What are the job responsibilities of an Underwriting Clerk? What does an individual in this position get paid in New Jersey?

Here is the position summary for Underwriting Clerk as found in BLR’s Salary Finder:

Process new insurance policies, modifications to existing policies, and claims forms. Obtain information from policyholders to verify the accuracy and completeness of information on claims forms, applications and related documents, and company records. Update existing policies and company records to reflect changes requested by policyholders and insurance company representatives. Exclude "Claims Adjuster, Examiner, and Investigator".

In New Jersey, the midpoint of salaries reported for the position (50th percentile) is $37,848. The 75th percentile (the rate below which 75% of salary data falls) is $44,374. The 25th percentile (the rate below which 25% of the data falls) is $31,806.

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How much should you pay an Underwriting Clerk?

Compensation.BLR.com, a leading provider of compensation data, scores this job as nonexempt (entitled to overtime). According to Compensation.BLR.com's rate ranges, grade 24 has a minimum of $24,356. The midpoint is $32,487, and the maximum is $40,599.

How much should an employer be paying an Underwriting Clerk in New Jersey? It depends on many factors, but the most important are the experience and skills of the employee or applicant. Answer these questions: How much experience does he or she have? How highly skilled is he or she? Then, use the table below. Interpolate as necessary.