How Much Does a Commercial Surety Underwriter Make in Sioux Falls, SD?

Updated December 01, 2024
As of December 01, 2024, the average annual pay of Commercial Surety Underwriter in Sioux Falls, SD is $58,141. While Salary.com is seeing that Commercial Surety Underwriter salary in Sioux Falls, SD can go up to $99,577 or down to $38,804, but most earn between $48,019 and $79,830. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, and your experience levels. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Commercial Surety Underwriter
Surety Underwriter
$62,262
Sioux Falls, SD
Per Year
Contract Surety Underwriter
$56,941
Sioux Falls, SD
Per Year
Senior Underwriter, Surety
$52,013
Sioux Falls, SD
Per Year
Surety Bond Underwriter
$65,557
Sioux Falls, SD
Per Year
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Similar Job Salaries to Commercial Surety Underwriter by Company

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Company average base salary in (usd) range
Arch Insurance Group Inc.
Senior Underwriter, Commercial Surety
$103,875/yr
$87,205
$120,546
RANGE: $87,205 - $120,546
WAHVE LLC
Commercial Surety Bond Underwriter - REMOTE
$70,921/yr
$62,521
$79,321
RANGE: $62,521 - $79,321
FBL Financial Group, Inc.
Commercial Marketing Underwriter
$68,146/yr
$58,792
$77,500
RANGE: $58,792 - $77,500
WAHVE LLC
Commercial Lines Underwriter - REMOTE
$67,360/yr
$59,382
$75,338
RANGE: $59,382 - $75,338
Crum & Forster
Executive Underwriter - Contract Surety
$116,195/yr
$100,279
$132,111
RANGE: $100,279 - $132,111
Avalon Risk Management
Surety Underwriter (Insurance)
$98,288/yr
$83,951
$112,624
RANGE: $83,951 - $112,624
IAT Insurance Group, Inc.
Contract Surety Underwriter Trainee
$80,248/yr
$70,373
$90,123
RANGE: $70,373 - $90,123
AmTrust Financial
Executive Underwriter, Surety
$100,739/yr
$85,655
$115,824
RANGE: $85,655 - $115,824
Continental Casualty Company
Surety Field Underwriting Data Associate
$66,008/yr
$58,543
$73,474
RANGE: $58,543 - $73,474

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What Does a Commercial Surety Underwriter Do?

Where There’s a Will, Surety Can Guide Your Way: Meet ORSC’s Senior Contract Underwriter - Matt Payment.
Updated December 05, 2021
With surety underwriting, the underwriter is making the determination of whether to extend what can be viewed as a line of credit to a principal.
Updated October 17, 2021
If new to the surety underwriting profession, you train with senior underwriters to learn the ropes, and typically start out with simple, uncomplicated client applications.
Updated October 07, 2021
Aside from a bonds claim history outlined above, a surety underwriter will carefully review the applicant’s qualifications.
Updated October 04, 2021
Two to three years of experience in insurance, risk management, claims analysis or related work provides a strong background for employment as a surety underwriter.
Updated September 27, 2021

Frequently Asked Questions About a Commercial Surety Underwriter Salaries

What is the average of a Commercial Surety Underwriter in Sioux Falls, SD?

The Commercial Surety Underwriter salary range is from $48,019 to $79,830, and the average Commercial Surety Underwriter salary is $58,141/year in Sioux Falls, SD. The Commercial Surety Underwriter's salary will change in different locations.

Which location pays the highest Commercial Surety Underwriter salary in the United States?

The Commercial Surety Underwriter salary in San Jose, CA is $80,359 which is the highest in the US.

What kinds of reasons will influence the Commercial Surety Underwriter's salary?

Besides the location, employees' education degree, related skills, and work experience also will influence the salary. Try to improve your skills and experience to get a higher salary for the position of Commercial Surety Underwriter.

What is the growth rate of the Commercial Surety Underwriter's salary?

If you are thinking of becoming a Commercial Surety Underwriter or planning the next step in your career, find the detailed salary report of a Commercial Surety Underwriter.