What is the average Group Underwriter Iii salary for Chicago, IL?
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As of March 26, 2024, the average Group Underwriter Iii salary in Chicago, IL is $95,145. The chart below represents localized salaries for some of our most popular Group Underwriter Iii job titles in Chicago, IL. Salaries can vary greatly depending on numerous factors, including position, location, years of experience, and level of education. Salary.com’s team of Certified Compensation Professionals analyzed survey data collected from thousands of HR departments at companies of all sizes and industries to compile a range of salaries for various Group Underwriter Iii job titles in Chicago, IL. Apply your personal criteria to one of the job titles below to get your personalized salary estimate.
Group Underwriter Iii Salaries in Chicago, IL
| Job Title | Salary | Hourly Rate | Location | Date Updated |
| Underwriter III | $99,510 | $47.84 | Chicago, IL | March 26, 2024 |
| Underwriter (Life) III | $102,228 | $49.15 | Chicago, IL | March 26, 2024 |
| Mortgage Underwriter III | $92,487 | $44.46 | Chicago, IL | March 26, 2024 |
| Underwriter I | $64,375 | $30.95 | Chicago, IL | March 26, 2024 |
| Underwriter II | $76,848 | $36.95 | Chicago, IL | March 26, 2024 |
| Underwriter IV | $118,595 | $57.02 | Chicago, IL | March 26, 2024 |
| Underwriter (Life) I | $58,943 | $28.34 | Chicago, IL | March 26, 2024 |
| Underwriter (P/C) III | $100,040 | $48.10 | Chicago, IL | March 26, 2024 |
| Mortgage Underwriter I | $63,070 | $30.32 | Chicago, IL | March 26, 2024 |
| Mortgage Underwriter II | $75,978 | $36.53 | Chicago, IL | March 26, 2024 |
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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. Calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. 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. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4-7 years of related experience. Underwriter III Salaries in Chicago, ILAlternate Job Titles:Group Insurance Underwriter III, Senior Group Underwriter, Underwriter IIICategory : Insurance
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Reviews medical, occupational, financial, and legal information to select or reject individual or group life insurance applications. Calculates rates and premiums from approved decrement tables. Approves or denies applications on own discretion. Typically requires a bachelor's degree. Typically reports to a manager. Contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. Typically requires 4 to 7 years of related experience. Underwriter (Life) III Salaries in Chicago, ILAlternate Job Titles:Life Insurance Underwriter III, Senior Underwriter (Life), Underwriter (Life) IIICategory : Insurance
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Underwrites mortgage loan applications and evaluates loans in order to maximize organizational profit and minimize risk or loss. Monitors property appraisal process and assists with property inspections. Assesses risks to determine approval status. May require a bachelor's degree. Typically reports to a supervisor or manager. Contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. Typically requires 4 to 7 years of related experience. Mortgage Underwriter III Salaries in Chicago, ILAlternate Job Titles:Senior Mortgage Underwriter, Mortgage Underwriter III
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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. Calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. 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. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience. Underwriter I Salaries in Chicago, ILAlternate Job Titles:Entry Group Underwriter, Group Insurance Underwriter I, Underwriter ICategory : Insurance
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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. Calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. 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. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2-4 years of related experience. Underwriter II Salaries in Chicago, ILAlternate Job Titles:Group Insurance Underwriter II, Intermediate Group Underwriter, Underwriter IICategory : Insurance
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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. Calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. 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. Work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. Typically requires 7+ years of related experience. Underwriter IV Salaries in Chicago, ILCategory : Insurance
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Reviews medical, occupational, financial, and legal information to select or reject individual or group life insurance applications. Calculates rates and premiums from approved decrement tables. May have contact with the field force for information on which to base decisions. May require a bachelor's degree. Typically reports to a supervisor or manager. Works on projects/matters of limited complexity in a support role. Work is closely managed. Typically requires 0-2 years of related experience. Underwriter (Life) I Salaries in Chicago, ILAlternate Job Titles:Entry Underwriter (Life), Life Insurance Underwriter I, Underwriter (Life) I
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Analyzes and reviews inspection reports, location, risk, credit reports, etc. to accept or reject renewal/new property and casualty policy applications. Decides on appropriate premium rates and issues coverage. Provides customer services regarding underwriting processes and decisions. May communicate with field agents to gather additional information or to explain underwriting decisions. Typically requires a bachelor's degree or equivalent. May require certification as a Chartered Property Casualty Underwriter (CPCU). Typically reports to a supervisor or manager. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4-7 years of related experience. Underwriter (P/C) III Salaries in Chicago, ILAlternate Job Titles:Property Casualty Insurance Underwriter III, Senior Underwriter (P/C), Underwriter (P/C) IIICategory : Insurance
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Underwrites mortgage loan applications and evaluates loans in order to maximize organizational profit and minimize risk or loss. Monitors property appraisal process. Assesses risks to determine approval status. May require a bachelor's degree. Typically reports to a supervisor or manager. Works on projects/matters of limited complexity in a support role. Work is closely managed. Typically requires 0-2 years of related experience. Mortgage Underwriter I Salaries in Chicago, ILAlternate Job Titles:Entry Mortgage Underwriter, Mortgage Underwriter I
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Underwrites mortgage loan applications and evaluates loans in order to maximize organizational profit and minimize risk or loss. Monitors property appraisal process. Assesses risks to determine approval status. May require a bachelor's degree. Typically reports to a supervisor or manager. Gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. Typically requires 2 to 4 years of related experience. Mortgage Underwriter II Salaries in Chicago, ILAlternate Job Titles:Intermediate Mortgage Underwriter, Mortgage Underwriter II