Vice President (VP), Underwriting Salary

Average pay for a VP of Underwriting in the United States is considerable, rounding six figures at $117K per year. Women VPs of Underwriting who took the survey just slightly outnumber men. Women are just slightly outnumbered, with male VPs of Underwriting making up 50 percent of survey respondents. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Most VPs of Underwriting like their work and job satisfaction is high. Participants in PayScale's salary questionnaire provided the particulars of this report.

$77,279 - $153,690
$77K
$110K
$150K
MEDIAN: $114,309
10%
50%
90%

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$0$179K
Salary $77,279 - $153,690
Bonus $4,810 - $39,732
Profit Sharing $14,400
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).
)
$85,034 - $179,462
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 96

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Vice President (VP), Underwriting

The practice of underwriting is important for financial institutions and insurers, as it is the mechanism by which they determine their exposure to risk and the amount of premium or incoming revenue which will help to mitigate it. A vice president (VP) of underwriting is a board-level executive who is generally responsible for developing and adhering to cost- and risk-benefit systems, and their goal is to help maintain a good balance of profitability and risk management/leverage.

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Vice President (VP), Underwriting Tasks

  • Responsible for management of underwriting department.
  • Supervise, train and develop staff in portfolio-building and underwriting skills.
  • Oversee risk and account management.
  • Lead underwriting and approval process to maximize profits and minimize losses.

Vice President (VP), Underwriting Job Listings

Pay by Experience Level for Vice President (VP), Underwriting

Pay by Experience for a Vice President (VP), Underwriting has a positive trend. An entry-level Vice President (VP), Underwriting with less than 5 years of experience can expect to earn an average total compensation of $100,000 based on 8 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Vice President (VP), Underwriting with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $122,000 based on 18 salaries. An experienced Vice President (VP), Underwriting which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $131,000 based on 45 salaries. A Vice President (VP), Underwriting with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $135,000 based on 34 salaries.

Vice President (VP), Underwriting Reviews

Q: What is it like working as a Vice President (VP), Underwriting?

Vice President (VP), Underwriting in New York:
Pros: The people I work with and the perks.
Cons: Management is cut-throat and disceptive.

Vice President (VP), Underwriting in The Woodlands:
"Rewarding with constant frustration."
Pros: The team I work with and the work I do.
Cons: The dictatorship.

Related Job Salaries

Key Stats for Vice President (VP), Underwriting

Gender

Female
45 %
Male
55 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 13 votes.
1-4 years
8%
5-9 years
11%
10-19 years
42%
20 years or more
38%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Vice President (VP), Underwriting Salaries

Late-Career
▲2%

National Average
$133,000

Experienced
▼2%

Mid-Career
▼8%

Entry-Level
▼24%

Skills That Affect Vice President (VP), Underwriting Salaries

Insurance
▲16%

National Average
$133,000


Risk Management / Risk Control
▼17%

People Management
▼18%

Loan Underwriting
▼23%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 13 votes.

Gender

Female
45 %
Male
55 %

Years of Experience

1-4 years
8%
5-9 years
11%
10-19 years
42%
20 years or more
38%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 83%
vision benefits
Vision: 73%
no benefits
None: 6%
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