Underwriting Specialist Salary

Underwriting Specialists in the United States can expect to earn an average of $56K annually. Location is the biggest factor affecting pay for this group, followed by experience level. The majority of Underwriting Specialists claim high levels of job satisfaction. Most get medical and dental insurance, and a strong majority get vision plans, too. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 55 percent.

$35,928 - $97,092
(Median)
$36K
$56K
$97K
MEDIAN: $56,267
10%
50%
90%

Add this chart to your site: 640px    300px

$10.30 - $25.17
(Median)
$10
$17
$25
MEDIAN: $16.00
10%
50%
90%

Add this chart to your site: 640px    300px

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
$35,928 - $97,092  
   
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).
)
$33,623 - $102,167  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 88
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
$10.30 - $25.17  
   
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).
)
$33,623 - $102,167  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 13
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

Read More...

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

Search for more jobs:


Underwriting Specialists who responded to the survey indicated only a few skills that they use on the job. Data Analysis and Insurance are considered valuable skills and can increase employee pay. Skills that seem to negatively impact pay include 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 who reported more years of relevant experience also reported higher earnings. Relatively untried employees who have less than five years' experience make $42K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $64K. Underwriting Specialists see a median salary of $67K after reaching one to two decades on the job. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $75K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Underwriting Specialist Salaries

Late-Career
up arrow 41%

Experienced
up arrow 25%

Mid-Career
up arrow 20%

National Average
$53,000

Entry-Level
up arrow 20%

Skills That Affect Underwriting Specialist Salaries

National Average
$53,000

Insurance
up arrow 7%

Data Analysis
up arrow 7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 16 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
10%
1-4 years
32%
5-9 years
29%
10-19 years
20%
20 years or more
10%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 82%
vision benefits Vision: 72% employee benefits None: 11%
ADVERTISEMENT