What does underwriting Assistant mean?
An underwriting assistant, or underwriting service assistant, helps a lead underwriter to process applications for mortgages, credit, or insurance. Whether you work in the banking or insurance industry, your primary responsibility is to support your company’s underwriters.
How much do underwriting assistants make?
Insurance Underwriter Assistant Salary
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $90,000 | $43 |
| 75th Percentile | $62,500 | $30 |
| Average | $54,046 | $26 |
| 25th Percentile | $35,000 | $17 |
Is underwriting assistant a good job?
Based on 189 responses, the job of Underwriting Assistant has received a job satisfaction rating of 3.64 out of 5. On average, Underwriting Assistants are highly satisfied with their job.
What does an underwriting associate do?
An underwriting associate assesses financial risk for insurance companies and their clients. They typically hold a bachelor’s degree in a related field but must also possess three years of work experience and professional certification.
Is being an underwriter assistant hard?
It’s hard work to become an underwriting assistant, but even the most dedicated employees consider switching careers from time to time.
What makes a good underwriting assistant?
Underwriter assistants also must be detail-oriented, especially when helping underwriters determine the risk for providing insurance to a client. Since underwriter assistants work closely with underwriters and insurance agents, they should be comfortable working in a team environment.
How much does an underwriting assistant make at State Farm?
How much does an Assistant Underwriter make at State Farm Mutual Automobile Insurance Company in the United States? Average State Farm Mutual Automobile Insurance Company Assistant Underwriter yearly pay in the United States is approximately $35,053, which is 24% below the national average.
