Insurance Underwriters Jobs Pay in Northwest Illinois nonmetropolitan area, IL
Average Hourly Pay
$50.22
56.9%Above national average
Range: $47.83 – $52.61
Average Annual Pay
$104,461
56.9%Above national average
Range: $99,486 – $109,435
How much do Insurance Underwriters make?
Your level of experience is a key factor in determining your earning potential. Here's what you can expect at different career stages:
Entry Level
0-2 years
Hourly Rate
$42.69/hr
Range: $40.66 – $44.72
Annual Rate
$88,792
Range: $84,563 – $93,020
Mid level
3-5 years
Hourly Rate
$50.22/hr
Range: $47.83 – $52.61
Annual Rate
$104,461
Range: $99,486 – $109,435
Senior level
6+ years
Hourly Rate
$57.75/hr
Range: $55.00 – $60.50
Annual Rate
$120,130
Range: $114,409 – $125,850
Insurance Underwriters job description
Insurance Underwriters professionals manage financial operations, analyze data, and provide guidance on financial matters. They help organizations and individuals make informed financial decisions.
Responsibilities
- •Analyze financial data and reports
- •Prepare financial statements
- •Manage accounts and transactions
- •Ensure regulatory compliance
- •Provide financial advice
- •Monitor budgets and forecasts
Skills
- •Financial analysis
- •Accounting principles
- •Excel and financial software
- •Attention to detail
- •Communication skills
- •Problem-solving
Qualifications
- •Bachelor's degree in Finance/Accounting
- •Professional certifications (CPA, CFA)
- •Experience in financial services
- •Strong analytical skills
