How Much Do Underwriting Service Assistant Make?
How much do underwriting service assistant make? Discover the average salary, base salary, and compensation for underwriting service assistant in the assistant & support roles category. Learn about underwriting service assistant pay per hour, per week, per month, and per annum with detailed salary ranges from $45,000 to $50,000.
How Much Do Underwriting Service Assistant Make? Complete Salary Guide
How much do underwriting service assistant make? This is one of the most common questions in career planning. Underwriting Service Assistant in the Assistant & Support Roles field can expect to earn an average salary of $55,000 per year, with entry-level positions starting at $45,000 and experienced professionals earning up to $50,000 annually.
When breaking down the average salary of underwriting service assistant by time periods, underwriting service assistant typically make around $4,583.333 per month and approximately $1,057.692 per week. The basic salary of underwriting service assistant varies significantly based on experience level, location, and industry specialization. Entry-level underwriting service assistant typically start with a base salary of $45,000, while mid-career professionals earn an average of $55,000, and senior-level roles can command salaries exceeding $50,000.
The salary landscape for underwriting service assistant is influenced by several key factors including geographic location, years of experience, educational background, and specific industry demands. How much do underwriting service assistant make in a week? On average, this translates to approximately $1,057.692 per week. How much do underwriting service assistant make per annum? The annual salary range spans from $40,000 to $75,000, with the median salary sitting at $55,000. Additionally, many underwriting service assistant receive bonuses averaging $5,000 annually, representing approximately 10.25% of their base salary.
How Much Do Underwriting Service Assistant Get Paid Per Annum? Underwriting Service Assistant Salary
Annual salary data for underwriting service assistant across different experience levels, showing entry-level, mid-career, and experienced professional compensation ranges based on industry standards.
Entry Level Annual Salary
Mid-Career Annual Salary
Experienced Annual Salary
How Much Do Underwriting Service Assistant Get Paid in a Month? Underwriting Service Assistant Monthly Salary
Monthly salary breakdowns for underwriting service assistant at different career stages, providing practical budgeting insights and compensation expectations for financial planning.
Entry Level Monthly Salary
Mid-Career Monthly Salary
Experienced Monthly Salary
How Much Do Underwriting Service Assistant Get Paid in Different Locations?
Geographic salary variations for underwriting service assistant across different cities and regions, including cost of living adjustments and regional market demand factors that impact compensation.
Underwriting Service Assistant Salary Trends
Historical salary progression for underwriting service assistant over the past years, showing year-over-year compensation growth and market trends in the industry.
Underwriting Service Assistant Salary Trends (2020 - 2025)
Bonus & Compensation Package
Additional compensation beyond base salary, including bonuses, commissions, and overtime opportunities that contribute to total annual earnings.
Bonus Percentage
of annual salary
Bonuses for Underwriting Service Assistants are typically based on performance metrics, accuracy, efficiency, and meeting departmental goals or targets.
Average Bonus
annually
Commission
An Underwriting Service Assistant role usually does not offer commission or incentive opportunities, as it focuses more on administrative support rather than sales-driven tasks.
Overtime
Overtime pay for Underwriting Service Assistants is not common, as many positions are salaried and may not qualify for additional compensation beyond regular hours.
Employee Benefits Package
Comprehensive benefits and perks provided to employees, including health coverage, retirement plans, time off policies, and professional development opportunities.
Comprehensive Benefits
Typical benefits for an Underwriting Service Assistant include competitive health insurance, 401(k) retirement plans with employer matching, paid time off (PTO), flexible work schedules, professional development opportunities, and potential bonuses.
Underwriting Service Assistant Job Overview
Comprehensive details about the underwriting service assistant role including daily responsibilities, work environment, physical demands, and key tasks that define this career path.
About This Role
An Underwriting Service Assistant supports underwriters by gathering and analyzing data, preparing documentation, and ensuring compliance with regulations. They facilitate communication between clients and underwriters, streamline processes, and enhance efficiency in risk assessment. This role is crucial for maintaining accurate records and delivering exceptional service within the underwriting team.
Primary Responsibilities
Reviewing insurance applications, Assisting underwriters with documentation, Processing policy renewals, Communicating with clients and agents, Maintaining accurate records, Conducting risk assessments, Preparing reports for underwriters, Managing correspondence related to underwriting, Supporting the underwriting team with administrative tasks.
Day-to-Day Tasks
An Underwriting Service Assistant typically reviews applications, gathers necessary documentation, communicates with clients and agents, processes data, assists underwriters with risk assessments, and maintains organized records for efficient workflow.
Work Environment
Hybrid
Underwriting Service Assistants typically work in office environments, using computers to process documents, communicate with clients, and support underwriters.
