A Senior Underwriter earns an average salary of AU$104,832 per year. The skills that increase pay for this job the most are Financial Analysis and Insurance.

AU$67,464 - AU$158,196
AU$67K
AU$100K
AU$160K
MEDIAN: AU$102,991
10%
50%
90%
AU$0AU$173K
Salary AU$67,464 - AU$158,196
Bonus AU$1,939 - AU$24,958
Profit Sharing AU$1,000
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).
)
AU$68,226 - AU$173,451
  • Country: Australia
  • Currency: AUD
  • Updated: 13 Jan 2018
  • Individuals Reporting: 125

Job Description for Senior Underwriter

Senior underwriters analyze new loan applications to determine whether an applicant should be administered a loan. They may analyze the ability to pay, credit score, and how much is being requested, and the submitted information should be verified during this process. It's also important to determine whether the application fulfills certain parameters of various loans.

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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.

Senior Underwriter Job Listings

Pay by Experience Level for Senior Underwriter

Pay by Experience for a Senior Underwriter has a positive trend. An entry-level Senior Underwriter with less than 5 years of experience can expect to earn an average total compensation of AU$100,000 based on 13 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior Underwriter with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of AU$115,000 based on 28 salaries. An experienced Senior Underwriter which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of AU$130,000 based on 38 salaries. A Senior Underwriter with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of AU$125,000 based on 15 salaries.

Pay Difference by Location

National Average: AU$110,808

Larger city markers indicate a job is popular in that location.

Senior Underwriter Reviews

Q: What is it like working as a Senior Underwriter?

Senior Underwriter in Melbourne:
"I specialise in Commercial and Farm packages."
Pros: The people, the environment and the experience the job involves.
Cons: Lack of remuneration acknowledgement of job role.

Senior Underwriter in Perth:
"Insurance Underwriter."
Pros: Independance of workflow and ability to make decisions.
Cons: Large workflow and tight deadlines.

Related Job Salaries

Key Stats for Senior Underwriter

Gender

Female
47 %
Male
53 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 3 votes.
Less than 1 year
1%
1-4 years
10%
5-9 years
26%
10-19 years
43%
20 years or more
20%

Experience Affects Senior Underwriter Salaries

▲17%

▲13%

▲4%

National Average
AU$111,000

▼10%

Skills That Affect Senior Underwriter Salaries


▲15%

National Average
AU$111,000


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 3 votes.

Gender

Female
47 %
Male
53 %

Years of Experience

Less than 1 year
1%
1-4 years
10%
5-9 years
26%
10-19 years
43%
20 years or more
20%

Common Health Benefits

medical benefits
Medical: 12%
dental benefits
Dental: 1%
vision benefits
Vision: 1%
no benefits
None: 88%