A person working as a Underwriting Specialist in United States of America will on average earn $70921 per year (pre-tax value). Salary is provided in USD ($/dollar) value.
Below is a break-down of yearly, monthly, weekly and hourly rate.
| Rate Type | Amount (USD) |
|---|---|
| Yearly salary | $70,921.00 |
| Weekly salary | $1,363.87 |
| Daily salary | $194.30 |
| Hourly salary | $24.29 |
This means underwriting specialist salary is above average!
Job Industry: insurance
Description: An underwriting specialist is a professional responsible for assessing and evaluating risks associated with insurance policies and determining the appropriate coverage and premiums. They analyze applications, review financial documents, and conduct research to gather necessary information to make informed decisions. Underwriting specialists work closely with agents and brokers to understand client needs and ensure compliance with underwriting guidelines and regulations. They also collaborate with other departments, such as claims and legal, to resolve complex issues and provide support in policy renewals and modifications. Strong analytical skills, attention to detail, and the ability to make sound judgments are essential for success in this occupation.
Tagged with: underwriting specialist, risk assessment, insurance policies, premium determination, compliance, analytical skills