Manager, Underwriting Salary (United States)

A Manager, Underwriting earns an average salary of $82,775 per year. Most people in this job have more than five years' experience in related jobs. The skills that increase pay for this job the most are People Management, Financial Analysis, and Insurance.
Manager, Underwriting Total Pay (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$54,908 - $119,769
(Median)
55K
70K
83K
100K
120K
MEDIAN: $82,775
10%
25%
50%
75%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$54,908 - $119,769  
   
Bonus
$981 - $19,948  
Profit Sharing
$979 - $15,101  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$56,154 - $132,799  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 424
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Location:
United States (change)
Years in Field/Career:
Job Description for Manager, Underwriting
An underwriting manager manages the process of ascertaining client eligibility; that is, they supervise the employees who work directly with clients to assess whether or not they are qualified to receive the company's product. The manager might also work directly with clients. Most often, underwriting refers to the business conducted by financial institutes such as banks, credit unions, and other lenders; underwriting is also common in the insurance and real estate industries. An underwriting manager typically has his or her own office and spends the day working directly with other employees and/or clients. They verify employment documents, perform background checks, assess eligibility and risks, and prepare paperwork. The underwriting manager is responsible for making eligibility decisions as well.
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Manager, Underwriting Tasks
  • Respond to requests from loan officers and underwriters, and serve as the technical expert on issues such as risk analysis, rate development, and general underwriting responsibilities.
  • Manage the profit, growth, and retention of assigned business segments, and develop and oversee account earning plans.
  • Establish key contacts and positive relationships with customers.
  • Recruit, manage, train, and evaluate the underwriting staff.
  • Assist in the development of agency objectives and budgets.
Common Career Paths for Manager, Underwriting

Manager, Underwriting Job Listings

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Pay by Experience Level for Manager, Underwriting
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Pay Difference By Location
San Francisco
up arrow 42%
New York
up arrow 40%
Dallas
up arrow 17%
Chicago
up arrow 16%
Los Angeles
up arrow 14%
Philadelphia
up arrow 10%
National Average
$88,000
Larger circles over a city indicate a job is popular in that location.
Related Job Salaries

Experience Affects Manager, Underwriting Salaries

Late-Career
up arrow 10%
Experienced
up arrow 3%
National Average
$88,000
Mid-Career
up arrow 5%
Entry-Level
up arrow 28%

Skills That Affect Manager, Underwriting Salaries

Financial Analysis
up arrow 15%
People Management
up arrow 15%
up arrow 13%
Loan Underwriting
up arrow 8%
Risk Management / Risk Control
up arrow 1%
National Average
$88,000
Mortgage Loans
up arrow 7%
Customer Relationship Management (CRM)
up arrow 11%
Job Satisfaction
Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 126 votes.
Gender
Female
52%
female alumni
 
Male
48%
male alumni
Years of Experience
1-4 years
4%
5-9 years
22%
10-19 years
37%
20 years or more
37%
Common Health Benefits
medical benefits Medical: 90% dental benefits Dental: 81%
vision benefits Vision: 66% employee benefits None: 9%
Find Out Exactly What You Should Be Paid
Job Title:
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Location:
United States (change)
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