Average Senior Underwriter Salary in Australia

AU$100,794
Avg. Salary
AU$9,876
Bonus
AU$0
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The average salary for a Senior Underwriter in Australia is AU$100,794.
10%
AU$70k
MEDIAN
AU$101k
90%
AU$161k
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United States (change)
Salary
AU$70k - AU$161k
Bonus
AU$3k - AU$25k
Total Pay
AU$70k - AU$180k

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Job Description for Senior Underwriter

Senior Underwriter Tasks
  • Assess eligibility of clients' applications to receive capital, insurance, mortgage, or credit.
  • Evaluate collateral and ensure portfolio credit quality.
  • Structure products to meet clients' needs.

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Popular Skills for Senior Underwriter

Skills in Insurance, Risk Management / Risk Control, Financial Analysis and Customer Relationship Management (CRM) are correlated to pay that is above average. Skills that pay less than market rate include Technical Analysis.

Pay by Experience Level for Senior Underwriter

An early career Senior Underwriter with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of AU$85,000 based on 12 salaries. A mid-career Senior Underwriter with 5-9 years of experience earns an average total compensation of AU$102,341 based on 32 salaries. An experienced Senior Underwriter with 10-19 years of experience earns an average total compensation of AU$112,841 based on 54 salaries. In their late career (20 years and higher), employees earn an average total compensation of AU$103,517.
Employees with Senior Underwriter in their job title in Sydney, New South Wales earn an average of 6.9% more than the national average. These job titles also find higher than average salaries in Perth, Western Australia (5.6% more). The lowest salaries can be found in Brisbane, Queensland (5.7% less) and Melbourne, Victoria (4.0% less).

Years of Experience

This data is based on 124 survey responses.
Early Career
9.7%
Mid Career
25.8%
Experienced
43.5%
Late Career
21.0%

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