How Much Does an Underwriter Manager Make in Virginia?

Updated April 01, 2025
As of April 01, 2025, the average annual pay of Underwriter Manager in Virginia is $135,251. While Salary.com is seeing that Underwriter Manager salary in VA can go up to $176,510 or down to $97,810, but most earn between $115,653 and $156,847. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, and your experience levels. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
25% $115,653 10% $97,810 90% $176,510 75% $156,847 $135,251 50%(Median)
Related Job Titles to Underwriter Manager
Underwriter I
$60,950
Virginia
Per Year
Underwriter II
$71,829
Virginia
Per Year
Underwriter III
$93,347
Virginia
Per Year
Underwriter IV
$107,905
Virginia
Per Year
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Similar Job Salaries to Underwriter Manager by Company

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Company average base salary in (usd) range
capitalone
Managing Underwriter & Portfolio Manager (FIG), Senior Director
$137,103/yr
$119,063
$155,143
RANGE: $119,063 - $155,143
Jones Networking
Mortgage Underwriter
$78,383/yr
$70,452
$86,314
RANGE: $70,452 - $86,314
$67,427/yr
$60,988
$73,865
RANGE: $60,988 - $73,865
memic
Production Underwriter
$74,300/yr
$67,293
$81,306
RANGE: $67,293 - $81,306
Liberty Mutual Insurance
Senior Underwriter
$101,700/yr
$92,122
$111,278
RANGE: $92,122 - $111,278
Berkadia
Senior Underwriter
$94,063/yr
$84,499
$103,626
RANGE: $84,499 - $103,626
PennyMac Financial Services, Inc.
UNDERWRITER MANAGER
$88,567/yr
$81,272
$95,863
RANGE: $81,272 - $95,863
Pennymac
UNDERWRITER MANAGER
$88,658/yr
$81,355
$95,961
RANGE: $81,355 - $95,961
James River Management Company
Associate Underwriter - Executive Underwriter - General Casualty
$78,577/yr
$71,530
$85,623
RANGE: $71,530 - $85,623

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Top 10 Highest Paying Cities For Underwriter Manager Jobs in Virginia

It is important to understand how location impacts your career prospects in the United States. There are some cities where an Underwriter Manager can find a job easily with a greater salary paid then achieve a higher standard of living. Below is the top cities list for Underwriter Manager job salaries in Virginia. Some cities can pay higher salaries for Underwriter Manager jobs, which can indicate that there is a large demand for Underwriter Manager positions in this city.
The following table shows top 10 cities where the Underwriter Manager salary is higher than other cities in Virginia. Arlington takes first place in this list, followed by Alexandria, Annandale. The Underwriter Manager salary is $148,709 in Arlington, which is higher than the national average. There are 5 cities' Underwriter Manager salary higher than national average in Virginia.
The average salary for an Underwriter Manager in Virginia is $135,251, but we found that the city with the highest salary for Underwriter Manager jobs is Arlington, VA, and it is higher than Alexandria. Underwriter Manager jobs in Arlington can have the opportunity to earn higher salaries than in other cities in Virginia.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Arlington $148,709 $12,392 $2,860 $71
Alexandria $148,709 $12,392 $2,860 $71
Annandale $148,709 $12,392 $2,860 $71
Reston $148,441 $12,370 $2,855 $71
Centreville $148,172 $12,348 $2,849 $71
Richmond $130,712 $10,893 $2,514 $63
Petersburg $130,309 $10,859 $2,506 $63
Virginia State University $130,309 $10,859 $2,506 $63
Virginia Beach $127,999 $10,667 $2,462 $62
Newport News $126,266 $10,522 $2,428 $61

What Does an Underwriter Manager Do?

Many underwriting managers begin as underwriters and achieve a record of accomplishments and successful performance of their duties before taking on management duties.
Updated December 05, 2021
– Underwriting manager Bill Berthiaume explores his career change from underwriter to manager, examining the leadership aspects of the role and providing insights.
Updated November 14, 2021
Underwriting managers are team leaders, directing the activities of associate-level underwriters while supporting risk management and financial due diligence activities.
Updated November 06, 2021

Frequently Asked Questions About an Underwriter Manager Salaries

What is the average of an Underwriter Manager in Virginia?

The Underwriter Manager salary range is from $115,653 to $156,847, and the average Underwriter Manager salary is $135,251/year in Virginia. The Underwriter Manager's salary will change in different locations.

Which location pays the highest Underwriter Manager salary in the United States?

The Underwriter Manager salary in San Jose, CA is $169,407 which is the highest in the US.

What kinds of reasons will influence the Underwriter Manager's salary?

Besides the location, employees' education degree, related skills, and work experience also will influence the salary. Try to improve your skills and experience to get a higher salary for the position of Underwriter Manager.

What is the growth rate of the Underwriter Manager's salary?

If you are thinking of becoming an Underwriter Manager or planning the next step in your career, find the detailed salary report of an Underwriter Manager.