Vice President (VP), Underwriting Salary

VPs of Underwriting in the United States can look forward to a sizeable six-figure salary — around $115K per year on average. Including potential for bonuses and profit sharing — peaking near $39K and $30K, respectively — total cash payment to VPs of Underwriting can bottom out near $79K or peak near $190K depending on individual performance. Medical benefits are awarded to nearly all, and most earn dental coverage. Men make up the majority of VPs of Underwriting (61 percent) survey respondents. Most workers in this position report high levels of job satisfaction. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$77,042 - $153,962
MEDIAN: $115,299

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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.
$77,042 - $153,962  
$1,951 - $38,880  
Profit Sharing
$40.55 - $29,590  
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).
$79,138 - $189,754  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 103
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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

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

Vice President (VP), Underwriting Job Listings

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Experience Affects Vice President (VP), Underwriting Salaries

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National Average

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Skills That Affect Vice President (VP), Underwriting Salaries

Financial Analysis
up arrow 36%

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National Average

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 24 votes.


39 %
61 %

Years of Experience

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

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 82%
medical benefits
Vision: 71%
dental benefits
None: 6%