The average salary for an Underwriting Specialist is $66,576.
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$40k - $109k
$587 - $19k
$2k - $7k
$34k - $116k
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Job Description for Underwriting Specialist
Underwriting specialists must have excellent problem-solving skills, as they are responsible for evaluating risks and profitability of particular clients' cases. These specialists make the final decisions of whether to approve or deny a client's expense, so excellent written and verbal communication skills are also important for this position. Underwriting specialists must be able to work on a high volume of cases, and some may occasionally be required to travel in order to manage cases for sev…Read more
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
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.
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.
Pay Difference by Location
Learn more about cost of living by city.
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.
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