The average salary for a Vice President (VP), Underwriting is $123,501.
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$82k - $164k
$5k - $39k
$4k - $21k
$92k - $192k
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Job Description for Vice President (VP), Underwriting
Vice presidents (VP) of underwriting serve an executive leadership position in the insurance industry and help to develop and guide a company's vision while growing the business. This means working alongside other members of the senior leadership team to develop and implement policies, train employees, and develop and enforce goals. VPs of underwriting work at a company's highest level and have a direct role in establishing policies, so strong communication and decision-making skills and expert…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.
Job Satisfaction for Vice President (VP), Underwriting
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Popular Skills for Vice President (VP), Underwriting
Risk Management / Risk Control
Skills in Risk Management / Risk Control, People Management and Insurance are correlated to pay that is above average. Skills that pay less than market rate include Loan Underwriting and Financial Analysis.
Pay by Experience Level for Vice President (VP), Underwriting
An early career Vice President (VP), Underwriting with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $81,756 based on 10 salaries. A mid-career Vice President (VP), Underwriting with 5-9 years of experience earns an average total compensation of $100,841 based on 22 salaries. An experienced Vice President (VP), Underwriting with 10-19 years of experience earns an average total compensation of $124,378 based on 71 salaries. In their late career (20 years and higher), employees earn an average total compensation of $134,524.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Vice President (VP), Underwriting in their job title in Dallas, Texas earn an average of 15.0% more than the national average. These job titles also find higher than average salaries in New York, New York (11.7% more) and Chicago, Illinois (9.9% more). The lowest salaries can be found in Minneapolis, Minnesota (17.4% less), Irvine, California (16.6% less) and Atlanta, Georgia (11.2% less).
Years of Experience
This data is based on 182 survey responses.
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