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Underwriter Manager Jobs in Reston, VA (NOW HIRING)

AIG

Senior Underwriter, Political Risk

Washington, DC

$111K - $131K/yr

Underwriting and managing an existing book of Political Risk Insurance and developing and underwriting a pipeline of new business opportunities across the country. * Collaborating with peers in other ...

Bank of America

Senior Credit Underwriter

Mclean, VA · On-site

$89K - $187K/yr

Manages a portfolio of clients supporting underwriting and/or monitoring requirements with limited to moderate complexity * Independently works with Relationship Management, and Risk teammates to ...

Manulife

Senior Underwriting Consultant

Washington, DC · On-site +1

$111K - $131K/yr

In addition to those performed by Underwriter Consultants - identify and provide solutions to work related problems and issues (i.e. Work flow, systems). * Negotiate and manage time and resources to ...

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Underwriter Manager information

See Reston, VA salary details

$49.9K

$107.2K

$164.9K

How much do underwriter manager jobs pay per year?

As of Aug 21, 2026, the average yearly pay for underwriter manager in Reston, VA is $107,242.00, according to ZipRecruiter salary data. Most workers in this role earn between $80,100.00 and $125,900.00 per year, depending on experience, location, and employer.

What does an underwriter manager do?

An Underwriter Manager oversees a team of underwriters who evaluate and assess the risk of insuring clients or approving loans. They are responsible for ensuring that underwriting guidelines and compliance standards are met, reviewing complex cases, and making final decisions on high-value or high-risk applications. Additionally, they train and mentor staff, implement process improvements, and collaborate with other departments to optimize risk management strategies. Their role is vital in maintaining profitability and minimizing losses for the organization.

What are the key skills and qualifications needed to thrive as an underwriter manager?

To thrive as an Underwriter Manager, you need a strong background in risk assessment, underwriting policies, and financial analysis, typically supported by a bachelor's degree in finance, business, or a related field. Expertise with underwriting software, risk management platforms, and familiarity with industry certifications such as CPCU or ARM are commonly expected. Leadership, decision-making, and effective communication skills set top performers apart by enabling them to guide teams and negotiate with stakeholders. These skills ensure sound risk evaluation, regulatory compliance, and efficient team management, which are critical for organizational profitability and growth.

What are some common challenges faced by underwriter managers when overseeing a team of underwriters?

Underwriter Managers often face challenges such as balancing workload distribution among team members, ensuring consistent application of underwriting guidelines, and keeping up with regulatory changes. They must also mentor junior underwriters, handle escalated cases, and foster collaboration between underwriting, sales, and compliance departments. Effective communication and adaptability are key, as Underwriter Managers need to support team development while meeting organizational targets and maintaining risk standards.

What is the difference between Underwriter Manager vs Underwriter?

AspectUnderwriter ManagerUnderwriter
ResponsibilitiesOversees underwriting teams, develops policies, manages risk assessment strategiesPerforms individual risk assessments, approves or rejects insurance applications
CredentialsTypically requires a relevant insurance or finance certification, experience in underwritingRequires similar certifications, often with less managerial experience
Work EnvironmentManagement meetings, team supervision, strategic planningAnalyzing applications, assessing risks, making underwriting decisions
Industry UsageCommon in insurance companies, financial institutionsWidespread across insurance, reinsurance, and financial sectors

The main difference between an Underwriter Manager and an Underwriter is that the manager oversees the underwriting team and strategic processes, while the underwriter focuses on individual risk assessment and decision-making. Both roles require similar credentials, but the manager has additional leadership responsibilities.

How much does an underwriting manager earn?

An underwriting manager typically earns between $80,000 and $150,000 annually, depending on experience, location, and the size of the organization. They often oversee underwriting teams, review risk assessments, and require strong analytical and leadership skills.

Is an underwriting manager a good job?

