Junior Underwriter Salary in Chicago, IL

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How much does a Junior Underwriter make in Chicago, IL? The average Junior Underwriter salary in Chicago, IL is $63,535 as of March 26, 2024, but the salary range typically falls between $55,157 and $74,661. 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.

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Salary range for a Junior Underwriter

$55,157 to $74,661

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Junior Underwriter

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Job Openings for Junior Underwriter in Chicago, IL

Jr. Underwriter

Quantum Electronic Payments - Anaheim , CA

The Jr. Underwriter is responsible for reviewing individual applications for merchant services to evaluate the degree of risk involved and to determine the acceptance of applications. ESSENTIAL ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 43 days ago

Junior Underwriter

StevenDouglas - Miami , FL

Our client in Miami, FL has immediate opportunities for Junior Underwriters. This team supports B2B loans and can offer a chance to grow within the organization. They are able to hire and train entry ...

LinkedIn - 30 days ago

Junior Underwriter

M/I Homes - Columbus , OH

Duties and Responsibilities Provides back-up support to the underwriting staff by performing the following tasks: * Communicates with Branch Managers and Loan Officers regarding questions and ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 3 days ago

Junior Underwriter / B Paper

Kalamata Capital Group, LLC. - New York , NY

We are looking for an individual interested in underwriting, specifically pricing, to join our team. This person must have one or more years of experience in Merchant Cash Advances. A strong emphasis ...

ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 30 days ago

Medical Insurance Underwriter

Contemporary Staffing Solutions - Philadelphia , PA

Utilize supporting documentation for analysis and make recommendations internally to underwriting management and/or sales based on established authority levels. * Assist junior underwriters in ...

ZipRecruiter - 15 days ago

Underwriter Consultant

Unum - Chattanooga , TN

Act as a technical resource for junior underwriters and provide developmental feedback on case level decisions within the context of a mentoring relationship * Act as a mentor and coach, providing ...

ZipRecruiter - 18 days ago

What does a Junior Underwriter do?

Common responsibilities of a Junior Underwriter

Review all underwriting information to include applications, photographs, elevation certificates and third-party internet resources to correctly underwrite the policy.

February 04, 2023

Acts as backup for Loan Document Department including reviewing all executed loan documentation for the purpose of preparing funding package for Funding Department.

March 07, 2023

Runs pre-defined statistical reports for underwriting managers and sets up and issues policies per underwriter instructions.

April 04, 2023

Communicate orally and in writing the factors to determine underwriting decisions to both internal and external customers and partners.

April 05, 2023

Enters new business applications, initiates renewal application processes, processes term letters and distributes applications to support the underwriting process.

April 13, 2023

Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training.

April 27, 2023

Assist in additional tasks as needed, including exception tracking and clearing, preparing and/or testing client covenant compliance, and assisting in the preparation and monitoring of ongoing financial and collateral reporting requirements.

May 09, 2023

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Junior Underwriter Salary By Experience Levels in Chicago, IL

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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.

Junior Underwriter Salary By Level of Education in Chicago, IL

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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 Junior Underwriter in Chicago, IL

Average Base Salary

Core compensation

55157

74661

63535

Average Total Cash Compensation

Includes base and annual incentives

56982

78208

65851

What is the average salary for Junior Underwriter in 2024?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Junior Underwriter in Chicago, IL. The base salary for Junior Underwriter ranges from $55,157 to $74,661 with the average base salary of $63,535. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $56,982 to $78,208 with the average total cash compensation of $65,851.

View Average Salary for Junior Underwriter as table

	Average Salary	Average Salary Range
Base Salary	$63,535	$55,157 - $74,661
Bonus	$2,316	$1,825 - $3,547
Total Pay	$65,851	$56,982 - $78,208

* 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.

Junior Underwriter Salary Near Chicago, IL

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Chicago, IL
CITY, STATE Cicero, IL	AVERAGE SALARY RANGE $55,467 - $75,081	COMPARE TO Chicago, IL
CITY, STATE Oak Park, IL	AVERAGE SALARY RANGE $55,467 - $75,081	COMPARE TO Chicago, IL
CITY, STATE Oak Lawn, IL	AVERAGE SALARY RANGE $55,404 - $74,996	COMPARE TO Chicago, IL
CITY, STATE Evanston, IL	AVERAGE SALARY RANGE $55,446 - $75,053	COMPARE TO Chicago, IL
CITY, STATE Skokie, IL	AVERAGE SALARY RANGE $55,446 - $75,053	COMPARE TO Chicago, IL
CITY, STATE Arlington Heights, IL	AVERAGE SALARY RANGE $54,205 - $73,372	COMPARE TO Chicago, IL

See salaries for Junior Underwriter in locations close to Chicago, IL. 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 Chicago, Illinois

Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third most populous city in the United States. With an estimated population of 2,716,450 (2017), it is the most populous city in the Midwest. Chicago is the principal city of the Chicago metropolitan area, often referred to as Chicagoland, and the county seat of Cook County, the second most populous county in the United States. The metropolitan area, at nearly 10 million people, is the third-largest in the United States, and the fourth largest in North A...

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

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The Junior 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 Chicago, IL that might be a good fit for the type of job and salary you are looking for.

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55157

74661

About Chicago, Illinois Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third mos....More

Chicago, Illinois area prices were up 0.8% from a year ago

Junior Underwriter Salary in popular cities: Aurora, Rockford, Joliet

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