Jumbo Underwriter Salary in Illinois
How Much Does a Jumbo Underwriter make?
Jumbo Underwriter made a median salary around $76,854 in December, 2024.
The best-paid 25 percent made $88,739 probably that year, while the lowest-paid 25 percent made around $68,743.
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
Jumbo Underwriter
jobs in
Illinois
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Best-Paying Cities for Jumbo Underwriter
The metropolitan areas that pay the highest salary in the Jumbo Underwriter profession are Bedford Park
, Berwyn
, Broadview
, Brookfield
, Chicago
.
| Bedford Park, IL | $78,807 |
| Berwyn, IL | $78,807 |
| Broadview, IL | $78,807 |
| Brookfield, IL | $78,807 |
| Chicago, IL | $78,807 |
Best-Paying States for Jumbo Underwriter
The states and districts that pay Jumbo Underwriter the highest salary are District of Columbia (around $83,616)
, California (around $82,864)
, New Jersey (around $82,338)
, Alaska (around $81,813)
, and Massachusetts (around $81,737)
.
| District of Columbia | $83,616 |
| California | $82,864 |
| New Jersey | $82,338 |
| Alaska | $81,813 |
| Massachusetts | $81,737 |
What is the Career Path of Jumbo Underwriter?
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 Jumbo Underwriter, the first career path typically starts with a Health Underwriter, Sr. position , and then progresses to Health Underwriting Director.
The second career path typically starts with an Underwriter (Life) III position , and then progresses to Life Underwriting Director.
The third career path typically starts with an Underwriter (P/C) III position , and then progresses to Property Casualty Underwriting Director.
Additionally, the fourth career path typically starts with an Underwriter III position , and then progresses to Chief Underwriting Officer.
Besides, Jumbo Underwriter can also turn to other related jobs, including
Underwriter
,
Underwriter I
,
Underwriter II
and
Underwriter III
.
Frequently Asked Questions for Jumbo Underwriter
Q:
What is the salary range of Jumbo Underwriter in Illinois?
A:
In 2024
, the lowest-paid Jumbo Underwriter in Illinois earned an average annual salary of $68,743
, while the highest-paid made $88,739.
Q:
What is the salary for a Jumbo Underwriter in California?
A:
Jumbo Underwriter employed in California earned an average salary of $82,864 in 2024.
Average Jumbo Underwriter Pay vs. Other Jobs
Jumbo Underwriter earned an average salary of $76,854 in 2024.
Other jobs related to Jumbo Underwriter earned the following average salary in December, 2024.
Underwriter
made $99,484
,
Underwriter I
made $63,672
,
Underwriter II
and
Underwriter III
made $75,980
and $98,388 respectively
.
Relevant Jobs of Jumbo Underwriter
There is currently no job description for Underwriter, be the first to
submit
the job responsibilities for Underwriter.
Underwriter I 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 I calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. Additionally, Underwriter I 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 I work is closely managed. Works on projects/matters of limited complexity in a support role. To be an Underwriter I typically requires 0-2 years of related experience.
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.
Underwriter III 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 III calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. Additionally, Underwriter III 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 III work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be an Underwriter III typically requires 4-7 years of related experience.
Underwriter IV 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 IV calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. Additionally, Underwriter IV 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 IV work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. To be an Underwriter IV typically requires 7+ years of related experience.