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Account underwriter vs underwriting specialist

The differences between account underwriters and underwriting specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, an account underwriter has an average salary of $74,374, which is higher than the $63,325 average annual salary of an underwriting specialist.

The top three skills for an account underwriter include risk management, underwriting process and underwriting guidelines. The most important skills for an underwriting specialist are customer service, underwriting guidelines, and financial statements.

Account underwriter vs underwriting specialist overview

Account UnderwriterUnderwriting Specialist
Yearly salary$74,374$63,325
Hourly rate$35.76$30.44
Growth rate-4%-4%
Number of jobs56,48725,164
Job satisfaction--
Most common degreeBachelor's Degree, 79%Bachelor's Degree, 73%
Average age4444
Years of experience--

Account underwriter vs underwriting specialist salary

Account underwriters and underwriting specialists have different pay scales, as shown below.

Account UnderwriterUnderwriting Specialist
Average salary$74,374$63,325
Salary rangeBetween $49,000 And $111,000Between $39,000 And $101,000
Highest paying City-Boston, MA
Highest paying state-Massachusetts
Best paying company-AIG
Best paying industry-Finance

Differences between account underwriter and underwriting specialist education

There are a few differences between an account underwriter and an underwriting specialist in terms of educational background:

Account UnderwriterUnderwriting Specialist
Most common degreeBachelor's Degree, 79%Bachelor's Degree, 73%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Account underwriter vs underwriting specialist demographics

Here are the differences between account underwriters' and underwriting specialists' demographics:

Account UnderwriterUnderwriting Specialist
Average age4444
Gender ratioMale, 43.4% Female, 56.6%Male, 39.0% Female, 61.0%
Race ratioBlack or African American, 9.8% Unknown, 2.5% Hispanic or Latino, 9.6% Asian, 5.6% White, 72.1% American Indian and Alaska Native, 0.4%Black or African American, 8.9% Unknown, 2.5% Hispanic or Latino, 10.0% Asian, 5.8% White, 72.4% American Indian and Alaska Native, 0.4%
LGBT Percentage9%9%

Differences between account underwriter and underwriting specialist duties and responsibilities

Account underwriter example responsibilities.

  • Review individual mortgage origination/post origination documentation and perform database research.
  • Review individual mortgage origination/post origination documentation and perform database research.

Underwriting specialist example responsibilities.

  • Risk assessment to achieve profitability on assign book of business through renewal calculations and RFP responses.
  • Manage the execution of underwriting, portfolio analysis and account- base decision making in accordance with establish guidelines and processes.
  • Work closely with post-closing on VA deficiency response and actions, in addition to HUD & FNMA.
  • Analyze risk and apply underwriting guidelines to decision loan applications and grow profitable loan portfolio.
  • Underwrite PPO, EPO, HMO, POS and other health benefits.
  • Mentore, and utilize strong negotiation skills working with diverse group of associates.
  • Show more

Account underwriter vs underwriting specialist skills

Common account underwriter skills
  • Risk Management, 24%
  • Underwriting Process, 17%
  • Underwriting Guidelines, 13%
  • Underwriting Authority, 10%
  • Financial Analysis, 9%
  • National Accounts, 6%
Common underwriting specialist skills
  • Customer Service, 18%
  • Underwriting Guidelines, 9%
  • Financial Statements, 6%
  • Underwriting Process, 5%
  • Life Insurance, 5%
  • Loss Control, 4%

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