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Property Underwriter Jobs in Virginia (NOW HIRING)

Fanniemae

Multifamily Underwriter - Advisor

Reston, VA · On-site

Comprehensive knowledge of multifamily commercial mortgage underwriting including property financial analysis, borrower credit, and market analysis * Demonstrated experience in evaluating risks and ...

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Property Underwriter information

See Virginia salary details

$63.9K

$106.5K

$171K

How much do property underwriter jobs pay per year?

As of Sep 6, 2026, the average yearly pay for property underwriter in Virginia is $106,542.00, according to ZipRecruiter salary data. Most workers in this role earn between $69,900.00 and $164,600.00 per year, depending on experience, location, and employer.

What is a property underwriter?

A property underwriter is responsible for determining the insurance premium funds and coverage amounts needed for property such as real estate, vehicles, and boats. Your main job duties as a property underwriter include screening applicants and examining the risk associated with a property based on factors such as borrower claims history, loan amounts, and environmental circumstances. The career typically requires a bachelor’s degree in business, finance, or a related field and strong analytical skills. You may also pursue professional certification from insurance organizations to demonstrate your expertise and gain a competitive advantage with employers.

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

To thrive as a Property Underwriter, you need strong analytical skills, attention to detail, and a background in finance, insurance, or risk management—often supported by a relevant degree or professional certification (such as CPCU). Familiarity with underwriting software, risk assessment tools, and industry databases is typically required. Excellent communication, negotiation, and decision-making abilities help you stand out in evaluating risks and collaborating with clients and brokers. These skills are crucial for accurately assessing property risks, making sound underwriting decisions, and maintaining profitable insurance portfolios.

What are some common challenges faced by property underwriters in evaluating complex commercial properties?

Property underwriters often encounter challenges when assessing complex commercial properties due to factors like unique building features, diverse occupancy types, and varying local regulations. Accurately determining replacement costs and understanding specialized risks—such as environmental hazards or historical building concerns—require thorough research and strong analytical skills. Collaborating closely with risk engineers, brokers, and claims professionals is essential to gather all necessary information and ensure comprehensive risk assessment. Staying updated on market trends and regulatory changes also helps underwriters make informed decisions and provide competitive, accurate quotes.

Do property underwriters make a lot of money?

Property underwriters typically earn a median annual salary that varies by experience and location, with entry-level positions starting around $50,000 and experienced underwriters earning over $80,000. Salaries can increase with industry certifications and advanced skills in risk assessment and underwriting software.

Is property underwriting a stressful job?

Property underwriting can be stressful due to the need for accuracy, risk assessment, and meeting deadlines. Underwriters often work with complex data and must make critical decisions, which can contribute to job pressure, especially during high workload periods or when dealing with difficult cases.

What qualifications do you need to be a property underwriter?

To become a property underwriter, candidates typically need a bachelor's degree in fields such as finance, business, or risk management. Relevant skills include strong analytical abilities, attention to detail, and knowledge of insurance policies and underwriting software. Professional certifications like the Chartered Property Casualty Underwriter (CPCU) can enhance job prospects.
More about Property Underwriter jobs

What are the most commonly searched types of Property Underwriter jobs in Virginia?

The most popular types of Property Underwriter jobs in Virginia are:

What are popular job titles related to Property Underwriter jobs in Virginia?

For Property Underwriter jobs in Virginia, the most frequently searched job titles are:

What job categories do people searching Property Underwriter jobs in Virginia look for?

The top searched job categories for Property Underwriter jobs in Virginia are:

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Property Underwriter jobs near you
Infographic showing various Property Underwriter job openings in Virginia as of August 2026, with employment types broken down into 100% Full Time. Highlights an 86% In-person, and 14% Remote job distribution, with an average salary of $106,542 per year, or $51.2 per hour.

Underwriting Director/Senior Director: Property - Northeast

Markel International

Richmond, VA • Hybrid

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 10 days ago

Key responsibilities

  • Lead and implement the strategic development and execution of organizational goals and objectives related to underwriting.

  • Underwrite new and renewal property business within delegated authority, guiding risk selection and pricing.

  • Manage and lead property underwriting teams, providing coaching, development, and performance oversight.

Job description

What part will you play? If you're looking for a place where you can make a meaningful difference, you've found it.

