An Underwriter in Perth, Western Australia earns an average salary of AU$65,884 per year. People in this job generally don't have more than 20 years' experience.

AU$41,459 - AU$84,286
AU$41K
AU$62K
AU$84K
MEDIAN: AU$62,443
10%
50%
90%
AU$0AU$85K
Salary AU$41,459 - AU$84,286
Bonus AU$715 - AU$9,787
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$41,780 - AU$85,497
  • Country: Australia
  • Currency: AUD
  • Updated: 8 Dec 2017
  • Individuals Reporting: 23

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

Key Stats for Underwriter

Gender

Female
58 %
Male
42 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 2 votes.
Less than 1 year
4%
1-4 years
42%
5-9 years
21%
10-19 years
25%
20 years or more
8%

Experience Affects Underwriter Salaries

▲6%

▲4%

National Average
AU$64,000

▼5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 2 votes.

Gender

Female
58 %
Male
42 %

Years of Experience

Less than 1 year
4%
1-4 years
42%
5-9 years
21%
10-19 years
25%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 13%
dental benefits
Dental: 7%
vision benefits
Vision: 7%
no benefits
None: 87%