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The differences between senior underwriters 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 $69,375 average annual salary of a senior underwriter.
The top three skills for a senior underwriter include customer service, portfolio and underwriting guidelines. The most important skills for a personal lines underwriter are insurance policies, underwriting decisions, and loss ratio.
| Senior Underwriter | Personal Lines Underwriter | |
| Yearly salary | $69,375 | $69,706 |
| Hourly rate | $33.35 | $33.51 |
| Growth rate | -4% | -4% |
| Number of jobs | 6,726 | 19,754 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 64% |
| Average age | 44 | 44 |
| Years of experience | - | - |
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.
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 underwriters and personal lines underwriters have different pay scales, as shown below.
| Senior Underwriter | Personal Lines Underwriter | |
| Average salary | $69,375 | $69,706 |
| Salary range | Between $44,000 And $108,000 | 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 | Capital Group | Capital Group |
| Best paying industry | Insurance | Insurance |
There are a few differences between a senior underwriter and a personal lines underwriter in terms of educational background:
| Senior Underwriter | 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 underwriters' and personal lines underwriters' demographics:
| Senior Underwriter | Personal Lines Underwriter | |
| Average age | 44 | 44 |
| Gender ratio | Male, 42.0% Female, 58.0% | Male, 43.1% Female, 56.9% |
| Race ratio | 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% | 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 | 9% | 9% |