Underwriter V Salary in the United States

How much does an Underwriter V make hourly in the United States? The average hourly wage for an Underwriter V in the United States is $64 as of April 26, 2022, but the range typically falls between $55 and $74. 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

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. Works autonomously. Goals are generally communicated in "solution" or project goal terms. May provide a leadership role for the work group through knowledge in the area of specialization. Works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. Typically requires 10+ years of related experience. (Copyright 2022 Salary.com)

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Understand the total hourly compensation opportunity for a Underwriter V, hourly wage plus other pay elements

Average Hourly Wage

Core compensation

 
 
 
55
74
64

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
61
87
73
These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Underwriter V in the United States. The average hourly rate for Underwriter V ranges from $55 to $74 with the average hourly pay of $64. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $61 to $87 with the average total hourly cash compensation of $73.
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55
74

 

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Career Path for this job

  1. Down a level:

    Underwriter IV

    7 + years experience
    Bachelor's Degree

  2. This Job:

    Underwriter V

    10 + years experience
    Bachelor's Degree

  3. Up a level:

    Underwriting Supervisor

    3 - 5 years experience
    Bachelor's Degree

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Job Openings for Underwriter V