The average salary for a Mid-Career Underwriter is AU$67,849 per year. The highest paying skills associated with this job are Insurance and Risk Management / Risk Control.

AU$53,160 - AU$90,314
AU$53K
AU$70K
AU$90K
MEDIAN: AU$69,551
10%
50%
90%
AU$0AU$96K
Salary AU$53,160 - AU$90,314
Bonus AU$294 - AU$9,967
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$53,734 - AU$96,030
  • Country: Australia
  • Currency: AUD
  • Updated: 18 Jan 2018
  • Individuals Reporting: 95

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.

Read More...

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$72,087

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

Key Stats for Underwriter

Gender

Female
44 %
Male
56 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 3 votes.
5-9 years
78%
10-19 years
22%

Skills That Affect Underwriter Salaries

▲9%


National Average
AU$72,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 3 votes.

Gender

Female
44 %
Male
56 %

Common Health Benefits

medical benefits
Medical: 10%
dental benefits
Dental: 2%
vision benefits
Vision:
no benefits
None: 88%