Municipal Bonds Underwriter Salary in Wilmington, Massachusetts

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Average Salary for Municipal Bonds Underwriter in Wilmington, Massachusetts

The average salary of a(n) Municipal Bonds Underwriter in Wilmington, Massachusetts is $81,087.

The average hourly rate of a(n) Municipal Bonds Underwriter in Wilmington, Massachusetts is $38.98.

The average bonus of a(n) Municipal Bonds Underwriter in Wilmington, Massachusetts is $3,122.00.

Job Description:

Examines individual municipal bonds applications, evaluates degree of risk involved, and accepts applications, following company's underwriting policies. Checks documents and financial reports to determine degree of risk of applicant's financial standing and value and condition of real property. Audits records to ascertain amount of insurance in force on single risk or group of closely related risks, and ascertains possibility of losses due to catastrophe or excessive insurance. Declines risks that are too excessive to obligate company. Dictates correspondence for field representatives and other insurance or inspection companies to obtain further information, quote rates, or explain company's underwriting policies. When risk is excessive, authorizes reinsurance, or when risk is substandard, limits company's obligation by decreasing value of policy, specifying applicable endorsements, or applying rating to ensure safe and profitable distribution of risks, using rate books, tables, code books, and other reference material. Less

Examines individual municipal bonds applications, evaluates degree of risk involved, and accepts applications, following company's underwriting policies. Checks documents and financial reports to determine degree of risk of applicant's financial standing and value and condition of real property. Audits records... More

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