Jobs · Finance · New York

Senior Underwriter, Financial Institutions

Westfield Specialty Insurance · New York, NY · 1 mo ago
On-siteFinanceFull-time

About the role

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 pursuing new business opportunities, servicing renewals, and providing solutions to key broker partners while upholding a high standard of underwriting care. This position works with retail brokers across the United States, focusing on the New York, Mid‑Atlantic, Southeast, and West Coast regions, and offers the opportunity to build a profitable portfolio of primary and excess placements including Private Equity Funds, Hedge Funds, Venture Capital Funds, Banks, Insurance Companies, REITs, Specialty Finance Companies, Exchanges, and other risks within the Financial Institution ecosystem. It provides an excellent opportunity to contribute to the growth of a dynamic Financial Institutions portfolio while building strong market relationships and underwriting expertise.

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.

Requirements

  • 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, preferably 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.
  • Ability to think originally, challenge ideas, and be receptive to constructive feedback.
  • Ability to be onsite in the office four days per week, where applicable.

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