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Underwriting account representative vs underwriting specialist

The differences between underwriting account representatives and underwriting specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, an underwriting specialist has an average salary of $63,325, 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 specialist are customer service, underwriting guidelines, and financial statements.

Underwriting account representative vs underwriting specialist overview

Underwriting Account RepresentativeUnderwriting Specialist
Yearly salary$47,475$63,325
Hourly rate$22.82$30.44
Growth rate-4%-4%
Number of jobs59,81925,164
Job satisfaction--
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 73%
Average age4444
Years of experience--

Underwriting account representative vs underwriting specialist salary

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

Underwriting Account RepresentativeUnderwriting Specialist
Average salary$47,475$63,325
Salary rangeBetween $34,000 And $65,000Between $39,000 And $101,000
Highest paying City-Boston, MA
Highest paying state-Massachusetts
Best paying company-AIG
Best paying industry-Finance

Differences between underwriting account representative and underwriting specialist education

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

Underwriting Account RepresentativeUnderwriting Specialist
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 73%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Underwriting account representative vs underwriting specialist demographics

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

Underwriting Account RepresentativeUnderwriting Specialist
Average age4444
Gender ratioMale, 37.7% Female, 62.3%Male, 39.0% Female, 61.0%
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, 8.9% Unknown, 2.5% Hispanic or Latino, 10.0% Asian, 5.8% White, 72.4% American Indian and Alaska Native, 0.4%
LGBT Percentage9%9%

Differences between underwriting account representative and underwriting specialist 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 specialist example responsibilities.

  • Risk assessment to achieve profitability on assign book of business through renewal calculations and RFP responses.
  • Manage the execution of underwriting, portfolio analysis and account- base decision making in accordance with establish guidelines and processes.
  • Work closely with post-closing on VA deficiency response and actions, in addition to HUD & FNMA.
  • Analyze risk and apply underwriting guidelines to decision loan applications and grow profitable loan portfolio.
  • Underwrite PPO, EPO, HMO, POS and other health benefits.
  • Mentore, and utilize strong negotiation skills working with diverse group of associates.
  • Show more

Underwriting account representative vs underwriting specialist 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 specialist skills
  • Customer Service, 18%
  • Underwriting Guidelines, 9%
  • Financial Statements, 6%
  • Underwriting Process, 5%
  • Life Insurance, 5%
  • Loss Control, 4%

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