Find The Best Underwriting Manager Jobs For You

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Average Salary
$102,241
Average Salary
Job Growth Rate
16%
Job Growth Rate
Job Openings
19,877
Job Openings

Underwriting Manager Careers

Underwriting managers work primarily in the financial service and insurance industries, providing management and oversight for underwriting activities that include loan applications and insurance products. They provide support and approval for team members on standard underwriting projects and may conduct research, analysis, and underwriting for special or complex applications.

The duties and responsibilities of an underwriting manager are leading the underwriting teams, assessing financial risks, and reporting to upper management regarding team performance and specific issues that may arise. Moreover, they develop and implement procedures and conduct quality control. Essential skills required include personnel management, financial analysis, reviewing loads and insurance policies, and communication. Educational requirements include at least a bachelor's degree in a related field such as actuarial science, business administration, finance, or a related discipline. A master's degree may help applicants gain advantage over other candidates.

The average hourly salary for this position is $58.61, which amounts to $121,907 annually. In addition, the career is expected to grow 16% in the following years to come and produce over 104,000 jobs across the United States.

There is more than meets the eye when it comes to being an underwriting manager. For example, did you know that they make an average of $49.15 an hour? That's $102,241 a year!

Between 2018 and 2028, the career is expected to grow 16% and produce 104,700 job opportunities across the U.S.

What Does an Underwriting Manager Do

There are certain skills that many underwriting managers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed communication skills, organizational skills and analytical skills.

When it comes to the most important skills required to be an underwriting manager, we found that a lot of resumes listed 19.8% of underwriting managers included underwriting guidelines, while 13.1% of resumes included procedures, and 8.8% of resumes included customer service. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the underwriting manager job title. But what industry to start with? Most underwriting managers actually find jobs in the finance and insurance industries.

How To Become an Underwriting Manager

If you're interested in becoming an underwriting manager, one of the first things to consider is how much education you need. We've determined that 64.2% of underwriting managers have a bachelor's degree. In terms of higher education levels, we found that 8.2% of underwriting managers have master's degrees. Even though most underwriting managers have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become an underwriting manager. When we researched the most common majors for an underwriting manager, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on underwriting manager resumes include master's degree degrees or high school diploma degrees.

You may find that experience in other jobs will help you become an underwriting manager. In fact, many underwriting manager jobs require experience in a role such as underwriter. Meanwhile, many underwriting managers also have previous career experience in roles such as senior underwriter or mortgage underwriter.

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Average Salary
$102,241
Average Salary
Job Growth Rate
16%
Job Growth Rate
Job Openings
19,877
Job Openings

Underwriting Manager Career Paths

Top Careers Before Underwriting Manager

Top Careers After Underwriting Manager

Underwriting Manager Jobs You Might Like

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for an Underwriting Manager

Underwriting Managers in America make an average salary of $102,241 per year or $49 per hour. The top 10 percent makes over $171,000 per year, while the bottom 10 percent under $61,000 per year.
Average Salary
$102,241
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Best Paying Cities

City
ascdesc
Average Salarydesc
New York, NY
Salary Range86k - 166k$120k$120,062
San Francisco, CA
Salary Range74k - 142k$103k$102,887
Richmond, VA
Salary Range68k - 128k$94k$93,784
Houston, TX
Salary Range57k - 112k$81k$80,855
Detroit, MI
Salary Range56k - 109k$79k$78,824
Atlanta, GA
Salary Range55k - 110k$79k$78,685
$47k
$166k

Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Manager, Life Underwriting
Manager, Life Underwriting
Farm Bureau Life Insurance Company of Michigan
Farm Bureau Life Insurance Company of Michigan
06/28/2021
06/28/2021
$85,19006/28/2021
$85,190
Underwriting Manager, Group Life and Disability-10K-Telecommute
Underwriting Manager, Group Life and Disability-10K-Telecommute
Unitedhealth Group Inc.
Unitedhealth Group Inc.
06/18/2021
06/18/2021
$79,70006/18/2021
$79,700
Manager, Jumbo Underwriting
Manager, Jumbo Underwriting
Redwood Trust, Inc.
Redwood Trust, Inc.
06/16/2021
06/16/2021
$115,00006/16/2021
$115,000
Manager, Life Underwriting
Manager, Life Underwriting
Farm Bureau Life Insurance Company of Michigan
Farm Bureau Life Insurance Company of Michigan
05/30/2021
05/30/2021
$85,19005/30/2021
$85,190
Mortgage Underwriting Manager
Mortgage Underwriting Manager
Hoosier Hills Credit Union
Hoosier Hills Credit Union
05/30/2021
05/30/2021
$48,31205/30/2021
$48,312
See More Recent Salaries

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Underwriting Manager Resumes

Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming an Underwriting Manager. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.

