Underwriting Assistant Salary

Underwriting Assistants in the United States can expect only a modest salary, with average pay of just $41K annually. Total cash compensation to Underwriting Assistants bottoms out near $29K and approaches $55K on the high end; the biggest paychecks include approximately $4K from bonuses and almost $5K from profit sharing. This group's pay is mainly influenced by the particular firm, followed by geography and experience level. Most Underwriting Assistants survey respondents are women (78 percent). Medical benefits are awarded to most, and a large number earn dental coverage. The majority of Underwriting Assistants claim high levels of job satisfaction. The data for this synopsis comes from respondents who took the PayScale salary survey.

$29,549 - $54,960
(Median)
$30K
$41K
$55K
MEDIAN: $40,528
10%
50%
90%

Add this chart to your site: 640px    300px

$12.76 - $23.10
(Median)
$13
$17
$23
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
$29,549 - $54,960  
   
Bonus
$0.00 - $3,575  
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).
)
$29,161 - $55,190  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 599
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$14$28$42
Hourly Rate
$12.76 - $23.10  
   
Overtime
$17.65 - $39.07  
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$28K$56K$84K
Bonus
$0.00 - $3,575  
   
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).
)
$29,161 - $55,190  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 207
United States (change)

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.

Assistant Underwriter Job Listings

Search for more jobs:

Popular Employer Salaries for Underwriting Assistant


Dominating the field, State Farm Insurance Company, Liberty Mutual Insurance Group, Zurich North America, ACE Group, and Zurich are top firms with a reputation for hiring a great number of Underwriting Assistants. Although Zurich North America leads the field in pay with a median salary of $54K, employees there receive a wide spread of salaries, from $32K on the low end all the way up to $62K at the top.

State Farm Insurance Company offers the lowest pay in the field with a median salary of just $30K. There's also little variation in pay at the company, with pay ranging from $27K to $44K.


Underwriting Assistants only 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. Skills that seem to negatively impact pay include Data Analysis and Oral / Verbal Communication. Competency in Customer Service frequently indicates knowledge of Insurance.

Pay by Experience Level for Underwriting Assistant

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


More years of relevant experience do not necessarily translate to higher paychecks. Salaries for inexperienced workers average out to $42K, and those with five to 10 years' experience earn a higher median of $37K. For Underwriting Assistants, 10 to 20 years of experience on the job amounts to an average salary of $43K. In the end, the overall pattern seems to be that more experience generally corresponds to higher pay; an Underwriting Assistant with more than 20 years of experience can earn $51K on average.

Pay Difference by Location


For those looking to make money, Underwriting Assistants in San Francisco enjoy an exceptional pay rate, 34 percent above the national average. Underwriting Assistants can also look forward to large paychecks in cities like New York (+29 percent), Los Angeles (+27 percent), Chicago (+22 percent), and Boston (+19 percent). The smallest paychecks in the market, 19 percent south of the national average, can be found in Austin. A couple other locations with smaller-than-average paychecks include Richmond (8 percent lower) and Atlanta (2 percent lower).

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)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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
up arrow 1%

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 158 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