Manager, Underwriting Salary (United States)

A Manager, Underwriting earns an average salary of $83,704 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.
)
$56,293 - $120,633
(Median)
56K
71K
84K
100K
120K
MEDIAN: $83,703
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
$56,293 - $120,633  
   
Bonus
$970 - $19,929  
Profit Sharing
$970 - $15,304  
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).
)
$57,830 - $133,211  
PayScale
Country: United States | Currency: USD | Updated: 5 Aug 2014 | Individuals Reporting: 418
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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

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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

New York
up arrow 38%
San Francisco
up arrow 25%
Dallas
up arrow 17%
Chicago
up arrow 15%
Philadelphia
up arrow 9%
National Average
$89,000
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 11%
Experienced
up arrow 2%
National Average
$89,000
Mid-Career
up arrow 6%
Entry-Level
up arrow 26%

Skills That Affect Manager, Underwriting Salaries

Financial Analysis
up arrow 14%
People Management
up arrow 14%
up arrow 12%
National Average
$89,000
Mortgage Loans
up arrow 8%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 125 votes.

Gender

Female
51%
female alumni
 
Male
49%
male alumni

Years of Experience

1-4 years
4%
5-9 years
22%
10-19 years
36%
20 years or more
38%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 80%
vision benefits Vision: 66% employee benefits None: 9%
Find Out Exactly What You Should Be Paid
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