What am I worth?
Get a free salary report »
What should I pay?
Pay the right way »

Underwriting Assistant Salary

Underwriting Assistants aren't exactly in the most profitable line of business; these folks earn a belt-tightening average of $41K per year. Final cash compensation to Underwriting Assistants varies from around $29K to approximately $55K; choice pay grades include potential for bonuses and profit sharing as high as $4K and $5K, respectively. While the company and experience level impact pay for this group, geography is the most influential factor. Men are in the minority of survey respondents, with female Underwriting Assistants making up 78 percent. A large number report receiving medical coverage from their employers and most collect dental insurance. Most Underwriting Assistants report high levels of job satisfaction.

$29,579 - $55,162
(Median)
$30K
$41K
$55K
MEDIAN: $40,640
10%
50%
90%

Add this chart to your site: 640px    300px

$12.80 - $22.41
(Median)
$13
$17
$22
MEDIAN: $16.00
10%
50%
90%

Add this chart to your site: 640px    300px

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$19K$38K$57K
Salary
$29,579 - $55,162  
   
Bonus
$0.00 - $3,902  
Profit Sharing
$304.10 - $5,015  
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).
)
$29,184 - $55,227  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 591
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$13$26$39
Hourly Rate
$12.80 - $22.41  
   
Overtime
$17.72 - $38.93  
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$26K$52K$78K
Bonus
$0.00 - $3,902  
   
Profit Sharing
$304.10 - $5,015  
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).
)
$29,184 - $55,227  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 204

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

Read More...

Underwriting Assistant Tasks

  • Prepare and distribute correspondence and documentation to facilitate underwriting.
  • Collect documentation and files and deliver information to appropriate parties.
  • Communicate and coordinate with all involved parties to complete underwriting process.
  • Obtain, process, and evaluate screening materials for underwriting process.

Common Career Paths for Underwriting Assistant


Add this chart to your site:   640px 640px    300px 300px


Though it's uncommon, some Underwriting Assistants move into roles as Senior Underwriters, where pay is an average $72K per year. Underwriters or Insurance Underwriters are common next-step roles for Underwriting Assistants moving up in their careers; annual pay for Underwriters is $10K higher on average, and it's $8K higher for Insurance Underwriters.

Assistant Underwriter Job Listings

Search for more jobs:

Popular Employer Salaries for Underwriting Assistant


Liberty Mutual Insurance Group offers the largest salaries in town ($47K on average), but the considerable range in workers' salaries creates a rather varied pay scale that stretches from $40K to $84K.

Underwriting Assistants will find the worst pay at State Farm Insurance Company, where the median salary crawls in at $30K. Furthermore, compensation is curbed at $45K, leaving little room for growth.

Popular Skills for Underwriting Assistant


Survey takers who work as Underwriting Assistants usually report a few specific skills. Most notably, skills in Insurance, Customer Service, Oral / Verbal Communication, and Data Analysis are correlated to pay that is above average. At the other end of the pay range are skills like Data Analysis and Oral / Verbal Communication. Aptitude in Customer Service tends to also indicate an understanding of Insurance.

Pay by Experience Level for Underwriting Assistant

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Underwriting Assistants with a lot of experience do not necessarily enjoy more money. Workers with less than five years' experience earn around $37K on average, and those who have five to 10 years under their belts see a higher median salary of $42K. Underwriting Assistants see a median salary of $43K after reaching one to two decades on the job. Veterans who have acquired more than 20 years report a median income of $51K, which is generally higher than the pay reported by other tenure groups.

Pay Difference by Location


For Underwriting Assistants, San Francisco provides a pay rate that is 33 percent greater than the national average. Underwriting Assistants will also find cushy salaries in New York (+30 percent), Los Angeles (+25 percent), Chicago (+22 percent), and Boston (+19 percent). The lowest-paying market is Austin, which sits 18 percent below the national average.

Underwriting Assistant Reviews

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

United States (change)

Experience Affects Underwriting Assistant Salaries

Late-Career
up arrow 28%

Experienced
up arrow 8%


National Average
$40,000


Skills That Affect Underwriting Assistant Salaries

Insurance
up arrow 3%

Customer Service
0%

National Average
$40,000

Oral / Verbal Communication
up arrow 6%

Data Analysis
up arrow 7%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 167 votes.

Gender

Female
78 %
Male
22 %

Years of Experience

Less than 1 year
10%
1-4 years
40%
5-9 years
23%
10-19 years
19%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 81%
vision benefits Vision: 67% employee benefits None: 10%
ADVERTISEMENT