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Insurance Underwriter V Salary in Fairbanks, Alaska

Insurance Underwriter V Salary in Fairbanks, AK

How much does an Insurance Underwriter V make in Fairbanks, AK? The average Insurance Underwriter V salary in Fairbanks, AK is $162,800 as of May 28, 2024, but the range typically falls between $137,800 and $191,800. 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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Insurance Underwriter V Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Insurance Underwriter V Salary $115,039 Fairbanks,AK May 28, 2024
25th Percentile Insurance Underwriter V Salary $137,800 Fairbanks,AK May 28, 2024
50th Percentile Insurance Underwriter V Salary $162,800 Fairbanks,AK May 28, 2024
75th Percentile Insurance Underwriter V Salary $191,800 Fairbanks,AK May 28, 2024
90th Percentile Insurance Underwriter V Salary $218,203 Fairbanks,AK May 28, 2024
25% $137,800 10% $115,039 90% $218,203 75% $191,800 $162,800 50%(Median) Didn’t find job title? Click
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Job Description

The Insurance Underwriter V utilizes underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages. Reviews and analyzes risk characteristics on insurance applications, renewals, and change requests. Being an Insurance Underwriter V ensures that underwriting activities comply with all industry and governmental regulations. Calculates renewal rates. In addition, Insurance 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. Being an Insurance 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. Working as an Insurance Underwriter V typically requires 10+ years of related experience. (Copyright 2024 Salary.com)

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Job Openings for Insurance Underwriter V in Fairbanks, AK

Career Path for this job

  1. Down a level:

    Insurance Underwriter IV

    7 + years experience
    Bachelor's Degree

  2. This Job:

    Insurance Underwriter V

    10 + years experience
    Bachelor's Degree

  3. Up a level:

    Underwriting Operations Supervisor

    3 - 5 years experience
    Bachelor's Degree

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

Average Base Salary

Core compensation

 
 
 
137800
191800
162800

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
150900
225800
184000
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Insurance Underwriter V in Fairbanks, AK. The base salary for Insurance Underwriter V ranges from $137,800 to $191,800 with the average base salary of $162,800. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $150,900 to $225,800 with the average total cash compensation of $184,000.
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137800
191800

 

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About Fairbanks, Alaska    Fairbanks (Tanana: Tanan) is a home rule city and the borough seat of the Fairbanks North Star Borough in the U.S. state of Alaska. Fairbanks is the l....More

Fairbanks, Alaska  area prices were up 2.8% from a year ago    View the Cost of Living in Fairbanks, Alaska

Insurance Underwriter V Salary in popular cities: Anchorage, Juneau, Sitka

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