Underwriter V Salary in Passaic, New Jersey
Underwriter V Salary in Passaic, NJ
How much does an Underwriter V make in Passaic, NJ? The average Underwriter V salary in Passaic, NJ is $168,272 as of April 24, 2024, but the range typically falls between $142,482 and $198,313. 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.
| Percentile | Salary | Location | Last Updated |
| 10th Percentile Underwriter V Salary | $119,002 | Passaic,NJ | April 24, 2024 |
| 25th Percentile Underwriter V Salary | $142,482 | Passaic,NJ | April 24, 2024 |
| 50th Percentile Underwriter V Salary | $168,272 | Passaic,NJ | April 24, 2024 |
| 75th Percentile Underwriter V Salary | $198,313 | Passaic,NJ | April 24, 2024 |
| 90th Percentile Underwriter V Salary | $225,664 | Passaic,NJ | April 24, 2024 |
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Job Description for Underwriter V
Underwriter V 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 V calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. Additionally, Underwriter V 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 V works autonomously. Goals are generally communicated in "solution" or project goal terms. May provide a leadership role for the work group through knowledge in the area of specialization. Works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. To be an Underwriter V typically requires 10+ years of related experience. (Copyright 2024 Salary.com)... View full job description
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C. Winchell Agency, Inc. - , NJSenior Production Underwriter. New York, New Jersey and Pennsylvania - Several Positions. Property and Casualty Insurance. Bring your commercial underwriti...- 1 Day Ago
Career Path for Underwriter V
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 V, 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 a Property Casualty Underwriting Supervisor position, and then progresses to Property Casualty Underwriting Manager.
Additionally, the fourth career path typically starts with an Underwriting Supervisor position, and then progresses to Underwriting Manager.
What does an Underwriter V do?
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Underwriter V Pay Difference by Location
Underwriter V salary varies from city to city. Compared with national average salary of Underwriter V, the highest Underwriter V salary is in San Francisco, CA, where the Underwriter V salary is 25.0% above. The lowest Underwriter V salary is in Miami, FL, where the Underwriter V salary is 3.5% lower than national average salary.
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About Passaic, New Jersey
Similar Jobs to Underwriter V
| Job Title | Experience | EDUCATION | Salary Compared to This Job |
|---|---|---|---|
| Job Title Mortgage Underwriter I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
| Job Title Mortgage Underwriter II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
| Job Title Mortgage Underwriter III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
| Job Title Underwriter (Life) I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
| Job Title Underwriter (Life) III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Level of Education for Underwriter V
Jobs with different levels of education may pay very differently. Check the Underwriter V salary of your education level.
- Underwriter V Salaries with No Diploma
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- Underwriter V Salaries with an Associate's Degree
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- Underwriter V Salaries with a JD, MD, PhD or Equivalent
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About Passaic, New Jersey According to the United States Census Bureau, the city had a total area of 3.244 square miles (8.401 km2), including 3.146 square miles (8.149 km2) of....More
Passaic, New Jersey area prices were up 1.5% from a year ago View the Cost of Living in Passaic, New Jersey
Underwriter V Salary in popular cities: Newark, Jersey City, Paterson
Skills associated with Underwriter V: Risk Analysis, Contract Review, Underwriting, Denial Administration ...More
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