Underwriter II Salary in the United States

How much does an Underwriter II make in the United States? The average Underwriter II salary in the United States is $67,627 as of April 26, 2022, but the range typically falls between $61,098 and $77,027. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.  View the Cost of Living in Major Cities

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Job Description

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. (Copyright 2022 Salary.com)

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Average Base Salary

Core compensation

 
 
 
61098
77027
67627

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
63419
81920
70895
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Underwriter II in the United States. The base salary for Underwriter II ranges from $61,098 to $77,027 with the average base salary of $67,627. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $63,419 to $81,920 with the average total cash compensation of $70,895.
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61098
77027

 

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Career Path for this job

  1. Down a level:

    Underwriter I

    0 - 2 years experience
    Bachelor's Degree

  2. This Job:

    Underwriter II

    2 - 4 years experience
    Bachelor's Degree

  3. Up a level:

    Underwriter III

    4 - 7 years experience
    Bachelor's Degree

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Job Openings for Underwriter II