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The differences between marine underwriters and senior underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, a marine underwriter has an average salary of $77,871, which is higher than the $69,375 average annual salary of a senior underwriter.
The top three skills for a marine underwriter include profitable business, risk analysis and loss ratio. The most important skills for a senior underwriter are customer service, portfolio, and underwriting guidelines.
| Marine Underwriter | Senior Underwriter | |
| Yearly salary | $77,871 | $69,375 |
| Hourly rate | $37.44 | $33.35 |
| Growth rate | -4% | -4% |
| Number of jobs | 16,546 | 6,726 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 71% |
| Average age | 44 | 44 |
| Years of experience | - | - |
A marine underwriter provides insurance cover to necessary clients. The responsibilities of this position include providing insurance for naval vessels such as boats and ships and providing valuation for a vessel or cargo. To provide this valuation, they weigh in the value of the freight, the price of the vessel, and the area where the vessel operates. The valuation will ensure a client is adequately covered in cases of unforeseen losses.
A senior underwriter is responsible for evaluating the eligibility of an applicant for loan application processing. Senior underwriters verify the applicant's information, including their credit score and other valid documents, ensuring that the applicant fulfills the loan application's parameters. They check the applicant's portfolios and provide them the next necessary steps and the alternatives for loan types. A senior underwriter must have excellent knowledge of the loan processes and underwriting procedures to analyze applications and make accurate decisions.
Marine underwriters and senior underwriters have different pay scales, as shown below.
| Marine Underwriter | Senior Underwriter | |
| Average salary | $77,871 | $69,375 |
| Salary range | Between $53,000 And $113,000 | Between $44,000 And $108,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | New York |
| Best paying company | - | Capital Group |
| Best paying industry | - | Insurance |
There are a few differences between a marine underwriter and a senior underwriter in terms of educational background:
| Marine Underwriter | Senior Underwriter | |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between marine underwriters' and senior underwriters' demographics:
| Marine Underwriter | Senior Underwriter | |
| Average age | 44 | 44 |
| Gender ratio | Male, 59.5% Female, 40.5% | Male, 42.0% Female, 58.0% |
| Race ratio | Black or African American, 8.1% Unknown, 2.5% Hispanic or Latino, 10.5% Asian, 5.6% White, 72.9% American Indian and Alaska Native, 0.4% | Black or African American, 9.3% Unknown, 2.5% Hispanic or Latino, 9.4% Asian, 5.6% White, 72.9% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 9% | 9% |