downers Grove, IL)
  • 22 hours ago

Required Qualifications: 4+ years experience credit, underwriting, and structuring of corporate lending transactions for the AB Underwriter 7+ years experience credit, underwriting, and structuring...

National Commercial Underwriter

  • Chicago, IL (20 miles from Downers Grove, IL)
  • 1 day ago
  • Chicago, IL (20 miles from Downers Grove, IL)
  • 1 day ago

Responsibilities Include, But Are Not Limited To Underwrite title insurance policy coverages for commercial real estate transactions....

AVP/VP Senior Commercial Underwriter

  • Downers Grove, IL
  • 1 day ago
  • Downers Grove, IL
  • 1 day ago

Position Overview The Senior Commercial Underwriter is responsible for analyzing customer financial information and underwriting commercial loans....

SBA Business Banking Underwriter IV

  • Rosemont, IL (14 miles from Downers Grove, IL)
  • 1 day ago
  • Rosemont, IL (14 miles from Downers Grove, IL)
  • 1 day ago

related field + 3-4 years leadership / management experience + Ability to underwrite credit exposures in excess of $4MM. + Previous authority to underwrite and decision credits without additional signers...

Remote Work

Demographic Data for Downers Grove, IL

Moving to Downers Grove, IL? Find some basic demographic data about Downers Grove, IL below.


Local
National
57,972
2,436
Medium

Underwriting Online Courses and Training Opportunities

iHireInsurance curates thousands of courses in order to recommend the best ones to help further your career. If you register for a course using the links on our site, we may receive a small commission.
AI for Loan Underwriting
Artificial Intelligence (AI) is transforming the financial landscape, particularly in loan underwriting, by enhancing efficiency, accuracy, and risk assessment. This course, AI for Loan...
Loan Processing: Underwriting
Underwriting is the fourth step in processing a loan. It's what happens behind the scenes once you submit your application. It's one of the most critical steps, because the underwriter makes the...
Insurance Underwriting Principles and Practices
Within the ever-evolving insurance landscape, the significance of underwriters has reached unprecedented heights. These professionals play a crucial role in evaluating risks, establishing policy...

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Salary for Underwriting Jobs in Downers Grove, IL

Estimated salary range based on data from US Bureau of Labor Statistics (BLS) and iHireInsurance research efforts.

Licensing / Certification

Required or preferred licenses and certifications for Underwriting positions.



Highest Education Level

Underwritings in Downers Grove, IL offer the following education background
Bachelor's Degree
49.7%
Master's Degree
14.7%
Associate's Degree
11.3%
High School or GED
9.8%
Vocational Degree or Certification
9.8%
Some College
2.3%
Doctorate Degree
2.1%
Some High School
0.3%

Average Work Experience
Here's a breakdown of the number of years' experience offered by Underwritings in Downers Grove, IL
None
40.0%
2-4 years
26.7%
1-2 years
20.0%
4-6 years
10.0%
6-8 years
3.3%


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