As of December 01, 2024, the average annual pay of Underwriter III in Bloomfield, NJ is $110,699. While Salary.com is seeing that Underwriter III salary in Bloomfield, NJ can go up to $142,268 or down to $87,487, but most earn between $98,549 and $127,223. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Underwriter III in the United States.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $110,533 | $9,211 | $2,126 | $53 |
| Average | $96,176 | $8,015 | $1,850 | $46 |
| 25th Percentile | $85,620 | $7,135 | $1,647 | $41 |
An entry-level Underwriter III with under 1 year experience makes about $104,749. With less than 2 years of experience, a mid-level Underwriter III makes around $105,652. After 2-4 years, the Underwriter III pay rises to about $107,456. Those senior Underwriter III with 5-8 years of experience earn roughly $110,163, and those Underwriter III having 8 years or more experience are expected to earn about $116,300 on average.
| Levels | Salary |
|---|---|
| Entry Level Underwriter III | $104,749 |
| Intermediate Level Underwriter III | $105,652 |
| Senior Level Underwriter III | $107,456 |
| Specialist Level Underwriter III | $110,163 |
| Expert Level Underwriter III | $116,300 |
| Entry Level | 9% |
| Mid Level | 10% |
| Senior Level | 12% |
| Top Level | 15% |
| Experienced | 21% |
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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.
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.
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
Sales Support: The tasks, roles, and technology that exist within our organization to help our sales force close deals.
| Skill | Salary | Demand |
|---|---|---|
|
Sales Support
|
$129,518 |
17%
|
|
Collective Bargaining
|
$122,876 |
11%
|
|
Conflict Resolution
|
$118,448 |
7%
|
|
Leadership Development
|
$116,234 |
5%
|
|
Consultative Services
|
$115,127 |
4%
|
|
Innovation
|
$115,127 |
4%
|
