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The differences between commercial credit analysts and personal lines underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, a personal lines underwriter has an average salary of $69,706, which is higher than the $66,482 average annual salary of a commercial credit analyst.
The top three skills for a commercial credit analyst include credit analysis, customer service and strong analytical. The most important skills for a personal lines underwriter are insurance policies, underwriting decisions, and loss ratio.
| Commercial Credit Analyst | Personal Lines Underwriter | |
| Yearly salary | $66,482 | $69,706 |
| Hourly rate | $31.96 | $33.51 |
| Growth rate | 4% | -4% |
| Number of jobs | 42,862 | 19,754 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 64% |
| Average age | 39 | 44 |
| Years of experience | 2 | - |
A commercial credit analyst is primarily in charge of assessing a client's credit or loan application, ensuring that they are fit to uphold financial obligations. Their responsibilities typically revolve around coordinating different departments to gather necessary client data, reviewing financial histories, verifying the authenticity of requirements, and developing financial profiles. Moreover, a commercial credit analyst may perform research and analysis to identify new business opportunities, produce progress and sales reports, monitor the payment progress of clients, and maintain a record of all transactions.
A personal lines underwriter works at insurance companies to ensure that clients are eligible to receive insurance services. Their responsibilities include gathering and analyzing insurance applications, verifying client information, studying financial histories and occupational risks, and conducting interviews. They may also perform clerical support tasks such as preparing and processing documents, handling calls and correspondence, and updating databases. Moreover, a personal lines underwriter typically works in a team setting, which requires an active communication line for a smooth and efficient workflow.
Commercial credit analysts and personal lines underwriters have different pay scales, as shown below.
| Commercial Credit Analyst | Personal Lines Underwriter | |
| Average salary | $66,482 | $69,706 |
| Salary range | Between $46,000 And $94,000 | Between $43,000 And $111,000 |
| Highest paying City | Burlingame, CA | New York, NY |
| Highest paying state | California | New York |
| Best paying company | HSBC Bank | Capital Group |
| Best paying industry | Automotive | Insurance |
There are a few differences between a commercial credit analyst and a personal lines underwriter in terms of educational background:
| Commercial Credit Analyst | Personal Lines Underwriter | |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between commercial credit analysts' and personal lines underwriters' demographics:
| Commercial Credit Analyst | Personal Lines Underwriter | |
| Average age | 39 | 44 |
| Gender ratio | Male, 61.6% Female, 38.4% | Male, 43.1% Female, 56.9% |
| Race ratio | Black or African American, 7.9% Unknown, 2.7% Hispanic or Latino, 9.6% Asian, 10.5% White, 69.0% American Indian and Alaska Native, 0.3% | Black or African American, 9.2% Unknown, 2.5% Hispanic or Latino, 9.8% Asian, 5.7% White, 72.5% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 11% | 9% |