Executive Underwriter, Cyber and E&O

Westfield Insurance; New York (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

Westfield Insurance in New York, NY is seeking an underwriter to manage a complex book of Cyber Liability, Technology, and E&O coverage. The role focuses on profitability targets, portfolio growth, and adherence to underwriting guidelines, while servicing existing and potential clients.

The candidate will work onsite in New York four days a week, travel as needed, collaborate with Actuarial and Claims teams, and meet with brokers to discuss production and service.

Qualifications

• 4-year college degree required.
• Minimum 3 years underwriting experience; Cyber and E&O experience strongly preferred.
• Solid Writing and Communication Skills.
• Excellent organizational skills, and ability to multi-task.
• Ability to work independently in a fast-paced environment.
• Willingness to travel.
• Onsite in office 4 days week, where applicable.

Responsibilities

• Growing and managing a portfolio of profitable Cyber Liability & Technology & Miscellaneous E&O coverage.
• Compliance with underwriting guidelines, systems, and procedures to align with all underwriting and administrative guidelines
• General underwriting functions including underwriting submission review, pricing analysis, setting of terms and conditions, and quote/binder/invoice authorizations
• Seek input from Actuarial Department to set process specific accounts when appropriate
• Liaise with Claims Department on any specific claims activity and overall market claims concerns, which could potentially affect profitability
• Marketing - attend client/broker meetings, lunches, dinners, and other social outings as applicable. Meet with key brokers regularly to discuss production, service and other topics relative to division operations
• Stay current with respect to major industry issues and developments
• Provide specific reports as needed by senior staff

Skills

Writing skills

Communication skills

Organizational skills

Independence in fast-paced env

Travel willingness

Education

4-year college degree

Job description

Underwriters are responsible for underwriting a complex book of business, employing the methods necessary to meet projected profitability, gross written premium, and expense goals, management and growth of the overall portfolio of business, implementing proper underwriting discipline/guidelines, marketing and servicing of existing and potential clients. This position is located in New York, NY and will report directly into Cyber Liability Northeastern Regional Leader.

RESPONSIBILITIES

• Growing and managing a portfolio of profitable business focused on providing Cyber Liability & Technology and Miscellaneous Errors & Omissions coverage.
• Compliance with underwriting guidelines, systems, and procedures to align with all underwriting and administrative guidelines
• General underwriting functions including underwriting submission review, pricing analysis, setting of terms and conditions, and quote/binder/invoice authorizations
• Seek input from Actuarial Department to set process specific accounts when appropriate
• Liaise with Claims Department on any specific claims activity and overall market claims concerns, which could potentially affect profitability
• Marketing - attend client/broker meetings, lunches, dinners, and other social outings as applicable. Meet with key brokers regularly to discuss production, service and other topics relative to division operations
• Stay current with respect to major industry issues and developments
• Provide specific reports as needed by senior staff

CANDIDATE SKILLS, EXPERIENCE

• 4-year college degree required
• Minimum 3 years underwriting experience; Cyber and E&O experience strongly preferred
• Solid Writing and Communication Skills
• Excellent organizational skills, and ability to multi-task
• Ability to work independently in a fast-paced environment
• Willingness to travel
• Must be able to think originally, be willing to challenge ideas and be receptive to constructive feedback
• Ability to be onsite in office 4 days week, where applicable

This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.

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