Underwriter V Salary in the United States
Underwriter V Salary
How much does an Underwriter V make in the United States? The average Underwriter V salary in the United States is $145,812 as of March 26, 2024, but the range typically falls between $123,468 and $171,843. 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 | $103,124 | US | March 26, 2024 |
| 25th Percentile Underwriter V Salary | $123,468 | US | March 26, 2024 |
| 50th Percentile Underwriter V Salary | $145,812 | US | March 26, 2024 |
| 75th Percentile Underwriter V Salary | $171,843 | US | March 26, 2024 |
| 90th Percentile Underwriter V Salary | $195,543 | US | March 26, 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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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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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
- Underwriter V Salaries with a High School Diploma or Technical Certificate
- Underwriter V Salaries with an Associate's Degree
- Underwriter V Salaries with a Bachelor's Degree
- Underwriter V Salaries with a Master's Degree or MBA
- Underwriter V Salaries with a JD, MD, PhD or Equivalent
Underwriter V Salary by State
Geographic variations impact Underwriter V salary levels, due to various factors, such as cost of living, industries, market demand and company budgets. Click below to see pay differences between states.
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Browse Related Job Categories With Underwriter V
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries. Underwriter V salary varies from category to category. Click below to see Underwriter V salary in different categories.
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Skills associated with Underwriter V: Underwriting, Denial Administration, Contract Review, Insurance Software ...More
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