1. Where can an Underwriting Supervisor earn the most?
An Underwriting Supervisor's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, an Underwriting Supervisor earns the most in San Jose, CA, where the annual salary of an Underwriting Supervisor is $131,796.
2. What is the highest pay for Underwriting Supervisor?
The highest pay for Underwriting Supervisor is $128,554.
3. What is the lowest pay for Underwriting Supervisor?
The lowest pay for Underwriting Supervisor is $87,978.
4. What are the responsibilities of Underwriting Supervisor?
Supervises the team responsible for reviewing and analyzing risk characteristics on insurance applications, renewals, and change requests. Utilizes underwriting guidelines, rules, and standards to accept, reject, or mitigate risk for applications. Calculates renewal rates, and determines appropriate premiums, limits, and coverages. Ensures compliance with all industry and governmental regulations. May coordinate with field agents to collect or clarify information or decisions. May underwrite and oversee the issuance of renewal on key accounts. Requires a bachelor's degree. Typically reports to a manager. Supervises a group of primarily para-professional level staffs. May also be a level above a supervisor within high volume administrative/production environments. Makes day-to-day decisions within or for a group/small department. Has some authority for personnel actions. Typically requires 3-5 years experience in the related area as an individual contributor. Thorough knowledge of functional area and department processes.
5. What industry pays the highest salary for Underwriting Supervisor?
The Insurance industry offers the highest average compensation for Underwriting Supervisor roles,
with salaries approximately 30% above the market median.
