$59,961
Avg. Salary
$24.55
Avg. Hourly Rate

Average additional compensation:

$5,954

Bonus

$2,501

Profit Sharing

What am I worth?
How should I pay?

The average pay for an Underwriter, Business Banking is $24.55 per hour.

The average pay for an Underwriter, Business Banking is $59,961 per year.

10%
$17.77
10%
$24.55
50%
$30.94
90%
90%
MEDIAN $24.55
10%
$44k
10%
$60k
50%
$84k
90%
90%
MEDIAN $59,961
$44,134 - $83,686
$44K
$60K
$84K
MEDIAN: $59,961
10%
50%
90%

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$17.77 - $30.94
$18
$25
$31
MEDIAN: $24.55
10%
50%
90%

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$0$88K
Salary $44,134 - $83,686
Bonus $1,335 - $9,107
Profit Sharing $300 - $8,250
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).
)
$41,897 - $88,728
  • Country: United States
  • Currency: USD
  • Updated: 20 Apr 2019
  • Individuals Reporting: 132
Hourly Data $0$33
Hourly Rate $17.77 - $30.94
Overtime $33.00
Annual Data $0$88K
Bonus $1,335 - $9,107
Profit Sharing $300 - $8,250
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).
)
$41,897 - $88,728
  • Country: United States
  • Currency: USD
  • Updated: 20 Apr 2019
  • Individuals Reporting: 16

Job Description for Underwriter, Business Banking

A business banking underwriter usually assists the commercial lending process. The underwriter will prepare financial statements related to the financial health of the potential borrower. This should include years of historical financial information, in order to show comparisons. Research is involved to create these spreadsheets, which include looking at past tax returns, credit history, balance sheets, income statements, cash flow statements, and other financial statements.

Read More...
Underwriter, Business Banking Tasks
  • Review, analyze, and conduct risk assessment of commercial properties, business entities, and clients' financial profiles.
  • Assist loan officers with audits, credit examinations, and risk ratings and verify loan documentation accuracy.
  • Assist in loan closing activities, identifying and recommending actions for clients to limit risk factors.
  • Review appraisals, property inspections, and environmental reports to assess and identify property risk factors.

Underwriter, Business Banking Job Listings

Popular Skills for Underwriter, Business Banking

Pay by Experience Level for Underwriter, Business Banking

Pay by Experience for an Underwriter, Business Banking has a positive trend. An entry-level Underwriter, Business Banking with less than 5 years of experience can expect to earn an average total compensation of $57,000 based on 53 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Underwriter, Business Banking with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $71,000 based on 16 salaries. An experienced Underwriter, Business Banking which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $72,000 based on 13 salaries. An Underwriter, Business Banking with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $68,000 based on 5 salaries.

Related Job Salaries

Key Stats for Underwriter, Business Banking

Gender

Female
29 %
Male
71 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 23 votes.
Less than 1 year
4%
1-4 years
53%
5-9 years
22%
10-19 years
16%
20 years or more
4%

Experience Affects Underwriter, Business Banking Salaries

Experienced
▲16%

Mid-Career
▲15%

Late-Career
▲10%

National Average
$62,000

Entry-Level
▼7%

Skills That Affect Underwriter, Business Banking Salaries

Loan Underwriting
▲8%


National Average
$62,000

Risk Management / Risk Control
▼2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 23 votes.

Gender

Female
29 %
Male
71 %

Years of Experience

Less than 1 year
4%
1-4 years
53%
5-9 years
22%
10-19 years
16%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 83%
vision benefits
Vision: 69%
no benefits
None: 7%