Underwriting Technician Salary

Underwriting Technicians aren't exactly in the most profitable line of business; these folks earn a belt-tightening average of $39K per year. Men are in the minority of survey respondents, with female Underwriting Technicians making up 71 percent. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to a strong majority. Job satisfaction for Underwriting Technicians is high. The numbers in this rundown were provided by PayScale's salary survey participants.

$28,284 - $56,219
(Median)
$28K
$39K
$56K
MEDIAN: $38,631
10%
50%
90%

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$11.79 - $22.37
(Median)
$12
$17
$22
MEDIAN: $16.00
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$19K$38K$57K
Salary
$28,284 - $56,219  
   
Bonus
$0.00 - $4,055  
Profit Sharing
$989 - $3,521  
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).
)
$28,203 - $55,733  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 57
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$10$20$30
Hourly Rate
$11.79 - $22.37  
   
Overtime
$9.75 - $24.77  
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$20K$40K$60K
Bonus
$0.00 - $4,055  
   
Profit Sharing
$989 - $3,521  
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).
)
$28,203 - $55,733  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 29
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Job Description for Underwriting Technician

An underwriting technician, sometimes referred to as an underwriting assistant or underwriter, is the person who is responsible for determining whether customers qualify for various policies relating to insurance or loans. Generally, traditional daytime office hours are kept for this position, and little or no travel is required. This person can work with a team of others in the office or be able to work under little supervision.

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Experience Affects Underwriting Technician Salaries

Experienced
up arrow 21%

Mid-Career
up arrow 5%

National Average
$38,000

Entry-Level
up arrow 12%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 12 votes.

Gender

Female
71 %
Male
29 %

Years of Experience

Less than 1 year
5%
1-4 years
42%
5-9 years
21%
10-19 years
27%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 79%
vision benefits Vision: 73% employee benefits None: 10%
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