Home > Salary > South Africa > 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: 171,356 ZAR
Estimated Monthly Salary: 14,280 ZAR
Estimated Weekly Salary: 3,295 ZAR per week
Estimated Hourly Salary: 82 ZAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 13,795 ZAR
Estimated Weekly Salary: 3,183 ZAR per week
Estimated Hourly Salary: 80 ZAR per hour
Last revision of data: 2024-01-09
Estimated Yearly Salary: 8,558 USD
Estimated Monthly Salary: 713 USD
Estimated Weekly Salary: 165 USD per week
Estimated Hourly Salary: 4 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
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: 171,356 ZAR
Estimated Monthly Salary: 14,280 ZAR
Estimated Weekly Salary: 3,295 ZAR per week
Estimated Hourly Salary: 82 ZAR per hour
By working as Underwriter Business Banking a person can save up to 442 USD per month or 5,304 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 South Africa, see costs of living in South Africa.
Estimated Yearly Salary for Underwriter Business Banking
Last revision of data: 2025-01-04
Data as of 2025
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Underwriter Business Banking salary in South Africa
Average Yearly Salary of Underwriter Business Banking in South Africa is approximately 171,356 ZAR (8,558 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: 171,356 ZAR
Estimated Monthly Salary: 14,280 ZAR
Estimated Weekly Salary: 3,295 ZAR per week
Estimated Hourly Salary: 82 ZAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 165,540 ZAREstimated Monthly Salary: 13,795 ZAR
Estimated Weekly Salary: 3,183 ZAR per week
Estimated Hourly Salary: 80 ZAR 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: 8,558 USD
Estimated Monthly Salary: 713 USD
Estimated Weekly Salary: 165 USD per week
Estimated Hourly Salary: 4 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %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
South Africa is a diverse and vibrant country located at the southernmost tip of the African continent. It has a population of approximately 59 million people and covers an area of around 1.2 million square kilometers. The country is known for its rich cultural heritage, stunning landscapes, and abundant wildlife.
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter Business Banking job salary compared to average salary in South Africa.
Comparison shows that a person working as Underwriter Business Banking in South Africa earns on average:
1.35 times the average salary (or 135% of average salary).
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Underwriter Business Banking job salary compared to average salary in South Africa.
Comparison shows that a person working as Underwriter Business Banking in South Africa 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 188,492 ZAR and 248,466 ZAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Underwriter Business Banking in South Africa?
Living in South Africa the approximate monthly expenses are: 271 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: 171,356 ZAR
Estimated Monthly Salary: 14,280 ZAR
Estimated Weekly Salary: 3,295 ZAR per week
Estimated Hourly Salary: 82 ZAR per hour
By working as Underwriter Business Banking a person can save up to 442 USD per month or 5,304 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 South Africa, see costs of living in South Africa.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Namibia, Botswana, Zimbabwe, Mozambique, Eswatini, Lesotho. 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
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 South Africa
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Data as of 2025Random salary:
Radiologist specialist (139,277 ZAR per year, pre-tax.)
Range manager (186,603 ZAR per year, pre-tax.)
Ceramic engineer (158,694 ZAR per year, pre-tax.)
General manager of operations (176,126 ZAR per year, pre-tax.)
Home care staffing coordinator (65,057 ZAR per year, pre-tax.)
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The salary data presented here are meant for informational purposes only. While we strive to ensure accuracy, we do not guarantee every estimate is precise. Users should to research salary details with official authorities before making important financial choices. Salary ranges can fluctuate due to economic shifts, demand variations, and regional factors. We disclaim responsibility for inaccuracies in the compensation data displayed.
optisalary.com displays salary data solely for informational use. While we strive for correctness, we cannot ensure the precision of all figures. Users must verify salary details with official sources before making financial decisions. Salary estimates may fluctuate based on multiple factors, such as company size, negotiation tactics, and industry demand. We assume no responsibility for errors in the salary figures provided. By accessing optisalary.com, you accept that salary data is subject to change.