Underwriter

RT Specialty, a division of Ryan Specialty, is a leading wholesale distributor of specialty insurance products and services. Our experienced brokers are specialized in property, casualty, professional lines, transportation and workers' compensation, providing creative solutions to retail brokerage firms. We define ourselves through our superior execution on behalf of our clients, which has established us as a leader in the industry. Position Summary The Binding Authority Underwriter is responsible for developing and maintaining the book of business by assessing and analyzing insurance risks, determining coverage terms as per binding authority underwriting guidelines and building relationships with internal and external stakeholders. The role reviews and authorizes binding authority requests and ensures compliance with regulatory standards. They collaborate with brokers, negotiate terms, evaluate exposures, and establish premium rates. What will your job entail?

Job Responsibilities:

• Assess and price renewals, new business, and endorsements according to guidelines outlined in the underwriting manual and within their authority level.
• Select and/or verify class code and premium base and rating exposure.
• Determine appropriate credits and/or debits to obtain a fair and sustained premium for risk.
• Determine coverage forms and necessary endorsements.
• Effectively communicate to broker quote conditions
• Provide accurate documentation in the file and/or in electronic notes of underwriting thought process.
• Ensure timely and accurate preparation for issuance of policies.
• Order/review inspection reports to assess risk quality and to confirm exposure base accuracy.
• Accurate and timely processing of endorsements.
• Actively manage relationships with assigned brokers, customers, and members.
• Ensure that information available from internal and external resources is properly integrated into underwriting decision making.
• Ensure that referral guidelines are properly followed regarding all lines of business underwritten.
• Conduct stewardship meetings and leads marketing activities. Establish and monitor the production pipeline of new business. Participate in industry conferences.
• Drive a multi-disciplinary approach to understanding insureds' risks.

Collaborate with other underwriters and team members to gain a comprehensive understanding of the exposure and best means to provide coverage.

Work Experience and Education:

• Bachelor's degree required, Master's degree preferred; Business Administration, Risk Management preferred. Any other related discipline or commensurate work experience considered.
• Minimum of 5 years of experience in Binding Authority and Insurance Underwriting with a Bachelor's degree, or 3 years of experience and a Master's degree.

Licenses & Certifications:

Prescribed:

Minimum requirements for state P&C and/or surplus line licenses

Preferred:

Certified Insurance Counselor (CIC), Chartered Property Casualty Underwriter (CPCU)

Skills:

Technical/Functional Skills:

• Risk Evaluation
• Guidance Adherence
• Collaboration
• Documentation
• Marketing
• Portfolio Management
• Policy language
• Data Analysis

Communication Behavioral Skills:

• Project Management
• Group Presentations
• Time Management
• Event Marketing #OLR Ryan Specialty is an Equal Opportunity Employer.

We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment. How We Support Our Teammates Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them — and their family members — achieve their physical, financial, and emotional well-being goals. In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more. The target salary range for this position is $78,750.00 - $78,750.00 annually. The wage range for this role considers many factors, such as training, transferable skills, work experience, licensure and certification, business needs, and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/. We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation at HR@Ryansg.com The above is intended to describe this job's general requirements. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions. A multi-time winner of Newsweek's Most Loved Workplaces and Insurance Business's Top Insurance Employers, Ryan Specialty is home to some of the brightest talent in the insurance industry. Join our team and help provide innovative solutions for insurance brokers, agents and carriers. Talent Network Not seeing the right job opening? To learn more about future opportunities Introduce yourself and join our talent network Benefits Curious about Ryan Specialty's benefits? Explore our employee benefits here! Ryan Specialty, LLC and its affiliates ("Ryan Specialty") do not accept unsolicited resumes or candidate profiles submitted by any staffing agencies, placement services or professional recruiters ("Agencies"), including any submissions made through our website or to email accounts of Ryan Specialty employees. Agencies must be registered in Ryan Specialty's agency portal and have a fully executed contract for service between Ryan Specialty and the Agency. Agency fee agreements will only be valid if provided in such fully executed contract between Ryan Specialty and the Agency. Any unsolicited resume or candidate profile received from an Agency without prior approval from Ryan Specialty's HR department and in compliance with Ryan Specialty's candidate submission process shall be considered unsolicited, gratuitous and property of Ryan Specialty for recruiting purposes and, as such, is not subject to payment of any Agency fees.