Executive Underwriter, Cyber and E&O

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

Job summary

Westfield Specialty Insurance in New York, NY seeks an experienced Underwriter to manage a complex cyber liability and E&O portfolio, ensuring profitability and growth. You will align with guidelines, price accurately, and collaborate with actuarial and claims teams while engaging with clients and brokers.

The role requires a 4-year degree, 3+ years underwriting experience, strong writing skills, and willingness to travel. Onsite work four days a week and active market participation are expected.

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

Responsibilities

• Growing and managing a portfolio of profitable business focused on Cyber Liability & Tech and E&O coverage.
• Compliance with underwriting guidelines, systems, and procedures to align with all guidelines.
• General underwriting functions including submission review, pricing analysis, terms/conditions, and quote/binder/invoice authorizations.
• Seek input from Actuarial Department to set process-specific accounts when appropriate.
• Liaise with Claims Department on claims activity and market concerns affecting profitability.
• Marketing - meet with clients/brokers; attend meetings and events to discuss production and service.
• Stay current with major industry issues and developments.
• Provide specific reports as needed by senior staff.

Skills

Underwriting experience

Cyber/E&O knowledge

Writing and communication

Education

4-year college degree

Job description

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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Equal Opportunity Employer

United States: All applicants receive consideration for employment without regard to race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, or status as a protected veteran.

United Kingdom: Westfield is committed to equality of opportunity for all staff and applications from individuals are encouraged regardless of age, disability, sex, gender reassignment, sexual orientation, pregnancy and maternity, race, religion or belief and marriage and civil partnerships.