The average pay for an Underwriter in Melbourne, Victoria is AU$62,865 per year. Most people move on to other jobs if they have more than 10 years' experience in this field.

AU$46,557 - AU$85,117
AU$47K
AU$64K
AU$85K
MEDIAN: AU$63,729
10%
50%
90%
AU$0AU$86K
Salary AU$46,557 - AU$85,117
Bonus AU$4,913
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$46,557 - AU$86,895
  • Country: Australia
  • Currency: AUD
  • Updated: 8 Dec 2017
  • Individuals Reporting: 38

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
67 %
Male
33 %
Less than 1 year
3%
1-4 years
58%
5-9 years
26%
10-19 years
13%

Experience Affects Underwriter Salaries

▲5%

▲3%

National Average
AU$66,000

Gender

Female
67 %
Male
33 %

Years of Experience

Less than 1 year
3%
1-4 years
58%
5-9 years
26%
10-19 years
13%

Common Health Benefits

medical benefits
Medical: 5%
dental benefits
Dental:
vision benefits
Vision:
no benefits
None: 95%