Reporting manager vs underwriting manager

The differences between reporting managers and underwriting managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a reporting manager and an underwriting manager. Additionally, a reporting manager has an average salary of $106,336, which is higher than the $77,426 average annual salary of an underwriting manager.

The top three skills for a reporting manager include GAAP, internal controls and external auditors. The most important skills for an underwriting manager are customer service, portfolio, and risk management.

Reporting manager vs underwriting manager overview

	Reporting Manager	Underwriting Manager
Yearly salary	$106,336	$77,426
Hourly rate	$51.12	$37.22
Growth rate	17%	17%
Number of jobs	67,631	44,546
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 73%
Average age	46	46
Years of experience	8	8

What does a reporting manager do?

The duties of a reporting manager depend on one's line of work or industry of employment. Typically, they perform clerical tasks such as producing progress reports and presentations, maintaining accurate records and documentation, updating databases, managing schedules, and performing regular inspections and site visits. There are also instances where one must respond to inquiries and concerns, report to supervisors, and coordinate with other department personnel. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.

What does an underwriting manager do?

Underwriting managers work mostly in the financial and insurance industries to provide management for all underwriting activities, including loan applications and insurance products. They oversee a team of associate-level staff, assigning them insurance or loan plans to evaluate and underwrite, ensuring that they comprehend expectations and timelines, and provide support by answering questions. They are team leaders, leading associate-level underwriters altogether activities, supporting risk management, and financial due diligence activities. In addition, underwriting managers also play a significant role in developing and enacting policies and procedures in regional offices.

Reporting manager vs underwriting manager salary

Reporting managers and underwriting managers have different pay scales, as shown below.

	Reporting Manager	Underwriting Manager
Average salary	$106,336	$77,426
Salary range	Between $80,000 And $139,000	Between $50,000 And $119,000
Highest paying City	Richmond, CA	San Francisco, CA
Highest paying state	Washington	New York
Best paying company	Meta	W. R. Berkley
Best paying industry	Manufacturing	Insurance

Differences between reporting manager and underwriting manager education

There are a few differences between a reporting manager and an underwriting manager in terms of educational background:

	Reporting Manager	Underwriting Manager
Most common degree	Bachelor's Degree, 74%	Bachelor's Degree, 73%
Most common major	Accounting	Business
Most common college	University of Pennsylvania	Stanford University

Reporting manager vs underwriting manager demographics

Here are the differences between reporting managers' and underwriting managers' demographics:

	Reporting Manager	Underwriting Manager
Average age	46	46
Gender ratio	Male, 59.6% Female, 40.4%	Male, 49.5% Female, 50.5%
Race ratio	Black or African American, 7.6% Unknown, 4.1% Hispanic or Latino, 14.6% Asian, 10.2% White, 63.2% American Indian and Alaska Native, 0.3%	Black or African American, 7.9% Unknown, 4.1% Hispanic or Latino, 15.3% Asian, 7.8% White, 64.6% American Indian and Alaska Native, 0.3%
LGBT Percentage	11%	11%

Differences between reporting manager and underwriting manager duties and responsibilities

Reporting manager example responsibilities.

Perform, then manage, profit and loss for volatile, derivative mortgage back securities.
Used Microsoft SharePoint to manage projects, establish work flow, and document reports and report field definitions.
Manage the administrator of a Hyperion database.
Manage and mentore junior analysts in report optimization and SAS proficiency.
Prepare monthly IFRS financial statements including balance sheet and income statement using HFM.
Establish and maintain SOX documentation for initial compliance including management of testing with internal audit consultants.

Underwriting manager example responsibilities.

Manage the company underwriting department and coordinate origination efforts within OAIC, Ocwen's REIT.
Manage the execution of underwriting, portfolio analysis and account- base decision making in accordance with establish guidelines and processes.
Review of government sponsor (FHA, VA, USDA) loans to ensure adherence to specific policies and procedures.
Reduce number of loan input errors per file with quality underwrites, in which are further approve by FNMA & FHLMC
Direct all underwriting activities in the origination of home equity loans and lines of credit.
Train all staff members on successful sales techniques to help facilitate consumer, conventional, FHA, commercial mortgage loans.

Reporting manager vs underwriting manager skills

Common reporting manager skills

GAAP, 9%
Internal Controls, 7%
External Auditors, 4%
ASC, 4%
Data Analysis, 4%
Visualization, 4%

Common underwriting manager skills

Customer Service, 13%
Portfolio, 7%
Risk Management, 6%
Underwriting Guidelines, 6%
Financial Statements, 4%
Underwriting Process, 3%

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Reporting Manager
Reporting Manager vs Underwriting Manager

Updated January 8, 2025

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