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Open nowPosted 42 days ago

Senior Underwriter, Financial Institutions

Westfield64 open roles

Where
New York, NY, United States
Work mode
On site
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Your applicationOpen nowSenior Underwriter, Financial InstitutionsWestfield · New York, NY, United States

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The clock on this job

Early applications get read.

8.2% of postings close within 7 days. Measured by our own scanner across the market. Westfield postings stay open a median of 6 days.

Share of postings closed within
  1. 1.9%1 day
  2. 3.8%3 days
  3. 8.2%7 days
  4. 15.2%14 days
  5. 34.1%30 days
This job: posted 42 days ago

Westfield median: 6 days open

The posting

Job Description

OVERVIEW:

We are seeking an experienced production Underwriter to join our Financial Institutions Retail 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 New York, Mid-Atlantic, Southeast, and West Coast regions, 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 position offers an excellent opportunity to contribute to the continued growth of a dynamic and evolving Financial Institutions portfolio while building strong market relationships and underwriting expertise.

Role and Responsibilities:

  • Support the growth and profitability of the Financial Institutions portfolio in alignment with the team's underwriting strategy.
  • Develop and maintain a strong understanding of underwriting objectives, appetite, and strategy within the assigned territory.
  • Underwrite new and renewal business in accordance with company guidelines, authority levels, and underwriting standards.
  • Analyze risk exposures, pricing adequacy, and coverage structures to drive profitable underwriting decisions.
  • Build and maintain strong relationships with brokers and clients to support retention and new business development.
  • Participate in underwriting peer review discussions and underwriting committee meetings, as required.
  • Collaborate with internal business partners across underwriting, claims, actuarial, and product management functions.
  • Gather competitive intelligence and market insights to support product development and strategic initiatives.
  • Represent the company at industry events, broker meetings, and client engagements.
  • Travel as required to support business development and relationship management activities.

Desired Skills and Experience:

  • Minimum of 2 years of Financial Lines and/or D&O underwriting experience; Financial Institutions underwriting experience is strongly preferred.
  • Strong technical knowledge of Financial Lines products and underwriting practices with the ability to develop and maintain market expertise.
  • Bachelor's degree required, preference given to candidates with coursework or concentration in Finance, Business, Economics, Risk Management, Insurance, or a related field.
  • 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

NYC Based Candidates Only: Salary range for this role is 115-145k based on relevant experience and skillset

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.

#wsp

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