The average salary for an Underwriter in Singapore is S$58,795.
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S$11k - S$108k
S$3k - S$30k
S$26k - S$123k
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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. Loans are the primary source of income for a bank, and ensuring the quality of loans is of the utmost importance. Underwriters must follow all regulations, from the guidelines of the company and external underwriter to federal regulations for the appr…Read more
- 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.
Explore the most common career paths for Underwriter. Thickness and color of lines indicates how common a path is.
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)
Underwriter Job Listings
Popular Skills for Underwriter
Risk Management / Risk Control
Skills that pay less than market rate include Financial Analysis, Data Analysis, Risk Management / Risk Control and Insurance.
Pay by Experience Level for Underwriter
An entry-level Underwriter with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of S$36,000 based on 5 salaries. An early career Underwriter with 1-4 years of experience earns an average total compensation of S$48,402 based on 24 salaries. A mid-career Underwriter with 5-9 years of experience earns an average total compensation of S$67,990 based on 32 salaries. An experienced Underwriter with 10-19 years of experience earns an average total compensation of S$82,541 based on 9 salaries.
Years of Experience
This data is based on 70 survey responses.
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