Underwriting Specialist Salary

The average Underwriting Specialist in the United States can expect to rake in roughly $57K annually. Residence is the biggest factor affecting pay for this group, followed by career duration. Most get medical and dental insurance, and a strong majority get vision plans, too. For the most part, Underwriting Specialists enjoy their work and report high levels of job satisfaction. Women Underwriting Specialists who took the survey just slightly outnumber men.

$35,597 - $97,652

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$11.75 - $23.98

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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$50K$100K$150K
Salary
$35,597 - $97,652  
   
Bonus
$0.00 - $14,577  
Profit Sharing
$491.32 - $4,913  
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).
)
$33,265 - $103,582  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 91
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$25$50$75
Hourly Rate
$11.75 - $23.98  
   
Overtime
$21.94 - $30.84  
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$50K$100K$150K
Bonus
$0.00 - $14,577  
   
Profit Sharing
$491.32 - $4,913  
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).
)
$33,265 - $103,582  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 14
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Job Description for Underwriting Specialist

Underwriting specialists must have excellent problem-solving skills, as they are responsible for evaluating risks and profitability of particular clients' cases. These specialists make the final decisions of whether to approve or deny a client's expense, so excellent written and verbal communication skills are also important for this position.

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Underwriting Specialist Tasks

  • Conduct and write up account reviews.
  • Evaluate case risk and profitability.
  • Manage and grow assigned portfolio.
  • Develop relationships with current and new clients.

Underwriting Specialist Job Listings

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Underwriting Specialists who responded to the survey report just a handful of professional skills. Insurance and Data Analysis are considered valuable skills and can increase employee pay. Skills that are correlated to lower pay, on the other hand, include Data Analysis and Insurance.

Pay by Experience Level for Underwriting Specialist

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


Although individuals who have less than five years' experience earn $42K on average, people with five to 10 years benefit from a notably larger average of $64K. Underwriting Specialists claiming one to two decades of experience make an estimated median of $69K. Survey respondents who have worked for more than 20 years actually report somewhat lower incomes of $65K.

Related Job Salaries

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Experience Affects Underwriting Specialist Salaries

Experienced
up arrow 29%

Late-Career
up arrow 22%

Mid-Career
up arrow 20%

National Average
$53,000

Entry-Level
up arrow 21%

Skills That Affect Underwriting Specialist Salaries

National Average
$53,000

Insurance
up arrow 6%

Data Analysis
up arrow 7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 16 votes.

Gender

Female
56 %
Male
44 %

Years of Experience

Less than 1 year
10%
1-4 years
30%
5-9 years
28%
10-19 years
21%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 82%
vision benefits Vision: 71% employee benefits None: 11%
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