Underwriter II Salary in Minnesota
Underwriter II Salary in Minnesota
How much does an Underwriter II make in Minnesota? The average Underwriter II salary in Minnesota is $74,524 as of March 26, 2024, but the range typically falls between $66,726 and $86,002. 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 Underwriter II Salary | $59,627 | MN | March 26, 2024 |
| 25th Percentile Underwriter II Salary | $66,726 | MN | March 26, 2024 |
| 50th Percentile Underwriter II Salary | $74,524 | MN | March 26, 2024 |
| 75th Percentile Underwriter II Salary | $86,002 | MN | March 26, 2024 |
| 90th Percentile Underwriter II Salary | $96,451 | MN | March 26, 2024 |
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What skills does an Underwriter II 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.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Tax Return: Calculating an entity’s income earned with the amount of tax payable to the government, organizations, or potential taxpayers.
Microsoft Office: Microsoft Office is a suite of desktop productivity applications that is designed by Microsoft for business use. You can create documents containing text and images, work with data in spreadsheets and databases, create presentations and posters.
Job Description for Underwriter II
Underwriter II 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 II calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. Additionally, Underwriter II 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 II occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be an Underwriter II typically requires 2-4 years of related experience. (Copyright 2024 Salary.com)... View full job description
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| Location | Avg. Salary | Date Updated |
|---|---|---|
| Location Lakeville, MN | Avg. Salary $76,782 | Date Updated March 26, 2024 |
| Location Minnetonka, MN | Avg. Salary $77,292 | Date Updated March 26, 2024 |
| Location Ada, MN | Avg. Salary $68,842 | Date Updated March 26, 2024 |
| Location Adams, MN | Avg. Salary $72,338 | Date Updated March 26, 2024 |
| Location Adolph, MN | Avg. Salary $70,371 | Date Updated March 26, 2024 |
| Location Adrian, MN | Avg. Salary $65,053 | Date Updated March 26, 2024 |
| Location Afton, MN | Avg. Salary $76,709 | Date Updated March 26, 2024 |
| Location Ah Gwah Ching, MN | Avg. Salary $69,934 | Date Updated March 26, 2024 |
| Location Aitkin, MN | Avg. Salary $70,444 | Date Updated March 26, 2024 |
| Location Akeley, MN | Avg. Salary $70,007 | Date Updated March 26, 2024 |
Career Path for Underwriter II
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 II, the first career path typically starts with a Health Underwriter, Sr. position, and then Health Underwriting Manager.
The second career path typically starts with an Underwriter (Life) III position, and then progresses to Life Underwriting Supervisor.
The third career path typically starts with an Underwriter (P/C) III position, and then progresses to Underwriter (P/C) IV.
Additionally, the fourth career path typically starts with an Underwriter III position, and then progresses to Underwriter IV.
What does an Underwriter II do?
Are you an HR manager or compensation specialist?
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About Minnesota
Similar Jobs to Underwriter II
| Job Title | Experience | EDUCATION | Salary Compared to This Job |
|---|---|---|---|
| Job Title Loan Underwriter II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
| Job Title Mortgage Underwriter I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
| Job Title Mortgage Underwriter II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
| Job Title Mortgage Underwriter III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
| Job Title Underwriter (Life) II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Level of Education for Underwriter II
Jobs with different levels of education may pay very differently. Check the Underwriter II salary of your education level.
Underwriter II Salary by Global Country
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About Minnesota Minnesota (/ˌmɪnɪˈsoʊtə/ (listen)) is a state in the Upper Midwest and northern regions of the United States. Minnesota was admitted as the 32nd U.S. ....More
Skills associated with Underwriter II: Reinsurance, Calculate Ratings, Underwriting & Rating Software, Insurance Software ...More
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