AU$66,137
Avg. Salary

Average additional compensation for this job:

Bonus

AU$4,350

Profit Sharing

AU$0.00

Commission

AU$13,200

The average pay for an Underwriter is $56,568 per year.

AU$48,943 - AU$90,264
AU$49K
AU$66K
AU$90K
MEDIAN: AU$66,137
10%
50%
90%
AU$25.24 - AU$30.19
AU$28
MEDIAN: AU$27.53
50%
AU$0AU$95K
Salary AU$48,943 - AU$90,264
Bonus AU$499 - AU$12,080
Profit Sharing AU$0.00
Commission AU$13,200
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$49,413 - AU$95,305
  • Country: Australia
  • Currency: AUD
  • Updated: 22 Sep 2018
  • Individuals Reporting: 239
Hourly Data AU$0AU$30
Hourly Rate AU$27.53
Annual Data AU$0AU$95K
Bonus AU$499 - AU$12,080
Commission AU$13,200
Profit Sharing AU$0.00
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$49,413 - AU$95,305
  • Country: United States
  • Currency: AUD
  • Updated: 22 Sep 2018
  • Individuals Reporting: 8

Job Description for Underwriter

Underwriters work primarily in banks which handle loans and mortgages and are responsible for analyzing the risks of a loan based on the data in the application. They also oversee other information in the loan application to ensure it is accurate.

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Underwriter Tasks

  • Analyze new and renewal business, data, claim history, loss experience, and outcome of liability decisions.
  • Underwrite, submit, approve or pend coverage amounts and premiums, and present decisions to management.
  • Monitor existing policies for compliance with company guidelines.
  • Manage underwriting territory and select new business based on analysis of their profitability.

Popular Employer Salaries for Underwriter

Underwriter Job Listings

Pay by Experience Level for Underwriter

Pay by Experience for an Underwriter has a positive trend. An entry-level Underwriter with less than 5 years of experience can expect to earn an average total compensation of AU$62,000 based on 89 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An 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$70,000 based on 53 salaries. An experienced Underwriter which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of AU$75,000 based on 26 salaries. An 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$77,000 based on 9 salaries.

Pay Difference by Location

6%

-2%

-2%

-4%

-17%

National Average: AU$67,614

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

Related Job Salaries

Key Stats for Underwriter

Gender

Female
56 %
Male
44 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 6 votes.
Less than 1 year
5%
1-4 years
40%
5-9 years
32%
10-19 years
18%
20 years or more
5%

Experience Affects Underwriter Salaries

▲14%

▲11%

▲4%

National Average
AU$68,000

▼8%

Skills That Affect Underwriter Salaries

▲8%


National Average
AU$68,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 6 votes.

Gender

Female
56 %
Male
44 %

Years of Experience

Less than 1 year
5%
1-4 years
40%
5-9 years
32%
10-19 years
18%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 11%
dental benefits
Dental: 3%
vision benefits
Vision: 3%
no benefits
None: 87%