How much does an Underwriting Director make hourly in the United States? The average hourly wage for an Underwriting Director in the United States is $87 as of April 26, 2022, but the range typically falls between $77 and $101. 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
Directs and implements underwriting strategy, operations, and policy development for product lines. Ensures profitability, growth, and efficiencies that align with the organization's goals and objectives. Establishes financial control guidelines, tools, administrative standards, and best practices. Researches competitors and market conditions to develop and maintain risk selection criteria and methods that support sound risk management. Requires a bachelor's degree. Typically reports to top underwriting executive. Manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. (Copyright 2022 Salary.com)
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