Head of Underwriting Salary in Worcester, MA

How much does a Head of Underwriting make?

As of December 01, 2024, the average annual pay of Head of Underwriting in Worcester, MA is $279,602. While Salary.com is seeing that Head of Underwriting salary in Worcester, MA can go up to $370,379 or down to $206,207, but most earn between $241,184 and $327,118. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Head of Underwriting in the United States.

Search Head of Underwriting Jobs in Worcester, MA

Develop a Job description

Pay Equity

2024 Compensation Trend

Benefits Consulting

Salary range for a Head of Underwriting

$241,184 to $327,118

Employers: Find Surveys For This Job

Employers: Price Your Company Jobs

View Average Salary for United States
Adjust Head of Underwriting Salary:
Select State
Select City in MA
Choose Similar Job
Pick Related Category
View Cost of Living in Worcester, Massachusetts

Facing Salary Structure Challenges? Let Our Expert Guide You

The job market is increasingly challenging. Our whitepaper, Navigating the Challenges of Creating Salary Structures, offers guidance on creating salary structures. Provide your phone number and work email to download the full version.

We will handle your contact details in line with our Privacy Policy. If you prefer not to receive marketing emails from Salary.com, you can opt-out out of marketing communications at any time by clicking unsubscribe.

Head of Underwriting

Review the job openings and experience requirements for the Head of Underwriting job to confirm that it is the job you are seeking.

See user submitted job responsibilities for Head of Underwriting.

Search Head of Underwriting Job Openings

Job Openings for Head of Underwriting in Worcester, MA

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

Submit Other Responsibilities

Not the job you're looking for? Search more salaries here:

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

Detailed skills and competency reports for specific positions
Job and employee pricing reports
Compensation data tools, salary structures, surveys and benchmarks.

Learn about

Head of Underwriting Salary By Experience Levels in Worcester, MA

How much should you be earning in Head of Underwriting in Worcester, MA based on your current experience?

Tell us how much experience you have and see an estimate of earnings and view how different experience leavels impact potential pay for Head of Underwriting in Worcester, MA

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 Worcester, MA

Do you know how much should you be paid for a Head of Underwriting position in Worcester, MA based on your education level?

Tell us about your education and see an estimate of earnings for Head of Underwriting in Worcester, MA and well to know the impact of education on future careers.

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 Head of Underwriting in Worcester, MA

Average Base Salary

Core compensation

241184

327118

279602

Average Total Cash Compensation

Includes base and annual incentives

296969

478662

375206

What is the average salary for Head of Underwriting in 2024?

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 Worcester, MA. The base salary for Head of Underwriting ranges from $241,184 to $327,118 with the average base salary of $279,602. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $296,969 to $478,662 with the average total cash compensation of $375,206.

View Average Salary for Head of Underwriting as table

	Average Salary	Average Salary Range
Base Salary	$279,602	$241,184 - $327,118
Bonus	$95,604	$55,784 - $151,544
Total Pay	$375,206	$296,969 - $478,662

* 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 Worcester, MA

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Worcester, MA
CITY, STATE Leominster, MA	AVERAGE SALARY RANGE $240,718 - $326,486	COMPARE TO Worcester, MA
CITY, STATE Fitchburg, MA	AVERAGE SALARY RANGE $243,733 - $330,575	COMPARE TO Worcester, MA
CITY, STATE Framingham, MA	AVERAGE SALARY RANGE $248,729 - $337,350	COMPARE TO Worcester, MA
CITY, STATE Newton, MA	AVERAGE SALARY RANGE $257,576 - $349,350	COMPARE TO Worcester, MA
CITY, STATE Woonsocket, RI	AVERAGE SALARY RANGE $240,496 - $326,185	COMPARE TO Worcester, MA
CITY, STATE Medford, MA	AVERAGE SALARY RANGE $257,576 - $349,350	COMPARE TO Worcester, MA

See salaries for Head of Underwriting in locations close to Worcester, MA. 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 Worcester, Massachusetts

Worcester has a total area of 38.6 square miles (100 km2), 37.6 square miles (97 km2) of land and 1.0 square mile (2.6 km2) (roughly 2.59%) of water. Worcester is bordered by the towns of Auburn, Grafton, Holden, Leicester, Millbury, Paxton, Shrewsbury, and West Boylston. Worcester is known as the Heart of the Commonwealth, because of its proximity to the center of Massachusetts. The city is about 40 miles (64 km) west of Boston, 50 miles (80 km) east of Springfield, and 38 miles (61 km) northwest of Providence, Rhode Island. The Blackstone River forms in the center of Worcester by the conflue...

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

View Salary for Similar Jobs to Head of Underwriting in Worcester, MA

See Additional Similar Jobs

Loading results...

JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Underwriting Supervisor	LOCATION Worcester, MA	MINIMUM SALARY $101,154	MAXIMUM SALARY $137,695
JOB TITLE Life Underwriting Manager	LOCATION Worcester, MA	MINIMUM SALARY $125,441	MAXIMUM SALARY $158,851
JOB TITLE Chief Underwriting Officer	LOCATION Worcester, MA	MINIMUM SALARY $273,176	MAXIMUM SALARY $390,026
JOB TITLE Vice President of Underwriting	LOCATION Worcester, MA	MINIMUM SALARY $273,180	MAXIMUM SALARY $390,030
JOB TITLE Mortgage Underwriting Manager	LOCATION Worcester, MA	MINIMUM SALARY $94,047	MAXIMUM SALARY $132,339
JOB TITLE Life Underwriting Supervisor	LOCATION Worcester, MA	MINIMUM SALARY $111,468	MAXIMUM SALARY $132,839

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 Worcester, MA that might be a good fit for the type of job and salary you are looking for.

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

241184

327118

About Worcester, Massachusetts Worcester has a total area of 38.6 square miles (100 km2), 37.6 square miles (97 km2) of land and 1.0 square mile (2.6 km2) (roughly 2.59%) of water. ....More

Worcester, Massachusetts area prices were up 1.6% from a year ago

Head of Underwriting Salary in popular cities: Boston, Springfield, Lowell

Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role

Jobs with a similar salary range to Head of Underwriting : Cosmetic Dermatologist