VP of Underwriting Salaries in Canada
Alternate Job Titles: Top Group Underwriting Executive, VP of Underwriting Administration
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How much does a VP of Underwriting in Canada make? The median annual VP of Underwriting salary in Canada is C$242,837, as of March 25, 2025, with a range usually between C$212,453-C$270,393 not including bonus and benefit information and other factors that impact base pay. However, the salary for someone with the title VP of Underwriting may vary depending on a number of factors including industry, company size, location, years of experience and level of education. Our team of Certified Compensation Professionals has analyzed survey data collected from thousands of HR departments at companies of all sizes and industries to present this range of annual salaries for people with the job title VP of Underwriting in Canada.
This chart describes the expected percentage of people who perform the job of VP of Underwriting that make less than that annual salary. For example the median expected annual pay for a typical VP of Underwriting in Canada is C$242,837, so 50% of the people who perform the job of VP of Underwriting in Canada are expected to make less than C$242,837.
Source: HR Reported data as of March 25, 2025
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This chart describes the expected percentage of people who perform the job of VP of Underwriting in , that make less than that salary. For example 50% of the people who perform the job of VP of Underwriting in are expected to make less than the median.
Source: HR Reported data as of March 25, 2025
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Leads and directs underwriting strategy, operations, and policy development across product lines. Ensures profitability, growth, and efficiencies that align with the organization's goals and objectives. Establishes financial control guidelines, tools, administrative standards, and best practices. Researches competitors and market conditions to develop and maintain risk selection criteria and methods that support sound risk management. Requires a bachelor's degree. Typically requires Chartered Life Underwriter (CLU). Typically requires Fellow Life Management Institute (FLMI). Typically reports to top management. Manages a departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. Typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. View full job description
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