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Construction Underwriter Jobs (NOW HIRING)

CrossCountry Mortgage

Construction Underwriter

The Construction Underwriter is responsible for providing consistent, accurate, and quality loan decisions in accordance with CrossCountry Mortgage, LLC, and secondary market investor standards. This ...

QuoteWell

Construction Underwriter (Programs)

We are hiring a Construction Underwriter, with deep experience in project excess liability and contractors-related construction risks, to help support and scale our growing programs business. This ...

Tmhcc

Senior Construction Underwriter

Westerville, OH · On-site +1

$94K - $112K/yr

Ohio (Will consider candidates in other states) Tokio Marine HCC, a global power in the specialty insurance industry, is seeking a Senior Construction Underwriter that has a passion for organization ...

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Construction Underwriter information

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$32.5K

$78.9K

$139.5K

How much do construction underwriter jobs pay per year?

As of Aug 5, 2026, the average yearly pay for construction underwriter in the United States is $78,878.00, according to ZipRecruiter salary data. Most workers in this role earn between $61,000.00 and $87,000.00 per year, depending on experience, location, and employer.

What are some common challenges faced by construction underwriters, and how can they be managed effectively?

Construction Underwriters often encounter challenges such as accurately assessing complex project risks, keeping up with evolving building codes, and navigating fluctuating market conditions. Managing these effectively involves staying current with industry trends, leveraging advanced risk assessment tools, and maintaining close communication with clients, brokers, and risk engineering teams. Proactive collaboration and ongoing professional development can help underwriters make informed decisions and build strong portfolios while minimizing losses.

What are the key skills and qualifications needed to thrive as a construction underwriter, and why are they important?

To thrive as a Construction Underwriter, you need strong analytical skills, knowledge of construction risks, and a background in finance or insurance, often supported by a relevant degree or professional designation (such as CPCU). Familiarity with underwriting software, risk assessment tools, and industry databases is typically required. Excellent attention to detail, negotiation skills, and effective communication help build strong relationships with clients and brokers. These skills ensure accurate risk evaluation, profitable decision-making, and successful management of complex construction insurance portfolios.

What is a construction underwriter?

Construction underwriters are insurance professionals who assess and evaluate risks associated with construction projects to determine whether to provide insurance coverage and at what terms. They review project plans, financial information, safety records, and regulatory compliance to set premiums and policy conditions. Their goal is to ensure that both the insurer and the client are protected from potential financial losses due to construction-related risks, such as accidents, property damage, or project delays. Construction underwriters often work closely with brokers, contractors, and risk managers throughout the project lifecycle.

Do construction underwriters earn good money?

Construction underwriters typically earn a competitive salary that varies based on experience, location, and employer size. They often receive benefits such as health insurance and retirement plans, and the role requires strong analytical skills and knowledge of construction and insurance policies. Overall, it is considered a well-paying profession within the insurance industry.

Is construction underwriting a stressful job?

Construction underwriting can be stressful due to the need to assess complex risk factors, meet strict deadlines, and ensure accurate policy evaluations. The role often requires attention to detail, strong analytical skills, and the ability to handle high-pressure situations, especially during busy project periods or when managing large or high-risk projects.
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Construction Underwriter jobs near you
Infographic showing various Construction Underwriter job openings in the United States as of July 2026, with employment types broken down into 89% Full Time, 8% Part Time, 1% Temporary, and 2% Contract. Highlights an 90% Physical, 2% Hybrid, and 8% Remote job distribution, with an average salary of $78,878 per year, or $37.9 per hour.

Construction Underwriter

Ascent Developer Solutions

Boston, MA

$85K - $100K/yr

Other

Posted 12 days ago

Job description

The Role. 

The Construction Underwriter plays a pivotal role in Ascent's success with high-value residential construction projects (SFR & MFR), utilizing their expertise to evaluate construction loan applications with precision and care. By analyzing financial data, project plans, and conducting detailed risk assessments, they ensure sound decisions that meet company standards and borrower needs. Their insights foster trust and reliability in construction lending operations, while their ability to collaborate with diverse stakeholders and deep knowledge of construction projects drives Ascent's operational excellence. 

The Work. 

  • Assess project feasibility, risk factors, and the borrowers' creditworthiness, applying Company underwriting guidelines to recommend an appropriate level of loan approval. 
  • Prepare comprehensive underwriting documentation, including risk assessments, loan conditions, and recommendations for loan approval or denial. 
  • Conduct site visits as necessary to assess project progress and ensure compliance with loan conditions. 
  • Contribute to decision-making for projects ranging in value from $3 million to $20 million, ensuring they meet stringent financial, regulatory, and investment criteria. 
  • Provide strategic insights that drive the company's growth and enhance its competitiveness in the market, ensuring cost-effectiveness and operational excellence. Stay informed about market trends, construction costs, and regulatory changes affecting the construction and banking industries. 
  • Translate complex project data into actionable financial insights to guide investment decisions and prioritize projects effectively. 
  • Consult with Loan Officers to package appropriate solutions to meet the needs of the borrower while ensuring profitable outcomes for Ascent. 
  • Work closely with relationship managers, borrowers, regulatory bodies, and internal and external partners to gather necessary information and address any concerns or questions. 
  • Monitor the performance of the construction loan portfolio, identifying and addressing any emerging risks or issues. 
  • Provide regular reports and updates to senior management on the status of construction loans and the overall health of the construction loan portfolio. 
  • Develop sophisticated financial models and conduct detailed risk analysis to support the evaluation, planning, and expansion of large-scale projects. 
  • Review portfolio reporting mechanisms to improve decision-making and accountability in asset performance. 
  • Advocate and support the integration of innovative digital solutions that optimize business processes and workflows, system functionality, and user experience. 
  • Demonstrate high ethical standards and professionalism when handling significant financial transactions and sensitive information. 
  • Ability to visit job sites to perform construction progress inspections, as needed.  
  • Ability to visit prospective sponsors for on-site meetings and meet with sponsors in person, as needed. 

 Your Knowledge & Experience. 

  • BA/BS in construction management, finance, business, real estate, or a related field, or equivalent practical experience in construction management, financial analysis and project financing 
  • 3+ years of underwriting or risk assessment experience in construction lending within the banking industry 
  • Advanced knowledge of financial modeling techniques, and tools like Excel and financial software platforms 
  • Experience communicating and collaborating with internal and external stakeholders 
  • Proficiency in relevant software such as construction management software (e.g., TrustPoint, Procore), and general office software (e.g., Microsoft Office Suite). 
  • Strong analytical and decision-making abilities 
  • Experience successfully multi-tasking and prioritizing work 
  • Experience consistently meeting deadlines in a fast-paced environment 

 The Pay. 

  • Salary Range: $85,000 - $100,000 per year 
  • Bonus: 20% per year 

 The Work Environment. 

  • This role is on-site from Ascent's Boston office, Monday - Thursday (Fridays are work-from-home). 

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