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Assistant Underwriter Salary

The average pay for an Assistant Underwriter is $42,676 per year. People in this job generally don't have more than 20 years' experience. Pay for this job does not change much by experience, with the most experienced earning only a bit more than the least.
$30,782 - $58,481
(Median)
31K
37K
43K
50K
58K
MEDIAN: $42,676
10%
25%
50%
75%
90%

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$13.53 - $24.94
(Median)
14
16
19
21
25
MEDIAN: $18.00
10%
25%
50%
75%
90%

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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$20K$40K$60K
Salary
$30,782 - $58,481  
   
Bonus
$0.00 - $5,646  
Profit Sharing
$250.00 - $4,875  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$30,715 - $59,240  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 154
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$11$22$33
Hourly Rate
$13.53 - $24.94  
   
Overtime
$20.35 - $32.80  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$22K$44K$66K
Bonus
$0.00 - $5,646  
   
Profit Sharing
$250.00 - $4,875  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$30,715 - $59,240  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 40
United States (change)

Job Description for Assistant Underwriter

Assistant underwriters work under accountants and other financial experts, performing writing and financial services for a company. Most of their time is spent performing risk analysis, pricing and rating products and services, processing paperwork, and auditing company files and transactions. They work closely with underwriting managers, other accountants, and company executives. They must be physically capable of spending most of the day seated, type quickly and accurately for data entry, and have filing skills for recordkeeping purposes. Assistant underwriters must be able keep company files and financial information private, as well as communicate well with other company members to collect data and financial information.

Read More...

Assistant Underwriter Tasks

  • Assist in the evaluation and monitoring of loss potential/control from catastrophic events.
  • Enter, review and maintain accurate records of new policies and renewals.
  • Assist business development of new business opportunities with sales and marketing efforts.
  • Assist underwriting agents in their duties.
  • Assist in the development and monitoring of premium rates.

Common Career Paths for Assistant Underwriter


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Assistant Underwriter Job Listings

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Pay by Experience Level for Assistant Underwriter

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Assistant Underwriter Reviews

What is it like working as an Assistant Underwriter?
Assistant Underwriter in Bellevue:
"Paper Pushing."
Pros: You have to be organized, good at following up and making decisions based off of fact and company profitability. I like working in underwriting because you don't really have to deal with the public off hand. It is more technical than just selling insurance. You are challenged on a daily basis and learning new aspects of the insurance business in commercial underwriting.
Cons: I don't like how you can be overwhelmed with paperwork and change in insurance laws, rules and regulations. People are so use to things being done now now now with all the automated systems in technology so it can be stressful with broker demands to have things done without all information needed to rate the insurance properly.

Related Job Salaries

Experience Affects Assistant Underwriter Salaries

Late-Career
up arrow 14%

Experienced
up arrow 9%

Mid-Career
up arrow 1%

National Average
$43,000

Entry-Level
up arrow 4%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 35 votes.

Gender

Female
69 %
Male
31 %

Years of Experience

Less than 1 year
10%
1-4 years
40%
5-9 years
22%
10-19 years
18%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 79%
vision benefits Vision: 61% employee benefits None: 8%