Underwriter V Salary in Minneapolis, Minnesota

Underwriter V Salary in Minneapolis, MN

How much does an Underwriter V make in Minneapolis, MN? The average Underwriter V salary in Minneapolis, MN is $155,114 as of April 24, 2024, but the range typically falls between $131,341 and $182,807. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

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Underwriter V Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Underwriter V Salary $109,697 Minneapolis,MN April 24, 2024
25th Percentile Underwriter V Salary $131,341 Minneapolis,MN April 24, 2024
50th Percentile Underwriter V Salary $155,114 Minneapolis,MN April 24, 2024
75th Percentile Underwriter V Salary $182,807 Minneapolis,MN April 24, 2024
90th Percentile Underwriter V Salary $208,019 Minneapolis,MN April 24, 2024
25% $131,341 10% $109,697 90% $208,019 75% $182,807 $155,114 50%(Median) Didn’t find job title? Click
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Check out Underwriter Job Openings in Minneapolis, Minnesota

Construction Casualty Underwriter (Levell III or IV, AVP)

Zurich Insurance Company Ltd. - Edina, MN

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Senior Underwriter - Cyber & Technology

QBE Insurance Group - Saint Paul, MN

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Commercial Lines Underwriter

Wahve - Minneapolis, MN

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Associate Underwriter

Burns & Wilcox - Minneapolis, MN

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Job Description for Underwriter V

Underwriter V reviews and analyzes risk characteristics on insurance applications, renewals, and change requests. Utilizes underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages. Being an Underwriter V calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. Additionally, Underwriter V may coordinate with field agents to collect or clarify information or decisions. Typically requires a bachelor's degree or equivalent. Typically reports to a supervisor or manager. The Underwriter V works autonomously. Goals are generally communicated in "solution" or project goal terms. May provide a leadership role for the work group through knowledge in the area of specialization. Works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. To be an Underwriter V typically requires 10+ years of related experience. (Copyright 2024 Salary.com)... View full job description

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Salary.com job board provides millions of Underwriter V information for you to search for. Click on search button below to see Underwriter V job openings or enter a new job title here.

Job Openings for Underwriter V in Minneapolis, MN
  • Zurich Insurance Company Ltd. - Edina, MN
    Zurich is currently hiring an experienced Construction Casualty Underwriter (Levell III or IV, AVP) to join the Construction team in Edina, Minnesota. The ...
    - 6 Days Ago
  • QBE Insurance Group - Saint Paul, MN
    Primary DetailsTime Type: Full timeWorker Type: EmployeeThis opportunityThis role will implement assigned line(s) of business strategy by assisting with bu...
    - 4 Days Ago
  • Wahve - Minneapolis, MN
    Commercial Lines Underwriter - REMOTE. Put your Insurance Experience to work - FROM HOME. At Wahve, we value significant insurance experience and want to r...
    - 3 Days Ago
  • Burns & Wilcox - Minneapolis, MN
    Responsibilities. When someone needs coverage for the unique, the unusual, or the unconventional, they come to Burns & Wilcox. Our Associate Underwriters u...
    - 3 Days Ago
  • Grand River Insurance - Minneapolis, MN
    Remote position in Greater Minneapolis, MN or Michigan. Grand River Insurance Agency consistently. outperforms. the industry in both underwriting profitabi...
    - 5 Days Ago

Career Path for Underwriter V

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Underwriter V, the first career path typically starts with a Health Underwriting Manager position, and then Health Underwriting Director.

The second career path typically starts with a Life Underwriting Supervisor position, and then progresses to Life Underwriting Manager.

The third career path typically starts with a Property Casualty Underwriting Supervisor position, and then progresses to Property Casualty Underwriting Manager.

Additionally, the fourth career path typically starts with an Underwriting Supervisor position, and then progresses to Underwriting Manager.

Underwriter V
Health Underwriting Manager
Life Underwriting Supervisor
Property Casualty Underwriting Supervisor
Underwriting Supervisor
Health Underwriting Director
Life Underwriting Manager
Property Casualty Underwriting Manager
Underwriting Manager
Those that have already made the climb...
Robert E. Wolfe, Chairman of the Board, CEO, and CFO
ADVANCED OXYGEN TECHNOLOGY
Advanced Oxygen Technologies, Inc., through its subsidiaries, owns and leases a commercial real estate property in Vojens, Denmark. It also engages in the distribution and sale of security straps and tie downs. The company was formerly known as Aquanautic Corporation. The company was incorporated in 1981 and is headqua... More
Fiscal Year Ended in 2023
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Underwriter V Pay Difference by Location

Underwriter V salary varies from city to city. Compared with national average salary of Underwriter V, the highest Underwriter V salary is in San Francisco, CA, where the Underwriter V salary is 25.0% above. The lowest Underwriter V salary is in Miami, FL, where the Underwriter V salary is 3.5% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for an Underwriter V, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
131341
182807
155114

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
143792
215220
175336
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Underwriter V in Minneapolis, MN. The base salary for Underwriter V ranges from $131,341 to $182,807 with the average base salary of $155,114. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $143,792 to $215,220 with the average total cash compensation of $175,336.
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131341
182807

 

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About Minneapolis, Minnesota    Minneapolis (/ˌmɪniˈæpəlɪs/ (listen)) is the county seat of Hennepin County and the larger of the Twin Cities, the 16th-largest metropolitan area in t....More

Minneapolis, Minnesota  area prices were up 1.4% from a year ago    View the Cost of Living in Minneapolis, Minnesota

Underwriter V Salary in popular cities: Saint Paul, Rochester, Duluth

Skills associated with Underwriter V: Risk Analysis, Contract Review, Underwriting, Denial Administration ...More

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