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Average Senior Underwriter Salary in United Kingdom

£45,775
Avg. Salary
£4,826
Bonus
£2,500
Profit Sharing
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The average salary for a Senior Underwriter in United Kingdom is £45,775.
10%
£29k
MEDIAN
£46k
90%
£88k
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Salary
£29k - £88k
Bonus
£1k - £20k
Profit Sharing
£965 - £10k
Total Pay
£30k - £99k
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What Do Senior Underwriters Do?

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

£38k

Career Paths

Explore the most common career paths for Senior Underwriter. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Senior Underwriter
Manager, Underwriting
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Senior Underwriter Job Listings

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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.
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.
Early Career
12.9%
Mid Career
25.2%
Experienced
37.4%
Late Career
24.5%

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