Assistant Underwriter Salary

The average pay for an Assistant Underwriter is $44,711 per year. People in this job generally don't have more than 20 years' experience.

$33,673 - $64,558
$34K
$45K
$65K
MEDIAN: $45,170
10%
50%
90%

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$11.65 - $23.53
$12
$17
$24
MEDIAN: $16.85
10%
50%
90%

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$0$65K
Salary $33,673 - $64,558
Bonus $487.96 - $6,145
Profit Sharing $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).
)
$30,440 - $65,855
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 132
Hourly Data $0$29
Hourly Rate $11.65 - $23.53
Overtime $27.63
Annual Data $0$65K
Bonus $487.96 - $6,145
Profit Sharing $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).
)
$30,440 - $65,855
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 46

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

Pay by Experience Level for Assistant Underwriter

Pay by Experience for an Assistant Underwriter has a positive trend. An entry-level Assistant Underwriter with less than 5 years of experience can expect to earn an average total compensation of $41,000 based on 127 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Assistant Underwriter with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $47,000 based on 39 salaries. An experienced Assistant Underwriter which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $45,000 based on 35 salaries. An Assistant Underwriter with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $59,000 based on 12 salaries.

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
66 %
Male
34 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 36 votes.
Less than 1 year
10%
1-4 years
53%
5-9 years
14%
10-19 years
17%
20 years or more
7%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Assistant Underwriter Salaries

Late-Career
▲33%

Mid-Career
▲6%

Experienced
▲3%

National Average
$44,000

▼7%

Skills That Affect Assistant Underwriter Salaries

Insurance
▼0%

National Average
$44,000

Risk Management / Risk Control
▼1%

Data Analysis
▼11%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 36 votes.

Gender

Female
66 %
Male
34 %

Years of Experience

Less than 1 year
10%
1-4 years
53%
5-9 years
14%
10-19 years
17%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 71%
vision benefits
Vision: 61%
no benefits
None: 17%
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