Underwriter Commercial Real Estate salary in Nigeria

Average Yearly Salary of Underwriter Commercial Real Estate in Nigeria is approximately 6,269,362 NGN (7,506 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Underwriter Commercial Real Estate do?

An underwriter in commercial real estate is responsible for assessing the risk and financial viability of loan applications for commercial property purchases or refinancing. They evaluate the borrower's financial statements, credit history, property appraisal, and market conditions to determine the loan amount, interest rate, and terms. Underwriters analyze the potential risks associated with the investment, such as market volatility, property value fluctuations, and borrower's ability to repay the loan. They ensure compliance with lending guidelines, regulations, and internal policies. Additionally, underwriters collaborate with loan officers, appraisers, and legal teams to gather necessary information and make informed decisions. Strong analytical skills, attention to detail, and knowledge of real estate markets are crucial for success in this role.

Skills: underwriter, commercial real estate, risk assessment, loan analysis, financial viability, compliance.
Job industry: Banking

How much does Underwriter Commercial Real Estate make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Underwriter Commercial Real Estate a well paid job?

Yes, our data shows that Underwriter Commercial Real Estate is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Underwriter Commercial Real Estate?

High salary for Underwriter Commercial Real Estate would be somewhere between 6,896,298 NGN and 9,090,575 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Underwriter Commercial Real Estate in Nigeria?

Living in Nigeria the approximate monthly expenses are: 206 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 6,269,362 NGN
Estimated Monthly Salary: 522,447 NGN
Estimated Weekly Salary: 120,565 NGN per week
Estimated Hourly Salary: 3,014 NGN per hour
By working as Underwriter Commercial Real Estate a person can save up to 420 USD per month or 5,039 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Nigeria, see costs of living in Nigeria.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Niger, Chad, Cameroon, Benin.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Underwriter Commercial Real Estate

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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