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Underwriting director vs portfolio manager

The differences between underwriting directors and portfolio managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both an underwriting director and a portfolio manager. Additionally, a portfolio manager has an average salary of $114,671, which is higher than the $109,027 average annual salary of an underwriting director.

The top three skills for an underwriting director include portfolio, underwriting policy and product development. The most important skills for a portfolio manager are portfolio management, customer service, and risk management.

Underwriting director vs portfolio manager overview

Underwriting DirectorPortfolio Manager
Yearly salary$109,027$114,671
Hourly rate$52.42$55.13
Growth rate17%17%
Number of jobs7,09143,192
Job satisfaction--
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 71%
Average age4646
Years of experience88

Underwriting director vs portfolio manager salary

Underwriting directors and portfolio managers have different pay scales, as shown below.

Underwriting DirectorPortfolio Manager
Average salary$109,027$114,671
Salary rangeBetween $77,000 And $152,000Between $66,000 And $198,000
Highest paying City-Stamford, CT
Highest paying state-Connecticut
Best paying company-The Citadel
Best paying industry-Finance

Differences between underwriting director and portfolio manager education

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

Underwriting DirectorPortfolio Manager
Most common degreeBachelor's Degree, 71%Bachelor's Degree, 71%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Underwriting director vs portfolio manager demographics

Here are the differences between underwriting directors' and portfolio managers' demographics:

Underwriting DirectorPortfolio Manager
Average age4646
Gender ratioMale, 60.3% Female, 39.7%Male, 66.6% Female, 33.4%
Race ratioBlack or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.1% Asian, 7.3% White, 65.3% American Indian and Alaska Native, 0.3%Black or African American, 7.5% Unknown, 4.1% Hispanic or Latino, 14.4% Asian, 10.1% White, 63.6% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between underwriting director and portfolio manager duties and responsibilities

Underwriting director example responsibilities.

  • Supervise staff of 20-30 credit professionals managing an $80 - $100 million A/R portfolio consistently exceeding aging goals.
  • Create FHA platform, complete the required test cases to obtain non supervise lending designation.
  • Review of appeals; concluding and processing the finalization; communicating the adjustments to the original underwriter for educational purposes.
  • Develop underwriting training on ISO and proprietary forms and guidelines for implementation of company strategy.

Portfolio manager example responsibilities.

  • Manage ongoing existing client needs and assist in credit structuring at loan origination.
  • Manage over $900M in U.S. Equities and fixed-income; are simultaneously responsible for monitoring over $1.4b in global assets
  • Manage governance, engage stakeholders and communicate budget impact to senior management.
  • Conduct post-promotion analysis and manage financial reporting to ensure favorable ROI for clients.
  • Create PowerPoint presentation books for clients.
  • Facilitate internal, external, GAAP audits.
  • Show more

Underwriting director vs portfolio manager skills

Common underwriting director skills
  • Portfolio, 11%
  • Underwriting Policy, 11%
  • Product Development, 10%
  • Life Insurance, 8%
  • Underwriting Guidelines, 7%
  • Insurance Products, 5%
Common portfolio manager skills
  • Portfolio Management, 10%
  • Customer Service, 9%
  • Risk Management, 5%
  • Project Management, 5%
  • Financial Statements, 5%
  • Real Estate, 5%

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