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Insurance Underwriter V Salary in New Braintree, Massachusetts

Insurance Underwriter V Salary in New Braintree, MA

How much does an Insurance Underwriter V make in New Braintree, MA? The average Insurance Underwriter V salary in New Braintree, MA is $154,000 as of April 24, 2024, but the range typically falls between $130,400 and $181,500. 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 $108,913 New Braintree,MA April 24, 2024
25th Percentile Insurance Underwriter V Salary $130,400 New Braintree,MA April 24, 2024
50th Percentile Insurance Underwriter V Salary $154,000 New Braintree,MA April 24, 2024
75th Percentile Insurance Underwriter V Salary $181,500 New Braintree,MA April 24, 2024
90th Percentile Insurance Underwriter V Salary $206,537 New Braintree,MA April 24, 2024
25% $130,400 10% $108,913 90% $206,537 75% $181,500 $154,000 50%(Median) Didn’t find job title? Click
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Remote Health Insurance Senior Underwriter

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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 New Braintree, MA

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

 
 
 
130400
181500
154000

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
142800
213600
174100
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 New Braintree, MA. The base salary for Insurance Underwriter V ranges from $130,400 to $181,500 with the average base salary of $154,000. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $142,800 to $213,600 with the average total cash compensation of $174,100.
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130400
181500

 

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About New Braintree, Massachusetts    New Braintree is a town in Worcester County, Massachusetts, United States. The population was 999 at the 2010 census. According to the United States C....More

New Braintree, Massachusetts  area prices were up 1.6% from a year ago    View the Cost of Living in New Braintree, Massachusetts

Insurance Underwriter V Salary in popular cities: Boston, Worcester, Springfield

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