What are the responsibilities and job description for the Underwriter, Professional & Cyber Liability position at Westfield Specialty?
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 VP, Cyber Liability Northeast Regional Leader.
- 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
- 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
**For NYC Candidates Only: the salary range for this role is 95k to 135k. This role is also eligible for a discretionary incentive pay**
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.
Westfield Specialty is proud to be an Equal Employment Opportunity employer. We celebrate diversity and do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, veteran status, disability status, or any other applicable characteristics protected by law.
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Westfield celebrates diversity and is committed to inclusion. All qualified 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.
