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Underwriting Specialist Salary

Underwriting Specialists in the United States can expect to earn an average of $56K per year. Most workers in this position report high levels of job satisfaction. Men make up a slight majority of Underwriting Specialists (50 percent) who responded to the survey. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 50 percent. A large number get medical and dental insurance, and a fair number get vision plans, too. Respondents to the PayScale salary survey provided the data for this report.

$35,488 - $97,549
(Median)
$35K
$56K
$98K
MEDIAN: $56,380
10%
50%
90%

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$13.14 - $25.41
(Median)
$13
$18
$25
MEDIAN: $17.00
10%
50%
90%

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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$50K$100K$150K
Salary
$35,488 - $97,549  
   
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).
)
$33,164 - $102,426  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 89
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$25$50$75
Hourly Rate
$13.14 - $25.41  
   
Overtime
$21.35 - $30.52  
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$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).
)
$33,164 - $102,426  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 12

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Job Description for Underwriting Specialist

  • 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 usually report a few specific skills. Data Analysis and Insurance are considered valuable skills and can increase employee pay. At the other end of the pay range are skills like Insurance and Data Analysis.

Pay by Experience Level for Underwriting Specialist

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


For many Underwriting Specialists, more experience generally translates to higher pay. The average worker who claims fewer than five years of experience earns around $42K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $64K. The average pay reported by folks with 10 to 20 years of experience is around $68K. Seasoned veterans with 20 years under their belts enjoy a median income of $87K.

Related Job Salaries

United States (change)

Experience Affects Underwriting Specialist Salaries

Late-Career
up arrow 60%

Experienced
up arrow 24%

Mid-Career
up arrow 17%

National Average
$55,000

Entry-Level
up arrow 23%

Skills That Affect Underwriting Specialist Salaries

National Average
$55,000

Data Analysis
up arrow 9%

Insurance
up arrow 10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 18 votes.

Gender

Female
50 %
Male
50 %

Years of Experience

Less than 1 year
11%
1-4 years
30%
5-9 years
30%
10-19 years
18%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 84%
vision benefits Vision: 72% employee benefits None: 9%