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Underwriter Jobs in Virginia (NOW HIRING)

New Horizon Bank

Underwriter

Richmond, VA · On-site

$75K - $95K/yr

New Horizon Bank is looking for an Underwriter III to play a critical role in evaluating and approving loan applications and ensuring compliance with bank policies and regulatory requirements. Your ...

The Hartford

Captives Underwriter

Alexandria, VA · Hybrid

$124K - $199K/yr

Senior Executive Underwriter - UW07CCExecutive Underwriter - UW07CD We're determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies.

Berkley

Garage Underwriter

Glen Allen, VA · On-site

As a Garage Underwriter at Verus, you will independently manage a diverse portfolio of complex and high-risk garage accounts. With some managerial direction, you will utilize your expertise to make ...

Berkley

Garage Underwriter

Glen Allen, VA · On-site

Responsibilities As a Garage Underwriter at Verus, you will independently manage a diverse portfolio of complex and high-risk garage accounts. With some managerial direction, you will utilize your ...

Berkley

Garage Underwriter

Glen Allen, VA

Responsibilities As a Garage Underwriter at Verus, you will independently manage a diverse portfolio of complex and high-risk garage accounts. With some managerial direction, you will utilize your ...

Brookfield

Sr Underwriter

Richmond, VA · On-site

$7.5K - $110K/yr

The Senior Underwriter serves as a trusted resource to agents and internal partners, provides guidance on unusual or higherhazard accounts, and supports underwriting consistency through mentoring ...

Brookfield

Senior Underwriter

Richmond, VA · On-site

$97K - $115K/yr

The Senior Underwriter serves as a trusted resource to agents and internal partners, provides guidance on unusual or higherhazard accounts, and supports underwriting consistency through mentoring ...

Diedre Moire Corp.

Surety Underwriter

Ashburn, VA · On-site

$140K - $250K/yr

Underwriting Manager Commercial Surety - Ashburn, VA Surety Underwriter Underwriting Surety Insurance Contract Surety Bonds Construction Surety Commercial Insurance License & Permit bonds Bid ...

Atlantic Coast Mortgage

Underwriter

Fairfax, VA · On-site

$65K - $154K/yr

Underwrites FHA/VA and Conventional loan applications ensuring adherence to Company and investor credit quality standards * Maintain ACM mandated turn times for new reviews and conditions * Analyzes ...

Kinsale Insurance

Associate Underwriter

Richmond, VA

$65K - $80K/yr

Launch Your Career in Underwriting with a Top-Performing E&S Insurer Are you a recent college graduate or career changer ready to build a rewarding future in insurance? Join Kinsale Insurance, a ...

Kinsale Insurance

Associate Underwriter

Richmond, VA · On-site

$65K - $80K/yr

Launch Your Career in Underwriting with a Top-Performing E&S Insurer Are you a recent college graduate or career changer ready to build a rewarding future in insurance? Join Kinsale Insurance, a ...

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All JobsUnderwriter JobsUnderwriter Jobs in Virginia

Underwriter information

See Virginia salary details

$32.2K

$78.2K

$138.3K

How much do underwriter jobs pay per year?

As of Aug 9, 2026, the average yearly pay for underwriter in Virginia is $78,202.00, according to ZipRecruiter salary data. Most workers in this role earn between $60,500.00 and $86,300.00 per year, depending on experience, location, and employer.

Do you need a degree to be an underwriter?

A degree is not always required to become an underwriter, but many employers prefer candidates with a bachelor's degree in fields like finance, business, or economics. Relevant skills such as analytical ability, attention to detail, and knowledge of insurance or lending practices are also important, and professional certifications can enhance job prospects.

Is it hard to get into underwriting?

Getting into underwriting can be competitive, as it often requires relevant education such as a degree in finance, economics, or related fields, along with strong analytical skills. Entry-level positions may be accessible with internships or certifications like the Chartered Property Casualty Underwriter (CPCU), but advancing in the field typically requires experience and specialized knowledge.

What is the difference between Underwriter vs Actuary?

AspectUnderwriterActuary
Required CredentialsInsurance license, sometimes certifications like CPCUFellowship in SOA or CAS, actuarial exams
Work EnvironmentInsurance companies, underwriting departmentsConsulting firms, insurance companies, financial institutions
Industry UsageCommon in insurance, bankingPrimarily in insurance, pensions, finance
Job FocusAssessing risk for policy approvalAnalyzing statistical data to predict future risks

While both underwriters and actuaries work in the insurance industry assessing risk, underwriters focus on evaluating individual insurance applications and approving policies. Actuaries analyze large data sets to forecast future risks and set premium rates. Their roles complement each other but require different certifications and skill sets.

Do underwriters make a lot of money?

Underwriters typically earn a median annual salary that varies by industry and experience, with many earning between $60,000 and $100,000. Senior or specialized underwriters with certifications can earn higher salaries, especially in competitive markets or financial sectors. Compensation often includes benefits and opportunities for advancement based on skills and performance.

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

To thrive as an Underwriter, you need strong analytical skills, attention to detail, and a background in finance, business, or a related field, often supported by a bachelor's degree. Proficiency with underwriting software, risk assessment tools, and industry certifications such as CPCU or ARM is highly valued. Excellent decision-making, negotiation, and communication skills help underwriters effectively assess risk and interact with clients or agents. These skills are essential for accurately evaluating applications, minimizing financial risk, and supporting organizational profitability.

