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Underwriter III Commercial Salary in District of Columbia

How Much Does an Underwriter III Commercial make?

Underwriter III Commercial made a median salary around $108,237 in December, 2024. The best-paid 25 percent made $124,454 probably that year, while the lowest-paid 25 percent made around $96,347. 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.
Salary Salary + Bonus Benefits
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25% $96,347 10% $85,523 90% $139,219 75% $124,454 $108,237 50%(Median)
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Check out Underwriter III Commercial jobs in District of Columbia

Case Underwriter III

Trustmark - Washington, DC

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Finance Domain Engineer (ETS Engineer III)

Navy Federal Credit Union - PENSACOLA, FL

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Commercial Accounts Middle Market Senior Underwriter

The Travelers Companies, Inc. - WALNUT CREEK, CA

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Best-Paying Cities for Underwriter III Commercial

The metropolitan areas that pay the highest salary in the Underwriter III Commercial profession are Naval Anacost Annex , Parcel Return Service , Washington , Washington Navy Yard .
Naval Anacost Annex, DC $108,237
Parcel Return Service, DC $108,237
Washington, DC $108,237
Washington Navy Yard, DC $108,237

Best-Paying States for Underwriter III Commercial

The states and districts that pay Underwriter III Commercial 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 Underwriter III Commercial?

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

Frequently Asked Questions for Underwriter III Commercial

Q: What is the salary range of Underwriter III Commercial in District of Columbia?
A: In 2024 , the lowest-paid Underwriter III Commercial in District of Columbia earned an average annual salary of $96,347 , while the highest-paid made $124,454.
Q: What is the salary for an Underwriter III Commercial in California?
A: Underwriter III Commercial employed in California earned an average salary of $107,264 in 2024.

Average Underwriter III Commercial Pay vs. Other Jobs

Underwriter III Commercial earned an average salary of $108,237 in 2024. Other jobs related to Underwriter III Commercial earned the following average salary in December, 2024. Underwriter III made $107,044 , Commercial Underwriter made $63,900 , Senior Commercial Underwriter and Commercial Lines Underwriter made $66,583 and $86,747 respectively .

Relevant Jobs of Underwriter III Commercial

Underwriter III - Average Salary $107,044
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.
Commercial Underwriter - Average Salary $63,900
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 $66,583
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 $86,747
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 $69,942
There is currently no job description for Commercial Credit Underwriter, be the first to submit the job responsibilities for Commercial Credit Underwriter.
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