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Underwriting Assistant Jobs in Rio Rancho, NM (NOW HIRING)

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How much do underwriting assistant jobs pay per hour?

As of Jul 21, 2026, the average hourly pay for underwriting assistant in Rio Rancho, NM is $21.40, according to ZipRecruiter salary data. Most workers in this role earn between $17.64 and $24.18 per hour, depending on experience, location, and employer.

What Is an Underwriting Assistant?

An underwriting assistant, or underwriting service assistant, helps a lead underwriter to process applications for mortgages, credit, or insurance. Whether you work in the banking or insurance industry, your primary responsibility is to support your company’s underwriters. This includes obtaining relevant documents and client information so that the underwriter can assess their eligibility, and maintaining accurate records on all applicants and approval processes. Since you often work directly under a single underwriter, specific duties vary depending on your supervisors working style. You need an associate degree in finance or economics for a career as an underwriting assistant, but most employers prefer candidates to hold a bachelor’s degree. Organizational and administrative skills are crucial for this field.

What does an underwriting assistant do?

An underwriting assistant supports the underwriting process by reviewing applications, collecting and verifying documentation, and preparing files for underwriters. They often use specialized software and need strong organizational skills to ensure accurate and efficient processing of insurance or loan applications.

What does an assistant underwriter do?

An assistant underwriter supports underwriters by reviewing applications, collecting and analyzing risk data, and preparing documentation. They often use specialized software and need strong attention to detail to help assess insurance or loan risks accurately. This role typically requires good communication skills and knowledge of underwriting guidelines.

How much does an assistant underwriter get paid?

An underwriting assistant typically earns between $40,000 and $55,000 annually, depending on experience, location, and the employer. Entry-level positions may start lower, while experienced assistants or those with specialized skills can earn higher salaries. Benefits often include health insurance and opportunities for professional development.

What are some typical challenges an Underwriting Assistant might face when supporting multiple underwriters, and how can they manage these effectively?

Underwriting Assistants often juggle supporting several underwriters simultaneously, which can present challenges in prioritizing tasks and managing tight deadlines. Effective communication and strong organizational skills are essential to stay on top of document processing, application reviews, and data entry. Leveraging technology, such as workflow management systems, and proactively clarifying priorities with underwriters can help maintain accuracy and efficiency. Building a collaborative relationship with both underwriters and other support staff also ensures smoother workflow and reduces bottlenecks.

What is the difference between Underwriting Assistant vs Insurance Underwriter?

AspectUnderwriting AssistantInsurance Underwriter
CredentialsHigh school diploma or equivalent; some roles may require insurance licenses or certificationsBachelor's degree in finance, business, or related field; professional certifications like CPCU are common
Work EnvironmentOffice setting, supporting underwriting teams, handling administrative tasksOffice environment, analyzing risk, making coverage decisions
Job ResponsibilitiesData entry, document review, assisting underwriters, preparing reportsAssessing risk, approving or denying insurance applications, setting premiums

While both roles are integral to the insurance industry, an Underwriting Assistant primarily provides administrative and support functions, whereas an Insurance Underwriter makes critical risk assessments and coverage decisions. The Underwriting Assistant supports the underwriting process, enabling underwriters to focus on evaluating risks and setting policies.

What are underwriting assistants?

Underwriting assistants are professionals who support underwriters in the insurance industry. They handle administrative tasks such as processing applications, gathering necessary documentation, reviewing policy details, and communicating with clients and brokers. By managing these responsibilities, underwriting assistants help ensure the underwriting process runs smoothly and efficiently. Their work allows underwriters to focus on assessing risks and making informed decisions about policy approvals. Underwriting assistants play a crucial role in maintaining accurate records and facilitating clear communication within the underwriting team.

How to get into underwriting with no experience?

To become an underwriting assistant with no experience, focus on developing strong attention to detail, basic knowledge of insurance or finance, and proficiency in computer skills. Entry-level roles often require a high school diploma or equivalent, and gaining relevant certifications or completing training programs can improve your chances of entry into the field.

What are the key skills and qualifications needed to thrive as an Underwriting Assistant, and why are they important?

To thrive as an Underwriting Assistant, you need strong organizational abilities, attention to detail, and a foundational understanding of insurance principles, usually supported by a high school diploma or some college coursework. Familiarity with underwriting software, document management systems, and proficiency in Microsoft Office are commonly required. Excellent communication, multitasking, and teamwork skills help you effectively support underwriters and coordinate with clients or brokers. These capabilities are vital for ensuring accurate, efficient processing of insurance applications and contributing to the overall success of the underwriting team.
What are the most commonly searched types of Underwriting jobs in Rio Rancho, NM? The most popular types of Underwriting jobs in Rio Rancho, NM are:
What are popular job titles related to Underwriting Assistant jobs in Rio Rancho, NM? For Underwriting Assistant jobs in Rio Rancho, NM, the most frequently searched job titles are:
What job categories do people searching Underwriting Assistant jobs in Rio Rancho, NM look for? The top searched job categories for Underwriting Assistant jobs in Rio Rancho, NM are:
What cities near Rio Rancho, NM are hiring for Underwriting Assistant jobs? Cities near Rio Rancho, NM with the most Underwriting Assistant job openings:
Infographic showing various Underwriting Assistant job openings in Rio Rancho, NM as of July 2026, with employment types broken down into 1% As Needed, 80% Full Time, 16% Part Time, 1% Temporary, and 2% Contract. Highlights an 98% Physical, 1% Hybrid, and 1% Remote job distribution, with an average salary of $44,513 per year, or $21.4 per hour.
Commercial Credit Analyst I

