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Salary and Benefits

Underwriting Assistant
$37K-$45K / yr. (est.)
$37K
$41,290 / year
$45K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Underwriting Assistant

What does an Underwriting Assistant do?

As Underwriting Assistants, we provide assistance as required by the underwriting unit. We work to support renewal and new business activities. It is our duty to gather and organize information and reports (e.g., loss runs, risk assessments) that support the underwriting decision. We assist the Underwriter with the computation of rates and premiums. We are responsible for collecting and analyzing underwriting information. Managing workflow queues and conducting timely reviews are part of our job. We assist in managing performance-based renewal underwriting programs, claim underwriting notices, and others.

Core tasks:

  • review and recommend submissions for acceptance or refusal for mentor Underwriter
  • work within assigned underwriting authority
  • follow company underwriting guidelines
  • support Underwriters by performing a variety of tasks
  • prepare new and renewal accounts for Underwriter review
  • collect and analyze information to ensure that proper documentation is in the file
  • maintain spreadsheets and databases as required.
  • maintain accurate policy files on business accounts

Insights

How Many Years of Experience Do Professionals Need Before Becoming Underwriting Assistant?
On average, people work 3-5 years in other positions prior to becoming a Underwriting Assistant.
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Underwriting AssistantDenver, CO - A year ago
I worked in similar roles for 4 years before becoming an Underwriting Assistant. It definitely gave me a solid foundation and helped me excel in my current position.
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Underwriting AssistantSan Francisco, CA - A year ago
🙄 Oh please! 3-5 years in other positions is nothing when it comes to gaining experience. It shows commitment and dedication to the field. Quit complaining!
How Long Do Underwriting Assistant Employees Typically Stay in Their Roles?
On average, Underwriting Assistants works in this position for 3-5 years across multiple employers.
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Financial AnalystNew York City, NY - A year ago
Underwriting Assistants play a crucial role in the financial industry. Their meticulous analysis of client applications ensures sound investment decisions and mitigates potential losses.
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Customer Service RepresentativeMiami, FL - A year ago
I've seen how Underwriting Assistants handle complex customer requests and inquiries with utmost professionalism. Their dedication and knowledge are commendable. 👏
What Is the Job Hopper Score for Underwriting Assistant Employees?
Moderate job changes in Underwriting Assistant, showing some career movement without excessive turnover.
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Claims AdjusterMiami, FL - A year ago
🙄 Underwriting assistants need to step up their game and prove their worth. These stats show they're just spinning their wheels in a thankless job!
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Financial AdvisorNew York City, NY - A year ago
😂 Underwriting assistants dreaming of upward mobility? Good luck with that! I've never met one who made it big in the financial world.

Career path

Path to job

Discover a Underwriting Assistant's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Underwriting Assistant typically studied at.
Arizona State University-Tempe
Georgia State University

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Underwriting Assistant Employees?
Gender ratio in Underwriting Assistant position: 0.355962483251452 Male and 0.644037516748548 Female. Age ratio in Underwriting Assistant position: 16-20: 13%, 21-30: 71%, 31-40: 11%, 41-50: 4%, 51-60: 1%, 60+: 0%. Underwriting Assistant position is predominantly female (64.4%) with the largest age group being 21-30 years old, followed by 16-20 years old.
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Underwriting AssistantPhiladelphia, PA - A year ago
As a college student studying finance, I feel optimistic knowing that there are opportunities in this field while I'm still in school! 🔜
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Underwriting AssistantSan Francisco, CA - A year ago
Eh, gender ratios don't mean much to me. Everyone should be judged by their abilities, not their gender. 🌈

Workplaces

Who Are the Top Employers for Underwriting Assistant?
Top employers of Underwriting Assistant position: Chubb, Liberty Mutual Insurance, State Farm. People who work in Underwriting Assistant position most typically go on to work for the Chubb.
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Underwriting AssistantBoston, MA - A year ago
I've heard mixed opinions about Chubb, Liberty Mutual Insurance, and State Farm. It would be useful to hear from professionals who have worked at more than one of these companies.
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Underwriting AssistantSan Francisco, CA - A year ago
👍 Chubb is the only way to go! With top-notch training and opportunities to climb the corporate ladder, you won't regret joining their team!
Chubb
Liberty Mutual Insurance
State Farm
What Industries Does Underwriting Assistant Typically Have Experience In?
Industry Background: The most typical industries of Underwriting Assistant: Finance & Insurance, Professional / Scientific / Technical, Real Estate / Rental / Leasing, Information Technology, Health Care. Underwriting Assistant employees most likely come from a Finance & Insurance industry background.
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Underwriting AssistantHouston, TX - A year ago
Y'all, being an Underwriting Assistant in the healthcare industry is so rewarding. You get to review medical records, evaluate patient information, and determine coverage. It's like solving puzzles and helping people at the same time!
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Underwriting AssistantMiami, FL - A year ago
🔥 Being an Underwriting Assistant in the IT industry can be stressful, but hey, that's when we shine! We evaluate risks, assess software projects, and safeguard sensitive data. It's a job that keeps the tech world running smooth, y'all!

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Discussion about Underwriting Assistant

Want to know more about Underwriting Assistant position?
Share your thoughts and ideas about Underwriting Assistant position with others in our community.
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How is the gender diversity among people working as an Underwriting Assistant?
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Benjamin Gardner3 years ago
More women than men choose this profession.
What is the most common age of an Underwriting Assistant?
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Benjamin Gardner3 years ago
The average age is 26
Do I need a lot of experience to be an Underwriting Assistant?
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Sophie Hayes3 years ago
You should work for 4 years on average to become an Underwriting Assistant.
Which industries should an Underwriting Assistant consider working in?
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Sophie Hayes3 years ago
Most typically work in the Finance & Insurance industry.
What kind of degree is needed to work as an Underwriting Assistant?
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Isabella Holmes3 years ago
As an Underwriting Assistant you’ll probably need No higher education
Where are you working as an Underwriting Assistant?
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Benjamin Gardner3 years ago
Working as an Underwriting Assistant it might be a good next step to work for Chubb, Liberty Mutual Insurance, State Farm, USLI and Zurich North America
How many years of experience as an Underwriting Assistant is needed in average to switch to another position?
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Liam Brown3 years ago
On average people change after 4 years.
How likely is it for people working as an Underwriting Assistant to switch companies still working as an Underwriting Assistant?
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Liam Brown3 years ago
A typical Underwriting Assistant might work for one or two companies.
What do people usually work as before switching to Underwriting Assistant?
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Liam Brown3 years ago
Customer Service Representative, Underwriter or Administrative Assistant are the typical prior positions for an Underwriting Assistant
What are the typical next steps for someone working as an Underwriting Assistant?
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Liam Brown3 years ago
Changing from an Underwriting Assistant to Underwriter, Account Manager or Customer Service Representative is a typical career path.
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Disclaimer

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