Westfield Specialty Insurance · 6 days ago
WSP Underwriting Trainee, Financial Institutions
New York, NY, United States
Full-time
Onsite
New Grad
$75K/yr - $75K/yrWestfield Specialty Insurance is seeking an Underwriting Trainee to join their Financial Institutions team in New York, NY. This role is part of a two-year training program designed to equip individuals with the necessary underwriting practices and knowledge to succeed in the field.
Insurance
Responsibilities
Demonstrates broad knowledge of the business, the marketplace and company goals, objectives and performance measures through the effective delivery of all products and services
Links line of business policies and practices to company strategies
Demonstrates forms and coverage knowledge and applies them to exposure
Compares company coverages to competitors and differentiates our company from others
Identifies new product opportunities
Manage assigned territory so that items such as renewals, endorsements (if applicable), claim reviews and related transactions are completed accurately within accepted company timelines
Applies standard pricing to exposures
Applies individual loss and expense factors, when applicable
Applies underwriting strategies and standards to pre-qualify risk acceptability
Performs detail analysis utilizing appropriate information (exposure/rate/financial & loss) to determine account acceptability, taking customer needs into consideration
Qualification
Required
Bachelor's degree required
Demonstrated interest in financial markets and/or financial institutions
Exceptional written and verbal communication skills
Strong attention to detail, coupled with initiative and the ability to thrive in a fast‑paced team environment
Excellent interpersonal skills with the ability to build effective working relationships
Proven ability to work both independently and collaboratively
Flexibility to adapt to shifting priorities and manage multiple tasks simultaneously
Highly motivated with a strong sense of ownership, accountability, and follow‑through
Preferred
Recent graduates majoring in Finance or Economics are strongly preferred
Benefits
Discretionary incentive pay
Company
Westfield Specialty Insurance
Westfield Specialty is a prominent specialty insurance carrier, leveraging the financial strength of Westfield, a leading U.S.-based property and casualty insurance company and the well-established Lloyd’s of London Syndicate 1200.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Brad Kass
Chief Operations Officer
Manoj Jain
Chief Information Officer
Company data provided by crunchbase