Post job

Underwriting assistant vs underwriting clerk

The differences between underwriting assistants and underwriting clerks can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both an underwriting assistant and an underwriting clerk. Additionally, an underwriting assistant has an average salary of $41,000, which is higher than the $32,630 average annual salary of an underwriting clerk.

The top three skills for an underwriting assistant include insurance policies, data entry and loss runs. The most important skills for an underwriting clerk are insurance policies, data entry, and insurance coverage.

Underwriting assistant vs underwriting clerk overview

Underwriting AssistantUnderwriting Clerk
Yearly salary$41,000$32,630
Hourly rate$19.71$15.69
Growth rate-3%-3%
Number of jobs1,96768,040
Job satisfaction--
Most common degreeBachelor's Degree, 54%Bachelor's Degree, 37%
Average age4444
Years of experience22

Underwriting assistant vs underwriting clerk salary

Underwriting assistants and underwriting clerks have different pay scales, as shown below.

Underwriting AssistantUnderwriting Clerk
Average salary$41,000$32,630
Salary rangeBetween $29,000 And $56,000Between $27,000 And $38,000
Highest paying CityNew York, NY-
Highest paying stateNew Jersey-
Best paying companyBerkshire Hathaway-
Best paying industry--

Differences between underwriting assistant and underwriting clerk education

There are a few differences between an underwriting assistant and an underwriting clerk in terms of educational background:

Underwriting AssistantUnderwriting Clerk
Most common degreeBachelor's Degree, 54%Bachelor's Degree, 37%
Most common majorBusinessBusiness
Most common collegeWestern Carolina UniversityStanford University

Underwriting assistant vs underwriting clerk demographics

Here are the differences between underwriting assistants' and underwriting clerks' demographics:

Underwriting AssistantUnderwriting Clerk
Average age4444
Gender ratioMale, 20.2% Female, 79.8%Male, 17.1% Female, 82.9%
Race ratioBlack or African American, 13.8% Unknown, 4.3% Hispanic or Latino, 14.4% Asian, 3.9% White, 63.2% American Indian and Alaska Native, 0.5%Black or African American, 13.8% Unknown, 4.3% Hispanic or Latino, 14.4% Asian, 3.9% White, 63.2% American Indian and Alaska Native, 0.5%
LGBT Percentage11%11%

Differences between underwriting assistant and underwriting clerk duties and responsibilities

Underwriting assistant example responsibilities.

  • Create and manage a file documentation checklist for all UW's and UT's.
  • Manage midterm transactions of assign book of business including: endorsements, cancellations and non-renewals.
  • Process documentation within manage database systems and ImageRight system for the legal binding of commercial insurance risk.
  • Assist underwriters in expediting new business, processing endorsements and/or modifying existing policies while achieving broker relationships.
  • Request ledger pages on the AS/400 and review for accuracy.
  • Specialize in processing commercial, development, residential, and SBA loans.
  • Show more

Underwriting clerk example responsibilities.

  • Process documentation within manage database systems and ImageRight system for the legal binding of commercial insurance risk.
  • Audit claims for correct ICD-9, CPT and diagnosis codes ..
  • Order MVRs from the DMV and match it with each application for underwriter review.
  • Interface with DMV to obtain legal records and research property records.
  • Perform basic business office duties and handle highly confidential documents regarding doctor s prognosis and medical history of patients.
  • Programme database for providing dial tone and features to Missouri residential and business customers.Troubleshoot and resolve problems with phone lines.
  • Show more

Underwriting assistant vs underwriting clerk skills

Common underwriting assistant skills
  • Insurance Policies, 15%
  • Data Entry, 10%
  • Loss Runs, 9%
  • Strong Analytical, 5%
  • Insurance Applications, 5%
  • Underwriting Process, 5%
Common underwriting clerk skills
  • Insurance Policies, 33%
  • Data Entry, 26%
  • Insurance Coverage, 11%
  • Motor Vehicle, 6%
  • DMV, 4%
  • Insurance Applications, 4%

Browse office and administrative jobs