How much does an Underwriter (P/C) III make in Rio Rancho, NM? The average Underwriter (P/C) III salary in Rio Rancho, NM is $88,674 as of February 26, 2024, but the range typically falls between $76,456 and $101,107. 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. 

Underwriter (P/C) III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Underwriter (P/C) III Salary $65,332 Rio Rancho,NM February 26, 2024
25th Percentile Underwriter (P/C) III Salary $76,456 Rio Rancho,NM February 26, 2024
50th Percentile Underwriter (P/C) III Salary $88,674 Rio Rancho,NM February 26, 2024
75th Percentile Underwriter (P/C) III Salary $101,107 Rio Rancho,NM February 26, 2024
90th Percentile Underwriter (P/C) III Salary $112,427 Rio Rancho,NM February 26, 2024
25% $76,456 10% $65,332 90% $112,427 75% $101,107 $88,674 50%(Median) Didn’t find job title? Click
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Check out Underwriter (P/C) jobs in Rio Rancho, New Mexico

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What skills does an Underwriter (P/C) III need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.

3.

Financial Analysis: Financial statement analysis (or financial analysis) is the process of reviewing and analyzing a company's financial statements to make better economic decisions to earn income in future. These statements include the income statement, balance sheet, statement of cash flows, notes to accounts and a statement of changes in equity (if applicable). Financial statement analysis is a method or process involving specific techniques for evaluating risks, performance, financial health, and future prospects of an organization. It is used by a variety of stakeholders, such as credit and equity investors, the government, the public, and decision-makers within the organization. These stakeholders have different interests and apply a variety of different techniques to meet their needs. For example, equity investors are interested in the long-term earnings power of the organization and perhaps the sustainability and growth of dividend payments. Creditors want to ensure the interest and principal is paid on the organizations debt securities (e.g., bonds) when due.

Analysis 2.23%
Futures 0.46%
Financial Analysis 0.37%
Others 96.94%

Job Description for Underwriter (P/C) III

Underwriter (P/C) III analyzes and reviews inspection reports, location, risk, credit reports, etc. to accept or reject renewal/new property and casualty policy applications. Decides on appropriate premium rates and issues coverage. Being an Underwriter (P/C) III provides customer services regarding underwriting processes and decisions. May communicate with field agents to gather additional information or to explain underwriting decisions. Additionally, Underwriter (P/C) III typically requires a bachelor's degree or equivalent. May require certification as a Chartered Property Casualty Underwriter (CPCU). Typically reports to a supervisor or manager. The Underwriter (P/C) III work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be an Underwriter (P/C) III typically requires 4-7 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Underwriter (P/C) III in Rio Rancho, NM

Career Path for Underwriter (P/C) III

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Underwriter (P/C) III, the first career path typically starts with a Health Underwriting Manager position, and then Health Underwriting Director.

The second career path typically starts with a Life Underwriting Supervisor position, and then progresses to Life Underwriting Manager.

The third career path typically starts with an Underwriter (P/C) IV position, and then progresses to Property Casualty Underwriting Supervisor.

Additionally, the fourth career path typically starts with an Underwriter IV position, and then progresses to Underwriter V.

Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2022
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Underwriter (P/C) III salary varies from city to city. Compared with national average salary of Underwriter (P/C) III, the highest Underwriter (P/C) III salary is in San Francisco, CA, where the Underwriter (P/C) III salary is 25.0% above. The lowest Underwriter (P/C) III salary is in Miami, FL, where the Underwriter (P/C) III salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for an Underwriter (P/C) III, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
76456
101107
88674

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
79951
108237
94585
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Underwriter (P/C) III in Rio Rancho, NM. The base salary for Underwriter (P/C) III ranges from $76,456 to $101,107 with the average base salary of $88,674. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $79,951 to $108,237 with the average total cash compensation of $94,585.
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Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.

76456
101107

 

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How much should you be paid?

About Rio Rancho, New Mexico    Rio Rancho (Spanish: Río Rancho) is the largest city and economic hub of Sandoval County in the U.S. state of New Mexico. A small portion of the city ....More

Rio Rancho, New Mexico  area prices were up 2.5% from a year ago    View the Cost of Living in Rio Rancho, New Mexico

Underwriter (P/C) III Salary in popular cities: AlbuquerqueLas CrucesSanta Fe

Skills associated with Underwriter (P/C) III: Reinsurance, Underwriting & Rating Software, Loss Run Analysis, Policy Analysis ...More

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