The average salary for an Entry-Level Underwriter is AU$61,871 per year. A skill in Risk Management / Risk Control is associated with high pay for this job.

AU$46,749 - AU$81,145
AU$47K
AU$62K
AU$81K
MEDIAN: AU$61,610
10%
50%
90%
AU$0AU$83K
Salary AU$46,749 - AU$81,145
Bonus AU$300 - AU$8,388
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$46,661 - AU$83,813
  • Country: Australia
  • Currency: AUD
  • Updated: 18 Jan 2018
  • Individuals Reporting: 154

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.

Underwriter Job Listings

Pay Difference by Location

National Average: AU$62,343

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

Key Stats for Underwriter

Gender

Female
60 %
Male
40 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 6 votes.
Less than 1 year
10%
1-4 years
68%
5-9 years
22%

Skills That Affect Underwriter Salaries


▲7%

National Average
AU$62,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 6 votes.

Gender

Female
60 %
Male
40 %

Common Health Benefits

medical benefits
Medical: 9%
dental benefits
Dental: 3%
vision benefits
Vision: 2%
no benefits
None: 90%