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What is the salary range of Underwriter (Life) II?

As of December 01, 2024, the average annual pay of Underwriter (Life) II in Erie, PA is $66,998. While Salary.com is seeing that Underwriter (Life) II salary in Erie, PA can go up to $84,431 or down to $53,126, but most earn between $59,737 and $76,123. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Underwriter (Life) II in the United States.

Underwriter (Life) II Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $82,384 $6,865 $1,584 $40
Average $72,508 $6,042 $1,394 $35
25th Percentile $64,650 $5,388 $1,243 $31

Average Salary

25% $59,737 10% $53,126 90% $84,431 75% $76,123 $66,998 50%(Median) Didn’t find job title? Click
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Last Updated on December 01, 2024
Last Updated on December 01, 2024
Levels Salary
Entry Level Underwriter (Life) II $64,320
Intermediate Level Underwriter (Life) II $64,536
Senior Level Underwriter (Life) II $66,695
Specialist Level Underwriter (Life) II $70,083
Expert Level Underwriter (Life) II $71,439
$64,320 0 yr
$64,536 < 2 yrs
$66,695 2-4 yrs
$70,083 5-8 yrs
$71,439 > 8 yrs
Last Updated on December 01, 2024
Entry Level 11%
Mid Level 11%
Senior Level 8%
Top Level 3%
Experienced 1%
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Last Updated on December 01, 2024

Job Openings of Underwriter (Life) II

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Cost of Living In Erie, PA

Cost of Living in Erie , PA is
-9.8% Lower
than the National Average
Use Salary.com's Cost of Living Calculator to find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses.

Best-Paid Skills and Qualifications for Underwriter (Life) II

What skills does an Underwriter (Life) II 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.

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.

3.

Financial Analysis: Financial statement analysis (or financial analysis) is the process of reviewing and analyzing a company's financial statements to make better economic decisions to earn income in future. These statements include the income statement, balance sheet, statement of cash flows, notes to accounts and a statement of changes in equity (if applicable). Financial statement analysis is a method or process involving specific techniques for evaluating risks, performance, financial health, and future prospects of an organization. It is used by a variety of stakeholders, such as credit and equity investors, the government, the public, and decision-makers within the organization. These stakeholders have different interests and apply a variety of different techniques to meet their needs. For example, equity investors are interested in the long-term earnings power of the organization and perhaps the sustainability and growth of dividend payments. Creditors want to ensure the interest and principal is paid on the organizations debt securities (e.g., bonds) when due.

Analysis 6.48%
Futures 1.31%
Financial Analysis 1.06%
Others 91.15%
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What skills can make your compensation higher?
Mastering certain skills can make the compensation of an Underwriter (Life) II higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Economics, you can get a 35% salary raise. If you are good at Analysis, your salary will increase by 24%. If you are expert in Risk Management, your salary will rise by 21%.
Skill Salary Demand
Economics
$90,447
35%
Analysis
$83,077
24%
Risk Management
$81,067
21%
Knowledge of Underwriting
$80,397
20%
Financial Statements
$79,057
18%
Tax Return
$76,377
14%
Last Updated on December 01, 2024

About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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The average salary for an Underwriter (Life) II is $66,998 per year in Erie, PA, updated at December 01, 2024.
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