What is the average Underwriter salary for Portland, ME?
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As of April 24, 2024, the average Underwriter salary in Portland, ME is $89,185. The chart below represents localized salaries for some of our most popular Underwriter job titles in Portland, ME. 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 Underwriter job titles in Portland, ME. Apply your personal criteria to one of the job titles below to get your personalized salary estimate.
Underwriter Salaries in Portland, ME
| Job Title | Salary | Hourly Rate | Location | Date Updated |
| Underwriter I | $60,341 | $29.01 | Portland, ME | April 24, 2024 |
| Underwriter II | $72,027 | $34.63 | Portland, ME | April 24, 2024 |
| Underwriter III | $93,268 | $44.84 | Portland, ME | April 24, 2024 |
| Underwriter IV | $111,171 | $53.45 | Portland, ME | April 24, 2024 |
| Mortgage Underwriter I | $59,100 | $28.41 | Portland, ME | April 24, 2024 |
| Mortgage Underwriter II | $71,208 | $34.23 | Portland, ME | April 24, 2024 |
| Mortgage Underwriter III | $86,660 | $41.66 | Portland, ME | April 24, 2024 |
| Underwriter (Life) III | $95,803 | $46.06 | Portland, ME | April 24, 2024 |
| Underwriter (Life) I | $55,239 | $26.56 | Portland, ME | April 24, 2024 |
| Health Underwriter | $66,124 | $31.79 | Portland, ME | April 24, 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 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 Portland, MEAlternate Job Titles: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 Portland, MEAlternate Job Titles:Insurance Underwriter II, 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 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 Portland, MEAlternate Job Titles:Insurance Underwriter III, Underwriter IIICategory : 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 Portland, MEAlternate Job Titles:Insurance Underwriter IV, Underwriter IVCategory : 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 Portland, MEAlternate 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 Portland, MEAlternate Job Titles:Intermediate Mortgage Underwriter, Mortgage Underwriter II
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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 Portland, MEAlternate Job Titles:Senior Mortgage Underwriter, Mortgage Underwriter III
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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 Portland, MEAlternate Job Titles:Life Insurance Underwriter III, Senior Underwriter (Life), Underwriter (Life) 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. 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 Portland, MEAlternate Job Titles:Entry Underwriter (Life), Life Insurance Underwriter I, Underwriter (Life) I
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Reviews applications for coverage, gathers data, and assesses risk related to qualifying a candidate for health insurance. Calculates and recommends pricing. Performs group and/or individual underwriting. 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. Health Underwriter Salaries in Portland, MEAlternate Job Titles:Health Insurance Underwriter, Medical Underwriter, Health Underwriter