Underwriter III Salary in the United States

How much does an Underwriter III make hourly in the United States? The average hourly wage for an Underwriter III in the United States is $44 as of May 01, 2023, but the range typically falls between $39 and $51. Hourly rate 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. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4-7 years of related experience. (Copyright 2023 Salary.com)

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Average Hourly Wage

Core compensation

 
 
 
39
51
44

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
41
55
47
These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Underwriter III in the United States. The average hourly rate for Underwriter III ranges from $39 to $51 with the average hourly pay of $44. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $41 to $55 with the average total hourly cash compensation of $47.
Similar Job Titles:
Loan Underwriter III, Mortgage Underwriter I, Mortgage Underwriter II, Mortgage Underwriter III, Underwriter (Life) I
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39
51

 

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Career Path for this job

  1. Down a level:

    Underwriter II

    2 - 4 years experience
    Bachelor's Degree

  2. This Job:

    Underwriter III

    4 - 7 years experience
    Bachelor's Degree

  3. Up a level:

    Underwriter IV

    7 + years experience
    Bachelor's Degree

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