Average Underwriting Specialist Salary

$66,576
Avg. SalaryShow Hourly Rate
$3,931
Bonus
$3,960
Profit Sharing
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The average salary for an Underwriting Specialist is $66,576.
10%
$40k
10%
$67k
50%
$109k
90%
90%
MEDIAN $66,576
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United States (change)
Salary
$40k - $109k
Bonus
$587 - $19k
Profit Sharing
$2k - $7k
Total Pay
$34k - $116k

Your Market Worth Over Time

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Job Description for Underwriting Specialist

Underwriting Specialist Tasks
  • Manage and grow assigned portfolio.
  • Develop relationships with current and new clients.
  • Conduct and write up account reviews.
  • Evaluate case risk and profitability.

Popular Employer Salaries for Underwriting Specialist

Career Paths

Explore the most common career paths for Underwriting Specialist. 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.
Underwriting Specialist
Senior Underwriter
Manager, Underwriting
Insurance Underwriter, Commercial Proper...
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Underwriting Specialist Job Listings

Popular Skills for Underwriting Specialist

Skills in Insurance are correlated to pay that is above average. Skills that pay less than market rate include Negotiation, Microsoft Excel, Risk Management / Risk Control and Data Analysis.

Pay by Experience Level for Underwriting Specialist

An entry-level Underwriting Specialist with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $44,926 based on 16 salaries. An early career Underwriting Specialist with 1-4 years of experience earns an average total compensation of $49,438 based on 43 salaries. A mid-career Underwriting Specialist with 5-9 years of experience earns an average total compensation of $62,400 based on 32 salaries. An experienced Underwriting Specialist with 10-19 years of experience earns an average total compensation of $86,317 based on 38 salaries. In their late career (20 years and higher), employees earn an average total compensation of $91,905.
Employees with Underwriting Specialist in their job title in Boston, Massachusetts earn an average of 63.1% more than the national average. These job titles also find higher than average salaries in New York, New York (49.7% more) and Chicago, Illinois (37.5% more). The lowest salaries can be found in Omaha, Nebraska (33.2% less), Atlanta, Georgia (17.0% less) and Philadelphia, Pennsylvania (0.9% less).

Years of Experience

This data is based on 155 survey responses.
Entry Level
10.3%
Early Career
27.7%
Mid Career
20.6%
Experienced
24.5%
Late Career
16.8%

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