Underwriting Assistant Salary

The average Underwriting Assistant in the United States earns approximately $42K per year. Total cash earnings of Underwriting Assistants range from $31K on the low end to $59K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $5K and $4K, respectively. The particular firm is the main element affecting pay for this group — the particular city and tenure are driving factors as well. Most Underwriting Assistants survey respondents are women (74 percent). Work is reasonably fulfilling for most Underwriting Assistants — the majority report average levels of job satisfaction. A large number receive medical and dental insurance and a fair number get vision insurance.

$31,886 - $59,977
$32K
$42K
$60K
MEDIAN: $41,824
10%
50%
90%

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$13.13 - $24.82
$13
$18
$25
MEDIAN: $17.77
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$20K$40K$60K
Salary
$31,886 - $59,977  
   
Bonus
$50.68 - $4,931  
Profit Sharing
$12.50 - $3,750  
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).
)
$30,574 - $59,323  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 429
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
$13.13 - $24.82  
   
Hourly Tips
$0.00  
Overtime
$18.46 - $35.60  
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
$50.68 - $4,931  
   
Profit Sharing
$12.50 - $3,750  
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).
)
$30,574 - $59,323  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 219

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United States (change)

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Job Description for Underwriting Assistant

The assistant underwriter assists the lead underwriter in assessing customers' eligibility for products such as mortgages, insurance, and credit. They may work in a variety of fields, such as bank underwriting, insurance underwriting, and real estate underwriting. In all fields, assistant underwriters must cultivate good relationships with clients and be able to obtain client information quickly and accurately. They must be able to accurately assess risks while remaining within their organization's regulations and relevant laws. Assistant underwriters typically work as a subordinate to an underwriter and work in an office environment during regular business hours, although travel may occasionally be required for risk assessment.

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Underwriting Assistant 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 Underwriting Assistant


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Though it's uncommon, some Underwriting Assistants move into roles as Senior Underwriters, where pay is an average $74K per year. Underwriting Assistants typically move into roles as Underwriters or Insurance Underwriters, and those positions pay $10K more and $8K more, respectively.

Assistant Underwriter Job Listings

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Popular Employer Salaries for Underwriting Assistant


State Farm Insurance Company, Liberty Mutual Insurance Group, ACE Group, The Travelers Companies, Inc., and Zurich North America are leaders in the field that employ a large number of Underwriting Assistants. The biggest paychecks can be found at Zurich North America — the median salary there is $57K. Other employers shelling out big bucks include The Travelers Companies, Inc., Liberty Mutual Insurance Group, and The Chubb Corporation, where Underwriting Assistants typically earn around $55K, $47K, or $47K, respectively.

Other low-paying employers include Risk Placement Services, Inc. at $33K and State Farm Insurance Company at $34K, though some Underwriting Assistants there earn up to $53K.

Pay by Experience Level for Underwriting Assistant

Pay by Experience for an Underwriting Assistant has a positive trend. An entry-level Underwriting Assistant with less than 5 years of experience can expect to earn an average total compensation of $39,000 based on 398 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Underwriting Assistant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $41,000 based on 118 salaries. An experienced Underwriting Assistant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $47,000 based on 126 salaries. An Underwriting Assistant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $51,000 based on 57 salaries.

Pay Difference by Location

National Average: $40,780

Larger city markers indicate a job is popular in that location.

With a pay rate for Underwriting Assistants that is 37 percent greater than the national average, Los Angeles offers a comfortable salary for those in this profession. Underwriting Assistants will also find cushy salaries in San Francisco (+36 percent), New York (+35 percent), Chicago (+26 percent), and Philadelphia (+20 percent). Scottsdale ranks last in the field for pay, reporting salaries 3 percent below the national average. Employers in Charlotte and Hartford also lean toward paying below-median salaries (2 percent less).

Underwriting Assistant Reviews

Q: What is it like working as an Underwriting Assistant?

Underwriting Assistant in Atlanta:
"Underwriter."
Pros: The process of making a sound decision and helping the Relationship Managers.
Cons: I really love my job, the pay is a little low for the job title.

Related Job Salaries

Key Stats for Underwriting Assistant

Gender

Female
74 %
Male
26 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 119 votes.
Less than 1 year
11%
1-4 years
48%
5-9 years
14%
10-19 years
17%
20 years or more
10%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Underwriting Assistant Salaries

▲25%

▲16%

▲1%

National Average
$41,000

▼5%

Skills That Affect Underwriting Assistant Salaries

Data Analysis
▲24%

Microsoft Excel
▲11%

▲1%


Oral / Verbal Communication
▼0%

National Average
$41,000

Microsoft Office
▼2%

Underwriting
▼2%

Data Entry
▼13%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 119 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

Less than 1 year
11%
1-4 years
48%
5-9 years
14%
10-19 years
17%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 81%
vision benefits
Vision: 71%
no benefits
None: 13%
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