Executive Underwriter, Cyber and E&O

Westfield

$110K — $130K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

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 and be receptive to constructive feedback

Responsibilities

  • Grow and manage a profitable portfolio focused on Cyber Liability and E&O coverage
  • Ensure compliance with underwriting guidelines and administrative procedures
  • Conduct general underwriting functions including submission review and pricing analysis
  • Collaborate with the Actuarial Department for account-specific processes
  • Coordinate with the Claims Department on claims activity and profitability concerns
  • Engage in marketing activities by attending client and broker meetings
  • Stay updated on major industry issues and developments

Benefits

  • Opportunities for professional growth and development
  • Regular client interaction and networking opportunities
  • Collaborative work environment with cross-departmental engagement
  • Exposure to high-level industry issues and trends
  • Potential for competitive travel opportunities
Full 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. #wsp

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