SitusAMC Mumbai Underwriter Salaries by 100+ Employees (Updated 2025)

3 - 12 years exp.

₹4.5 Lakhs - ₹10.1 Lakhs

Salary of majority employees

24% more than the average Underwriter Salary in Software Product Companies for 3 - 12 years of experience

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Salaries in different departments

Customer Success, Service & Operations Underwriter Salary 3 - 12 years exp. (34 salaries)	₹4.5 L/yr - ₹10.1 L/yr
Finance & Accounting Underwriter Salary 3 - 9 years exp. (23 salaries)	₹4.7 L/yr - ₹10 L/yr
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BFSI, Investments & Trading Underwriter Salary 3 - 10 years exp. (21 salaries)	₹6.1 L/yr - ₹9.1 L/yr
Risk Management & Compliance Underwriter Salary 3 - 10 years exp. (6 salaries)	₹5.6 L/yr - ₹7.8 L/yr
Quality Assurance Underwriter Salary 9 - 12 years exp. (3 salaries)	₹6.8 L/yr - ₹8.5 L/yr

Last Updated: 13 Mar 2025

Companies similar to SitusAMC for Underwriter in Mumbai

SitusAMC Underwriter Salary

3 - 12 years exp. (102 salaries)

₹4.5 L/yr - ₹10.1 L/yr

Company name	Avg Annual Salary	Open Jobs
Techsurance Underwriter Salary 0 - 2 years exp. (25 salaries)	₹1.8 L/yr - ₹3.2 L/yr 71% less
Tata AIG Underwriter Salary 0 - 5 years exp. (19 salaries)	₹5.5 L/yr - ₹17.4 L/yr 34% more
Login to view exact salary
ICICI Lombard General Insurance Company Underwriter Salary 0 - 3 years exp. (16 salaries)	₹5 L/yr - ₹10 L/yr 7% more
Firstsource Solutions Underwriter Salary 2 - 6 years exp. (14 salaries)	₹4.5 L/yr - ₹7.7 L/yr 23% less
ICICI Prudential Life Insurance Underwriter Salary 0 - 5 years exp. (9 salaries)	₹2.6 L/yr - ₹5 L/yr 43% less

Underwriter salary at SitusAMC ranges between ₹4.5 Lakhs to ₹10.1 Lakhs per year for employees with experience between 3 years to 12 years. Salary estimates are based on 102 latest salaries received from various employees of SitusAMC.

Experience wise SitusAMC Underwriter salaries in Mumbai

Last Updated: 13 Mar 2025

Experience	Avg Annual Salary
3 years (13 salaries)	₹4.5 L/yr - ₹8.5 L/yr
4 years (8 salaries)	₹4.7 L/yr - ₹9.8 L/yr
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5 years (15 salaries)	₹5.6 L/yr - ₹8.3 L/yr
6 years (12 salaries)	₹5.6 L/yr - ₹10 L/yr
7 years (14 salaries)	₹5 L/yr - ₹10 L/yr
8 years (12 salaries)	₹5.3 L/yr - ₹10 L/yr
9 years (13 salaries)	₹5.7 L/yr - ₹9 L/yr
10 years (9 salaries)	₹6 L/yr - ₹9 L/yr
11 years (4 salaries)	₹3.2 L/yr - ₹9.9 L/yr
12 years (AmbitionBox Estimate)	₹6.8 L/yr - ₹10.1 L/yr

View all

Similar Designation salaries in SitusAMC

Senior Analyst Salary

(157 salaries)

₹3 L/yr - ₹9 L/yr

Mortgage Underwriter Salary

(50 salaries)

₹4 L/yr - ₹10 L/yr

Analyst Salary

(43 salaries)

₹2.3 L/yr - ₹7.8 L/yr

Team Lead Salary

(31 salaries)

₹6.1 L/yr - ₹14.5 L/yr

Senior Underwriter Salary

(21 salaries)

₹5 L/yr - ₹14 L/yr

Senior Associate Salary

(10 salaries)

₹4.8 L/yr - ₹7 L/yr

Underwriting Analyst Salary

(3 salaries)

₹5 L/yr - ₹7.05 L/yr

Top skills at SitusAMC for Underwriter

Appraisal Market Data US Mortgage US Staffing Genetics US Mortgage Tax Returns Tax returns market data Credit Appraisal Technology Solutions Websphere Mq Android Customer Service Capsules

Salary related reviews for SitusAMC

4.0

Rated by 10 employees for salary & benefits

Underwriter in Bangalore / Bengaluru

Full Time

Customer Success, Service & Operations Department

3.0

• posted on 19 Jul 2023

3.0

for Salary and Benefits

Likes

Work life balance

Work-life balance - Excellent

Dislikes

.... IJP is fake, all upper positions are reserved for friends in Mumbai branch. The associate manager just cut-off the hikes of juniors and add it on own salary. They show too much cleverness on cutting ICP by increasing targets and other things This review is from US Residential Mortgage Bangalore team underwriter.

Skill development - Bad

+3 more

Underwriter in Gurgaon / Gurugram

Full Time

Other Department

3.0

• posted on 24 Aug 2023

3.0

for Salary and Benefits

Likes

Salary on time is what I like..