Commercial Credit Analyst I

State Employees Credit Union

Albuquerque, NM • On-site

$63K - $79K/yr

Full-time

Posted 15 days ago


State Employees' Credit Union (North Carolina) rating

8.2

Company rating: 8.2 out of 10

Based on 23 frontline employees who took The Breakroom Quiz


Job description

POSITION TITLE: Commercial Credit Analyst I
REPORTS TO: Commercial Portfolio Manager
SUPERVISES: N/A
JOB STATUS: Exempt
JOB GRADE 12: $63,525.80 - $79,060.80 Targeted Annual Salary
*This position works on-site. Remote work is not available at this time.
JOB SUMMARY:
This employee is responsible for assisting the Commercial Loan Department with the analyzing of financial information provided by businesses and/or individuals that are submitting a request for a Commercial/Business loan to determine the risk that the Credit Union would have with the loan. Prepare cash flow analysis of personal and business tax returns and financial statements. Prepare reports that are based upon the findings that will assist in the decision-making process. Assist in the documentation of the Commercial loan portfolio. Assist in the opening and maintenance of Commercial/Business deposit and loan accounts to ensure that all necessary documentation is obtained.
All employees of State Employees Credit Union are proactive, result driven, and fully committed to the Credit Union's mission and vision. They strive to achieve the highest standards of excellence and consistently exceed the expectations established by Credit Union Management.
Duties/Responsibilities:
  • Take a lead role in the analyses of commercial credit applications and related
  • Responsible for evaluating a borrower's capacity to pay, capital position, economic trends and forecasts in mitigating loan-risk, identifying special risk based on the unique needs of the borrower and the loan, and making recommendations through underwriting to effectively manage commercial credit risk for the
  • Compile, prepare, and present Credit Approval Presentations for loan
  • Interview Commercial & Business members for new accounts and loans.
  • Prepare cash flow analysis of personal and business tax returns and financial statements.
  • Prepare and submit Commercial & Business loan requests for
  • Maintain and review commercial loan maturity report.
  • Collect Commercial & Business loan financial documentation for annual reviews and possible renewals
  • Complete and update Commercial & Business loan
  • Review Commercial & Business loan call report provided by CFO for
  • Keeps abreast of local and national economic, financial, political and legislative events and climates which could have an impact on commercial lending
  • Ensure the Credit Union provides high quality services to its members in lending and related
  • Participates in any other activities deemed necessary to further support the lending functions of State Employees Credit
  • Ensures that all Credit Union policies and procedures are followed, comply with all applicable laws, regulations and have strong working knowledge of
  • Understand compliance issues & attends training as they relate to Commercial Credit Analyst, including, but not limited to Anti-Money Laundering, OFAC, Bank Secrecy Act; Reg P; Patriot Act.
  • Report all suspicious activity to the BSA Compliance Officer, and following policy/procedure as it pertains to the job
  • Performs other duties as assigned.
  • Job Related Travel - As required.
Required Skills/Abilities:
  • Strong interpersonal relationship/communication skills and attention to detail
  • Advanced knowledge in the review of commercial credit applications and borrower capacity to
  • Extensive experience with accounting, financial statements, cash flow, and borrower-risk analysis.
  • Ability to work independently with little supervision as well as in a team environment.
  • Strong analytical
  • Experienced in the appraisal and underwriting of commercial
  • Proficient with the Microsoft Office
Education/Experience:
  • Education or experience equivalent to a bachelor's degree in accounting, Finance, or related field, in addition to 1 to 3 plus years of relevant
General Requirements:
Must be capable to execute all terms and conditions set forth in the Employee Handbook, including but not limited to:
  • Works in a safety conscious manner which ensures that safe work practices are used in order not to pose a risk to self or others in the workplace.
  • Adheres to policy on Drug Free
  • Complies with company policies and procedures and local, state and federal
Physical Requirements:
  • Prolonged periods of sitting at a desk and working on a
  • Must be able to lift 15 pounds at times.
  • Must be able to access and navigate each department at the organization's

State Employees Credit Union offers a highly competitive benefits package
Applications must be received by Human Resources
State Employees Credit Union of New Mexico is an Equal Opportunity Employer
Equal Opportunity Employer, including disabled and veterans.

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