What does an Underwriting Assistant do?

Underwriting assistants provide support and assistance to underwriting staff; they work for the underwriting department, organize and arrange loan approval packages, review consumer and residential loan applications, and gather credit history and other relevant background information, including cash flow records and debt-to-income ratio data. Underwriting assistants assist with the completion of rates and premiums. They perform administrative duties regarding new and renewal accounts, risk assessments, loss runs, and lost ratings.

Underwriting assistants provide research and clerical support to determine whether clients qualify for insurance policies, loans, or other financial services. They gather financial and statistical information and letters with the information provided by an underwriter. Underwriting assistants need a bachelor's degree in finance or related fields.

Education--
Work/Life Balance
3.7 ★
Salary Range--
Career Opportunity
3.5 ★
Avg. Experience2-4 years

Underwriting Assistant Salaries

Average Base Pay

£26,375 /yr
Same as national average
Not including cash compensation
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£19K
Median: £26K
£37K
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Glassdoor Estimated Salary

Underwriting Assistant Career Path

Learn how to become an Underwriting Assistant, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

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Underwriting Assistant Insights

Read what Underwriting Assistant professionals have to say about their job experiences and view top companies for this career.
Shore Funding SolutionsShore Funding Solutions
Underwriting Assistant
20 Jun 2019

“Great compensation plus bonuses.”

Torrent TechnologiesTorrent Technologies
Flood Insurance Underwriter
10 Feb 2021

“Good work life balance is encouraged.”

AmTrust FinancialAmTrust Financial
Underwriting Assistant
29 Jul 2019

“Ask for top dollar going in because it is difficult to get a decent raise or bonus.”

Byram HealthcareByram Healthcare
Insurance Verification Representative
20 Sep 2020

“Short and rushed training classes.”

State FarmState Farm
Auto Underwriting Service Assistant
14 Mar 2021

“Annual raises and bonuses based on performance.”

Liberty Specialty MarketsLiberty Specialty Markets
Underwriting Assistant
15 Sep 2019

“Salary and bonuses are not great.”

Boat US (Boat Owners Association of The United States)Boat US (Boat Owners Association of The United States)
Insurance Underwriter
9 Sep 2019

“Regular pay increases based on your performance”

DTRIC InsuranceDTRIC Insurance
Underwriting Assistant
13 Apr 2021

“Work from home is good”

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Underwriting Assistant Interviews

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Underwriting Assistant jobs