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Underwriting account representative vs commercial underwriter

The differences between underwriting account representatives and commercial underwriters can be seen in a few details. Each job has different responsibilities and duties. Additionally, a commercial underwriter has an average salary of $59,051, which is higher than the $47,475 average annual salary of an underwriting account representative.

The top three skills for an underwriting account representative include customer service, insurance coverage and market trends. The most important skills for a commercial underwriter are real estate, customer service, and financial analysis.

Underwriting account representative vs commercial underwriter overview

Underwriting Account RepresentativeCommercial Underwriter
Yearly salary$47,475$59,051
Hourly rate$22.82$28.39
Growth rate-4%-4%
Number of jobs59,81931,908
Job satisfaction--
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 75%
Average age4444
Years of experience--

Underwriting account representative vs commercial underwriter salary

Underwriting account representatives and commercial underwriters have different pay scales, as shown below.

Underwriting Account RepresentativeCommercial Underwriter
Average salary$47,475$59,051
Salary rangeBetween $34,000 And $65,000Between $41,000 And $84,000
Highest paying City-Olympia, WA
Highest paying state-Washington
Best paying company-J.P. Morgan
Best paying industry-Finance

Differences between underwriting account representative and commercial underwriter education

There are a few differences between an underwriting account representative and a commercial underwriter in terms of educational background:

Underwriting Account RepresentativeCommercial Underwriter
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 75%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Underwriting account representative vs commercial underwriter demographics

Here are the differences between underwriting account representatives' and commercial underwriters' demographics:

Underwriting Account RepresentativeCommercial Underwriter
Average age4444
Gender ratioMale, 37.7% Female, 62.3%Male, 48.7% Female, 51.3%
Race ratioBlack or African American, 7.8% Unknown, 2.5% Hispanic or Latino, 10.1% Asian, 5.8% White, 73.4% American Indian and Alaska Native, 0.4%Black or African American, 9.9% Unknown, 2.5% Hispanic or Latino, 9.3% Asian, 5.5% White, 72.4% American Indian and Alaska Native, 0.4%
LGBT Percentage9%9%

Differences between underwriting account representative and commercial underwriter duties and responsibilities

Underwriting account representative example responsibilities.

  • Assist underwriters in expediting new business, processing endorsements and/or modifying existing policies while achieving broker relationships.
  • Verify medicaid waive eligibility for non-emergency transportation.
  • Train hundreds of union members throughout Louisiana using PowerPoint presentations on how to become politically involve and mobilize.

Commercial underwriter example responsibilities.

  • Handle new and renewal multi-line policies.
  • Quoted new business and handle multi-line commercial accounts for this retailer.
  • Front office administration; maintain A/R and A/P for 1000+ commercial lines clients and 2000+ personal lines clients.
  • Market banking services to individuals, as well as to small businesses and corporations through networking and cross-selling.
  • Update loan origination systems to ensure that pipeline reports reflect the most current status for active loan in process.
  • Work along with the owner and accounting staff on all financial matters, A/R, A/P, payroll, and taxes.
  • Show more

Underwriting account representative vs commercial underwriter skills

Common underwriting account representative skills
  • Customer Service, 27%
  • Insurance Coverage, 26%
  • Market Trends, 11%
  • Underwriting Guidelines, 9%
  • Credit Card Payments, 7%
  • Insurance Products, 7%
Common commercial underwriter skills
  • Real Estate, 10%
  • Customer Service, 8%
  • Financial Analysis, 8%
  • Credit Analysis, 6%
  • Cash Flow, 4%
  • Risk Management, 4%

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