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Senior Underwriter Jobs in Rio Rancho, NM (NOW HIRING)

AMERIND

Underwriter I

Bernalillo, NM · On-site

$53K - $79K/yr

Renders decisions based on consultations with Senior Underwriters, managers, and upper management. * Participates in cross-functional team training. * Performs other duties as assigned. Supervision ...

AMERIND

Underwriter I

Bernalillo, NM · On-site

$53K - $79K/yr

Renders decisions based on consultations with Senior Underwriters, managers, and upper management. * Participates in cross-functional team training. * Performs other duties as assigned. Supervision ...

Nusenda

Small Business Underwriter

Albuquerque, NM · On-site

As a Small Business Underwriter, you will be responsible for underwriting, decisioning, and structuring conventional and Small Business Administration small business loan requests within defined ...

Texas Roadhouse

To-Go

Santa Fe, NM · On-site

$89K - $106K/yr

At Texas Roadhouse, we are a people-first company that just happens to serve steaks. Legendary Food and Legendary Service is who we are. We're about loving what you're doing today and preparing you ...

Nusenda

Sr. Commercial Credit Analyst

Albuquerque, NM · On-site

Sr. Commercial Credit Analyst Nusenda Credit Union is dedicated to excellent member service and ... Complete analysis and underwriting of new loan requests, including screening, spreading, analyzing ...

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All JobsUnderwriter JobsSenior Underwriter JobsSenior Underwriter Jobs in Rio Rancho, NM

Senior Underwriter information

See Rio Rancho, NM salary details

$34.8K

$100.3K

$125.6K

How much do senior underwriter jobs pay per year?

As of Aug 11, 2026, the average yearly pay for senior underwriter in Rio Rancho, NM is $100,270.00, according to ZipRecruiter salary data. Most workers in this role earn between $92,600.00 and $109,600.00 per year, depending on experience, location, and employer.

What does a senior underwriter do?

A Senior Underwriter is responsible for assessing and evaluating the risks involved in insuring individuals or assets and determining appropriate terms and premiums for insurance policies. They analyze complex applications, review financial statements, and use industry guidelines to make informed decisions. Senior Underwriters often handle higher-value or more complicated cases than junior staff, and they may also mentor less experienced underwriters and help develop underwriting policies. Their expertise helps insurance companies manage risk and maintain profitability.

How much do senior underwriters make in the US?

Senior underwriters in the US typically earn between $80,000 and $130,000 annually, depending on experience, industry, and location. They often require strong analytical skills and industry certifications such as CPCU or ARM to advance in their careers.

What are some common challenges senior underwriters face when assessing complex risk profiles?

Senior Underwriters often encounter challenges when evaluating complex risk profiles, such as insufficient or ambiguous client data, rapidly changing market conditions, and evolving regulatory requirements. Balancing the need to be competitive with maintaining sound risk management practices requires in-depth analysis and strong judgment. Collaboration with actuaries, legal teams, and client managers is frequently necessary to make well-informed decisions, and effective communication skills are key to explaining underwriting decisions to stakeholders.

What is the difference between Senior Underwriter vs Underwriter?

AspectSenior UnderwriterUnderwriter
CredentialsTypically requires 5+ years of experience, relevant certifications (e.g., CPCU, ARM)Entry to mid-level experience, often with similar certifications or on-the-job training
Work EnvironmentSenior-level decision-making, mentorship, complex risk assessmentPerforming standard risk evaluations, supporting senior staff
Industry UsageUsed across insurance sectors like property, casualty, healthCommonly used in same sectors, often as entry or mid-level roles

Senior Underwriters typically have more experience, handle complex cases, and mentor junior staff, whereas Underwriters focus on standard risk assessments and supporting senior team members. Both roles are essential in the insurance industry, with the senior position requiring advanced credentials and experience.

What does a senior underwriter do?

As a senior underwriter, your responsibilities are to oversee the insurance or loan application process at an insurance company or financial institution. Your duties include deciding when to offer a policy, assessing the risk of a potential customer, and ensuring the company has adequate funds to finance each claim an account makes (whether that is paying out insurance claims or extending a line of credit). Senior underwriters often consider whether it is appropriate to offer a loan, coordinate with a bank on complex customer issues, proactively search for ways to reduce the risk of future claims, and participate in strategy meetings with staff. A significant amount of underwriting is automated, so you typically focus on cases that are too complex to be evaluated by existing algorithms.

How much do senior underwriters earn?

Senior underwriters typically earn between $70,000 and $120,000 annually, depending on experience, industry, and location. They often require strong analytical skills and industry certifications, such as the Chartered Property Casualty Underwriter (CPCU).

Do senior underwriters make a lot of money?

