How much does a Small Commercial Underwriter Trainee make in Chicago, IL? The average Small Commercial Underwriter Trainee salary in Chicago, IL is $64,834 as of April 24, 2024, but the salary range typically falls between $58,903 and $74,125. 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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What is a Small Commercial Underwriter Trainee?

As a Small Commercial Underwriter Trainee, you will be responsible for learning and understanding the underwriting process for small commercial insurance policies. This will involve reviewing and analyzing insurance applications, assessing risk factors, and determining appropriate coverage and pricing for small businesses. You will work closely with experienced underwriters to develop your skills in evaluating and selecting risks, as well as building relationships with agents and brokers. Additionally, you will be expected to stay updated on industry trends and regulations to ensure accurate and compliant underwriting decisions. This role requires strong analytical and communication skills, as well as the ability to work effectively in a fast-paced and dynamic environment.

See user submitted job responsibilities for Small Commercial Underwriter Trainee.

Job Openings for Small Commercial Underwriter Trainee in Chicago, IL
Position The Small Business department has an opening, starting July 1, 2024, for someone who can demonstrate the WCF values to join their team as a full-time Associate Underwriter Trainee . This ...
ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 18 days ago
First Insurance Company of Hawaii - Honolulu , HI
Underwriting Trainee: * 4 year college degree or equivalent work experience * Proficient in ... Minimum 6 months of multi-line Commercial Underwriting experience * Basic understanding in at least ...
LinkedIn - 19 days ago
Stellantis Financial Services US - Dallas , TX
... a small to midsize company in just a few years. Join our world class team and culture and ... Job Summary The Automotive Commercial Underwriter will complete financial analysis for floorplan ...
LinkedIn - 26 days ago
We're an innovative organization that's small enough to be agile and big enough to make a ... Underwrite and analyze new business and renewal submissions for our private commercial line of ...
ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 88 days ago
American National Bank & Trust - Fort Worth , TX
... of the bank's Small Business Administration (SBA) 7(a) and 504 loan portfolio. Primary ... Minimum of 3-5 years of banking experience with prior SBA or Commercial Lending underwriting ...
ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 32 days ago
Pro Coffee Gear - Austin , TX
Warehouse Support Associate | Tech Trainee About us Pro Coffee Gear is a rapidly growing commercial ... Organizing, tracking, packing, and fulfilling espresso machine and small pack shipments * Receiving ...
ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 16 days ago
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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.
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LEVEL OF EDUCATION

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Average Base Salary

Core compensation

 
 
 
58903
74125
64834

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
61341
78375
67247
What is the average salary for Small Commercial Underwriter Trainee in 2024?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Small Commercial Underwriter Trainee in Chicago, IL. The base salary for Small Commercial Underwriter Trainee ranges from $58,903 to $74,125 with the average base salary of $64,834. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $61,341 to $78,375 with the average total cash compensation of $67,247.
Average Salary Average Salary Range
Base Salary $64,834 $58,903 - $74,125
Bonus $2,413 $2,438 - $4,250
Total Pay $67,247 $61,341 - $78,375
* 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.
CITY, STATE AVERAGE SALARY RANGE COMPARE TO Chicago, IL
CITY, STATE Cicero, IL AVERAGE SALARY RANGE $59,234 - $74,542 COMPARE TO Chicago, IL
CITY, STATE Oak Park, IL AVERAGE SALARY RANGE $59,234 - $74,542 COMPARE TO Chicago, IL
CITY, STATE Oak Lawn, IL AVERAGE SALARY RANGE $59,167 - $74,457 COMPARE TO Chicago, IL
CITY, STATE Evanston, IL AVERAGE SALARY RANGE $59,212 - $74,513 COMPARE TO Chicago, IL
CITY, STATE Skokie, IL AVERAGE SALARY RANGE $59,212 - $74,513 COMPARE TO Chicago, IL
CITY, STATE Arlington Heights, IL AVERAGE SALARY RANGE $57,886 - $72,845 COMPARE TO Chicago, IL
See salaries for Small Commercial Underwriter Trainee 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.
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JOB TITLE LOCATION MINIMUM SALARY MAXIMUM SALARY
JOB TITLE Small Commercial Underwriter LOCATION Chicago, IL MINIMUM SALARY $51,985 MAXIMUM SALARY $67,993
JOB TITLE Commercial Lines Underwriter Trainee LOCATION Chicago, IL MINIMUM SALARY $65,385 MAXIMUM SALARY $84,275
JOB TITLE Small Business Underwriter LOCATION Chicago, IL MINIMUM SALARY $57,931 MAXIMUM SALARY $73,601
JOB TITLE Underwriter Trainee LOCATION Chicago, IL MINIMUM SALARY $57,931 MAXIMUM SALARY $73,601
JOB TITLE Commercial Underwriter LOCATION Chicago, IL MINIMUM SALARY $53,301 MAXIMUM SALARY $66,393
JOB TITLE Small Commercial Underwriting Technician LOCATION Chicago, IL MINIMUM SALARY $49,789 MAXIMUM SALARY $61,889
The Small Commercial Underwriter Trainee 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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58903
74125

 

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

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