The average pay for an Assistant Underwriter is $44,401 per year. People in this job generally don't have more than 20 years' experience.

$33,978 - $62,819
$34K
$44K
$63K
MEDIAN: $44,401
10%
50%
90%

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$11.54 - $22.77
$12
$16
$23
MEDIAN: $16.14
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$22K$44K$66K
Salary
$33,978 - $62,819  
   
Bonus
$251.68 - $6,040  
Profit Sharing
$2,800  
Commission
$3,000  
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).
)
$30,457 - $63,668  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 158
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$12$24$36
Hourly Rate
$11.54 - $22.77  
   
Overtime
$16.11 - $33.77  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$24K$48K$72K
Bonus
$251.68 - $6,040  
   
Commission
$3,000  
Profit Sharing
$2,800  
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).
)
$30,457 - $63,668  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 48

Find Out Exactly What You Should Be Paid

United States (change)

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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.

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Assistant Underwriter Tasks

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

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

Q: 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

Key Stats for Assistant Underwriter

Gender

Female
67 %
Male
33 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 28 votes.
050
Less than 1 year
11%
1-4 years
51%
5-9 years
13%
10-19 years
19%
20 years or more
6%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Assistant Underwriter Salaries

Late-Career
up arrow 36%

Mid-Career
up arrow 7%

Experienced
up arrow 5%

National Average
$44,000


Skills That Affect Assistant Underwriter Salaries


Risk Management / Risk Control
up arrow 1%

National Average
$44,000

Data Analysis
up arrow 10%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 28 votes.

Gender

Female
67 %
Male
33 %

Years of Experience

Less than 1 year
11%
1-4 years
51%
5-9 years
13%
10-19 years
19%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 71%
vision benefits
Vision: 61%
dental benefits
None: 16%
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