The average salary for an Underwriting Technician is $45,857.
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$33k - $65k
$981 - $7k
$992 - $3k
$31k - $63k
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Job Description for Underwriting Technician
An underwriting technician, sometimes referred to as an underwriting assistant or underwriter, is the person who is responsible for determining whether customers qualify for various policies relating to insurance or loans. Generally, traditional daytime office hours are kept for this position, and little or no travel is required. This person can work with a team of others in the office or be able to work under little supervision. Many organizations do require formal education in the form of…Read more
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Popular Skills for Underwriting Technician
Oral / Verbal Communication
Skills in Insurance, Customer Service, Oral / Verbal Communication and Data Analysis are correlated to pay that is above average. Skills that pay less than market rate include Data Entry.
Pay by Experience Level for Underwriting Technician
An entry-level Underwriting Technician with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $39,996 based on 13 salaries. An early career Underwriting Technician with 1-4 years of experience earns an average total compensation of $43,433 based on 59 salaries. A mid-career Underwriting Technician with 5-9 years of experience earns an average total compensation of $53,971 based on 21 salaries. An experienced Underwriting Technician with 10-19 years of experience earns an average total compensation of $56,054 based on 25 salaries. In their late career (20 years and higher), employees earn an average total compensation of $61,547.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Underwriting Technician in their job title in New York, New York earn an average of 33.4% more than the national average. These job titles also find higher than average salaries in Chicago, Illinois (26.2% more) and Alpharetta, Georgia (17.8% more). The lowest salaries can be found in Long Beach, New York (34.6% less) and Richmond, Virginia (8.4% less).
Years of Experience
This data is based on 123 survey responses.