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Underwriting account representative vs underwriting consultant

The differences between underwriting account representatives and underwriting consultants can be seen in a few details. Each job has different responsibilities and duties. Additionally, an underwriting consultant has an average salary of $71,693, 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 an underwriting consultant are life insurance, national accounts, and underwriting guidelines.

Underwriting account representative vs underwriting consultant overview

Underwriting Account RepresentativeUnderwriting Consultant
Yearly salary$47,475$71,693
Hourly rate$22.82$34.47
Growth rate-4%-4%
Number of jobs59,8196,804
Job satisfaction-5
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 77%
Average age4444
Years of experience--

Underwriting account representative vs underwriting consultant salary

Underwriting account representatives and underwriting consultants have different pay scales, as shown below.

Underwriting Account RepresentativeUnderwriting Consultant
Average salary$47,475$71,693
Salary rangeBetween $34,000 And $65,000Between $49,000 And $103,000
Highest paying City-Boston, MA
Highest paying state-Massachusetts
Best paying company-CVS Health
Best paying industry-Health Care

Differences between underwriting account representative and underwriting consultant education

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

Underwriting Account RepresentativeUnderwriting Consultant
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 77%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Underwriting account representative vs underwriting consultant demographics

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

Underwriting Account RepresentativeUnderwriting Consultant
Average age4444
Gender ratioMale, 37.7% Female, 62.3%Male, 48.2% Female, 51.8%
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, 9.1% Unknown, 2.5% Hispanic or Latino, 9.7% Asian, 5.7% White, 72.8% American Indian and Alaska Native, 0.4%
LGBT Percentage9%9%

Differences between underwriting account representative and underwriting consultant 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.

Underwriting consultant example responsibilities.

  • Risk assessment to achieve profitability on assign book of business through renewal calculations and RFP responses.
  • Provide evidence and assurance that the credit quality of the portfolio remains within standards establish by senior management.
  • Review lender appeals to determine if the documentation provide cures the deficiencies.
  • Direct responsibility for monitoring and auditing lending activity and loan portfolio to ensure compliance with regulations.
  • Review of appeals; concluding and processing the finalization; communicating the adjustments to the original underwriter for educational purposes.
  • Monitor performance, to include turn-times, productivity, volume, QC audits on a daily basis.
  • Show more

Underwriting account representative vs underwriting consultant 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 underwriting consultant skills
  • Life Insurance, 16%
  • National Accounts, 10%
  • Underwriting Guidelines, 9%
  • Underwriting Decisions, 8%
  • Underwriting Process, 4%
  • Underwriting Policies, 4%

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