Underwriting Specialists in the United States take home an average $65K per year. Experience level and the particular city each impact pay for this group, with the former having the largest influence. Job satisfaction for Underwriting Specialists is high. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 55 percent. The data in this summary comes from the PayScale salary survey.

$33,155 - $115,836
$33K
$65K
$120K
MEDIAN: $64,707
10%
50%
90%

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$10.14 - $24.66
$10
$17
$25
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$50K$100K$150K
Salary
$33,155 - $115,836  
   
Bonus
$602 - $18,399  
Profit Sharing
$2,500  
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).
)
$32,622 - $120,055  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 74
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
$10.14 - $24.66  
   
Overtime
$28.53  
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
$602 - $18,399  
   
Profit Sharing
$2,500  
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).
)
$32,622 - $120,055  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 11

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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

  • 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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Pay by Experience Level for Underwriting Specialist

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


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. The average inexperienced worker earns $44K, and someone who has worked for five to 10 years can expect a bigger median salary of $63K. Underwriting Specialists bring in $92K after working for 10 to 20 years. People who have worked for more than 20 years report a median income of $100K, which is barely higher than the median for folks with 10 to 20 years of experience.

Related Job Salaries

Key Stats for Underwriting Specialist

Gender

Female
55 %
Male
45 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 10 votes.
Less than 1 year
9%
1-4 years
35%
5-9 years
20%
10-19 years
24%
20 years or more
12%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Underwriting Specialist Salaries

Late-Career
up arrow 77%

Experienced
up arrow 62%

Mid-Career
up arrow 11%

National Average
$57,000

Entry-Level
up arrow 22%

Skills That Affect Underwriting Specialist Salaries

Insurance
up arrow 82%

Underwriting
up arrow 54%

National Average
$57,000

Data Analysis
up arrow 18%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 10 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
9%
1-4 years
35%
5-9 years
20%
10-19 years
24%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 83%
vision benefits
Vision: 72%
dental benefits
None: 7%
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