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Underwriting Specialist Salary

Average Underwriting Specialists in the United States make around $56K per year. Career length 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. A large number receive medical and dental insurance and a fair number get vision plans. The majority of Underwriting Specialists claim high levels of job satisfaction. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$35,397 - $97,703
(Median)
$35K
$56K
$98K
MEDIAN: $56,380
10%
50%
90%

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$13.58 - $25.41
(Median)
$14
$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
$35,397 - $97,703  
   
Bonus
$0.00 - $14,795  
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).
)
$33,507 - $102,695  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 87
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
$13.58 - $25.41  
   
Overtime
$21.94 - $30.84  
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 - $14,795  
   
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).
)
$33,507 - $102,695  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 12

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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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Underwriting Specialists only 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.


Underwriting Specialists generally obtain higher compensation for more plentiful past experience. Survey participants with less than five years' experience pocket $42K on average, but those with five to 10 years of experience enjoy a much bigger median of $65K. For Underwriting Specialists, 10 to 20 years of experience on the job amounts to an average salary of $67K. Old hands who claim more than two decades on the job enjoy average earnings of $85K.

Related Job Salaries

United States (change)

Experience Affects Underwriting Specialist Salaries

Late-Career
up arrow 56%

Experienced
up arrow 23%

Mid-Career
up arrow 19%

National Average
$54,000

Entry-Level
up arrow 24%

Skills That Affect Underwriting Specialist Salaries

National Average
$54,000

Insurance
up arrow 9%

Data Analysis
up arrow 9%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 17 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
10%
1-4 years
31%
5-9 years
29%
10-19 years
18%
20 years or more
11%

Common Health Benefits

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