$147,107
Avg. Salary
Avg. Hourly Rate
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The average pay for an Underwriter is {{pay}} per hour.

The average pay for an Underwriter is $147,107 per year.

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$103k
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$147k
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$153k
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MEDIAN $147,107

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

Pay Difference by Location

National Average: $163,187

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

Key Stats for Underwriter

10-19 years
100%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 100%
vision benefits
Vision: 86%
no benefits
None: