Commercial Underwriter Salary in Independence, MO
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How much does a Commercial Underwriter make in Independence, MO? The average Commercial Underwriter salary in Independence, MO is $55,389 as of May 28, 2024, but the salary range typically falls between $49,810 and $62,045. 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 range for an Commercial Underwriter
$49,810 to $62,045
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Commercial Underwriter
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What does a Commercial Underwriter do?
Common responsibilities of a Commercial Underwriter
Develop a thorough understanding of all Constructive Loans product and program underwriting guidelines, documentation requirements and processing, underwriting, closing and post-closing procedures.
November 09, 2022
Handle underwriting decisions on new business, renewals and referrals that fall outside the guidelines and within delegated authority levels.
February 06, 2023
Provides support to Commercial Bankers, Bank executives, loan officers, retail bankers, loan administrators and/or process administrators by answering queries and providing training on basic lending issues.
February 19, 2023
Monitor exposure of individual risks by the review of pictures, inspections, claims, consumer reports, renewal surveys, audits and communications with Farm Bureau Insurance agents.
March 22, 2023
Demonstrated knowledge of commercial lines underwriting, risk management and agency management to include technical principles of rating and pricing commercial lines business based upon individual risk criteria to promote underwriting profitability.
April 04, 2023
Prepares business case memos and participates in business case discussions, subsequent meetings with bank management, industry specialists, and other interested parties.
April 07, 2023
Evaluates strengths and weaknesses of the credit and escalates risks and other issues to MCU and/or RM or PM (Portfolio Manager).
April 16, 2023
Understands and uses financial information, tools and expense management principles to accomplish day-to-day work and maximize profitability.
April 28, 2023
Review and analyze all documents within or associated with the underwriting file to establish accuracy in identification and minimizing the risk of exposure, utilizing change requests, claim information, loss control and outside databases to identify changes in exposure to risk.
May 21, 2023
Assist Commercial Relationship Managers (RMs) in managing workflow via a pipeline process with regard to the prioritization of new prospects, modifications, renewals/upcoming maturities, as well as Portfolio Reviews and Special Asset Reports while developing a working knowledge of all prospective opportunities through the process.
May 21, 2023
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Commercial Underwriter Salary By Experience Levels in Independence, MO
How much should you be earning in Commercial Underwriter in Independence, MO based on your current experience?
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RELEVANT JOB EXPERIENCE
Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.
Commercial Underwriter Salary By Level of Education in Independence, MO
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LEVEL OF EDUCATION
Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.
Average Salary Range for Commercial Underwriter in Independence, MO
Average Base Salary
Core compensation
49810
62045
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Commercial Underwriter in 2024?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Underwriter in Independence, MO. The base salary for Commercial Underwriter ranges from $49,810 to $62,045 with the average base salary of $55,389. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $52,055 to $64,722 with the average total cash compensation of $57,466.
View Average Salary for Commercial Underwriter as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $55,389 | $49,810 - $62,045 |
| Bonus | $2,077 | $2,245 - $2,677 |
| Total Pay | $57,466 | $52,055 - $64,722 |
* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.
* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.
Commercial Underwriter Salary Near Independence, MO
| CITY, STATE | AVERAGE SALARY RANGE | COMPARE TO Independence, MO |
|---|---|---|
| CITY, STATE Kansas City, MO | AVERAGE SALARY RANGE $49,947 - $62,216 | COMPARE TO Independence, MO |
| CITY, STATE Blue Springs, MO | AVERAGE SALARY RANGE $49,757 - $61,980 | COMPARE TO Independence, MO |
| CITY, STATE Kansas City, KS | AVERAGE SALARY RANGE $49,937 - $62,204 | COMPARE TO Independence, MO |
| CITY, STATE Lees Summit, MO | AVERAGE SALARY RANGE $49,757 - $61,980 | COMPARE TO Independence, MO |
| CITY, STATE Overland Park, KS | AVERAGE SALARY RANGE $49,789 - $62,020 | COMPARE TO Independence, MO |
| CITY, STATE Shawnee, KS | AVERAGE SALARY RANGE $49,789 - $62,020 | COMPARE TO Independence, MO |
See salaries for Commercial Underwriter in locations close to Independence, MO. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.
About Independence, Missouri
Independence is the fifth-largest city in the U.S. state of Missouri. It lies within Jackson County, of which it is the county seat. Independence is a satellite city of Kansas City, Missouri, and is part of the Kansas City metropolitan area. In 2010, it had a total population of 116,830.
Independence is known as the "Queen City of the Trails" because it was a point of departure for the California, Oregon, and Santa Fe Trails. Independence was also the hometown of U.S. President Harry S. Truman; the Truman Presidential Library and Museum is located in the city, and Truman and First Lady Bes...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
View Salary for Similar Jobs to Commercial Underwriter in Independence, MO
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| JOB TITLE | LOCATION | MINIMUM SALARY | MAXIMUM SALARY |
|---|---|---|---|
| JOB TITLE Senior Commercial Underwriter | LOCATION Independence, MO | MINIMUM SALARY $51,493 | MAXIMUM SALARY $65,424 |
| JOB TITLE Commercial Lines Underwriter | LOCATION Independence, MO | MINIMUM SALARY $67,272 | MAXIMUM SALARY $86,703 |
| JOB TITLE Commercial Credit Underwriter | LOCATION Independence, MO | MINIMUM SALARY $55,048 | MAXIMUM SALARY $69,274 |
| JOB TITLE Commercial Field Underwriter | LOCATION Independence, MO | MINIMUM SALARY $84,392 | MAXIMUM SALARY $108,941 |
| JOB TITLE Commercial Loan Underwriter | LOCATION Independence, MO | MINIMUM SALARY $83,918 | MAXIMUM SALARY $113,193 |
| JOB TITLE Commercial Insurance Underwriter | LOCATION Independence, MO | MINIMUM SALARY $124,122 | MAXIMUM SALARY $172,752 |
The Commercial Underwriter job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Independence, MO that might be a good fit for the type of job and salary you are looking for.
About Independence, Missouri Independence is the fifth-largest city in the U.S. state of Missouri. It lies within Jackson County, of which it is the county seat. Independence is....More
Independence, Missouri area prices were up 1.7% from a year ago
Commercial Underwriter Salary in popular cities: Kansas City, Saint Louis, Springfield
Recently searched related titles: Item Writer, Under Writer, Political Writer
Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role
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