The work we do at Markel gives people the confidence to move forward and seize opportunities, and you'll find your fit amongst our global community of optimists and problem-solvers. We're always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs. Join us and play your part in something special! The primary purpose of this position is to lead and implement the strategic development and execution of organizational goals and objectives. Exhibit extensive knowledge of the insurance industry and business operations across all product lines with proven success with new product and new business development. Provide leadership, direction and support to underwriting teams and/or direct reports. Is responsible for underwriting, profitability, growth and retention of new and renewal business that is consistent with underwriting strategies. Manage territorial underwriting functions to achieve profit, revenue, loss ratio, and expense targets. Ensure effective execution of Best Practices. In conjunction with the Regional President and PLL Leadership delegate underwriting authority to staff via letters of authority; monitor and revise as appropriate. Ensure a quality underwriting work product is produced consistent with letters of authority, underwriting strategy, standards and process. Provide coaching and training for underwriting staff based on results of underwriting audit review. Works with the Dir, Operations to ensure that all processing and service standards are met. Communicate identified agency production, training or quality issues to Marketing. Develop and maintain relationships with internal resources (PLL, Claim, Premium Audit etc.) to coordinate the services to customers. Demonstrates the ability to build partnerships with other business groups and identifies and delivers agency and product solutions. Maintains an understanding of all Markel products, services and solutions and initiates discussions with other business units as appropriate.Strategy
  • Develop and execute regional business, underwriting, and marketing strategies in coordination with Regional Product Lead and Product Line Leadership.
  • Manage underwriting activities to meet profit, premium, production, loss ratio, expense, growth, revenue, and retention objectives.
  • Drive practical change and innovation, adjusting priorities as business needs evolve.
Underwriting and Portfolio Management
  • Underwrite new and renewal primary and excess property business within delegated authority and established rules, rates, forms, guidelines, and philosophy.
  • Guide risk selection and pricing across small, middle market, and large property risks.
  • Review unusual or complex risks, identify needed research, consult leadership, and approve risks above an underwriter's authority when within this role's authority.
People Leadership
  • Lead property underwriters and underwriting support staff, balancing workloads and staffing needs.
  • Build a professional, accountable, collaborative team culture.
  • Coach and develop associates in underwriting, marketing, broker management, and relationship skills; provide career planning, feedback, training, and performance evaluation.
Quality, Operations, and Service
  • Monitor unit performance and underwriting quality through periodic audits.
  • Ensure work products align with letters of authority, strategy, standards, and processes and provide targeted coaching based on underwriter results.
Collaboration and Market Relationships
  • Build and maintain productive, significant relationships with wholesale brokers and other customers.
  • Manage underwriters to achieve required broker results.
  • Work with the Regional Product Lead to coordinate solutions with Actuarial, Product Leadership, Claims, Business Development, IT, and other workgroups.
Qualifications
  • Bachelor's degree preferred; CPCU designation preferred.
  • Approximately 15 years of property underwriting experience required, including significant expertise with all risk segment sizes, wholesale brokers, primary and excess deals, manuscript policies and reinsurance agreements, and CAT modeling.
  • Demonstrated experience managing and mentoring underwriters and support staff.
  • Strong technical judgment in risk selection, pricing, and property underwriting decisions.
  • Strong broker relationships along with customer service, communication, analytical, and time-management skills.
  • Proficiency with Microsoft Office, CAT modeling systems, and other underwriting systems. CoPilot experience or other AI systems experience is a plus.
  • Ability to manage multiple priorities in a flexible business environment and travel approximately 25% when appropriate.

#LI-AB

#LI-Hybrid

US Work Authorization

US Work Authorization required. Markel does not provide visa sponsorship for this position, now or in the future.

Pay information:

The salary range for the Director, Underwriter position is $152,600 - $318,00 and the Sr. Director, Underwriter is $177,100-$368,900. The posted salary range reflects the lowest and highest base salary applicable to this role across our U.S. locations. Individual offers are determined based on geographic location, experience, qualifications, internal equity, and other job-related factors. As a result, the salary offered for a specific location will fall within a narrower range than the overall range displayed in this posting. This position may also be eligible to participate in the Company's annual incentive plan.

Who we are:

Markel Group (NYSE - MKL) a fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory and investment operations around the world.

We're all about people | We win together | We strive for better

We enjoy the everyday | We think further

What's in it for you:

In keeping with the values of the Markel Style, we strive to support our employees in living their lives to the fullest at home and at work.

  • We offer competitive benefit programs that help meet our diverse and changing environment as well as support our employees' needs at all stages of life.

  • All full-time employees have the option to select from multiple health, dental and vision insurance plan options and optional life, disability, and AD&D insurance.

  • We also offer a 401(k) with employer match contributions, an Employee Stock Purchase Plan, PTO, corporate holidays and floating holidays, parental leave.

Are you ready to play your part?

Choose 'Apply Now' to fill out our short application, so that we can find out more about you.

Caution: Employment scams

Markel is aware of employment-related scams where scammers will impersonate recruiters by sending fake job offers to those actively seeking employment in order to steal personal information. Frequently, the scammer will reach out to individuals who have posted their resume online. These "job offers" include convincing offer letters and frequently ask for confidential personal information. Therefore, for your safety, please note that:

  • All legitimate job postings with Markel will be posted on Markel Careers. No other URL should be trusted for job postings.

  • All legitimate communications with Markel recruiters will come from Markel.com email addresses.

We would also ask that you please report any job employment scams related to Markel to rarecruiting@markel.com.

Markel is an equal opportunity employer. We do not discriminate or allow discrimination on the basis of any protected characteristic. This includes race; color; sex; religion; creed; national origin or place of birth; ancestry; age; disability; affectional or sexual orientation; gender expression or identity; genetic information, sickle cell trait, or atypical hereditary cellular or blood trait; refusal to submit to genetic tests or make genetic test results available; medical condition; citizenship status; pregnancy, childbirth, or related medical conditions; marital status, civil union status, domestic partnership status, familial status, or family responsibilities; military or veteran status, including unfavorable discharge from military service; personal appearance, height, or weight; matriculation or political affiliation; expunged juvenile records; arrest and court records where prohibited by applicable law; status as a victim of domestic or sexual violence; public assistance status; order of protection status; status as a smoker or nonsmoker; membership or activity in local commissions; the use or nonuse of lawful products off employer premises during non-work hours; declining to attend meetings or participate in communications about religious or political matters; or any other classification protected by applicable law.

Should you require any accommodation through the application process, please send an e-mail to therarecruiting@markel.com.

No agencies please.

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