Commercial Underwriter Salary in Roswell, NM
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How much does a Commercial Underwriter make in Roswell, NM? The average Commercial Underwriter salary in Roswell, NM is $49,895 as of September 01, 2024, but the salary range typically falls between $44,870 and $55,892. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Salary range for an Commercial Underwriter
$44,870 to $55,892
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Commercial Underwriter
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What does a Commercial Underwriter do?
Common responsibilities of a Commercial Underwriter
Develop a thorough understanding of all Constructive Loans product and program underwriting guidelines, documentation requirements and processing, underwriting, closing and post-closing procedures.
November 09, 2022
Handle underwriting decisions on new business, renewals and referrals that fall outside the guidelines and within delegated authority levels.
February 06, 2023
Provides support to Commercial Bankers, Bank executives, loan officers, retail bankers, loan administrators and/or process administrators by answering queries and providing training on basic lending issues.
February 19, 2023
Monitor exposure of individual risks by the review of pictures, inspections, claims, consumer reports, renewal surveys, audits and communications with Farm Bureau Insurance agents.
March 22, 2023
Demonstrated knowledge of commercial lines underwriting, risk management and agency management to include technical principles of rating and pricing commercial lines business based upon individual risk criteria to promote underwriting profitability.
April 04, 2023
Prepares business case memos and participates in business case discussions, subsequent meetings with bank management, industry specialists, and other interested parties.
April 07, 2023
Evaluates strengths and weaknesses of the credit and escalates risks and other issues to MCU and/or RM or PM (Portfolio Manager).
April 16, 2023
Understands and uses financial information, tools and expense management principles to accomplish day-to-day work and maximize profitability.
April 28, 2023
Review and analyze all documents within or associated with the underwriting file to establish accuracy in identification and minimizing the risk of exposure, utilizing change requests, claim information, loss control and outside databases to identify changes in exposure to risk.
May 21, 2023
Assist Commercial Relationship Managers (RMs) in managing workflow via a pipeline process with regard to the prioritization of new prospects, modifications, renewals/upcoming maturities, as well as Portfolio Reviews and Special Asset Reports while developing a working knowledge of all prospective opportunities through the process.
May 21, 2023
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Commercial Underwriter Salary By Experience Levels in Roswell, NM
How much should you be earning in Commercial Underwriter in Roswell, NM based on your current experience?
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RELEVANT JOB EXPERIENCE
Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.
Commercial Underwriter Salary By Level of Education in Roswell, NM
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LEVEL OF EDUCATION
Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.
Average Salary Range for Commercial Underwriter in Roswell, NM
Average Base Salary
Core compensation
44870
55892
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Commercial Underwriter in 2024?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Underwriter in Roswell, NM. The base salary for Commercial Underwriter ranges from $44,870 to $55,892 with the average base salary of $49,895. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $46,892 to $58,304 with the average total cash compensation of $51,766.
View Average Salary for Commercial Underwriter as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $49,895 | $44,870 - $55,892 |
| Bonus | $1,871 | $2,022 - $2,412 |
| Total Pay | $51,766 | $46,892 - $58,304 |
* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.
* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.
Commercial Underwriter Salary Near Roswell, NM
| CITY, STATE | AVERAGE SALARY RANGE | COMPARE TO Roswell, NM |
|---|---|---|
| CITY, STATE Hobbs, NM | AVERAGE SALARY RANGE $45,673 - $56,893 | COMPARE TO Roswell, NM |
| CITY, STATE Alamogordo, NM | AVERAGE SALARY RANGE $45,637 - $56,848 | COMPARE TO Roswell, NM |
| CITY, STATE Clovis, NM | AVERAGE SALARY RANGE $46,090 - $57,412 | COMPARE TO Roswell, NM |
| CITY, STATE Las Cruces, NM | AVERAGE SALARY RANGE $43,489 - $54,171 | COMPARE TO Roswell, NM |
| CITY, STATE Lubbock, TX | AVERAGE SALARY RANGE $46,083 - $57,403 | COMPARE TO Roswell, NM |
| CITY, STATE El Paso, TX | AVERAGE SALARY RANGE $44,751 - $55,744 | COMPARE TO Roswell, NM |
See salaries for Commercial Underwriter in locations close to Roswell, NM. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.
About Roswell, New Mexico
Roswell is a city and the seat of Chaves County in the U.S. state of New Mexico. As of the 2010 census it had a population of 48,411, making it the fifth-largest city in New Mexico. It is a center for irrigated farming, dairying, ranching, manufacturing, distribution, and petroleum production. It is also the home of New Mexico Military Institute (NMMI), founded in 1891. Bitter Lake National Wildlife Refuge is located a few miles northeast of the city on the Pecos River. Bottomless Lakes State Park is located 12 miles (19 km) east of Roswell on US 380.
The Roswell UFO incident was named after t...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
View Salary for Similar Jobs to Commercial Underwriter in Roswell, NM
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| JOB TITLE | LOCATION | MINIMUM SALARY | MAXIMUM SALARY |
|---|---|---|---|
| JOB TITLE Senior Commercial Underwriter | LOCATION Roswell, NM | MINIMUM SALARY $46,514 | MAXIMUM SALARY $59,100 |
| JOB TITLE Commercial Lines Underwriter | LOCATION Roswell, NM | MINIMUM SALARY $60,761 | MAXIMUM SALARY $78,314 |
| JOB TITLE Commercial Credit Underwriter | LOCATION Roswell, NM | MINIMUM SALARY $49,596 | MAXIMUM SALARY $62,416 |
| JOB TITLE Commercial Field Underwriter | LOCATION Roswell, NM | MINIMUM SALARY $85,004 | MAXIMUM SALARY $109,735 |
| JOB TITLE Commercial Loan Underwriter | LOCATION Roswell, NM | MINIMUM SALARY $83,037 | MAXIMUM SALARY $112,386 |
| JOB TITLE Commercial Insurance Underwriter | LOCATION Roswell, NM | MINIMUM SALARY $125,082 | MAXIMUM SALARY $174,092 |
The Commercial Underwriter job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Roswell, NM that might be a good fit for the type of job and salary you are looking for.
About Roswell, New Mexico Roswell is a city and the seat of Chaves County in the U.S. state of New Mexico. As of the 2010 census it had a population of 48,411, making it the fi....More
Roswell, New Mexico area prices were up 2.5% from a year ago
Commercial Underwriter Salary in popular cities: Albuquerque, Las Cruces, Rio Rancho
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