Underwriting Specialist Salary

The average Underwriting Specialist in the United States can expect to rake in roughly $72K per year. Experience level and the particular city each impact pay for this group, with the former having the largest influence. Women Underwriting Specialists who took the survey just slightly outnumber men. Job satisfaction for Underwriting Specialists is high. Almost all report receiving medical coverage from their employers and nearly all collect dental insurance. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$36,639 - $111,774
$37K
$72K
$110K
MEDIAN: $72,424
10%
50%
90%

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$15.26 - $23.61
$18
MEDIAN: $17.68
50%

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$0$119K
Salary $36,639 - $111,774
Bonus $776 - $19,836
Profit Sharing $3,230
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).
)
$35,774 - $119,476
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 69
Hourly Data $0$37
Hourly Rate $17.68
Overtime $35.76
Annual Data $0$119K
Bonus $776 - $19,836
Profit Sharing $3,230
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).
)
$35,774 - $119,476
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 8

Find Out Exactly What You Should Be Paid

United States (change)

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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

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

Underwriting Specialist Job Listings

Pay by Experience Level for Underwriting Specialist

Pay by Experience for an Underwriting Specialist has a positive trend. An entry-level Underwriting Specialist with less than 5 years of experience can expect to earn an average total compensation of $48,000 based on 37 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Underwriting Specialist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $60,000 based on 24 salaries. An experienced Underwriting Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $86,000 based on 21 salaries. An Underwriting Specialist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $111,000 based on 9 salaries.

Underwriting Specialist Advice

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

Underwriting Specialist in Atlanta:
"Career Path."
Get a good mentor.

Underwriting Specialist in Duluth:
Pros: Solving problems in an analytical way that is beneficial to all parties.
Cons: I don't dislike my job, I wish it paid better.

Related Job Salaries

Key Stats for Underwriting Specialist

Gender

Female
58 %
Male
42 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 8 votes.
Less than 1 year
8%
1-4 years
30%
5-9 years
22%
10-19 years
26%
20 years or more
14%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Underwriting Specialist Salaries

Late-Career
▲63%

Experienced
▲26%

National Average
$68,000

Mid-Career
▼11%

Entry-Level
▼29%

Skills That Affect Underwriting Specialist Salaries

Insurance
▲51%

Underwriting
▲20%

National Average
$68,000

Data Analysis
▼30%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 8 votes.

Gender

Female
58 %
Male
42 %

Years of Experience

Less than 1 year
8%
1-4 years
30%
5-9 years
22%
10-19 years
26%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 97%
dental benefits
Dental: 90%
vision benefits
Vision: 83%
no benefits
None: 3%
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