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The differences between credit administrators 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 $59,271 average annual salary of a credit administrator.
The top three skills for a credit administrator include financial statements, credit card payments and real estate. The most important skills for a personal lines underwriter are insurance policies, underwriting decisions, and loss ratio.
| Credit Administrator | Personal Lines Underwriter | |
| Yearly salary | $59,271 | $69,706 |
| Hourly rate | $28.50 | $33.51 |
| Growth rate | -8% | -4% |
| Number of jobs | 55,726 | 19,754 |
| Job satisfaction | 2 | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 64% |
| Average age | 39 | 44 |
| Years of experience | 2 | - |
A credit administrator oversees the credit operations in a company, ensuring efficiency and client satisfaction. They typically conduct research and analysis, handle credit portfolios, perform credit risk assessments, monitor credit accounts, validate requirements, evaluate applications, and develop strategies to optimize operations. A credit administrator may also perform a variety of clerical tasks such as preparing and processing documents, answering calls and correspondence, organizing information, and maintaining records. Moreover, they must lead and encourage staff to reach goals, all while enforcing and promoting the company's policies and regulations.
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.
Credit administrators and personal lines underwriters have different pay scales, as shown below.
| Credit Administrator | Personal Lines Underwriter | |
| Average salary | $59,271 | $69,706 |
| Salary range | Between $33,000 And $106,000 | Between $43,000 And $111,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | BNY Mellon | Capital Group |
| Best paying industry | - | Insurance |
There are a few differences between a credit administrator and a personal lines underwriter in terms of educational background:
| Credit Administrator | Personal Lines Underwriter | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between credit administrators' and personal lines underwriters' demographics:
| Credit Administrator | Personal Lines Underwriter | |
| Average age | 39 | 44 |
| Gender ratio | Male, 28.4% Female, 71.6% | Male, 43.1% Female, 56.9% |
| Race ratio | Black or African American, 8.1% Unknown, 2.7% Hispanic or Latino, 10.0% Asian, 9.4% White, 69.5% 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% |