Group Underwriting Manager Salary in Indiana

Group Insurance Underwriting Manager - Average Salary $131,921

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Underwriting Supervisor - Average Salary $107,869

Underwriting Supervisor oversees activities of the underwriting department. Provides supervision for a group of underwriters who review, analyze, and inspect insurance risk. Being an Underwriting Supervisor ensures compliance with all industry and governmental regulations. Follows established procedures regarding risk management, application and renewal, and acceptance and rejection. Additionally, Underwriting Supervisor develops underwriting team expertise with coaching, support and educational programs. Typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Underwriting Supervisor 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. To be an Underwriting Supervisor typically requires 3-5 years experience in the related area as an individual contributor. Thorough knowledge of functional area and department processes.

Top Group Underwriting Executive - Average Salary $253,900

The Top Group Underwriting Executive ensures profitability, growth, and efficiencies that align with the organization's goals and objectives. Leads and directs underwriting strategy, operations, and policy development across product lines. Being a Top Group Underwriting Executive researches competitors and market conditions to develop and maintain risk selection criteria and methods that support sound risk management. Establishes financial control guidelines, tools, administrative standards, and best practices. In addition, Top Group Underwriting Executive requires a bachelor's degree. Typically requires Chartered Life Underwriter (CLU) certification or Fellow Life Management Institute (FLMI) designation. Typically reports to top management. The Top Group Underwriting Executive 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. Working as a Top Group Underwriting Executive typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function.

Underwriting Manager - Average Salary $130,258

Underwriting Manager manages daily operations of the underwriting process. Implements underwriting strategy and operational policies for product lines. Being an Underwriting Manager oversees the review and approval process for decisions and recommendations related to complex cases. Defines and establishes procedures for risk criteria, application and renewal, and acceptance and rejection. Additionally, Underwriting Manager develops underwriting team expertise with coaching, support and educational programs. Requires a bachelor's degree. Typically reports to a senior manager. The Underwriting Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be an Underwriting Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes.

Chief Group Underwriting Executive - Average Salary $257,075

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