Vice President (VP), Underwriting Salary

VPs of Underwriting in the United States can expect to earn a very comfortable salary, with average salaries (in the ballpark of $115K) surpassing six figures annually. Cash earnings for VPs of Underwriting — which occasionally include more than $39K from bonuses and more than $30K from profit sharing — stretch from around $79K to approximately $190K. Most workers in this position report high levels of job satisfaction. The majority of VPs of Underwriting (61 percent) survey respondents are male. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. The data for this synopsis comes from respondents who took the PayScale salary survey.

$77,042 - $153,962
(Median)
$77K
$120K
$150K
MEDIAN: $115,299
10%
50%
90%

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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.
)
$0$70K$140K$210K
Salary
$77,042 - $153,962  
   
Bonus
$1,951 - $38,880  
Profit Sharing
$40.55 - $29,590  
Commission
$0.00  
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

  • 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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Typical VPs of Underwriting report a focused set of job skills. Most notably, facility with Financial Analysis and Insurance are correlated to pay that is significantly above average, leading to increases of 36 percent and 22 percent, respectively.

Related Job Salaries

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Experience Affects Vice President (VP), Underwriting Salaries

Late-Career
up arrow 2%

Experienced
0%

National Average
$127,000

Mid-Career
up arrow 5%

Skills That Affect Vice President (VP), Underwriting Salaries

Financial Analysis
up arrow 36%

Insurance
up arrow 22%

National Average
$127,000

Job Satisfaction

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

Gender

Female
39 %
Male
61 %

Years of Experience

1-4 years
2%
5-9 years
13%
10-19 years
37%
20 years or more
48%

Common Health Benefits

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