How much does an Underwriter I make in Apache Junction, AZ? The average Underwriter I salary in Apache Junction, AZ is $59,785 as of February 26, 2024, but the range typically falls between $53,397 and $67,843. 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. 

Underwriter I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Underwriter I Salary $47,580 Apache Junction,AZ February 26, 2024
25th Percentile Underwriter I Salary $53,397 Apache Junction,AZ February 26, 2024
50th Percentile Underwriter I Salary $59,785 Apache Junction,AZ February 26, 2024
75th Percentile Underwriter I Salary $67,843 Apache Junction,AZ February 26, 2024
90th Percentile Underwriter I Salary $75,180 Apache Junction,AZ February 26, 2024
25% $53,397 10% $47,580 90% $75,180 75% $67,843 $59,785 50%(Median) Didn’t find job title? Click
Change Search Criteria

What skills does an Underwriter I need?

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.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

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.

3.

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.

Analysis 0.07%
Health insurance 0.01%
Financial Accounting 0.01%
Others 99.91%

Job Description for Underwriter I

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

Employers: Job Description Management Tool

See user submitted job responsibilities for Underwriter I.

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.

Job Openings for Underwriter I in Apache Junction, AZ

Career Path for Underwriter I

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.

Those that have already made the climb...
John D. Rainey, Former Chief Financial Officer and EVP, Global Customer Operations
PayPal Holdings, Inc. operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consu... More
Fiscal Year Ended in 2022
Not the job you're looking for? Search more salaries here:
See if your skills match up? Check skills for Underwriter I

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

  • Detailed skills and competency reports for specific positions
  • Job and employee pricing reports
  • Compensation data tools, salary structures, surveys and benchmarks.
Learn about CompAnalyst

Underwriter I salary varies from city to city. Compared with national average salary of Underwriter I, the highest Underwriter I salary is in San Francisco, CA, where the Underwriter I salary is 25.0% above. The lowest Underwriter I salary is in Miami, FL, where the Underwriter I salary is 2.9% 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
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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 I, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
53397
67843
59785

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
55045
71290
62031
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Underwriter I in Apache Junction, AZ. The base salary for Underwriter I ranges from $53,397 to $67,843 with the average base salary of $59,785. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $55,045 to $71,290 with the average total cash compensation of $62,031.
Step 2 of 3

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

53397
67843

 

Step 3 of 3

How much should you be paid?

About Apache Junction, Arizona    Apache Junction is a city in Maricopa and Pinal counties in the state of Arizona. According to the 2017 U.S. Census estimates, the population of the ....More

Apache Junction, Arizona  area prices were up 2.2% from a year ago    View the Cost of Living in Apache Junction, Arizona

Underwriter I Salary in popular cities: PhoenixTucsonMesa

Skills associated with Underwriter I: Insurance Software, Loss Run Analysis, Calculate Payments/Premiums, Reinsurance ...More

Recently searched related titles: Auto Loan Underwriter, Bond Underwriter, Real Estate Underwriter

Recently searched related titles: Acute Dialysis Technician, Entry Level Underwriter, Business Banking Underwriter

Jobs with a similar salary range to Underwriter I : Financial Lines Underwriter, Small Business Underwriter, Auto Underwriter, Contract Surety Underwriter

Salary estimation for Underwriter I at companies like : Vancouver Campus/Main, Stem Usa Inc, Powell Street Convention Center

Jobs with a similar salary range to Underwriter I : Paper Conservator, Pediatric Dialysis Nurse, Aerotek Account Manager