Vice President (VP), Underwriting Salary

Average pay for a VP of Underwriting in the United States is considerable, rounding six figures at $117K per year. Women VPs of Underwriting who took the survey just slightly outnumber men. Women are just slightly outnumbered, with male VPs of Underwriting making up 50 percent of survey respondents. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Most VPs of Underwriting like their work and job satisfaction is high. Participants in PayScale's salary questionnaire provided the particulars of this report.

$80,173 - $156,032
$80K
$120K
$160K
MEDIAN: $116,569
10%
50%
90%

Add this chart to your site: 640px    300px

$0$182K
Salary $80,173 - $156,032
Bonus $4,983 - $43,063
Profit Sharing $16,500
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).
)
$95,829 - $182,504
  • Country: United States
  • Currency: USD
  • Updated: 14 Nov 2017
  • Individuals Reporting: 94

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.

Read More...

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

Pay by Experience Level for Vice President (VP), Underwriting

Pay by Experience for a Vice President (VP), Underwriting has a positive trend. An entry-level Vice President (VP), Underwriting with less than 5 years of experience can expect to earn an average total compensation of $100,000 based on 8 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Vice President (VP), Underwriting with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $122,000 based on 18 salaries. An experienced Vice President (VP), Underwriting which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $131,000 based on 45 salaries. A Vice President (VP), Underwriting with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $135,000 based on 34 salaries.

Vice President (VP), Underwriting Reviews

Q: What is it like working as a Vice President (VP), Underwriting?

Vice President (VP), Underwriting in New York:
Pros: The people I work with and the perks.
Cons: Management is cut-throat and disceptive.

Vice President (VP), Underwriting in The Woodlands:
"Rewarding with constant frustration."
Pros: The team I work with and the work I do.
Cons: The dictatorship.

Related Job Salaries

Key Stats for Vice President (VP), Underwriting

Gender

Female
51 %
Male
49 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 12 votes.
1-4 years
9%
5-9 years
12%
10-19 years
39%
20 years or more
40%

Experience Affects Vice President (VP), Underwriting Salaries

National Average
$136,000

Late-Career
▼1%

Experienced
▼4%

Mid-Career
▼10%

Entry-Level
▼26%

Skills That Affect Vice President (VP), Underwriting Salaries

Insurance
▲14%

National Average
$136,000


Risk Management / Risk Control
▼19%

People Management
▼19%

Loan Underwriting
▼25%

Job Satisfaction

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

Gender

Female
51 %
Male
49 %

Years of Experience

1-4 years
9%
5-9 years
12%
10-19 years
39%
20 years or more
40%

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 85%
vision benefits
Vision: 78%
no benefits
None: 5%