Underwriter Visa Sponsorship Jobs in Illinois
Illinois is a major hub for underwriter roles, with employers across Chicago's financial district, insurance giants in the suburbs, and specialty lines firms statewide. Companies like Allstate, Zurich North America, and CNA Financial regularly hire underwriters and have established visa sponsorship infrastructure for qualified international candidates.
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Get Access To All JobsJOB DESCRIPTION:
This job is responsible for the delivery of integrated credit solutions to clients as well as on-going portfolio management. Key responsibilities include underwriting and negotiating new transactions, partnering with client-facing teammates to consult on sales opportunities, and providing the product expertise to deliver effective client solutions. Job expectations include providing on-going monitoring of client portfolios, ensuring accurate and timely analysis of financial statements, assignment of risk ratings, and required client reviews.
Evaluate and underwrite vendor program credit opportunities, including the identification and assessment of all strengths, weaknesses and risks (including operational) as well as identifying and describing mitigating factors. This includes underwriting both vendors and potential end-users/borrowers, including the review and written analysis of all factors that affect an entity’s ability to repay and/or service their obligations in a timely manner. The complexity of the entities and related transactions requiring analysis can vary over a wide spectrum of industries.
The Credit Underwriter II uses their skill set to assess the appropriateness of existing solutions and to propose optimal financing alternatives or additional financing solutions. They are involved in managing credit quality and the approval process through their interaction with Risk Management Officers, GVF Marketing Officers, Credit Products Managers, Leasing Administration and Legal. Individuals in this role must be able to interact effectively in a team environment as well as work independently with minimal guidance and direction. The ability to efficiently multi-task, respond to shifting priorities, and be decisive are important keys to success.
This job is responsible for supporting credit underwriting and monitoring for new and existing clients in partnership with a credit team. Key responsibilities include independently managing low-complexity transactions or portfolios, completing and reviewing credit analysis, evaluating risks, and writing financial analysis. Job expectations include leading the process, ensuring timely and accurate analysis, and coaching teammates on credit requirements.
Responsibilities:
- Manages the risk of a portfolio of assigned vendor programs, including the timely preparation of periodic program status reviews and annual program renewals.
- Evaluates new end-user credit opportunities including identification and assessment of risks and identifies mitigating factors.
- Partners with client-facing teammates to consult on sales opportunities and provide the product expertise and consultation necessary to deliver the best possible solution to the client.
- Underwrites new transactions, analyzes credit risk, negotiates and closes deals, while adhering to internal policy, procedures and regulatory requirements.
- Structures the terms of a lease/loan with respect to the various aspects that make up a lease/loan (e.g. pricing, rates, payment, term, collateral).
- Includes reviewing and analyzing financial statements, and assigning and confirming the accuracy of risk ratings.
SKILLS:
- Manages the risk of a portfolio of assigned vendor programs, including the timely preparation of periodic program status reviews and annual program renewals.
- Evaluates new end-user credit opportunities including identification and assessment of risks and identifies mitigating factors.
- Partners with client-facing teammates to consult on sales opportunities and provide the product expertise and consultation necessary to deliver the best possible solution to the client.
- Underwrites new transactions, analyzes credit risk, negotiates and closes deals, while adhering to internal policy, procedures and regulatory requirements.
- Structures the terms of a lease/loan with respect to the various aspects that make up a lease/loan (e.g. pricing, rates, payment, term, collateral).
- Includes reviewing and analyzing financial statements, and assigning and confirming the accuracy of risk ratings.
REQUIRED QUALIFICATIONS:
- 3+ years of commercial credit underwriting (Middle Market, Large Corporate, Leveraged Finance) and credit analysis experience.
- Must have effective presentation, structuring, financial statement and risk analysis skills.
DESIRED QUALIFICATIONS:
- Equipment leasing and finance experience.
SHIFT:
1st shift (United States of America)
HOURS PER WEEK:
40
JOB DESCRIPTION:
This job is responsible for the delivery of integrated credit solutions to clients as well as on-going portfolio management. Key responsibilities include underwriting and negotiating new transactions, partnering with client-facing teammates to consult on sales opportunities, and providing the product expertise to deliver effective client solutions. Job expectations include providing on-going monitoring of client portfolios, ensuring accurate and timely analysis of financial statements, assignment of risk ratings, and required client reviews.
Evaluate and underwrite vendor program credit opportunities, including the identification and assessment of all strengths, weaknesses and risks (including operational) as well as identifying and describing mitigating factors. This includes underwriting both vendors and potential end-users/borrowers, including the review and written analysis of all factors that affect an entity’s ability to repay and/or service their obligations in a timely manner. The complexity of the entities and related transactions requiring analysis can vary over a wide spectrum of industries.
The Credit Underwriter II uses their skill set to assess the appropriateness of existing solutions and to propose optimal financing alternatives or additional financing solutions. They are involved in managing credit quality and the approval process through their interaction with Risk Management Officers, GVF Marketing Officers, Credit Products Managers, Leasing Administration and Legal. Individuals in this role must be able to interact effectively in a team environment as well as work independently with minimal guidance and direction. The ability to efficiently multi-task, respond to shifting priorities, and be decisive are important keys to success.
