Underwriting Specialist Salary

Underwriting Specialists in the United States pull down an average of $57K annually. Experience level is the biggest factor affecting pay for this group, followed by geography. Most receive medical and dental insurance and a strong majority get vision plans. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 56 percent. Job satisfaction is reported as high by the vast majority of workers. The information for this rundown comes from respondents who completed 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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Professional skills reported by Underwriting Specialists are few in number. Insurance and Data Analysis are considered valuable skills and can increase employee pay. Skills that are correlated to lower pay, on the other hand, include Data Analysis and Insurance.

Pay by Experience Level for Underwriting Specialist

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


For many Underwriting Specialists, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Those in the early stages of their career can expect to make around $44K; however, individuals with five to 10 years of experience bring in $63K on average — a distinctly larger sum. After working for 10 to 20 years, Underwriting Specialists make a median salary of $68K. Underwriting Specialists who have spent more than 20 years on the job report earning a significantly higher median of $85K.

Related Job Salaries

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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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