The average salary for a Senior Underwriter in United Kingdom is £45,775.
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What Do Senior Underwriters Do?
Senior underwriters analyze new loan applications to determine whether an applicant should be administered a loan. They may analyze the ability to pay, credit score, and how much is being requested, and the submitted information should be verified during this process. It's also important to determine whether the application fulfills certain parameters of various loans.
Additional information should occasionally be requested from the applicant, and all risks must be analyzed to determine the lik…Read more
Senior Underwriter Tasks
- Assess eligibility of clients' applications to receive capital, insurance, mortgage, or credit.
- Evaluate collateral and ensure portfolio credit quality.
- Structure products to meet clients' needs.
Popular Employer Salaries for Senior Underwriter
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Somewhat common (8 - 20%)
Senior Underwriter Job Listings
What Are Popular Skills for Senior Underwriters?
Skills in Insurance and Negotiation are correlated to pay that is above average. Skills that pay less than market rate include Loan Underwriting, Financial Analysis and Risk Management / Risk Control.
What is the Pay by Experience Level for Senior Underwriters?
An early career Senior Underwriter with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of £34,604 based on 19 salaries. A mid-career Senior Underwriter with 5-9 years of experience earns an average total compensation of £45,504 based on 37 salaries. An experienced Senior Underwriter with 10-19 years of experience earns an average total compensation of £47,835 based on 55 salaries. In their late career (20 years and higher), employees earn an average total compensation of £52,095.
Pay Difference by Location
Employees with Senior Underwriter in their job title in London, England: London earn an average of 52.7% more than the national average. The lowest salaries can be found in Swindon, England: Wiltshire (34.2% less), Bristol, England: Bristol (18.1% less) and Manchester, England: Manchester (2.7% less).
Years of Experience
This data is based on 147 survey responses.