Find The Best Underwriting Specialist Jobs For You

Where do you want to work?

0 selections

Working as an Underwriting Specialist

There is more than meets the eye when it comes to being an underwriting specialist. For example, did you know that they make an average of $25.63 an hour? That's $53,301 a year!

Between 2018 and 2028, the career is expected to grow -5% and produce -5,400 job opportunities across the U.S.

What Does an Underwriting Specialist Do

There are certain skills that many underwriting specialists have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, math skills and interpersonal skills.

When it comes to the most important skills required to be an underwriting specialist, we found that a lot of resumes listed 18.0% of underwriting specialists included underwriting guidelines, while 13.0% of resumes included customer service, and 9.2% of resumes included life insurance. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the underwriting specialist job title. But what industry to start with? Most underwriting specialists actually find jobs in the insurance and finance industries.

How To Become an Underwriting Specialist

If you're interested in becoming an underwriting specialist, one of the first things to consider is how much education you need. We've determined that 53.6% of underwriting specialists have a bachelor's degree. In terms of higher education levels, we found that 15.5% of underwriting specialists have master's degrees. Even though most underwriting specialists have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become an underwriting specialist. When we researched the most common majors for an underwriting specialist, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on underwriting specialist resumes include high school diploma degrees or associate degree degrees.

You may find that experience in other jobs will help you become an underwriting specialist. In fact, many underwriting specialist jobs require experience in a role such as underwriter. Meanwhile, many underwriting specialists also have previous career experience in roles such as senior underwriter or customer service representative.

What is the right job for my career path?

Tell us your goals and we'll match you with the right jobs to get there.

Average Salary$53,301
Job Growth Rate-5%

Underwriting Specialist Career Paths

Top Careers Before Underwriting Specialist

Top Careers After Underwriting Specialist

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for an Underwriting Specialist

Underwriting Specialists in America make an average salary of $53,301 per year or $26 per hour. The top 10 percent makes over $78,000 per year, while the bottom 10 percent under $36,000 per year.
Average Salary
$53,301

Best Paying Cities

City
Average Salary
San Francisco, CA
Salary Range73k - 128k$97k$97,118
New York, NY
Salary Range60k - 106k$81k$80,784
Philadelphia, PA
Salary Range59k - 103k$78k$78,293
Johnston, RI
Salary Range58k - 101k$77k$76,988
Towson, MD
Salary Range58k - 101k$77k$76,816
Boston, MA
Salary Range56k - 97k$74k$74,257
$40k
$128k

Recently Added Salaries

Job TitleCompanyCompanyStart DateSalary
Underwriting Specialist-Commercial Middle Markets P&C
Underwriting Specialist-Commercial Middle Markets P&C
CNA Financial
CNA Financial
01/29/2021
01/29/2021
$50,00001/29/2021
$50,000
Sales Underwriting Specialist, Middle Market
Sales Underwriting Specialist, Middle Market
Hanover Insurance Group, Inc.
Hanover Insurance Group, Inc.
01/13/2021
01/13/2021
$100,00001/13/2021
$100,000
Sales Underwriting Specialist, Middle Market
Sales Underwriting Specialist, Middle Market
Hanover Insurance Group, Inc.
Hanover Insurance Group, Inc.
01/13/2021
01/13/2021
$100,00001/13/2021
$100,000
Underwriting Specialist(Commercial Middle Market P&C)
Underwriting Specialist(Commercial Middle Market P&C)
CNA Financial
CNA Financial
12/25/2020
12/25/2020
$50,00012/25/2020
$50,000
Underwriting Specialist-Commercial Middle Markets P&C
Underwriting Specialist-Commercial Middle Markets P&C
CNA Financial
CNA Financial
12/14/2020
12/14/2020
$50,00012/14/2020
$50,000
See More Recent Salaries

Calculate your salary

Use Zippia's Salary Calculator to see how your pay matches up.

Underwriting Specialist Demographics

Gender

female

58.1 %

male

37.2 %

unknown

4.7 %

Ethnicity

White

72.6 %

Hispanic or Latino

9.7 %

Black or African American

8.7 %

Foreign Languages Spoken

Spanish

57.5 %

French

7.5 %

Carrier

7.5 %
See More Demographics

Underwriting Specialist Education

Majors

Business
37.3 %
Finance
9.0 %

Degrees

Bachelors

53.6 %

Masters

15.5 %

High School Diploma

11.7 %

Top Colleges for Underwriting Specialists

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

3. University of Minnesota - Twin Cities

Minneapolis, MN • Public

In-State Tuition
$14,760
Enrollment
31,451

4. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

5. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

6. SUNY at Binghamton

Vestal, NY • Public

In-State Tuition
$9,808
Enrollment
13,990

7. Ball State University

Muncie, IN • Public

In-State Tuition
$9,896
Enrollment
15,529

8. Florida State University

Tallahassee, FL • Public

In-State Tuition
$5,656
Enrollment
32,072

9. Butler University

Indianapolis, IN • Private

In-State Tuition
$41,120
Enrollment
4,553

10. University of Wisconsin - Madison

Madison, WI • Public

In-State Tuition
$10,555
Enrollment
30,360
See More Education Info
Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For an Underwriting Specialist

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 18.0% of underwriting specialists listed underwriting guidelines on their resume, but soft skills such as analytical skills and math skills are important as well.

Best States For an Underwriting Specialist

Some places are better than others when it comes to starting a career as an underwriting specialist. The best states for people in this position are California, New Jersey, New York, and Nevada. Underwriting specialists make the most in California with an average salary of $86,193. Whereas in New Jersey and New York, they would average $83,775 and $80,484, respectively. While underwriting specialists would only make an average of $77,697 in Nevada, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New York

Total Underwriting Specialist Jobs:
525
Highest 10% Earn:
$135,000
Location Quotient:
1.05
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Pennsylvania

Total Underwriting Specialist Jobs:
437
Highest 10% Earn:
$130,000
Location Quotient:
1.03
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Michigan

Total Underwriting Specialist Jobs:
373
Highest 10% Earn:
$123,000
Location Quotient:
1.47
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
View Full List

How Do Underwriting Specialist Rate Their Jobs?

Working as an Underwriting Specialist? Share your experience anonymously.
Rate
Do you work as an Underwriting Specialist?
Rate how you like work as Underwriting Specialist. It's anonymous and will only take a minute.
Rate

Top Underwriting Specialist Employers

1. CNA Financial
4.4
Avg. Salary: 
$50,552
Underwriting Specialists Hired: 
70+
2. State Farm
4.6
Avg. Salary: 
$50,771
Underwriting Specialists Hired: 
35+
3. Franklin American Mortgage
4.3
Avg. Salary: 
$53,740
Underwriting Specialists Hired: 
25+
4. Nationwide Mutual Insurance ...
4.7
Avg. Salary: 
$39,209
Underwriting Specialists Hired: 
23+
5. Zurich
4.9
Avg. Salary: 
$104,986
Underwriting Specialists Hired: 
22+
6. Humana
4.7
Avg. Salary: 
$49,803
Underwriting Specialists Hired: 
21+

Underwriting Specialist Videos

Updated October 2, 2020