How much does an Underwriter III make in Michigan? The average Underwriter III salary in Michigan is $93,290 as of February 26, 2024, but the range typically falls between $83,058 and $107,213. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

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Underwriter III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Underwriter III Salary $73,743 MI February 26, 2024
25th Percentile Underwriter III Salary $83,058 MI February 26, 2024
50th Percentile Underwriter III Salary $93,290 MI February 26, 2024
75th Percentile Underwriter III Salary $107,213 MI February 26, 2024
90th Percentile Underwriter III Salary $119,889 MI February 26, 2024
25% $83,058 10% $73,743 90% $119,889 75% $107,213 $93,290 50%(Median) Didn’t find job title? Click
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What skills does an Underwriter III need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.

Life Insurance: Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period

3.

Sales Support: The tasks, roles, and technology that exist within our organization to help our sales force close deals.

Customer Service 5.26%
Life Insurance 2.63%
Sales Support 1.32%
Others 90.79%

Job Description for Underwriter III

Underwriter III reviews and analyzes risk characteristics on insurance applications, renewals, and change requests. Utilizes underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages. Being an Underwriter III calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. Additionally, Underwriter III may coordinate with field agents to collect or clarify information or decisions. Typically requires a bachelor's degree or equivalent. Typically reports to a supervisor or manager. The Underwriter III work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be an Underwriter III typically requires 4-7 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Underwriter III in Michigan

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Location Avg. Salary Date Updated
Location Taylor, MI Avg. Salary $94,957 Date Updated February 26, 2024
Location Acme, MI Avg. Salary $88,646 Date Updated February 26, 2024
Location Ada, MI Avg. Salary $91,223 Date Updated February 26, 2024
Location Addison, MI Avg. Salary $95,030 Date Updated February 26, 2024
Location Adrian, MI Avg. Salary $93,398 Date Updated February 26, 2024
Location Afton, MI Avg. Salary $87,404 Date Updated February 26, 2024
Location Ahmeek, MI Avg. Salary $89,351 Date Updated February 26, 2024
Location Akron, MI Avg. Salary $87,505 Date Updated February 26, 2024
Location Alanson, MI Avg. Salary $87,404 Date Updated February 26, 2024
Location Alba, MI Avg. Salary $87,404 Date Updated February 26, 2024

Career Path for Underwriter III

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Underwriter III, the first career path typically starts with a Health Underwriting Manager position, and then Health Underwriting Director.

The second career path typically starts with a Life Underwriting Supervisor position, and then progresses to Life Underwriting Manager.

The third career path typically starts with an Underwriter (P/C) IV position, and then progresses to Property Casualty Underwriting Supervisor.

Additionally, the fourth career path typically starts with an Underwriter IV position, and then progresses to Underwriter V.

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Jobs with a similar salary range to Underwriter III : Construction Underwriter, Conventional Underwriter, Due Diligence Underwriter

Underwriter III Salary in Michigan
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