What is the average Group Underwriter I salary for Hobbs, NM?
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As of March 26, 2024, the average Group Underwriter I salary in Hobbs, NM is $83,662. The chart below represents localized salaries for some of our most popular Group Underwriter I job titles in Hobbs, NM. Salaries can vary greatly depending on numerous factors, including position, location, years of experience, and level of education. Salary.com’s team of Certified Compensation Professionals analyzed survey data collected from thousands of HR departments at companies of all sizes and industries to compile a range of salaries for various Group Underwriter I job titles in Hobbs, NM. Apply your personal criteria to one of the job titles below to get your personalized salary estimate.
Group Underwriter I Salaries in Hobbs, NM
| Job Title | Salary | Hourly Rate | Location | Date Updated |
| Underwriter I | $54,477 | $26.19 | Hobbs, NM | March 26, 2024 |
| Underwriter (Life) I | $49,880 | $23.98 | Hobbs, NM | March 26, 2024 |
| Mortgage Underwriter I | $53,372 | $25.66 | Hobbs, NM | March 26, 2024 |
| Underwriter III | $84,210 | $40.49 | Hobbs, NM | March 26, 2024 |
| Underwriter II | $65,032 | $31.27 | Hobbs, NM | March 26, 2024 |
| Underwriter IV | $100,360 | $48.25 | Hobbs, NM | March 26, 2024 |
| Underwriter (Life) III | $86,509 | $41.59 | Hobbs, NM | March 26, 2024 |
| Mortgage Underwriter II | $64,295 | $30.91 | Hobbs, NM | March 26, 2024 |
| Mortgage Underwriter III | $78,266 | $37.63 | Hobbs, NM | March 26, 2024 |
| Group Branch Manager | $104,358 | $50.17 | Hobbs, NM | March 26, 2024 |
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Reviews and analyzes risk characteristics on insurance applications, renewals, and change requests. Utilizes underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages. Calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. May coordinate with field agents to collect or clarify information or decisions. Typically requires a bachelor's degree or equivalent. Typically reports to a supervisor or manager. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience. Underwriter I Salaries in Hobbs, NMAlternate Job Titles:Entry Group Underwriter, Group Insurance Underwriter I, Underwriter ICategory : Insurance
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Reviews medical, occupational, financial, and legal information to select or reject individual or group life insurance applications. Calculates rates and premiums from approved decrement tables. May have contact with the field force for information on which to base decisions. May require a bachelor's degree. Typically reports to a supervisor or manager. Works on projects/matters of limited complexity in a support role. Work is closely managed. Typically requires 0-2 years of related experience. Underwriter (Life) I Salaries in Hobbs, NMAlternate Job Titles:Entry Underwriter (Life), Life Insurance Underwriter I, Underwriter (Life) I
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Underwrites mortgage loan applications and evaluates loans in order to maximize organizational profit and minimize risk or loss. Monitors property appraisal process. Assesses risks to determine approval status. May require a bachelor's degree. Typically reports to a supervisor or manager. Works on projects/matters of limited complexity in a support role. Work is closely managed. Typically requires 0-2 years of related experience. Mortgage Underwriter I Salaries in Hobbs, NMAlternate Job Titles:Entry Mortgage Underwriter, Mortgage Underwriter I
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Reviews and analyzes risk characteristics on insurance applications, renewals, and change requests. Utilizes underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages. Calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. May coordinate with field agents to collect or clarify information or decisions. Typically requires a bachelor's degree or equivalent. Typically reports to a supervisor or manager. Work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. Typically requires 4-7 years of related experience. Underwriter III Salaries in Hobbs, NMAlternate Job Titles:Group Insurance Underwriter III, Senior Group Underwriter, Underwriter IIICategory : Insurance
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Reviews and analyzes risk characteristics on insurance applications, renewals, and change requests. Utilizes underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages. Calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. May coordinate with field agents to collect or clarify information or decisions. Typically requires a bachelor's degree or equivalent. Typically reports to a supervisor or manager. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2-4 years of related experience. Underwriter II Salaries in Hobbs, NMAlternate Job Titles:Group Insurance Underwriter II, Intermediate Group Underwriter, Underwriter IICategory : Insurance
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Reviews and analyzes risk characteristics on insurance applications, renewals, and change requests. Utilizes underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages. Calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. May coordinate with field agents to collect or clarify information or decisions. Typically requires a bachelor's degree or equivalent. Typically reports to a supervisor or manager. Work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. Typically requires 7+ years of related experience. Underwriter IV Salaries in Hobbs, NMCategory : Insurance
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Reviews medical, occupational, financial, and legal information to select or reject individual or group life insurance applications. Calculates rates and premiums from approved decrement tables. Approves or denies applications on own discretion. Typically requires a bachelor's degree. Typically reports to a manager. Contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. Typically requires 4 to 7 years of related experience. Underwriter (Life) III Salaries in Hobbs, NMAlternate Job Titles:Life Insurance Underwriter III, Senior Underwriter (Life), Underwriter (Life) IIICategory : Insurance
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Underwrites mortgage loan applications and evaluates loans in order to maximize organizational profit and minimize risk or loss. Monitors property appraisal process. Assesses risks to determine approval status. May require a bachelor's degree. Typically reports to a supervisor or manager. Gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. Typically requires 2 to 4 years of related experience. Mortgage Underwriter II Salaries in Hobbs, NMAlternate Job Titles:Intermediate Mortgage Underwriter, Mortgage Underwriter II
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Underwrites mortgage loan applications and evaluates loans in order to maximize organizational profit and minimize risk or loss. Monitors property appraisal process and assists with property inspections. Assesses risks to determine approval status. May require a bachelor's degree. Typically reports to a supervisor or manager. Contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. Typically requires 4 to 7 years of related experience. Mortgage Underwriter III Salaries in Hobbs, NMAlternate Job Titles:Senior Mortgage Underwriter, Mortgage Underwriter III
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Manages the financial and service performance of a defined group of retail branches in a geographic area. Establishes the strategy, specific goals, and performance levels required for each branch to meet the organizational objectives for the region. Monitors and analyzes financial and customer activity to understand needs, identify issues, and provide the tools and resources needed to achieve goals. Leads business development and promotional activities in the area and coaches branch managers in tactics to build customer relationships, increase sales, and enhance the bank's presence in the community. Typically requires a bachelor's degree. Typically reports to a director. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. Group Branch Manager Salaries in Hobbs, NMAlternate Job Titles:Branch Cluster Manager I, Branch Group Manager - Small, Group Branch Manager