Full-Time

Underwriting Assistant

Confirmed live in the last 24 hours

Ryan Specialty

Ryan Specialty

1,001-5,000 employees

Financial Services

Compensation Overview

$68.2k - $89.5kAnnually

+ Bonus

Entry, Junior

Sparks, MD, USA + 1 more

More locations: New York, NY, USA

Category
Insurance
Finance & Banking
Required Skills
Customer Service
PowerPoint/Keynote/Slides
Requirements
  • 2 plus years’ experience in a related field.
  • Experience in the insurance industry and Lines of Business a plus
  • A willingness to learn and a “can do” attitude
  • Strong problem solving and decision-making abilities
  • Ability to work independently with minimal supervision
  • Proficiency in Microsoft Office Suite applications (Outlook, Word, Excel, and PowerPoint).
  • Strong analytical skills.
  • Demonstrated ability to work on a team, interact with others, meet deadlines, and successfully perform in a changing, fast paced work environment
  • Ability to build relationships across all business functions
  • Serves as a point of contact for internal and external business partners on account related matters and demonstrate a high level of customer service
  • Excellent written and verbal communication skills.
  • Strong time management and organizational skills.
  • Desire to work as part of a team in a collaborative environment
  • Bachelor’s Degree preferred.
  • Prescribed: Minimum requirements for state P&C and/or surplus line licenses.
  • Preferred: Chartered Property Casualty Underwriter (CPCU)
Responsibilities
  • Support all steps of the underwriting process in conjunction with the underwriting operations function
  • Liaise with Underwriters, Brokers and Reinsurers as needed to communicate account status and complete outstanding subjectivities.
  • Liaise with Underwriters to confirm policy issuance instructions for policies, endorsements, forms, notices, certificates, etc., and effectively complete coding/issuance.
  • Assist with new and renewal business life cycle work such as submission preparation, rating, referral prep, quoting, binding all the way through to policy issuance and endorsements within assigned authority.
  • In-depth renewal preparation
  • Work with internal operations partners to ensure that service standards are being met.
  • Ensuring all parts of the Underwriting workflow are completed both accurately and on time
  • Assist underwriters processing new business submissions and rating sheets
  • Assist with other projects supporting the Underwriting team as required.

Company Stage

IPO

Total Funding

$705.5M

Headquarters

Chicago, Illinois

Founded

N/A

Growth & Insights
Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

-1%
Simplify Jobs

Simplify's Take

What believers are saying

  • The acquisition of Castel Underwriting and Socius Insurance positions Ryan Specialty for growth by expanding its product offerings and market reach.
  • The company's investment in new space in Chicago indicates a commitment to growth and expansion, potentially leading to new job opportunities and increased market presence.
  • Ryan Specialty's innovative programs, like the Franchise Hotel Program, showcase its ability to adapt and cater to niche markets, enhancing its competitive edge.

What critics are saying

  • The rapid expansion through acquisitions may pose integration challenges and strain resources, potentially impacting operational efficiency.
  • The specialty insurance market is competitive, and Ryan Specialty must continuously innovate to maintain its leadership position.

What makes Ryan Specialty unique

  • Ryan Specialty's focus on specialty insurance and its role as both a wholesale broker and managing underwriter sets it apart from traditional insurance firms.
  • The company's strategic acquisitions, such as Castel Underwriting and Socius Insurance, enhance its product offerings and expand its international presence.
  • Ryan Specialty's ability to successfully reprice its term loan and reduce capital costs demonstrates financial acumen and operational efficiency.

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