Senior underwriters typically earn higher salaries than entry-level underwriters, with compensation varying based on industry, location, and experience. They often have specialized skills in risk assessment and may receive bonuses or incentives, making their overall earnings competitive within the insurance and finance sectors.
More about Senior Underwriter jobs
What are the most commonly searched types of Underwriter jobs in Rio Rancho, NM? The most popular types of Underwriter jobs in Rio Rancho, NM are:
What are popular job titles related to Senior Underwriter jobs in Rio Rancho, NM? For Senior Underwriter jobs in Rio Rancho, NM, the most frequently searched job titles are:
What cities near Rio Rancho, NM are hiring for Senior Underwriter jobs? Cities near Rio Rancho, NM with the most Senior Underwriter job openings:
Senior Underwriter jobs near you
Infographic showing various Senior Underwriter job openings in Rio Rancho, NM as of August 2026, with employment types broken down into 91% Full Time, 5% Part Time, and 4% Contract. Highlights an 75% Physical, 8% Hybrid, and 17% Remote job distribution, with an average salary of $100,270 per year, or $48.2 per hour.

Senior Underwriter - Health Plan - Remote

Prime Therapeutics LLC

Albuquerque, NM • On-site, Remote

$81K - $138K/yr

Full-time

Re-posted 11 days ago

Prime Therapeutics rating

7.9

Company rating: 7.9 out of 10

Based on 48 frontline employees who took The Breakroom Quiz

17th of 112 rated pharmacies

Job description

At Prime Therapeutics (Prime), we are a different kind of PBM, with a purpose beyond profits and a unique ability to connect care for those we serve. Looking for a purpose-driven career? Come build the future of pharmacy with us.
Job Posting Title
Senior Underwriter - Health Plan - RemoteJob Description
The Senior Underwriter is responsible for achieving profit, growth, service and expense objectives through the financial analysis and pricing of Prime's book of business. Under minimal supervision, the Senior Underwriter serves as an expert consultant on matters pertaining to underwriting, performance guarantees and other financial considerations. Provides underwriting services to determine pricing and monitors accounts to ensure they remain on a profitable basis. Maintains and applies knowledge of pricing strategies in the PBM industry. Maintains a positive working relationship with Sales, Marketing and Client Engagement and other key business owners within Prime.
Responsibilities
  • Evaluates the utilization and financial experience of customers and prospects, many of which are very complex
  • Performs claims re-pricing analyses for the most complex external claims data
  • Provides support to Sales, Marketing and Client Engagement, assisting in the development of client presentations and negotiations pertaining to pricing and guarantees
  • Consults with other departments such as Legal, IT, HPS and Marketing, and participates in meetings as required on issues that have financial implications
  • Other duties as assigned

Minimum Qualifications
  • Bachelor's degree in mathematics, accounting, or related area of study, or equivalent combination of education and/or relevant work experience; HS diploma or GED is required
  • 5 years of related work experience in Finance or Accounting
  • Must be eligible to work in the United States without need for work visa or residency sponsorship

Additional Qualifications
  • Prior work experience in the PBM and/or healthcare industry
  • In-depth knowledge of mathematical applications used in underwriting function is required, including the ability to calculate figures such as discounts, proportions and percentages, as well as the ability to apply basic concepts of business mathematics and algebra in underwriting problems
  • Ability to effectively present information and respond to questions in one-on-one or small group situations
  • Proficient in MS Office applications, particularly Excel, Word and PowerPoint

Preferred Qualifications
  • 2 years as a Senior Underwriter or Benefits Consultant
  • Proficient with Salesforce.com

Every employee must understand, comply with and attest to the security responsibilities and security controls unique to their job, and comply with all applicable legal, regulatory, and contractual requirements and internal policies and procedures
Every employee must be able to perform the essential functions of the job and, if requested, reasonable accommodations will be made to enable employees with disabilities to perform the essential functions, absent undue hardship. In addition, Prime retains the right to change or assign other duties to this job.
Potential pay for this position ranges from $81,000.00 - $138,000.00 based on experience and skills.
To review our Benefits, Incentives and Additional Compensation, visit our Benefits Page and click on the "Benefits at a glance" button for more detail (https://www.primetherapeutics.com/benefits).
Prime Therapeutics LLC is proud to be an equal opportunity and affirmative action employer. We encourage diverse candidates to apply, and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sex (including pregnancy), national origin, disability, age, veteran status, or any other legally protected class under federal, state, or local law.
We welcome people of different backgrounds, experiences, abilities, and perspectives including qualified applicants with arrest and conviction records and any qualified applicants requiring reasonable accommodations in accordance with the law.
Prime Therapeutics LLC is a Tobacco-Free Workplace employer.
Positions will be posted for a minimum of five consecutive workdays.

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About Prime Therapeutics

Sourced by ZipRecruiter

Prime Therapeutics, located in Eagan, MN, is a pharmacy benefits management company that has been serving the healthcare industry since its foundation. They are an integral participant in the medical sector, specifically in the realm of health insurance. They focus on providing innovative pharmacy benefits and services to more than 30 million members nationwide. Besides their main pharmacy benefit management, they offer mail service pharmacy, specialty pharmacy, benefits management, and consultative engagement services to ensure individuals have continuous access to affordable prescription drugs. Prime Therapeutics, founded around three decades ago, has grown to stand out as a leader in its industry, thanks to its commitment to improving the health of its clients.

Industry

Insurance services

Company size

1,001 - 5,000 Employees

Headquarters location

Eagan, MN, US

Year founded

1987

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