Physical Demands
Moderate
Underwriting Service Assistants typically work in an office environment, requiring prolonged sitting, computer use, and occasional overtime. Strong attention to detail and communication skills are essential.
Underwriting Service Assistant Requirements & Prerequisites
Essential qualifications and credentials needed to pursue a career as a underwriting service assistant, including educational background, certifications, and experience requirements.
Education
High School diploma.
Field: Finance, Business Administration, Risk Management, Economics, Insurance, Mathematics, Statistics, Accounting, Actuarial Science, Communication.
Experience
2 years
Employers seek candidates with strong analytical skills, attention to detail, customer service experience, proficiency in underwriting processes, and familiarity with insurance policies to support efficient risk assessment and decision-making.
Certifications
Certified Insurance Service Representative (CISR), Chartered Property Casualty Underwriter (CPCU), Associate in Commercial Underwriting (ACU), Associate in Personal Insurance (API), Insurance License, National Association of Professional Surplus Lines Offices (NAPSLO) Certification.
Required Skills
Attention to detail, strong analytical skills, excellent communication skills, customer service orientation, proficiency in computer software and databases, organizational skills, problem-solving abilities, time management.
Technical Skills
Soft Skills
Underwriting Service Assistant Career Path
Professional progression opportunities for underwriting service assistant from entry-level to senior management, including typical career advancement timeline and role evolution.
Entry Level
Insurance Sales Agent, Claims Adjuster, Risk Analyst
Early-career Underwriting Service Assistants support underwriters by gathering information, processing applications, maintaining records, and assisting in risk assessment to ensure efficient underwriting operations.
Mid-Career
Underwriting Assistant, Insurance Analyst, Risk Assessment Coordinator
Mid-career Underwriting Service Assistants manage policy documentation, assist underwriters with risk assessments, process applications, maintain client communication, and ensure compliance with regulatory standards.
Senior Management
Underwriting Manager, Senior Underwriter, Director of Underwriting Operations
Senior Underwriting Service Assistants manage complex underwriting tasks, oversee team performance, ensure compliance, analyze data, support decision-making processes, and enhance client relationships for optimal service delivery.
Career Progression Timeline
Timeline: 5 years
An Underwriting Service Assistant typically progresses to roles like Underwriter or Senior Underwriting Analyst, gaining expertise in risk assessment and decision-making within the insurance industry. Career advancement often includes increased responsibilities and specialized training.
Underwriting Service Assistant Industry & Growth
Market outlook and growth prospects for underwriting service assistant, including industry trends, job market demand, and factors influencing career opportunities and advancement.
Job Outlook
Faster than average
Projected: 2024–2034
Industry Trends
Increased use of artificial intelligence and automation for risk assessment and underwriting processes, Growing demand for remote work options and flexible job arrangements in the insurance industry, Rising focus on data analytics and predictive modeling to enhance decision-making in underwriting.
Growth Factors
Rising insurance complexities, regulatory changes, increased risk assessment needs, digital transformation in underwriting, and demand for efficiency drive growth in Underwriting Service Assistant roles.
Future Opportunities
AI-driven risk assessment, telematics in auto insurance, blockchain for claims processing, and personalized underwriting through big data analytics are emerging opportunities.
Underwriting Service Assistant Related Professions
Alternative career paths and similar roles for underwriting service assistant, including career transitions, related positions, and advancement opportunities within the field.
Similar Roles
Career Alternatives
Upgrade Paths
Related Entry Roles
Underwriting Service Assistant Skills & Development
Essential skills and professional development resources for underwriting service assistant, including technical abilities, soft skills, recommended courses, and ongoing learning opportunities.
Technical Skills
Soft Skills Needed
Recommended Certifications
Recommended Courses
Development Resources
Training Timeline
Estimated training time
Frequently Asked Questions About Underwriting Service Assistant Salary
Common questions and answers about pursuing a career as a underwriting service assistant, covering qualifications, salary expectations, career prospects, and practical career guidance.
What qualifications are needed to become an Underwriting Service Assistant?
Typically, a high school diploma or equivalent is required, along with relevant coursework or certifications in finance or insurance.
What is the average salary of an Underwriting Service Assistant?
The average salary ranges from $40,000 to $55,000 per year, depending on experience and location.
What skills are essential for an Underwriting Service Assistant?
Key skills include attention to detail, analytical thinking, communication skills, and proficiency in underwriting software.
Is prior experience necessary to become an Underwriting Service Assistant?
While not always required, prior experience in insurance or finance can be beneficial and may enhance job prospects.
What career advancement opportunities exist for an Underwriting Service Assistant?
With experience and additional education, one can advance to roles such as underwriter or risk analyst.
How Much Others Make?
Explore salary data for other professions to compare compensation across different career paths and industries.