Underwriting Specialist Salary

Underwriting Specialists in the United States pull down an average of $57K annually. Career duration is the biggest factor affecting pay for this group, followed by geography. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 56 percent. Most claim medical and dental insurance and a strong majority get vision coverage. The majority of Underwriting Specialists claim high levels of job satisfaction. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$35,958 - $100,135
(Median)
$36K
$57K
$100K
MEDIAN: $56,757
10%
50%
90%

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$13.64 - $25.00
(Median)
$14
$19
$25
MEDIAN: $18.00
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$50K$100K$150K
Salary
$35,958 - $100,135  
   
Bonus
$-0.49 - $15,205  
Profit Sharing
$2,250  
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).
)
$34,395 - $106,807  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 108
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
$13.64 - $25.00  
   
Overtime
$29.48  
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
$-0.49 - $15,205  
   
Profit Sharing
$2,250  
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).
)
$34,395 - $106,807  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 17
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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 note just a narrow range of job skills. Insurance and Data Analysis are considered valuable skills and can increase employee pay. At the other end of the pay range are skills like Data Analysis and Insurance.

Pay by Experience Level for Underwriting Specialist

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


Experience seems to be a major factor in determining the incomes of Underwriting Specialists. The average worker who claims fewer than five years of experience earns around $44K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $63K. Underwriting Specialists claiming one to two decades of experience make an estimated median of $68K. Seasoned veterans with 20 years under their belts enjoy a median income of $85K.

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Experience Affects Underwriting Specialist Salaries

Late-Career
up arrow 55%

Experienced
up arrow 24%

Mid-Career
up arrow 14%

National Average
$55,000

Entry-Level
up arrow 19%

Skills That Affect Underwriting Specialist Salaries

National Average
$55,000

Insurance
up arrow 9%

Data Analysis
up arrow 13%

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
11%
1-4 years
34%
5-9 years
24%
10-19 years
21%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 84%
medical benefits
Vision: 75%
dental benefits
None: 8%
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