An Underwriter in Sydney, New South Wales earns an average salary of AU$71,384 per year. For the first five to ten years in this position, pay increases somewhat, but any additional experience does not have a big effect on pay. People in this job generally don't have more than 20 years' experience.

AU$48,097 - AU$88,132
AU$48K
AU$69K
AU$88K
MEDIAN: AU$69,358
10%
50%
90%
AU$0AU$93K
Salary AU$48,097 - AU$88,132
Bonus AU$497 - AU$9,658
Profit Sharing AU$500
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$49,149 - AU$93,406
  • Country: Australia
  • Currency: AUD
  • Updated: 4 Jan 2018
  • Individuals Reporting: 92

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
43 %
Male
57 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 5 votes.
Less than 1 year
8%
1-4 years
45%
5-9 years
33%
10-19 years
12%
20 years or more
2%

Experience Affects Underwriter Salaries

▲15%

▲11%

National Average
AU$70,000

▼1%

Skills That Affect Underwriter Salaries

▲10%

National Average
AU$70,000


Job Satisfaction

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

Gender

Female
43 %
Male
57 %

Years of Experience

Less than 1 year
8%
1-4 years
45%
5-9 years
33%
10-19 years
12%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 9%
dental benefits
Dental:
vision benefits
Vision:
no benefits
None: 91%