How much does an Underwriter III make in Broomfield, CO? The average Underwriter III salary in Broomfield, CO is $95,743 as of February 26, 2024, but the range typically falls between $85,242 and $110,031. 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 III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Underwriter III Salary $75,681 Broomfield,CO February 26, 2024
25th Percentile Underwriter III Salary $85,242 Broomfield,CO February 26, 2024
50th Percentile Underwriter III Salary $95,743 Broomfield,CO February 26, 2024
75th Percentile Underwriter III Salary $110,031 Broomfield,CO February 26, 2024
90th Percentile Underwriter III Salary $123,040 Broomfield,CO February 26, 2024
25% $85,242 10% $75,681 90% $123,040 75% $110,031 $95,743 50%(Median) Didn’t find job title? Click
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What skills does an Underwriter III 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.

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.

Life Insurance: Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period

3.

Sales Support: The tasks, roles, and technology that exist within our organization to help our sales force close deals.

Customer Service 5.26%
Life Insurance 2.63%
Sales Support 1.32%
Others 90.79%

Job Description for Underwriter III

Underwriter III 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 III calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. Additionally, Underwriter III 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 III work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be an Underwriter III typically requires 4-7 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Underwriter III in Broomfield, CO

Career Path for Underwriter III

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 III, 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 an Underwriter (P/C) IV position, and then progresses to Property Casualty Underwriting Supervisor.

Additionally, the fourth career path typically starts with an Underwriter IV position, and then progresses to Underwriter V.

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

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Average Base Salary

Core compensation

 
 
 
85242
110031
95743

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
89714
120046
102118
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Underwriter III in Broomfield, CO. The base salary for Underwriter III ranges from $85,242 to $110,031 with the average base salary of $95,743. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $89,714 to $120,046 with the average total cash compensation of $102,118.
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85242
110031

 

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About Broomfield, Colorado    Broomfield is a consolidated city and county in the U.S. state of Colorado. Broomfield has a consolidated city and county government which operates u....More

Broomfield, Colorado  area prices were up 0.4% from a year ago    View the Cost of Living in Broomfield, Colorado

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