Underwriting Assistants in the United States can expect wages of $41K per year on average. Cash earnings for Underwriting Assistants — which occasionally include more than $5K from bonuses and more than $4K from profit sharing — stretch from around $30K to approximately $58K. The specific employer is the biggest factor affecting pay for this group, followed by the particular city and tenure. Though the majority of Underwriting Assistants do not report high levels of job satisfaction, most are moderately content with their role. Men are in the minority of survey respondents, with female Underwriting Assistants making up 74 percent. Medical and dental coverage is claimed by a large number, and a fair number earn vision coverage. Respondents to the PayScale salary survey provided the data for this report.

$31,069 - $58,682
$31K
$41K
$59K
MEDIAN: $41,491
10%
50%
90%

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$13.17 - $24.41
$13
$17
$24
MEDIAN: $17.00
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
$31,069 - $58,682  
   
Bonus
$51.52 - $4,935  
Profit Sharing
$-0.49 - $3,915  
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).
)
$30,136 - $58,092  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 411
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
$13.17 - $24.41  
   
Hourly Tips
$0.00  
Overtime
$19.39 - $35.00  
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
$51.52 - $4,935  
   
Profit Sharing
$-0.49 - $3,915  
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).
)
$30,136 - $58,092  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 208

Find Out Exactly What You Should Be Paid

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 $73K 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

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Popular Employer Salaries for Underwriting Assistant


Well-known firms with a reputation for hiring numerous Underwriting Assistants include State Farm Insurance Company, Liberty Mutual Insurance Group, ACE Group, The Travelers Companies, Inc., and Zurich North America. Heading up the field in terms of compensation, Zurich North America offers the most; Underwriting Assistants earn $57K on average there. Also paying near the top of the field are The Travelers Companies, Inc. at $55K, Liberty Mutual Insurance Group at $47K, and The Chubb Corporation, where Underwriting Assistants annually earn $46K.

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

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


For Underwriting Assistants, more experience in the field does not usually mean bigger paychecks. People who have worked for fewer than five years earn around $38K, and folks with five to 10 years of experience see a modestly higher median of $42K. Underwriting Assistants see a median salary of $46K after reaching one to two decades on the job. As Underwriting Assistants reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $51K.

Pay Difference by Location

National Average: $40,387

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

For Underwriting Assistants, Los Angeles provides a pay rate that is 36 percent greater than the national average. Underwriting Assistants will also find cushy salaries in New York (+35 percent), San Francisco (+34 percent), Chicago (+22 percent), and Philadelphia (+21 percent). Place of residence plays a huge part in an Underwriting Assistant's salary, with Austin Underwriting Assistants earning salaries that are 24 percent less than the national average.

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 107 votes.
Less than 1 year
11%
1-4 years
48%
5-9 years
15%
10-19 years
17%
20 years or more
9%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Underwriting Assistant Salaries




National Average
$40,000


Skills That Affect Underwriting Assistant Salaries

Microsoft Excel
up arrow 12%


Microsoft Office
up arrow 2%


Customer Service
0%

National Average
$40,000

Underwriting
up arrow 1%

Data Analysis
up arrow 8%

Data Entry
up arrow 9%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 107 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

Less than 1 year
11%
1-4 years
48%
5-9 years
15%
10-19 years
17%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 82%
vision benefits
Vision: 71%
dental benefits
None: 12%
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