Insurance underwriter
Tasks
- Monitors accounting systems to determine accounts are being maintained effectively and provides information on accounting practices to auditors.
- Ensures invoices and payments are correct and sent out on time.
- Liaises with clients to ensure that payments are made on time and credit limits are not exceeded.
- Produces, collates and reports financial information for managers.
- Maintains profit and loss accounts, budgets, cash flow forecasts and other accounting records.
Typical Education Level
Level 3 NVQ; A Levels
Will retirement created job openings
In the UK, 11% in this profession are aged 55 or above.* They will likely retire in the next 10 years, creating a demand for new workers
*This is based on national data
£29,328 Average wage
Average annual earnings
The current average wage for insurance underwriter is £29,328
743 positions
Current Employment
The number of jobs in the career for the current year is 743. Job counts include both employed and self-employed persons, and do not distinguish between full- and part-time jobs.
jobs
Job Postings
Over the past year, jobs have been posted for insurance underwriter roles.
How well does it pay?
Normal pay for this occupation is £29,328 per year. That is about £2,444 per month or £15.04 per hour. New workers generally start on £22,420, while highly experienced workers can earn as much as £90,123
Is it growing or declining?
This career has remained the same over the last 2 years, and is expected to remain the same over the next 4 years. Currently, 743 people are employed in the region.
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