Commercial insurance underwriting assistant salary

They hire underwriting assistants to help them analyze information on insurance applications, screen clients based on company criteria, and evaluate recommendations with underwriting computer software.

Commercial insurance underwriting assistant salary

They may work in a variety of fields, such as bank underwriting, insurance underwriting, and real estate underwriting. In all fields, assistant underwriters must cultivate good relationships with clients and be able to obtain client information quickly and accurately. They must be able to accurately assess risks while remaining within their organization's regulations and relevant laws.

Assistant underwriters typically work as a subordinate to an underwriter and work in an office environment during regular business hours, although travel may occasionally be required for risk assessment.

Employers typically prefer at least five years of relevant experience for this position; many also prefer knowledge of the particular type of underwriting performed at the hiring organization.

An associate's degree in economics, finance, or a related field is generally required, with a bachelor's degree preferred. Assistant underwriters should have extensive knowledge in the financial and credit industries, as well as regulations and laws related to banking, investment, and insurance.

Additionally, they must be well organized, pay close attention to detail, skilled at multitasking, and efficient. Assist in the development and monitoring of premium rates. Assist business development of new business opportunities with sales and marketing efforts.

Enter, review and maintain accurate records of new policies and renewals.Sep 24,  · An Underwriting Assistant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $41, based on salaries.

About Your Current Job

An experienced Underwriting Assistant which includes employees with 10 to 20 years of experience can expect to earn an . Insurance Placement Solutions has an immediate opening for a Commercial General Liability/Auto Claims Team Lead with our client in their Detroit, MI location. The national average salary for a Commercial Underwriting Assistant is $46, in United States.

Filter by location to see Commercial Underwriting Assistant salaries in your area. Salary estimates are based on 1, salaries submitted anonymously to Glassdoor by . The national average salary for a Commercial Underwriting Assistant is $46, in United States.

Filter by location to see Commercial Underwriting Assistant salaries in your area. Salary estimates are based on 1, salaries submitted anonymously to Glassdoor by Commercial Underwriting Assistant employees.

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How much does a Underwriting Assistant make?

commercial insurance underwriting assistant salary

The national average salary for a Underwriting Assistant is $46, in United States. Filter by location to see Underwriting Assistant salaries in your area. Salary estimates are based on 1, salaries submitted anonymously to Glassdoor by Underwriting Assistant employees.

Average Commercial Insurance Salary