Median pay for Underwriting Specialists in the United States lies in the neighborhood of $69K annually. Career length is the biggest factor affecting pay for this group, followed by geography. For the most part, Underwriting Specialists enjoy their work and report high levels of job satisfaction. Medical benefits are awarded to nearly all, and most earn dental coverage. Female Underwriting Specialists survey participants are more prevalent than men — 62 percent of professionals. The data for this synopsis comes from respondents who took the PayScale salary survey.

$32,888 - $114,601
$33K
$69K
$110K
MEDIAN: $68,890
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
$32,888 - $114,601  
   
Bonus
$600 - $18,604  
Profit Sharing
$2,543  
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).
)
$32,416 - $120,844  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 71
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
$33.03  
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
$600 - $18,604  
   
Profit Sharing
$2,543  
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).
)
$32,416 - $120,844  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | 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

  • 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

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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. Average salaries for inexperienced employees average out to around $48K, but folks who have five to 10 years of experience earn a higher median of $59K. After working for 10 to 20 years, Underwriting Specialists make a median salary of $86K. 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
62 %
Male
38 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 9 votes.
031
Less than 1 year
10%
1-4 years
32%
5-9 years
23%
10-19 years
23%
20 years or more
12%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Underwriting Specialist Salaries

Late-Career
up arrow 67%

Experienced
up arrow 44%

National Average
$60,000

Mid-Career
up arrow 1%

Entry-Level
up arrow 21%

Skills That Affect Underwriting Specialist Salaries

Insurance
up arrow 71%

Underwriting
up arrow 37%

National Average
$60,000

Data Analysis
up arrow 21%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 9 votes.

Gender

Female
62 %
Male
38 %

Years of Experience

Less than 1 year
10%
1-4 years
32%
5-9 years
23%
10-19 years
23%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 85%
vision benefits
Vision: 76%
dental benefits
None: 7%
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