An underwriting manager oversees the evaluation and approval of insurance applications, managing a team of underwriters and ensuring risk assessment accuracy. The role typically offers strong job stability, competitive salaries, and opportunities for advancement, especially with relevant certifications and experience in the insurance industry.

What are the most commonly searched types of Underwriter jobs in Reston, VA?

The most popular types of Underwriter jobs in Reston, VA are:

What cities near Reston, VA are hiring for Underwriter Manager jobs?

Cities near Reston, VA with the most Underwriter Manager job openings:

Underwriter Manager jobs near you
Infographic showing various Underwriter Manager job openings in Reston, VA as of August 2026, with employment types broken down into 87% Full Time, 11% Part Time, and 2% Contract. Highlights an 83% Physical, 2% Hybrid, and 15% Remote job distribution, with an average salary of $107,242 per year, or $51.6 per hour.

Multifamily Underwriting Professional - Affordable Housing

Freddie Mac

Mclean, VA • On-site

$108K - $160K/yr

Full-time

Posted 24 days ago

Freddie Mac rating

9.2

Company rating: 9.2 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

Job description

At Freddie Mac, our mission of Making Home Possible is what motivates us, and it's at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Continue your career journey where your work contributes to a greater purpose.

Position Overview:

If you are a hard-working, motivated and intellectually driven professional with a passion for commercial real estate (CRE) and finance, Freddie Mac Multifamily is the employer for you! The nation's greatest and most innovative secondary market Multifamily mortgage lender and issuer of securitized fixed-income with an annual platform exceeding $80 billion is looking to add a Multifamily Underwriting Professional to the Targeted Affordable Housing team.

At Freddie Mac, you will do important work to build a better housing finance system, and you'll be part of a team helping to make homeownership and rental housing more accessible and affordable across the nation.

Our Impact:

  • Our teamis responsible forunderwriting Targeted Affordable Housing (TAH) loans originated coast to coast by our network of Optigo Lenders

  • We are innovators in the industry by evaluating the story and making decisions based on the credit risk profile and finding creative ways to mitigate risks

Your Impact:

  • You will build toward credit approval and closing individual mortgage loans collateralized by multifamily properties

  • Accurately review and ensure concise, complete, and clear Investment Briefs and ensureaccuratedata quality for loan securitization

  • Analyze and conclude on unique affordable housing pro forma property financial statement considerations, resolve transactional issues that escalate in third party report, work with Producers to structure deals, review borrower financial position, market analysis, property inspections, present deals for approval as needed

  • Develop resolutions to problems of limited scope following specific and detailed procedures

Qualifications:

  • 2 - 4 years of related professional experience, preferably in multifamily or commercial real estate finance

  • Bachelor's degree in Real Estate, Finance, Economics, Business Administration, or related field

  • Demonstrated proficiency with Microsoft Excel and Word

  • Strong written and verbal communication skills

Keys to Success in this Role:

  • Ability to manage 2 transactions independently at a given time and drive to 90% to 100% completion

  • Has a good knowledge of credit policy, procedures and systems

  • Demonstrates ability to lead Optigo Lender calls

  • Tackle and effectively complete additional tasks and assignments at the request of Senior Underwriters and above

  • Experience underwriting 80% of TAH products

  • Ability to underwrite and assist on other Specialty Products

  • Raises issues in a timely fashion and makes recommendations on how to resolve issues rather than waiting on what to be told to do

  • Consensus among Underwriting Managers and Senior Underwriters that underwriter has the capacity to effectively operate at the Professional level

  • Work product exhibits minimal errors

We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.

This position has an annualized market-based salary range of $108,000 - $160,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.Employment Type: FULL_TIME

What Freddie Mac employees say

Pay

Hours and flexibility

Workplace

Get the full story on Breakroom

Freddie Mac logo

About Freddie Mac

Sourced by ZipRecruiter

Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others.

Industry

Finance and insurance

Company size

5,001 - 10,000 Employees

Headquarters location

McLean, VA, US

Year founded

1970

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