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Underwriting Assistant, Financial Lines

Westfield Specialty, Inc.

NEW YORK, NYJob$65–85K/yrSeen 5 days agoSeen in employer's feed 5 days ago

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At a glance

Compensation
$65–85K/yr
Location
NEW YORK, NY
Work Authorization
Not specified

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Job overview

Westfield Specialty is seeking an Underwriting Assistant for its Financial Lines team, based in either New York, NY or Berkeley Heights, NJ. The role reviews and analyzes transactions, processes new business and renewal submissions and endorsements, and supports underwriting relationships and compliance. Candidates need a bachelor's degree or relevant work experience, 2–3 years of underwriting assistant experience, and proficiency in underwriting principles, insurance systems, and Microsoft Office.

Skills & qualifications

RequiredNice to have

Skills

Underwriting PrinciplesProduct CoveragePolicy FormsPricing ToolsRegulatory ComplianceInsurance SystemsMicrosoft OfficeMicrosoft ExcelDesk ManagementWritten CommunicationVerbal CommunicationPrioritizationAnalytical SkillsMathematical AptitudeTeamworkDeadline ManagementIndependent LearningResearch

Qualifications

Bachelor's Degree or Relevant Work Experience2+ Years UA ExperienceFinancial Lines Knowledge

Full job description

We are seeking anUnderwriting Assistantto join our Financial Lines team based in either the New York, NY or Berkeley Heights, NJ offices. The Underwriting Assistants review and analyze incoming transactions and related information for completeness, accuracy and quality. They are responsible for multi-line new business submissions, renewal submissions, and endorsements processing including rating, policy construction, and assembly in a timely and accurate manner. * Regularly reviews and adheres to department processing guidelines and procedures to ensure accuracy including recommended changes/enhancements * Manage underwriting relationships with timely responses relative to service inquiries. * Maintain all correspondence activity with internal and external customers including daily diaries on pending transactions * Ensure compliance with state rules and regulations relative to cancellations and reinstatements * Gathering and analyzing underwriting information including experience reports, final audits, loss control reports, financial reports, and loss runs * Ability to manage internal report updates based on manager discretion * Participates in peer review and quality control for the team(s) as needed * Special projects, including participation in company projects, as neededqualifications * Bachelor's degree or relevant work experience required * 2-3 years of UA Experience, Financial Lines - specific knowledge a plus * Proficient knowledge of underwriting principles, product-specific coverage, policy forms, pricing tools, regulatory compliance, and insurance systems * Proficient in MS Office, with exceptional skills in Microsoft Excel * Strong desk management and written and verbal communication skills. * Ability to prioritize competing demands and requests to complete work within required time constraints with a high volume of work. * Demonstrate strong analytical skills and mathematical aptitude. * The ability to work in a team environment and handle multiple deadlines with ease. * Self-starter that is energized by independent learning and researchNYC Based Candidates Only: Salary range for this role is 65-85k, based on relevant experience and skillsetThis 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 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.

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