How much does an Underwriting Manager make in Michigan? The average Underwriting Manager salary in Michigan is $129,919 as of March 26, 2024, but the range typically falls between $112,574 and $152,163. 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.
Percentile | Salary | Location | Last Updated |
10th Percentile Underwriting Manager Salary | $96,782 | MI | March 26, 2024 |
25th Percentile Underwriting Manager Salary | $112,574 | MI | March 26, 2024 |
50th Percentile Underwriting Manager Salary | $129,919 | MI | March 26, 2024 |
75th Percentile Underwriting Manager Salary | $152,163 | MI | March 26, 2024 |
90th Percentile Underwriting Manager Salary | $172,415 | MI | March 26, 2024 |
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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.
Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
Mortgage Banking: Mortgage banking generally involves loan originations as well as purchases and sales of loans through the secondary mortgage market. A bank engaged in mortgage banking may retain or sell loans it originates or purchases from affiliates, brokers, or correspondents.
Wholesale: Buying and selling products in large quantities at a lower price to increase profitability through a high sales volume.
Underwriting Manager manages daily operations of the underwriting process. Implements underwriting strategy and operational policies for product lines. Being an Underwriting Manager oversees the review and approval process for decisions and recommendations related to complex cases. Defines and establishes procedures for risk criteria, application and renewal, and acceptance and rejection. Additionally, Underwriting Manager develops underwriting team expertise with coaching, support and educational programs. Requires a bachelor's degree. Typically reports to a senior manager. The Underwriting Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be an Underwriting Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)... View full job description
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Location | Avg. Salary | Date Updated |
---|---|---|
Location Taylor, MI | Avg. Salary $132,420 | Date Updated March 26, 2024 |
Location Acme, MI | Avg. Salary $123,864 | Date Updated March 26, 2024 |
Location Ada, MI | Avg. Salary $127,682 | Date Updated March 26, 2024 |
Location Addison, MI | Avg. Salary $132,289 | Date Updated March 26, 2024 |
Location Adrian, MI | Avg. Salary $130,314 | Date Updated March 26, 2024 |
Location Afton, MI | Avg. Salary $122,285 | Date Updated March 26, 2024 |
Location Ahmeek, MI | Avg. Salary $125,181 | Date Updated March 26, 2024 |
Location Akron, MI | Avg. Salary $122,417 | Date Updated March 26, 2024 |
Location Alanson, MI | Avg. Salary $122,285 | Date Updated March 26, 2024 |
Location Alba, MI | Avg. Salary $122,285 | Date Updated March 26, 2024 |
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 Underwriting Manager, the first career path typically progresses to Health Underwriting Director.
The second career path typically starts with a Life Underwriting Director position, and then progresses to Top Life Underwriting Executive.
The third career path typically starts with a Property Casualty Underwriting Director position, and then progresses to Top Property Casualty Underwriting Executive.
Additionally, the fourth career path typically starts with an Underwriting Senior Manager position, and then progresses to Underwriting Director.
Salary.com's CompAnalyst platform offers:
Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Health Underwriting Manager | Experience 5 + | EducationBachelors | Salary Compared to This Job |
Job Title Life Underwriting Director | Experience | EducationBachelors | Salary Compared to This Job |
Job Title Life Underwriting Manager | Experience 5 + | EducationBachelors | Salary Compared to This Job |
Job Title Loan Underwriting Manager | Experience | EducationBachelors | Salary Compared to This Job |
Job Title Mortgage Underwriting Manager | Experience 5 + | EducationBachelors | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Underwriting Manager salary of your education level.
Underwriting Manager salary varies from country to country. There are several factors that mainly impact the Underwriting Manager salary, including cost of living, economic conditions, market rates and legal differences. Click below to Underwriting Manager salary of the other country.
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries. Underwriting Manager salary varies from category to category. Click below to see Underwriting Manager salary in different categories.
About Michigan Michigan consists of two peninsulas that lie between 82°30' to about 90°30' west longitude, and are separated by the Straits of Mackinac. The 45th par....More
Skills associated with Underwriting Manager: Underwriting & Rating Software, Staff Coaching/Training, Insurance Regulatory Guidelines, Contract Review ...More
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Jobs with a similar salary range to Underwriting Manager : Regional Underwriting Manager
Salary estimation for Underwriting Manager at companies like : M Financial Services Inc, K T Optical Inc, Phillips Automotive Inc