Underwriter Salaries & Top Paying Companies in Portland, ME

Position

City

Salary

How much does a Underwriter make in Portland, ME?

The average salary for a Underwriter is $80,383 per year in Portland, ME.

Graph depicting the yearly salary distribution for Underwriter jobs in Portland, ME, showing an average salary of $80,383 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Underwriter jobs in Portland, ME, showing an average salary of $6,699 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Underwriter jobs in Portland, ME, showing an average salary of $1,546 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Underwriter jobs in Portland, ME, showing an average salary of $39 with varying distribution percentages across salary ranges.

An Underwriter working in Portland, ME, can expect a rewarding salary. On average, Underwriters earn about $80,383 per year. This figure can vary based on experience, skill set, and the specific company. Many professionals find that with a few years of experience, they can see their salary increase.

Factors that can affect an Underwriter's salary in Portland include:

Years of experience
Specialized skills or certifications
Type of industry (e.g., insurance, finance)
Company size and reputation

Knowing these factors can help you prepare and aim for a higher salary.

What are the highest paying cities for a Underwriter near Portland, ME?

Job seekers in the underwriting field can find attractive opportunities near Portland, ME. South Portland offers the highest average salary at $122,240. Augusta and Kennebunk also provide good salaries, with $90,382 and $82,703, respectively. These cities present excellent options for those looking to advance their career in underwriting.

Graph displaying highest paying cities salaries for Underwriter jobs near Portland, ME, highlighting South Portland, ME with the highest at $122,240 and Kennebunk, ME with the lowest at $82,703.

South Portland, ME
Average Salary: $122,240
Working in insurance in South Portland offers a vibrant community atmosphere. You will find plenty of opportunities with local and national companies like Allstate and Liberty Mutual. The area provides a mix of urban conveniences and a relaxed environment.
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Augusta, ME
Average Salary: $90,382
Augusta presents a unique environment for those in the insurance field. Here, you can find jobs with companies such as MaineGeneral and Anthem Blue Cross and Blue Shield. Augusta combines a smaller-town feel with a bustling state government presence.
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Kennebunk, ME
Average Salary: $82,703
Kennebunk offers a serene setting while still providing ample opportunities for insurance professionals. Companies like TD Insurance and Locals Insurance are available. This coastal town balances work with a tranquil, seaside lifestyle.
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What are the best paying companies for a Underwriter in Portland, ME?

Job seekers looking for top-paying underwriter jobs in Portland, ME, should consider Patrons Oxford Insurance Co. and Unum. These companies offer competitive salaries, with Patrons Oxford Insurance Co. leading at $74,500 and Unum at $65,900. Both companies provide a stable and rewarding career path in the insurance industry.

Graph displaying best paying company salaries for Underwriter jobs in Portland, ME, highlighting Patrons Oxford Insurance Co. with the highest at $74,500 and Unum with the lowest at $65,900.

Patrons Oxford Insurance Co.
Average Salary: $74,500
Patrons Oxford Insurance Co. offers rewarding Underwriter jobs in Portland, ME. They focus on providing customized insurance solutions. Their Portland office provides services throughout the region, supporting local businesses and residents.
Unum
Average Salary: $65,900
Unum hires Underwriters in Portland, ME, focusing on risk assessment for insurance policies. They operate in various locations across the state, offering stability and growth opportunities. Their team in Portland works closely with clients to manage insurance needs effectively.

What are the best paying Underwriter related jobs in Portland, ME?

Actuary positions offer one of the highest salaries for those in underwriting roles, with an average of $151,500 per year in Portland, ME. Quantitative analysts also enjoy a lucrative career, with an average salary of $134,000. These roles require strong analytical skills and a deep understanding of data and risk management. Other well-paying jobs related to underwriting include risk specialist and wealth management advisor positions, both exceeding $100,000 annually. These careers provide opportunities to make a significant impact while enjoying competitive compensation.

Graph displaying best paying related job salaries for Underwriter jobs near Portland, ME, highlighting Actuary with the highest at $151,500 and Analyst with the lowest at $90,062.

Actuary
Average Salary: $151,500
Actuaries assess financial risks. They work with companies to analyze data. They help decide how much to charge for insurance.
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Quantitative Analyst
Average Salary: $134,000
These analysts use math to solve problems. They study trends in data. They work with financial firms to manage risk.
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Wealth Management Advisor
Average Salary: $108,856
Advisors help clients manage money. They create plans for investments. They aim to grow clients' wealth over time.
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Risk Specialist
Average Salary: $108,323
Risk specialists look at potential dangers. They study risks for companies. They work to find ways to reduce those risks.
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Business Analyst
Average Salary: $100,054
Analysts study business data. They find ways to improve processes. They work with different departments to help companies run better.
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Portfolio Manager
Average Salary: $98,658
Portfolio managers oversee investments. They make decisions about buying and selling. They aim to grow their clients' assets.
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Underwriting Manager
Average Salary: $96,750
Managers oversee underwriters. They make sure policies meet standards. They work with clients to set terms for coverage.
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Risk Analyst
Average Salary: $96,650
Analysts look at risk data. They study market trends. They provide insights to help companies make smart decisions.
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Underwriting Consultant
Average Salary: $91,686
Consultants advise on insurance policies. They review risks and needs. They help companies set fair prices for coverage.
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Analyst
Average Salary: $90,062
Analysts study data to find insights. They look at trends and patterns. They provide recommendations to help businesses succeed.
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Underwriter Salary in Portland, ME

How much does a Underwriter make in Portland, ME?

What are the highest paying cities for a Underwriter near Portland, ME?

What are the best paying companies for a Underwriter in Portland, ME?

Currently 947 Underwriter job openings, nationwide.

How's the job market for a Underwriter in the US?

Win at hiring.