How much does an underwriting assistant make at State Farm?

How much does an Assistant Underwriter make at State Farm Mutual Automobile Insurance Company in the United States? Average State Farm Mutual Automobile Insurance Company Assistant Underwriter yearly pay in the United States is approximately $34,586, which is 25% below the national average.

What does an underwriting assistant do?

An underwriting assistant, or underwriting service assistant, helps a lead underwriter to process applications for mortgages, credit, or insurance. Whether you work in the banking or insurance industry, your primary responsibility is to support your company’s underwriters.

How much do underwriting assistants make?

Insurance Underwriter Assistant Salary

How much does a State Farm underwriter make?

State Farm Salary FAQs The average salary for an Underwriter is $64,028 per year in United States, which is 30% higher than the average State Farm salary of $49,000 per year for this job.

Can you be an underwriter without a degree?

To become an insurance underwriter, you typically need a bachelor’s degree. However, some employers may hire you as an underwriter without a degree if you have relevant work experience and computer proficiency. To become a senior underwriter or underwriter manager, you need to obtain certification.

Are underwriters in demand?

As crucial members of financial organizations, underwriters play a leading role in helping companies determine whether or not to take on a contract. Despite the unprecedented impacts of COVID-19 on the global economy and job market, underwriters are still in high demand.

Is being an underwriter assistant hard?

It’s hard work to become an underwriting assistant, but even the most dedicated employees consider switching careers from time to time.

How much do junior underwriters make?

Junior Underwriters in America make an average salary of $47,061 per year or $23 per hour. The top 10 percent makes over $62,000 per year, while the bottom 10 percent under $35,000 per year.

What is an underwriting technician?

The responsibilities of an underwriting technician are to decide if customers qualify for a loan or various insurance policies. These duties include gathering financial information, writing quote letters, evaluating eligibility, and arranging the loan or insurance for approval.

What does an underwriter do at State Farm?

Underwriters assess customer risks and determine insurance eligibility by reviewing applications, existing business, statistical data, reports, and customer information. Underwriting Service Assistants and Customer Service Assistants process policy changes, and collaborate with agents to serve customers.

Who are underwriters and underwriting service assistants at State Farm?

Managing each of these policies means our Underwriters and Underwriting Service Assistants have the skills and knowledge they need to help customers protect their properties and lives.

What did I do before joining State Farm Insurance?

Before I came to State Farm, I was assistant general manager for a fast food restaurant. So the underwriter determines whether the insured is a risk for the company. The underwriting service assistant role actually helps gather that information before it’s presented to the underwriter.

Who are the employees of State Farm Insurance?

State Farm is an equal opportunity employer. State Farm ® agents are independent contractors who hire their own employees. State Farm agents’ employees are not employees of State Farm. Agents are responsible for and make all employment decisions regarding their employees.

What are the duties of an underwriting service assistant?

Underwriters assess customer risks and determine insurance eligibility by reviewing applications, existing business, statistical data, reports, and customer information. Underwriting Service Assistants and Customer Service Assistants process policy changes, and collaborate with agents to serve customers.

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