What does an underwriter do?

An underwriter evaluates the risk of insuring a person, property, or company and decides whether to provide insurance or a loan, and at what terms. They analyze applications, review financial and background information, and use statistical data to determine the likelihood of a loss. Underwriters play a key role in banking, insurance, and mortgage industries, ensuring that risks are carefully assessed to protect their organization from potential losses.

What are some common challenges faced by underwriters in balancing risk assessment and business goals?

Underwriters often face the challenge of thoroughly assessing risk while also supporting their company's business objectives, such as meeting production goals or maintaining client relationships. This requires a careful analysis of data, attention to detail, and effective communication with agents or brokers to clarify information and negotiate terms. Balancing these priorities can be demanding, but successful underwriters develop strong analytical skills and the ability to make judicious decisions under time constraints. Collaboration with other departments, such as claims and sales, is also key to ensuring both risk management and business targets are achieved.
More about Underwriter jobs
What are the most commonly searched types of Underwriter jobs in Virginia? The most popular types of Underwriter jobs in Virginia are:
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What job categories do people searching Underwriter jobs in Virginia look for? The top searched job categories for Underwriter jobs in Virginia are:
What cities in Virginia are hiring for Underwriter jobs? Cities in Virginia with the most Underwriter job openings:
What are popular job titles related to Underwriter jobs in VA? For Underwriter jobs in VA, the most frequently searched job titles are:
Underwriter jobs near you
Infographic showing various Underwriter job openings in Virginia as of August 2026, with employment types broken down into 87% Full Time, 9% Part Time, and 4% Contract. Highlights an 71% Physical, 9% Hybrid, and 20% Remote job distribution, with an average salary of $78,202 per year, or $37.6 per hour.

Underwriter

New Horizon Bank

Richmond, VA • On-site

$75K - $95K/yr

Full-time

Posted 24 days ago

Job description

Job Type
Full-time
Description
New Horizon is not just another bank; it is a dynamic, forward-thinking financial institution committed to redefining the banking relationship through our relentless pursuit of curiosity, boundless creativity, and unwavering dedication to innovation. Our team is comprised of passionate individuals who are constantly seeking new ways to enhance our services and create exceptional experiences for our customers. From developing innovative financial products to implementing cutting-edge technologies, we are committed to finding creative solutions that address the evolving needs of our clients in today's integrated and fast-paced world. Join us on our journey as we continue to explore new horizons, challenge conventions, and redefine the future of banking.
New Horizon Bank is looking for an Underwriter III to play a critical role in evaluating and approving loan applications and ensuring compliance with bank policies and regulatory requirements. Your expertise will help us manage risk effectively while providing "white glove" service to our clients.
You know you are the right candidate for this role if:
  • You love balancing risk mitigation with opportunity.
  • You can apply a creative approach to loan structuring - increasing the chances of closing the loan.
  • You possess exceptional judgement, strong strategic and critical thinking skills, and you like to solve problems collaboratively.
  • You are an action oriented, outcomes-driven leader.

What you'll spend your time doing:
Underwriting:
  • Underwrite commercial credit actions by reviewing financial statements, analyzing borrower risk ratings, and recommending appropriate loan structuring.
  • Collaborate with loan officers and other team members to gather additional information and clarify borrower details.
  • Ensure all parties are kept informed of underwriting progress and outcomes.
  • Communicate decisions and recommendations clearly and effectively to both internal and external stakeholders.
  • Provide guidance and support to teammates on underwriting procedures and information needs.
  • Prepare detailed reports and documentation to support underwriting decisions.

Analysis:
  • Source, compile, and interpret financial data to support the structuring and approval of loans.
  • Review industry information, key risks, mitigants, and collateral to form a comprehensive business overview of the borrower.
  • Utilize analysis results to underwrite commercial loans effectively.
  • Prepare credit analysis documentation and servicing information.

Risk Management:
  • Identify and evaluate risks associated with new and existing commercial credit requests and relationships through thorough review and analysis.
  • Collaborate with Bank associates and partners to address risk issues, communicate review schedules, and manage changes in the commercial portfolio.
  • Assist in coordinating review and renewal schedules for existing credits, supporting ongoing risk identification and management.
  • Ensure all underwriting decisions align with the bank's credit policies and procedures.

Business Support:
  • Identify cross-sales opportunities for new and existing relationships based on analytical activities.
  • Partner with associates and clients to determine needs and structure new requests, renewals, and modifications.
  • Maintain up-to-date knowledge of industry regulations, market trends, and best practices.

Requirements
  • Bachelor's degree in Finance, Business Administration, or a related field.
  • Excellent analytical, problem-solving, and decision-making skills.
  • Proficiency in underwriting software and Microsoft Office Suite.
  • Strong understanding of underwriting principles, credit analysis, and risk management.
  • Minimum of 7 years of underwriting experience, with a focus on commercial loans, minimum 10 years preferred.
  • Effective communication and interpersonal skills, with the ability to interact confidently with senior management and regulatory authorities.

Salary Description
75,000-95,000

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