Underwriter in Milwaukee Salary

The average salary for an Underwriter in Milwaukee, Wisconsin is $52,426 per year. People in this job generally don't have more than 10 years' experience.

$42,594 - $68,407
$43K
$51K
$68K
MEDIAN: $51,457
10%
50%
90%

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$0$70K
Salary $42,594 - $68,407
Bonus $2,350
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).
)
$41,953 - $70,188
  • Country: United States
  • Currency: USD
  • Updated: 9 Nov 2017
  • Individuals Reporting: 15

Job Description for Underwriter

Underwriters work primarily in banks which handle loans and mortgages and are responsible for analyzing the risks of a loan based on the data in the application. They also oversee other information in the loan application to ensure it is accurate.

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Underwriter Tasks

  • Analyze new and renewal business, data, claim history, loss experience, and outcome of liability decisions.
  • Underwrite, submit, approve or pend coverage amounts and premiums, and present decisions to management.
  • Monitor existing policies for compliance with company guidelines.
  • Manage underwriting territory and select new business based on analysis of their profitability.

About Milwaukee, Wisconsin

Milwaukee County, Wisconsin
600,154
Male:
286,315 (47.7%)
Female:
313,839 (52.3%)
Milwaukee (/mɪlˈwɔːkiː/, /ˈmwɔːki/) is the largest city in the state of Wisconsin and the fifth-largest city in the Midwestern United States. The county seat of Milwaukee County, it is on Lake Michigan's western shore. According to the 2010 census, Milwaukee has a population of 594,833. Milwaukee is the main cultural and economic center of the Milwaukee–Racine–Waukesha Metropolitan Area with a population of 2,043,904 as of an official 2014 estimate. The first Europeans to pass through the area were French Catholic missionaries and fur traders. In 1818, the French Canadian explorer Solomon Juneau settled in the area, and in 1846 Juneau's town combined with two neighboring towns to incorporate as the City of Milwaukee. Large numbers of German immigrants helped increase the city's population during the 1840s, with Poles and other immigrants arriving in the following decades. Known for its brewing traditions, major new additions to the city include the Milwaukee Riverwalk, the...
Milwaukee:
$37,495
Wisconsin:
$55,638
$802
Milwaukee:
$114,000
Wisconsin:
$168,300
5.7%

Underwriter Job Listings

Key Stats for Underwriter

Gender

Female
56 %
Male
44 %

Job Satisfaction

Somewhat satisfied
Rated 2 out of 5
based on 2 votes.
Less than 1 year
6%
1-4 years
24%
5-9 years
41%
10-19 years
24%
20 years or more
6%

Experience Affects Underwriter Salaries

Mid-Career
▲1%

National Average
$53,000

Entry-Level
▼6%

Skills That Affect Underwriter Salaries

Mortgage Loans
▲4%

Loan Underwriting
▼0%

National Average
$53,000

Insurance
▼4%

Risk Management / Risk Control
▼4%

Data Analysis
▼15%

Job Satisfaction

Somewhat satisfied
Rated 2 out of 5
based on 2 votes.

Gender

Female
56 %
Male
44 %

Years of Experience

Less than 1 year
6%
1-4 years
24%
5-9 years
41%
10-19 years
24%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 87%
vision benefits
Vision: 73%
no benefits
None: 13%