An Entry-Level Underwriting Assistant earns an average salary of AU$55,595 per year.

AU$40,067 - AU$64,620
AU$40K
AU$55K
AU$65K
MEDIAN: AU$54,951
10%
50%
90%
AU$0AU$65K
Salary AU$40,067 - AU$64,620
Bonus AU$4,500
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$40,344 - AU$65,594
  • Country: Australia
  • Currency: AUD
  • Updated: 9 Dec 2017
  • Individuals Reporting: 20

Job Description for Underwriting Assistant

The assistant underwriter assists the lead underwriter in assessing customers' eligibility for products such as mortgages, insurance, and credit. They may work in a variety of fields, such as bank underwriting, insurance underwriting, and real estate underwriting. In all fields, assistant underwriters must cultivate good relationships with clients and be able to obtain client information quickly and accurately. They must be able to accurately assess risks while remaining within their organization's regulations and relevant laws. Assistant underwriters typically work as a subordinate to an underwriter and work in an office environment during regular business hours, although travel may occasionally be required for risk assessment.

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Underwriting Assistant Tasks

  • Assist underwriting agents in their duties.
  • Assist in the development and monitoring of premium rates.
  • Assist business development of new business opportunities with sales and marketing efforts.
  • Assist in the evaluation and monitoring of loss potential/control from catastrophic events.
  • Enter, review and maintain accurate records of new policies and renewals.

Underwriting Assistant Job Listings

Pay Difference by Location

National Average: AU$56,755

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

Key Stats for Underwriting Assistant

Gender

Female
60 %
Male
40 %
Less than 1 year
5%
1-4 years
90%
5-9 years
5%

Gender

Female
60 %
Male
40 %

Common Health Benefits

medical benefits
Medical: 11%
dental benefits
Dental:
vision benefits
Vision:
no benefits
None: 89%