Underwriting Specialist Salary

Underwriting Specialists in the United States can expect wages of $72K annually on average. Career length is the biggest factor affecting pay for this group, followed by geography. Female Underwriting Specialists survey participants are more prevalent than men — 61 percent of professionals. Work is enjoyable for Underwriting Specialists, who typically claim high levels of job satisfaction. Medical benefits are awarded to nearly all, and most earn dental coverage. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$35,216 - $113,284
$35K
$72K
$110K
MEDIAN: $71,512
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
$35,216 - $113,284  
   
Bonus
$613 - $18,845  
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).
)
$32,549 - $119,155  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 68
© PayScale, Inc. @ www.payscale.com
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
$613 - $18,845  
   
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).
)
$32,549 - $119,155  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 11
© PayScale, Inc. @ www.payscale.com

Find Out Exactly What You Should Be Paid

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. Someone who has worked for fewer than five years earns around $48K on average. Individuals with five to 10 years of experience don't get much more, though; the average income in this group is $60K. After working for 10 to 20 years, Underwriting Specialists make a median salary of $86K. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $111K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

Related Job Salaries

Key Stats for Underwriting Specialist

Gender

Female
61 %
Male
39 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 9 votes.
Less than 1 year
10%
1-4 years
32%
5-9 years
22%
10-19 years
25%
20 years or more
11%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Underwriting Specialist Salaries

Late-Career
▲78%

Experienced
▲38%

National Average
$62,000

Mid-Career
▼3%

Entry-Level
▼22%

Skills That Affect Underwriting Specialist Salaries

Insurance
▲65%

Underwriting
▲32%

National Average
$62,000

Data Analysis
▼24%

Job Satisfaction

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

Gender

Female
61 %
Male
39 %

Years of Experience

Less than 1 year
10%
1-4 years
32%
5-9 years
22%
10-19 years
25%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 86%
vision benefits
Vision: 77%
dental benefits
None: 6%
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