How Much Does a Commercial Underwriter II make?

Commercial Underwriter II made a median salary around $97,442 in December, 2024. The best-paid 25 percent made $112,042 probably that year, while the lowest-paid 25 percent made around $86,739. 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.
Check out Commercial Underwriter jobs in Fresno, California

Commercial Accounts Middle Market Senior Underwriter

The Travelers Companies, Inc. - Walnut Creek, CA

Commercial Underwriter

Sunwest Bank - Irvine, CA

Commercial Relationship Manager II

Banner Bank - Sacramento, CA

Commercial Underwriter

Brown & Brown Insurance - , CA

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Best-Paying Cities for Commercial Underwriter II

The metropolitan areas that pay the highest salary in the Commercial Underwriter II profession are San Jose , Santa Clara , Saratoga , Sunnyvale , Los Gatos .
San Jose, CA $122,046
Santa Clara, CA $122,046
Saratoga, CA $122,046
Sunnyvale, CA $122,046
Los Gatos, CA $122,046

Best-Paying States for Commercial Underwriter II

The states and districts that pay Commercial Underwriter II the highest salary are District of Columbia (around $108,237) , California (around $107,264) , New Jersey (around $106,584) , Alaska (around $105,903) , and Massachusetts (around $105,806) .
District of Columbia $108,237
California $107,264
New Jersey $106,584
Alaska $105,903
Massachusetts $105,806

What is the Career Path of Commercial Underwriter II?

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 Commercial Underwriter II, the first career path typically starts with a Health Underwriting Manager position , and then progresses to Health Underwriting Director.

The second career path typically starts with a Life Underwriting Supervisor position , and then progresses to Life Underwriting Director.

The third career path typically starts with an Underwriter (P/C) IV position , and then progresses to Property Casualty Underwriting Director.

Additionally, the fourth career path typically starts with an Underwriter IV position , and then progresses to Chief Underwriting Officer.

Besides, Commercial Underwriter II can also turn to other related jobs, including Underwriter II , Commercial Underwriter , Senior Commercial Underwriter and Commercial Lines Underwriter .

Frequently Asked Questions for Commercial Underwriter II

Q: What is the salary range of Commercial Underwriter II in Fresno, CA?
A: In 2024 , the lowest-paid Commercial Underwriter II in Fresno, CA earned an average annual salary of $86,739 , while the highest-paid made $112,042.
Q: What is the salary for a Commercial Underwriter II in California?
A: Commercial Underwriter II employed in California earned an average salary of $107,264 in 2024.

Average Commercial Underwriter II Pay vs. Other Jobs

Commercial Underwriter II earned an average salary of $97,442 in 2024. Other jobs related to Commercial Underwriter II earned the following average salary in December, 2024. Underwriter II made $74,421 , Commercial Underwriter made $57,527 , Senior Commercial Underwriter and Commercial Lines Underwriter made $59,943 and $78,096 respectively .

Relevant Jobs of Commercial Underwriter II

Underwriter II - Average Salary $74,421
Underwriter II 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 II calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. Additionally, Underwriter II 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 II occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be an Underwriter II typically requires 2-4 years of related experience.
Commercial Underwriter - Average Salary $57,527
There is currently no job description for Commercial Underwriter, be the first to submit the job responsibilities for Commercial Underwriter.
Senior Commercial Underwriter - Average Salary $59,943
There is currently no job description for Senior Commercial Underwriter, be the first to submit the job responsibilities for Senior Commercial Underwriter.
Commercial Lines Underwriter - Average Salary $78,096
Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.
Commercial Credit Underwriter - Average Salary $62,966
There is currently no job description for Commercial Credit Underwriter, be the first to submit the job responsibilities for Commercial Credit Underwriter.