Head of Underwriting Salary in Madison, Wisconsin

How much does a Head of Underwriting make in Madison, WI?

As of May 01, 2025, the average annual salary for a Head of Underwriting in Madison, WI is $264,145. Salary.com reports that pay typically ranges from $227,853 to $309,029, with most professionals earning between $194,810 and $349,893.

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Salary range for a Head of Underwriting

$227,853 to $309,029

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Head of Underwriting

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Job Openings for Head of Underwriting in Madison, WI

What does a Head of Underwriting do?

Common responsibilities of a Head of Underwriting

Creates appropriate organizational structure to align the design, administration and delivery of learning solutions.

December 16, 2022

Resolve the most complex problems and questions by developing innovative solutions to meet client and organizational needs.

January 11, 2023

Track record of solving high stakes credit risk, loan-level pricing and consumer credit underwriting problems.

January 22, 2023

Drive step-change improvements in credit performance by connecting drivers of future consumer credit trends to historical behavior, creating risk models and testing hypotheses using rigorous monitoring and analysis.

February 01, 2023

Development of credit policy and improvement of underwriting processes by identifying step-change opportunities by studying historical account performance, testing hypothesis and generating rigorous analysis to support policy recommendations.

February 26, 2023

Sets and implements relative metrics to measure effectiveness of learning and on the job implementation of learnings.

March 02, 2023

Manages the identification of skill gaps within in the organization and actively recommendations solutions and initiatives to address.

April 03, 2023

Designs, develops, facilitates and implements specific learning and development activities that aid in the development of underwriting leadership/management.

April 19, 2023

Meets with Business leaders to confirm courses/curriculum needed and if delivery has met/is meeting expectations for development of underwriters/underwriting managers.

May 04, 2023

Actively engages with Heads of Technical Underwriting business units as well as Head of Portfolio Management for the enterprise to identify and address underwriting needs and skill gaps.

May 11, 2023

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Head of Underwriting Salary By Experience Levels in Madison, WI

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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.

Head of Underwriting Salary By Level of Education in Madison, WI

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LEVEL OF EDUCATION

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Average Salary Range for Head of Underwriting in Madison, WI

Average Base Salary

Core compensation

227853

309029

264145

Average Total Cash Compensation

Includes base and annual incentives

280539

452167

354431

What is the average salary for Head of Underwriting in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Head of Underwriting in Madison, WI. The base salary for Head of Underwriting ranges from $227,853 to $309,029 with the average base salary of $264,145. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $280,539 to $452,167 with the average total cash compensation of $354,431.

View Average Salary for Head of Underwriting as table

	Average Salary	Average Salary Range
Base Salary	$264,145	$227,853 - $309,029
Bonus	$90,285	$52,686 - $143,138
Total Pay	$354,431	$280,539 - $452,167

* 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.

Head of Underwriting Salary Near Madison, WI

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Madison, WI
CITY, STATE Janesville, WI	AVERAGE SALARY RANGE $223,343 - $302,912	COMPARE TO Madison, WI
CITY, STATE Rockford, IL	AVERAGE SALARY RANGE $222,765 - $302,128	COMPARE TO Madison, WI
CITY, STATE Waukesha, WI	AVERAGE SALARY RANGE $230,674 - $312,856	COMPARE TO Madison, WI
CITY, STATE Milwaukee, WI	AVERAGE SALARY RANGE $231,530 - $314,016	COMPARE TO Madison, WI
CITY, STATE Oshkosh, WI	AVERAGE SALARY RANGE $221,747 - $300,748	COMPARE TO Madison, WI
CITY, STATE Dubuque, IA	AVERAGE SALARY RANGE $218,301 - $296,074	COMPARE TO Madison, WI

See salaries for Head of Underwriting in locations close to Madison, WI. 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 Madison, Wisconsin

Madison is located in the center of Dane County in south-central Wisconsin, 77 miles (124 km) west of Milwaukee and 122 miles (196 km) northwest of Chicago. The city completely surrounds the smaller Town of Madison, the City of Monona, and the villages of Maple Bluff and Shorewood Hills. Madison shares borders with its largest suburb, Sun Prairie, and three other suburbs, Middleton, McFarland, and Fitchburg. Other suburbs include the city of Verona and the villages of Cottage Grove, DeForest, and Waunakee as well as Mount Horeb, Oregon, Stoughton, and Cross Plains among others. According to th...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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The Head of Underwriting 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 Madison, WI that might be a good fit for the type of job and salary you are looking for.

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