Learn How To Write an Underwriting Manager Resume

At Zippia, we went through countless Underwriting Manager resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

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Underwriting Manager Demographics

Gender

male

48.5 %

female

48.5 %

unknown

3.0 %

Ethnicity

White

68.5 %

Hispanic or Latino

14.3 %

Asian

7.7 %

Foreign Languages Spoken

Spanish

47.6 %

Carrier

11.9 %

German

7.1 %
See More Demographics

Underwriting Manager Education

Majors

Business
36.8 %
Finance
11.0 %

Degrees

Bachelors

64.2 %

Certificate

12.0 %

Associate

9.6 %

Top Colleges for Underwriting Managers

1. Stanford University

Stanford, CA • Private

In-State Tuition
$51,354
Enrollment
7,083

2. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

3. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

4. Maine Maritime Academy

Castine, ME • Private

In-State Tuition
$13,478
Enrollment
979

5. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

6. California State University - Bakersfield

Bakersfield, CA • Private

In-State Tuition
$7,309
Enrollment
9,142

7. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

8. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

9. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

10. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177
See More Education Info

Online Courses For Underwriting Manager That You May Like

Lender's Oracle: Credit Risk Management in Bank
edX (Global)

The learners will gain insights on the essential elements of the process adopted by Banks for Credit Risk Management. To understand the challenges posed and will be equipped with necessary knowledge. The Course further ventures into major domains of Credit Risk Management; like Selection of borrower, Reading Financial statements, using Financial Management tools e. g. Ratio Analysis, Fund Flow analysis, Cash flow Analysis. The Course discusses on various tools, practices, models related to...

Risk Management and Credit Principles
edX (Global)

This course is Part 1 of the Credit and Credit Risk Analysis Professional Certificate program from the New York Institute of Finance. The course begins with an introduction to risk management and credit principles. You will review and understand credit risk, credit exposure, and the goals of credit analysis. You will learn about the purpose of debt, debt forms, and the difference between financing from debt vs. equity. In this course, you will gain a deeper understanding of the principles of...

Managing Personal Cash & Credit
edX (Global)

Managing Personal Cash and Credit is made possible by the Brian and Sheila Jellison Family Foundation. The Managing Personal Cash & Credit course is designed for individuals to build financial literacy, one of the most pressing needs Americans face today. Financial decisions made by individuals impact the larger community in significant ways with pervasive cost due to financial mistakes. A recent study by the Financial Industry Regulatory Authority (FINRA) reveals over 50% of Americans have...

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Top Skills For an Underwriting Manager

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 19.8% of underwriting managers listed underwriting guidelines on their resume, but soft skills such as communication skills and organizational skills are important as well.

Best States For an Underwriting Manager

Some places are better than others when it comes to starting a career as an underwriting manager. The best states for people in this position are New York, New Jersey, Delaware, and Connecticut. Underwriting managers make the most in New York with an average salary of $116,624. Whereas in New Jersey and Delaware, they would average $105,496 and $100,025, respectively. While underwriting managers would only make an average of $99,085 in Connecticut, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New York

Total Underwriting Manager Jobs:
1,699
Highest 10% Earn:
$199,000
Location Quotient:
1.47
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. New Jersey

Total Underwriting Manager Jobs:
788
Highest 10% Earn:
$184,000
Location Quotient:
1.1
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Connecticut

Total Underwriting Manager Jobs:
345
Highest 10% Earn:
$175,000
Location Quotient:
1.16
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Underwriting Manager Employers

We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ underwriting managers and discovered their number of underwriting manager opportunities and average salary. Through our research, we concluded that Wells Fargo was the best, especially with an average salary of $60,408. Bank of America follows up with an average salary of $59,009, and then comes American International Group with an average of $64,532. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as an underwriting manager. The employers include Zurich, Great American Insurance Company, and Guaranteed Rate

1. Wells Fargo
4.7
Avg. Salary: 
$60,408
Underwriting Managers Hired: 
73+
2. Bank of America
4.8
Avg. Salary: 
$59,009
Underwriting Managers Hired: 
45+
3. American International Group
4.7
Avg. Salary: 
$64,532
Underwriting Managers Hired: 
42+
4. JPMorgan Chase & Co.
4.9
Avg. Salary: 
$70,364
Underwriting Managers Hired: 
27+
5. Allstate
4.7
Avg. Salary: 
$61,336
Underwriting Managers Hired: 
25+
6. World Savings and Loan Association, A Federal Savings and Loan Association
4.3
Avg. Salary: 
$66,861
Underwriting Managers Hired: 
23+

Underwriting Manager Videos

Updated October 2, 2020