How much does an Underwriter I make in Illinois? The average Underwriter I salary in Illinois is $62,428 as of March 26, 2024, but the range typically falls between $55,758 and $70,846. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
Percentile | Salary | Location | Last Updated |
10th Percentile Underwriter I Salary | $49,685 | IL | March 26, 2024 |
25th Percentile Underwriter I Salary | $55,758 | IL | March 26, 2024 |
50th Percentile Underwriter I Salary | $62,428 | IL | March 26, 2024 |
75th Percentile Underwriter I Salary | $70,846 | IL | March 26, 2024 |
90th Percentile Underwriter I Salary | $78,510 | IL | March 26, 2024 |
Kleberg Bank, N.A. - Corpus Christi, TX
THIRD COAST BANK - Dallas, TX
First Insurance Company of Hawaii - Honolulu, HI
Underwriter and Portfolio Officer
New Omni Bank N A - Rowland Heights, CA
Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Health Insurance: Health insurance is a type of insurance coverage that pays for health and medical expenses. Health insurance covers some or all of the costs of routine care, emergency care, and treatment for chronic illnesses.
Financial Accounting: Financial accounting (or financial accountancy) is the field of accounting concerned with the summary, analysis and reporting of financial transactions related to a business. This involves the preparation of financial statements available for public use. Stockholders, suppliers, banks, employees, government agencies, business owners, and other stakeholders are examples of people interested in receiving such information for decision making purposes. Financial accountancy is governed by both local and international accounting standards. Generally Accepted Accounting Principles (GAAP) is the standard framework of guidelines for financial accounting used in any given jurisdiction. It includes the standards, conventions and rules that accountants follow in recording and summarizing and in the preparation of financial statements. On the other hand, International Financial Reporting Standards (IFRS) is a set of passionable accounting standards stating how particular types of transactions and other events should be reported in financial statements. IFRS are issued by the International Accounting Standards Board (IASB). With IFRS becoming more widespread on the international scene, consistency in financial reporting has become more prevalent between global organizations.
Underwriter I 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 I calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. Additionally, Underwriter I 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 I work is closely managed. Works on projects/matters of limited complexity in a support role. To be an Underwriter I typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)... View full job description
Salary.com job board provides millions of Underwriter I information for you to search for. Click on search button below to see Underwriter I job openings or enter a new job title here.
Location | Avg. Salary | Date Updated |
---|---|---|
Location Cicero, IL | Avg. Salary $64,015 | Date Updated March 26, 2024 |
Location Mount Prospect, IL | Avg. Salary $63,771 | Date Updated March 26, 2024 |
Location Abingdon, IL | Avg. Salary $57,790 | Date Updated March 26, 2024 |
Location Adair, IL | Avg. Salary $58,340 | Date Updated March 26, 2024 |
Location Addieville, IL | Avg. Salary $59,255 | Date Updated March 26, 2024 |
Location Addison, IL | Avg. Salary $63,771 | Date Updated March 26, 2024 |
Location Akin, IL | Avg. Salary $57,485 | Date Updated March 26, 2024 |
Location Albany, IL | Avg. Salary $56,997 | Date Updated March 26, 2024 |
Location Albers, IL | Avg. Salary $59,255 | Date Updated March 26, 2024 |
Location Albion, IL | Avg. Salary $56,143 | Date Updated March 26, 2024 |
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 I, the first career path typically starts with a Health Underwriter position, and then Health Underwriting Manager.
The second career path typically starts with an Underwriter (Life) II position, and then progresses to Life Underwriting Supervisor.
The third career path typically starts with an Underwriter (P/C) II position, and then progresses to Underwriter (P/C) IV.
Additionally, the fourth career path typically starts with an Underwriter II position, and then progresses to Underwriter IV.
Salary.com's CompAnalyst platform offers:
Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Loan Underwriter I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Mortgage Underwriter I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Mortgage Underwriter II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Job Title Mortgage Underwriter III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Job Title Underwriter (Life) I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Underwriter I salary of your education level.
Underwriter I salary varies from country to country. There are several factors that mainly impact the Underwriter I salary, including cost of living, economic conditions, market rates and legal differences. Click below to Underwriter I salary of the other country.
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries. Underwriter I salary varies from category to category. Click below to see Underwriter I salary in different categories.
About Illinois Illinois (/ˌɪlɪˈnɔɪ/ (listen) IL-ih-NOY) is a state in the Midwestern and Great Lakes region of the United States. It has the fifth largest gross dome....More
Skills associated with Underwriter I: Underwriting & Rating Software, Reinsurance, Calculate Ratings, Loss Run Analysis ...More
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