Assistant Underwriter Salary (United States)

The average pay for an Assistant Underwriter is $40,946 per year. People in this job generally don't have more than 20 years' experience.
Assistant Underwriter Total Pay (?
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.
)
$30,620 - $57,234
(Median)
31K
36K
41K
49K
57K
MEDIAN: $40,945
10%
25%
50%
75%
90%
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Assistant Underwriter Total Pay (?
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.
)
$13.47 - $24.49
(Median)
13
16
19
21
24
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
$30,620 - $57,234  
   
Bonus
$0.00 - $4,805  
Profit Sharing
$-0.49 - $3,025  
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).
)
$30,546 - $57,318  
PayScale
Country: United States | Currency: USD | Updated: 5 Aug 2014 | Individuals Reporting: 177
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$17$34$51
Hourly Rate
$13.47 - $24.49  
   
Overtime
$16.02 - $48.49  
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$50K$100K$150K
Bonus
$0.00 - $4,805  
   
Profit Sharing
$-0.49 - $3,025  
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).
)
$30,546 - $57,318  
PayScale
Country: United States | Currency: USD | Updated: 5 Aug 2014 | Individuals Reporting: 177
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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 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.

Pay Difference By Location

Houston
up arrow 10%
San Francisco
up arrow 9%
National Average
$42,000
Larger circles over a city indicate a job is popular in that location.

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 18%
Experienced
up arrow 11%
National Average
$42,000
Entry-Level
up arrow 3%
Mid-Career
up arrow 5%

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 38 votes.

Gender

Female
69%
female alumni
 
Male
31%
male alumni

Years of Experience

Less than 1 year
11%
1-4 years
40%
5-9 years
20%
10-19 years
18%
20 years or more
11%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 79%
vision benefits Vision: 61% employee benefits None: 9%
Find Out Exactly What You Should Be Paid
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United States (change)
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