The average salary for an Underwriting Assistant is $44,166.
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$33k - $60k
$400 - $5k
$199 - $5k
$31k - $59k
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Job Description for Underwriting Assistant
The assistant underwriter assists the lead underwriter in assessing customers' eligibility for products such as mortgages, insurance, and credit. They may work in a variety of fields, such as bank underwriting, insurance underwriting, and real estate underwriting. In all fields, assistant underwriters must cultivate good relationships with clients and be able to obtain client information quickly and accurately. They must be able to accurately assess risks while remaining within their organizatio…Read more
Underwriting Assistant Tasks
- Assist underwriting agents in their duties.
- Assist in the development and monitoring of premium rates.
- Assist business development of new business opportunities with sales and marketing efforts.
- Assist in the evaluation and monitoring of loss potential/control from catastrophic events.
- Enter, review and maintain accurate records of new policies and renewals.
Popular Employer Salaries for Underwriting Assistant
The top respondents for the job title Underwriting Assistant are from the companies State Farm Insurance Company, The Chubb Corporation and Amwins Group, Inc.. Reported salaries are highest at The Chubb Corporation where the average pay is $47,327. Other companies that offer high salaries for this role include Zurich Insurance Company and Burns and Wilcox, Ltd., earning around $46,312 and $46,055, respectively. Risk Placement Services, Inc. pays the lowest at around $36,174. State Farm Insurance Company and WR Berkley Corporation also pay on the lower end of the scale, paying $36,222 and $42,000, respectively.
Explore the most common career paths for Underwriting Assistant. 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.
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)
Underwriting Assistant Job Listings
Popular Skills for Underwriting Assistant
Oral / Verbal Communication
Skills in Insurance, Microsoft Office and Microsoft Excel are correlated to pay that is above average. Skills that pay less than market rate include Oral / Verbal Communication and Customer Service.
Pay by Experience Level for Underwriting Assistant
An entry-level Underwriting Assistant with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $40,199 based on 147 salaries. An early career Underwriting Assistant with 1-4 years of experience earns an average total compensation of $41,592 based on 562 salaries. A mid-career Underwriting Assistant with 5-9 years of experience earns an average total compensation of $44,614 based on 187 salaries. An experienced Underwriting Assistant with 10-19 years of experience earns an average total compensation of $48,360 based on 192 salaries. In their late career (20 years and higher), employees earn an average total compensation of $52,998.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Underwriting Assistant in their job title in New York, New York earn an average of 25.1% more than the national average. These job titles also find higher than average salaries in San Francisco, California (23.1% more) and Chicago, Illinois (16.9% more). The lowest salaries can be found in Dallas, Texas (8.3% less) and Richmond, Virginia (2.7% less).
Years of Experience
This data is based on 1,215 survey responses.
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