Executive Underwriter, Cyber and E&O

Socket.dev; New York (NY); On-site; USD 110,000 - 140,000; Full time

Job summary

Socket.dev in New York, NY, seeks an experienced Underwriter to manage a cyber liability portfolio and meet profitability and growth goals. The role reports to the Cyber Liability Northeastern Regional Leader and collaborates with actuarial, claims, and client teams.

Responsibilities include portfolio growth, guideline compliance, pricing analysis, and broker engagement. Three plus years of underwriting and cyber/E&O expertise, strong writing, and travel willingness are preferred.

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.
• Must be able to think originally, challenge ideas, and be receptive to feedback.
• Ability to be onsite in office 4 days a week, where applicable.

Responsibilities

• Growing and managing a portfolio of profitable business focused on Cyber Liability & Technology and Miscellaneous Errors & Omissions coverage.
• Compliance with underwriting guidelines, systems, and procedures.
• General underwriting functions including submission review, pricing analysis, terms/conditions setting, and quote/binder/invoice authorizations.
• Coordinate with Actuarial Department to set process-specific accounts.
• Liaise with Claims Department on claims activity and market concerns affecting profitability.
• Marketing – attend client/broker meetings and cultivate broker relationships.
• Stay current with major industry issues and developments.
• Provide specific reports as needed by senior staff.

Skills

Writing & communication

Organizational skills

Multi-tasking

Independence

Travel willingness

Critical thinking

Onsite work

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&amp&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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