How much does an Underwriter (Life) I make in Paterson, NJ? The average Underwriter (Life) I salary in Paterson, NJ is $64,269 as of February 26, 2024, but the range typically falls between $57,723 and $71,948. 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 (Life) I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Underwriter (Life) I Salary $51,764 Paterson,NJ February 26, 2024
25th Percentile Underwriter (Life) I Salary $57,723 Paterson,NJ February 26, 2024
50th Percentile Underwriter (Life) I Salary $64,269 Paterson,NJ February 26, 2024
75th Percentile Underwriter (Life) I Salary $71,948 Paterson,NJ February 26, 2024
90th Percentile Underwriter (Life) I Salary $78,940 Paterson,NJ February 26, 2024
25% $57,723 10% $51,764 90% $78,940 75% $71,948 $64,269 50%(Median) Didn’t find job title? Click
Change Search Criteria

What skills does an Underwriter (Life) 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.

Pricing: Pricing is a process of fixing the value that a manufacturer will receive in the exchange of services and goods.

3.

Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.

Analysis 5.62%
Pricing 1.96%
Futures 1.19%
Others 91.23%

Job Description for Underwriter (Life) I

Underwriter (Life) I reviews medical, occupational, financial, and legal information to select or reject individual or group life insurance applications. Calculates rates and premiums from approved decrement tables. Being an Underwriter (Life) I may have contact with the field force for information on which to base decisions. May require a bachelor's degree. Additionally, Underwriter (Life) I typically reports to a supervisor or manager. The Underwriter (Life) I works on projects/matters of limited complexity in a support role. Work is closely managed. To be an Underwriter (Life) 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 (Life) I.

Salary.com job board provides millions of Underwriter (Life) I information for you to search for. Click on search button below to see Underwriter (Life) I job openings or enter a new job title here.

Job Openings for Underwriter (Life) I in Paterson, NJ

Career Path for Underwriter (Life) 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 (Life) 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 (Life) 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 (Life) I salary varies from city to city. Compared with national average salary of Underwriter (Life) I, the highest Underwriter (Life) I salary is in San Francisco, CA, where the Underwriter (Life) I salary is 25.0% above. The lowest Underwriter (Life) I salary is in Miami, FL, where the Underwriter (Life) 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 (Life) I, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
57723
71948
64269

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
60372
75019
66648
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Underwriter (Life) I in Paterson, NJ. The base salary for Underwriter (Life) I ranges from $57,723 to $71,948 with the average base salary of $64,269. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $60,372 to $75,019 with the average total cash compensation of $66,648.
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.

57723
71948

 

Step 3 of 3

How much should you be paid?

About Paterson, New Jersey    Paterson is the largest city in and the county seat of Passaic County, New Jersey, United States. As of the 2010 United States Census, its population ....More

Paterson, New Jersey  area prices were up 1.5% from a year ago    View the Cost of Living in Paterson, New Jersey

Underwriter (Life) I Salary in popular cities: NewarkJersey CityElizabeth

Skills associated with Underwriter (Life) I: Underwriting & Rating Software, Reinsurance, Underwriting, Contract Review ...More

Recently searched related titles: Item Writer, Under Writer, Political Writer

Jobs with a similar salary range to Underwriter (Life) I : Insurance Underwriter Assistant, Veterinary Hospital Manager, Commercial Underwriter, Senior Underwriter, Surety

Salary estimation for Underwriter (Life) I at companies like : Everest Campus West LLC, The New Sheriffs School, Progress bars - International Metal Processing

Jobs with a similar salary range to Underwriter (Life) I : Carman Apprentice, Sop Writer, Insurance Underwriting Assistant