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Ryan Specialty, LLC
Property and Casualty Underwriting Associate
Career Insights for Property / Casualty Underwriter
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Scorecard
Based on Maryland data
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What they do
A Property or Casualty Underwriter is an insurance agent who initially inspects homes or rental properties (or other property to be insured) for conditions such as physical deterioration that pose a risk to the carrier.
$111,265 / year median in Maryland
-3% projected decline
Job Description
Position Summary The Property and Casualty Underwriting Associate is responsible for ensuring the accuracy of existing policy information for renewals, communicating effectively with clients for information gathering, and supporting the underwriting process through precise documentation. The role conducts risk assessments and audits for insurance applications, calculates premium and generates reports. They ensure strict adherence to company policies, industry regulations, and compliance standards in all underwriting activities. What will your job entail?
Job Responsibilities:
- Evaluates and maintains existing policy information to ensure data is current, accurate, and appropriately priced for renewal.
- Responds to client requests and questions, offering information and advice regarding the insurance products & underwriting appetite.
- Communicates with clients to gather necessary information, resolves inquiries, and ensures a smooth underwriting process.
- Prepares and organizes documentation related to underwriting submissions and policy issuance.
- Assesses risks associated with individual insurance applications, considering both standard and substandard criteria.
- Provides support in premium calculations, ensuring accurate application of rates based on underwriting guidelines.
- Builds and maintains reports on underwriting activities, key performance indicators, and relevant metrics.
- Conducts internal and external audits by providing necessary documentation and information related to underwriting activities.
- Ensures adherence to company policies, guidelines, industry regulations, and compliance standards in underwriting activities.
- Collaborates with underwriting teams to relay information, coordinate tasks, and contribute to the overall underwriting process.
- Serves as the key point of contact for customers and agents and delivers excellent customer service by addressing inquiries, resolving issues, and ensuring a positive experience for them.
Work Experience and Education:
- Bachelor's degree in Risk Management, Actuarial or Business Administration required. Any other related discipline or commensurate work experience considered.
- A minimum of 6 months of experience in Property and Casualty Underwriting.
Licenses & Certifications:
- Must meet minimum requirements for state P&C and/or surplus line licenses.
- Chartered Property Casualty Underwriter (CPCU) is a plus.
Benefits
- Paid Time Off (PTO)
- Personal Leave
- Dental Insurance
- Parental Leave