Underwriter, Business Banking Salary

An Underwriter, Business Banking earns an average salary of $60,350 per year. Most people move on to other jobs if they have more than 20 years' experience in this field. Pay for this job rises steadily for more experienced workers, but goes down noticeably for the few employees with more than 20 years' experience.

$40,227 - $85,978
$40K
$60K
$86K
MEDIAN: $60,254
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$31K$62K$93K
Salary
$40,227 - $85,978  
   
Bonus
$206.08 - $9,195  
Profit Sharing
$2,000  
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).
)
$41,632 - $91,627  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 78

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Job Description for Underwriter, Business Banking

A business banking underwriter usually assists the commercial lending process. The underwriter will prepare financial statements related to the financial health of the potential borrower. This should include years of historical financial information, in order to show comparisons. Research is involved to create these spreadsheets, which include looking at past tax returns, credit history, balance sheets, income statements, cash flow statements, and other financial statements.

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Underwriter, Business Banking Tasks

  • Review, analyze, and conduct risk assessment of commercial properties, business entities, and clients' financial profiles.
  • Assist loan officers with audits, credit examinations, and risk ratings and verify loan documentation accuracy.
  • Assist in loan closing activities, identifying and recommending actions for clients to limit risk factors.
  • Review appraisals, property inspections, and environmental reports to assess and identify property risk factors.

Underwriter, Commercial Real Estate Job Listings

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Popular Skills for Underwriter, Business Banking

Pay by Experience Level for Underwriter, Business Banking

Pay by Experience for an Underwriter, Business Banking has a positive trend. An entry-level Underwriter, Business Banking with less than 5 years of experience can expect to earn an average total compensation of $57,000 based on 53 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Underwriter, Business Banking with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $71,000 based on 16 salaries. An experienced Underwriter, Business Banking which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $72,000 based on 13 salaries. An Underwriter, Business Banking with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $68,000 based on 5 salaries.

Related Job Salaries

Key Stats for Underwriter, Business Banking

Gender

Female
34 %
Male
66 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 11 votes.
Less than 1 year
2%
1-4 years
58%
5-9 years
19%
10-19 years
16%
20 years or more
5%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Underwriter, Business Banking Salaries

Experienced
▲14%

Mid-Career
▲13%

Late-Career
▲8%

National Average
$63,000

Entry-Level
▼9%

Skills That Affect Underwriter, Business Banking Salaries

Loan Underwriting
▲6%

National Average
$63,000


Risk Management / Risk Control
▼4%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 11 votes.

Gender

Female
34 %
Male
66 %

Years of Experience

Less than 1 year
2%
1-4 years
58%
5-9 years
19%
10-19 years
16%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 77%
vision benefits
Vision: 62%
no benefits
None: 11%
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