Underwriter, Financial Institutions

Westfield Insurance•New York, NY

5d•$85 - $95•Onsite

About The Position

We are seeking an experienced Underwriter to join our Financial Institutions team based in our New York, NY office. The Financial Institutions Underwriter is responsible for pursing new business opportunities, servicing renewals, and working to provide solutions to our key broker partners while upholding a high standard of underwriting care. This position will work with retail brokers across the United States with a focus on the Eastern region and will have the opportunity to build a profitable portfolio of primary and excess placements comprised of Private Equity Funds, Hedge Funds, Venture Capital Funds, Banks, Insurance Companies, REITs, Specialty Finance Companies, Exchanges, other risks within the financial institution ecosystem. 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

Requirements

1-3 years of high-level Financial Lines or D&O underwriting experience, Financial Institutions experience highly preferred
Strong technical knowledge of Financial Lines from an Underwriting background to develop/maintain market knowledge
Bachelors degree, strong preference for degree with a field related major/concentration
Training and development of staff
Excellent organizational and communication skills, and ability to multi-task
Ability to work independently in a fast-paced, high pressure environment
Willingness to travel
Must be able to think originally, be willing to challenge ideas and be receptive to having their own ideas challenged
Strong analytical, organizational, and time management skills.
Must be a team player that enjoys a flexible and spontaneous business environment.
Ability to be onsite in office 4 days a week
NYC Candidates Only: the salary range for this role is 85-95k. This role is also eligible for discretionary incentive pay.

Responsibilities

Support the expansion of the Financial Institutions Portfolio in line the team's underwriting strategy
Develop a strong understanding of the underwriting strategy for assigned territory
Develop skills required to manage business areas, including underwriting & pricing, claims, and broker and client relationships
Participate in the underwriting peer review process at underwriting meetings, as required.
Underwrite in compliance with the Company's underwriting standards.
Ownership of broker/agency relationships including delivering high level expectations.
Leads and/or participates in agency analysis and planning.
Develops and executes an effective agency strategy to grow the business.
Developing action plans to grow with supportive brokers including proprietary form review.
Business travel as required
Gathers pertinent competitive information to assist in product development recommendations.