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The differences between senior credit analysts and personal lines underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, a senior credit analyst has an average salary of $86,364, which is higher than the $69,706 average annual salary of a personal lines underwriter.
The top three skills for a senior credit analyst include credit analysis, customer service and real estate. The most important skills for a personal lines underwriter are insurance policies, underwriting decisions, and loss ratio.
| Senior Credit Analyst | Personal Lines Underwriter | |
| Yearly salary | $86,364 | $69,706 |
| Hourly rate | $41.52 | $33.51 |
| Growth rate | 17% | -4% |
| Number of jobs | 15,221 | 19,754 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 64% |
| Average age | 39 | 44 |
| Years of experience | 2 | - |
A senior credit analyst is responsible for reviewing the loan applications of an individual and organization, determining their eligibility by evaluating their credit scores and financial history. Senior credit analysts assess the applicant's capability to pay according to terms and conditions and loan payment plans. They submit recommendation reports of qualified applicants for further investigation and have them submit additional documents as needed. A senior credit analyst decides on credit limits and may provide the applicants' loan and credit alternatives, requiring them to have excellent knowledge of the financial industry and loan options.
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.
Senior credit analysts and personal lines underwriters have different pay scales, as shown below.
| Senior Credit Analyst | Personal Lines Underwriter | |
| Average salary | $86,364 | $69,706 |
| Salary range | Between $59,000 And $125,000 | Between $43,000 And $111,000 |
| Highest paying City | White Plains, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Apple | Capital Group |
| Best paying industry | Finance | Insurance |
There are a few differences between a senior credit analyst and a personal lines underwriter in terms of educational background:
| Senior Credit Analyst | Personal Lines Underwriter | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 64% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between senior credit analysts' and personal lines underwriters' demographics:
| Senior Credit Analyst | Personal Lines Underwriter | |
| Average age | 39 | 44 |
| Gender ratio | Male, 54.6% Female, 45.4% | Male, 43.1% Female, 56.9% |
| Race ratio | Black or African American, 8.3% Unknown, 2.7% Hispanic or Latino, 9.9% Asian, 10.0% White, 68.8% 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% |