Home > Salary > Saudi Arabia > Underwriter Business Banking
An underwriter in business banking is responsible for assessing and evaluating loan applications and creditworthiness of businesses. They analyze financial statements, cash flow projections, market trends, and risk factors to determine the viability of lending to a company. Underwriters also review collateral and ensure compliance with lending policies and regulations. They communicate with clients, gather necessary documentation, and provide recommendations for loan approval or denial. Additionally, underwriters monitor existing loans, assess potential risks, and make recommendations for modifications or renewals. This role requires strong analytical skills, attention to detail, and knowledge of financial markets and lending practices.
Estimated Yearly Salary: 139,264 SAR
Estimated Monthly Salary: 11,605 SAR
Estimated Weekly Salary: 2,678 SAR per week
Estimated Hourly Salary: 67 SAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 11,227 SAR
Estimated Weekly Salary: 2,591 SAR per week
Estimated Hourly Salary: 65 SAR per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 34,913 USD
Estimated Monthly Salary: 2,909 USD
Estimated Weekly Salary: 671 USD per week
Estimated Hourly Salary: 17 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 139,264 SAR
Estimated Monthly Salary: 11,605 SAR
Estimated Weekly Salary: 2,678 SAR per week
Estimated Hourly Salary: 67 SAR per hour
By working as Underwriter Business Banking a person can save up to 1,806 USD per month or 21,670 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 Saudi Arabia, see costs of living in Saudi Arabia.
Estimated Yearly Salary for Underwriter Business Banking
United Arab Emirates is 62,045 USD 78%
Details on Underwriter Business Banking salary in United Arab Emirates Last revision of data: 2025-01-04
Data as of 2025
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Underwriter Business Banking salary in Saudi Arabia
Average Yearly Salary of Underwriter Business Banking in Saudi Arabia is approximately 139,264 SAR (34,913 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 Business Banking do?
An underwriter in business banking is responsible for assessing and evaluating loan applications and creditworthiness of businesses. They analyze financial statements, cash flow projections, market trends, and risk factors to determine the viability of lending to a company. Underwriters also review collateral and ensure compliance with lending policies and regulations. They communicate with clients, gather necessary documentation, and provide recommendations for loan approval or denial. Additionally, underwriters monitor existing loans, assess potential risks, and make recommendations for modifications or renewals. This role requires strong analytical skills, attention to detail, and knowledge of financial markets and lending practices.
Skills: underwriter, business banking, credit analysis, risk assessment, financial analysis, loan approval.
Job industry: Banking
Job industry: Banking
How much does Underwriter Business Banking make?
Salary details
How much does Underwriter Business Banking make?Estimated Yearly Salary: 139,264 SAR
Estimated Monthly Salary: 11,605 SAR
Estimated Weekly Salary: 2,678 SAR per week
Estimated Hourly Salary: 67 SAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 134,728 SAREstimated Monthly Salary: 11,227 SAR
Estimated Weekly Salary: 2,591 SAR per week
Estimated Hourly Salary: 65 SAR per hour
Last revision of data: 2024-01-09Underwriter Business Banking estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 34,913 USD
Estimated Monthly Salary: 2,909 USD
Estimated Weekly Salary: 671 USD per week
Estimated Hourly Salary: 17 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
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Salary comparison to National average
Saudi Arabia, officially known as the Kingdom of Saudi Arabia, is a country located in the Middle East. With a population of approximately 34 million people, it is the 40th most populous country in the world. The nation covers an area of about 2.15 million square kilometers, making it the 13th largest country globally. Saudi Arabia is bordered by Jordan and Iraq to the north, Kuwait to the northeast, Qatar, Bahrain, and the United Arab Emirates to the east, Oman to the southeast, and Yemen to the south.
Estimated national average yearly salary is 103,462 SAR (27,590 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter Business Banking job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Underwriter Business Banking in Saudi Arabia earns on average:
1.35 times the average salary (or 135% of average salary).
Estimated national average yearly salary is 103,462 SAR (27,590 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter Business Banking job salary compared to average salary in Saudi Arabia.
Comparison shows that a person working as Underwriter Business Banking in Saudi Arabia earns on average:
1.35 times the average salary (or 135% of average salary).
Is Underwriter Business Banking a well paid job?
Yes, our data shows that Underwriter Business Banking 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 Business Banking?
High salary for Underwriter Business Banking would be somewhere between 153,190 SAR and 201,933 SAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriter Business Banking in Saudi Arabia?
Living in Saudi Arabia the approximate monthly expenses are: 1,104 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: 139,264 SAR
Estimated Monthly Salary: 11,605 SAR
Estimated Weekly Salary: 2,678 SAR per week
Estimated Hourly Salary: 67 SAR per hour
By working as Underwriter Business Banking a person can save up to 1,806 USD per month or 21,670 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 Saudi Arabia, see costs of living in Saudi Arabia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Jordan, Iraq, Kuwait, Qatar, Bahrain, United Arab Emirates, Oman, Yemen. 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 Business Banking
Jordan is 11,959 USD
Iraq is 7,570 USD
Kuwait is 16,956 USD
Qatar is 89,378 USD
Bahrain is 22,594 USDUnited Arab Emirates is 62,045 USD 78%Details on Underwriter Business Banking salary in United Arab Emirates
Oman is 11,424 USD Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Saudi Arabia
(1,155,796 SAR per year, pre-tax.)
2. Cardiologist
(962,048 SAR per year, pre-tax.)
(923,476 SAR per year, pre-tax.)
4. Neurosurgeon
(900,367 SAR per year, pre-tax.)
(897,041 SAR per year, pre-tax.)
(877,388 SAR per year, pre-tax.)
(874,133 SAR per year, pre-tax.)
(873,498 SAR per year, pre-tax.)
9. Urologist
(873,306 SAR per year, pre-tax.)
(872,951 SAR per year, pre-tax.)
Data as of 2025Random salary:
Paramedic supervisor (82,770 SAR per year, pre-tax.)
Cafe assistant manager (49,929 SAR per year, pre-tax.)
Metal caster foundry (77,038 SAR per year, pre-tax.)
Librarian special library (116,914 SAR per year, pre-tax.)
Admissions director (collegeuniversity) (127,260 SAR per year, pre-tax.)
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