The average salary for a Senior Underwriter is $82,223.
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What Do Senior Underwriters Do?
Senior underwriters analyze new loan applications to determine whether an applicant should be administered a loan. They may analyze the ability to pay, credit score, and how much is being requested, and the submitted information should be verified during this process. It's also important to determine whether the application fulfills certain parameters of various loans.
Additional information should occasionally be requested from the applicant, and all risks must be analyzed to determine the lik…Read more
Senior Underwriter Tasks
- Assess eligibility of clients' applications to receive capital, insurance, mortgage, or credit.
- Evaluate collateral and ensure portfolio credit quality.
- Structure products to meet clients' needs.
Job Satisfaction for Senior Underwriter
Popular Employer Salaries for Senior Underwriter
The top respondents for the job title Senior Underwriter are from the companies The Chubb Corporation, The Hartford Financial Services Group, Inc. and Liberty Mutual Insurance Group. Reported salaries are highest at Liberty Mutual Insurance Group where the average pay is $93,883. Other companies that offer high salaries for this role include The Chubb Corporation and St. Paul's Travelers, earning around $91,291 and $90,000, respectively. Aetna, Inc. pays the lowest at around $66,496. The Hartford Financial Services Group, Inc. and American International Group, Inc. (AIG) also pay on the lower end of the scale, paying $77,492 and $79,075, respectively.
Explore the most common career paths for Senior Underwriter. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner
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Loan Underwriter, Mortgage
Somewhat common (8 - 20%)
Senior Underwriter Job Listings
What Are Popular Skills for Senior Underwriters?
Skills in Insurance, Loan Underwriting, Financial Analysis and Negotiation are correlated to pay that is above average. Skills that pay less than market rate include Risk Management / Risk Control.
What is the Pay by Experience Level for Senior Underwriters?
An entry-level Senior Underwriter with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $50,721 based on 6 salaries. An early career Senior Underwriter with 1-4 years of experience earns an average total compensation of $72,562 based on 184 salaries. A mid-career Senior Underwriter with 5-9 years of experience earns an average total compensation of $80,480 based on 514 salaries. An experienced Senior Underwriter with 10-19 years of experience earns an average total compensation of $85,692 based on 737 salaries. In their late career (20 years and higher), employees earn an average total compensation of $84,821.
Pay Difference by Location
Employees with Senior Underwriter in their job title in San Francisco, California earn an average of 25.4% more than the national average. These job titles also find higher than average salaries in Los Angeles, California (20.1% more) and New York, New York (16.4% more). The lowest salaries can be found in Hartford, Connecticut (1.7% less).
Years of Experience
This data is based on 1,965 survey responses.