Dislikes

Work life balance is not there.. other Companies are offering Hybrid or Remote working but Situs is not providing the same. Admin facilities are worst. Transport issues.

Skill development - Poor

+2 more

Underwriter in Airoli Mind Space West

RRE Department

2.0

• posted on 05 Aug 2022

3.0

for Salary and Benefits

Likes

...anageable specially when there is low volume of work. Better than a call center. Only one positive thing here is the salary is not that bad. It. Is ok.

Dislikes

Very hard to find help in any query in the process. Everything is treated like a top secret and they keep you in the dark for almost everything. They don't even reply to the messages in teams if you ask for help or any other matter. The management is crap and does not know how to deal with any scenario. They only want the maximum work done by you and do not care about you or your health. There is zero job security in this field as this is justa hire and fire job.

Skill development - Bad

+5 more

Mortgage Underwriter in Mumbai

Full Time

Finance & Accounting Department

1.0

• posted on 30 Jan 2025

1.0

for Salary and Benefits

Likes

There is nothing to like about this company

Dislikes

...yee are a machine who sits on system for 9hrs pathetic in human behaviour!!!!!!! No salary growth promotion and hike for genuine people No job security at all. They can fire anytime with whatever's reasons Additional. Manager will force to work on weekends saying it is mandatory.

Salary - Bad

+6 more

Senior Underwriter in Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 01 Oct 2023

3.0

for Salary and Benefits

Likes

The work we did was good. Situs AMC as a company is really great to work with. Pay scale is also good.

Dislikes

The management is pathetic. They will make you feel like you are slave. There is no work life balance. Every festival they will make you to login and work, and they themselves will enjoy their holidays.

Skill development - Bad

+5 more

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Salary Discussions, Hike & Promotions

a system engineer

Just had to share this, I got a 100% hike!

I'm keeping this anonymous because I don’t want to disclose it in real life. After two years without a raise, I successfully negotiated a 100% increase at my current company. I focused on creating significant value and worked in cross-functional teams to learn as much as possible. There were times when I was overworked, but it was all worthwhile. I was confident that it was a mutually beneficial situation. My advice would be to choose your job wisely, create value in the right place, and don't be afraid to negotiate.

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SitusAMC Underwriter Salary FAQs

What is the salary of Underwriter at SitusAMC in Mumbai?

The average salary of a Underwriter at SitusAMC in Mumbai typically ranges from ₹4.5 Lakhs to ₹10.1 Lakhs per year, depending on experience (from 3 years to 12 years).

The top 10% of Underwriter in Mumbai at SitusAMC earn more than ₹9.0 Lakhs per year, and the top 1% earn over ₹10.1 Lakhs per year. Underwriter Salaries at SitusAMC can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 100+ SitusAMC employees in India.

What is the estimated take home salary of a Underwriter at SitusAMC in Mumbai?

The estimated take-home salary of a Underwriter at SitusAMC in Mumbai typically ranges from ₹54,563 to ₹55,926 per month. This is based on the average salary range of ₹4.5 Lakhs to ₹10.1 Lakhs per year for employees with experience ranging from 3 years to 12 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 100+ salaries received from various employees of SitusAMC. Check how we calculate in-hand salary with our in-hand salary calculator.

What are the key skills required to be a Underwriter at SitusAMC in Mumbai?

To be a Underwriter at SitusAMC in Mumbai, the key skills required include:

- Appraisal
- Market Data
- US Mortgage
- US Staffing
- Genetics

These skills are highly valued at SitusAMC and are crucial for successful performance in a Software Engineering role.

Which companies offer higher salaries than SitusAMC for Underwriter in India?

Tata AIG	₹5.5 Lakhs to ₹17.4 Lakhs per year
ICICI Lombard General Insurance Company	₹5.0 Lakhs to ₹10.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by SitusAMC, depending on the role and experience level.

What is the salary of a Underwriter in companies similar to SitusAMC in Mumbai?

The salary of a Underwriter at companies similar to SitusAMC in Mumbai varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Firstsource Solutions	₹4.5 Lakhs to ₹7.7 Lakhs per year
ICICI Prudential Life Insurance	₹2.6 Lakhs to ₹5.0 Lakhs per year
Techsurance	₹1.8 Lakhs to ₹3.2 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.

How the salary growth look like for a Underwriter at SitusAMC in Mumbai?

The salary growth for a Underwriter at SitusAMC in Mumbai depends on factors such as experience, performance, and promotions. On average, a Underwriter in Mumbai can expect the following growth trajectory at SitusAMC:

Experience	Average Salary Range
3 years	₹4.5 Lakhs to ₹8.5 Lakhs per year
4 years	₹4.7 Lakhs to ₹9.8 Lakhs per year
5 years	₹5.6 Lakhs to ₹8.3 Lakhs per year
6 years	₹5.6 Lakhs to ₹10.0 Lakhs per year

and so on.

Tell us how to improve this page.

SitusAMC Underwriter salary in Mumbai ranges between ₹4.5 Lakhs to ₹10.1 Lakhs with an average annual salary of ₹. Salary estimates are based on 102 SitusAMC latest salaries received from various employees of SitusAMC.