This job is responsible for supporting credit underwriting and monitoring for new and existing clients in partnership with a credit team. Key responsibilities include independently managing low-complexity transactions or portfolios, completing and reviewing credit analysis, evaluating risks, and writing financial analysis. Job expectations include leading the process, ensuring timely and accurate analysis, and coaching teammates on credit requirements.
Responsibilities:
- Manages the risk of a portfolio of assigned vendor programs, including the timely preparation of periodic program status reviews and annual program renewals.
- Evaluates new end-user credit opportunities including identification and assessment of risks and identifies mitigating factors.
- Partners with client-facing teammates to consult on sales opportunities and provide the product expertise and consultation necessary to deliver the best possible solution to the client.
- Underwrites new transactions, analyzes credit risk, negotiates and closes deals, while adhering to internal policy, procedures and regulatory requirements.
- Structures the terms of a lease/loan with respect to the various aspects that make up a lease/loan (e.g. pricing, rates, payment, term, collateral).
- Includes reviewing and analyzing financial statements, and assigning and confirming the accuracy of risk ratings.
SKILLS:
- Manages the risk of a portfolio of assigned vendor programs, including the timely preparation of periodic program status reviews and annual program renewals.
- Evaluates new end-user credit opportunities including identification and assessment of risks and identifies mitigating factors.
- Partners with client-facing teammates to consult on sales opportunities and provide the product expertise and consultation necessary to deliver the best possible solution to the client.
- Underwrites new transactions, analyzes credit risk, negotiates and closes deals, while adhering to internal policy, procedures and regulatory requirements.
- Structures the terms of a lease/loan with respect to the various aspects that make up a lease/loan (e.g. pricing, rates, payment, term, collateral).
- Includes reviewing and analyzing financial statements, and assigning and confirming the accuracy of risk ratings.
REQUIRED QUALIFICATIONS:
- 3+ years of commercial credit underwriting (Middle Market, Large Corporate, Leveraged Finance) and credit analysis experience.
- Must have effective presentation, structuring, financial statement and risk analysis skills.
DESIRED QUALIFICATIONS:
- Equipment leasing and finance experience.
SHIFT:
1st shift (United States of America)
HOURS PER WEEK:
40
Underwriter Job Roles in Illinois
See all 37+ Underwriter Jobs in Illinois
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Search Underwriter Jobs in IllinoisUnderwriter Jobs in Illinois: Frequently Asked Questions
Which companies sponsor visas for underwriters in Illinois?
Several large insurance and financial services companies headquartered or with major operations in Illinois have sponsored visas for underwriter roles. Allstate and Zurich North America in Schaumburg, CNA Financial and Aon in Chicago, and Kemper Corporation are among the employers with documented H-1B visa sponsorship histories for underwriting positions. Larger carriers tend to have dedicated immigration support infrastructure, which makes the process more structured for candidates.
Which visa types are most common for underwriter roles in Illinois?
The H-1B is the most common visa for underwriter roles in Illinois, as the position typically qualifies as a specialty occupation requiring at least a bachelor's degree in finance, business, actuarial science, or a related field. Candidates from Canada or Mexico may also qualify under the TN visa using the Economist or Accountant category, depending on the specific role. Australian citizens should explore the E-3 visa as an H-1B alternative.
Which cities in Illinois have the most underwriter sponsorship jobs?
Chicago is the primary concentration point for underwriter roles with visa sponsorship in Illinois, particularly in the Loop and surrounding financial and insurance corridors. Schaumburg is a significant secondary market, home to Zurich North America and Allstate's corporate headquarters. Northbrook and Deerfield also have insurance employer presences. Candidates should focus job searches on the greater Chicagoland area, which accounts for the substantial majority of Illinois underwriting positions.
How to find underwriter visa sponsorship jobs in Illinois?
Migrate Mate is designed specifically for this search. You can filter by role and state to find underwriter positions in Illinois where employers have indicated visa sponsorship willingness. This is more targeted than a general job search because results are filtered for international candidates, saving time on applications to employers unlikely to sponsor. Migrate Mate also surfaces employers with prior H-1B sponsorship history in underwriting, which is a practical signal of sponsorship capability.
Are there any state-specific or role-specific considerations for underwriters seeking sponsorship in Illinois?
Illinois employers sponsoring H-1B workers for underwriter roles must pay the prevailing wage as determined by the Department of Labor for the Chicago-Naperville-Elgin metropolitan area, which reflects a high-cost major market. Underwriting specializations in commercial lines, reinsurance, and specialty risk tend to see stronger sponsorship activity than personal lines roles, as those positions more consistently require advanced technical qualifications. Candidates with actuarial credentials or quantitative backgrounds may find their profile more competitive with Illinois-based specialty insurers.
What is the prevailing wage for sponsored underwriter jobs in Illinois?
U.S. employers sponsoring a visa must pay at least the prevailing wage, which is what workers in the same role, area, and experience level typically earn. The Department of Labor sets this rate to make sure companies aren't hiring foreign workers simply because they'd accept lower pay than a U.S. worker. It varies by job title, location, and experience. You can look up current prevailing wage rates for any occupation and location using the OFLC Wage Search page.