How To Become An Underwriting Technician: What It Is and Career Path

What is an underwriting technician and how to become one

Updated January 8, 2025

3 min read

An underwriting technician is also known as an underwriting assistant or underwriter. An underwriting technician's primary responsibility is to decide if clients qualify for specific policies relating to loans or insurance. Your duties include gathering financial information, drafting quote letters, reviewing eligibility, and preparing the loan or insurance for approval. You'll also collect credit history and background information on clients while ensuring records are accurate and kept confidential. The underwriter participates in the subscription process.

The main qualification for becoming an underwriter is earning a bachelor's degree in business administration, finance, or a relevant field. An underwriter earns an average of $17.86 per hour, totaling $37,158 annually. An underwriting technician can work in different offices, including medical insurance, life insurance, vehicle insurance, property insurance, and financial loans. As an underwriting technician, you must be able to multitask effectively and efficiently. Also, you must have organization and communication skills.

ScoreUnderwriting TechnicianUS Average

Salary

3.5

Avg. Salary $44,704

Avg. Salary $59,228

Stability level

7.6

Growth rate -4%

Growth rate 0.3%

Diversity

5.4

Race

American Indian and Alaska Native 0.37%

Asian 5.61%

Black or African American 8.87%

Hispanic or Latino 9.56%

Unknown 2.47%

White 73.11%

Gender

female 74.85%

male 25.15%

Age - 43

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 43

Stress level

7.6

Stress level is high

7.1 - high

Complexity level

8.6

Complexity level is advanced

7 - challenging

Work life balance

5.5

Work life balance is fair

6.4 - fair

Key steps to become an underwriting technician

Explore underwriting technician education requirements

Most common underwriting technician degrees

Bachelor's

54.2 %

Associate

20.2 %

High School Diploma

13.0 %

Start to develop specific underwriting technician skills

Skills	Percentages
Cancellations	17.39%
Insurance Policies	9.58%
Data Entry	8.90%
Underwriting Guidelines	6.77%
Underwriting Analysis	5.54%

Complete relevant underwriting technician training and internships

Accountants spend an average of 3-6 months on post-employment, on-the-job training. New underwriting technicians learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as an underwriting technician based on U.S. Bureau of Labor Statistics data and data from real underwriting technician resumes.

Research underwriting technician duties and responsibilities

Generate business leads by promoting AIG's products and servicing.
Assist underwriters in expediting new business, processing endorsements and/or modifying existing policies while achieving broker relationships.
Work directly with independent agents and BCBS marketing department to analyze information and make eligibility decisions with strict timelines.
Order and code clues and MVRs for renewing umbrella policies.

Prepare your underwriting technician resume

When your background is strong enough, you can start writing your underwriting technician resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on an underwriting technician resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose from 10+ customizable underwriting technician resume templates

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