Salaries for VPs of Underwriting in the United States are generous, with average pay above six figures ($115K) per year. Nearly all report receiving medical coverage from their employers and most collect dental insurance. Women are just slightly outnumbered, with male VPs of Underwriting making up 57 percent of survey respondents. Work is enjoyable for VPs of Underwriting, who typically claim high levels of job satisfaction. This report is based on answers to PayScale's salary questionnaire.

$75,810 - $156,306
MEDIAN: $115,164

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
$75,810 - $156,306  
$1,226 - $30,220  
Profit Sharing
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).
$74,950 - $177,760  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 77

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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.


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

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Years in Fields/Career:
United States (change)

Experience Affects Vice President (VP), Underwriting Salaries

up arrow 13%

National Average

up arrow 6%

up arrow 6%

Skills That Affect Vice President (VP), Underwriting Salaries

up arrow 21%

Financial Analysis
up arrow 10%

National Average

Risk Management / Risk Control
up arrow 13%

People Management
up arrow 14%

Loan Underwriting
up arrow 20%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.


43 %
57 %

Years of Experience

1-4 years
5-9 years
10-19 years
20 years or more

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 82%
medical benefits
Vision: 71%
dental benefits
None: 6%