Average Underwriter with Commercial Skills Salary in South Africa

Pay

Job Details

Skills

Job Listings

How should I pay?Price a Job

What am I worth?Find market worth

R250,800
Avg. Base Salary (ZAR)

25%

ZAR 159k

MEDIAN

ZAR 251k

75%

ZAR 275k

The average salary for an Underwriter is R250,800

Base Salary

R159k - R275k

Bonus

R0 - R20k

Total Pay

R165k - R287k

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What Do Underwriters Do?

Underwriters work primarily in banks which handle loans and mortgages and are responsible for analyzing the risks of a loan based on the data in the application. They also oversee other information in the loan application to ensure it is accurate.

Loans are the primary source of income for a bank, and ensuring the quality of loans is of the utmost importance. Underwriters must follow all regulations, from the guidelines of the company and external underwriter to federal regulations for the …Read more

Underwriter Tasks

Analyze new and renewal business, data, claim history, loss experience, and outcome of liability decisions.
Underwrite, submit, approve or pend coverage amounts and premiums, and present decisions to management.
Monitor existing policies for compliance with company guidelines.
Manage underwriting territory and select new business based on analysis of their profitability.

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Gender Breakdown

Female

100.0%

This data is based on 4 survey responses. Learn more about the gender pay gap.

Common Health Benefits

None

100%