Underwriter with Risk Management / Risk Control Skills Salary in South Africa

An early career Underwriter with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of R239,722 based on 23 salaries. A mid-career Underwriter with 5-9 years of experience earns an average total compensation of R288,000 based on 19 salaries. An experienced Underwriter with 10-19 …Read more

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

Male

53.6%

Female

46.4%

This data is based on 28 survey responses. Learn more about the gender pay gap.

Common Health Benefits

Medical

46%

Dental

5%

Vision

5%

None

Average Underwriter with Risk Management / Risk Control Skills Salary in South Africa

Featured Content

What is the Pay by Experience Level for Underwriters?

What Do Underwriters Do?

Gender Breakdown

Common Health Benefits

46%

5%

5%

54%