Full-Time

Surplus Lines Tax Team Lead

Posted on 11/22/2024

Ryan Specialty

Ryan Specialty

1,001-5,000 employees

Financial Services

Compensation Overview

$25 - $31.25Hourly

+ Bonus

Senior

Remote in USA

Category
Insurance
Finance & Banking
Requirements
  • Minimum of 2 years of work experience in Surplus Lines, Business Operations is preferred.
  • Bachelor’s degree required; Business Administration, Economics or Operations preferred. Any other related discipline or commensurate work experience considered.
  • Prescribed: Minimum requirements for state P&C and/or surplus line licenses
  • Preferred: Certified Insurance Service Representative (CISR), Associate in Surplus Lines Insurance (ASLI)
Responsibilities
  • Assists underwriters in verifying complex coverage details, navigates intricate surplus lines forms, and ensures accurate policy issuance meets client expectations.
  • Handles policy changes, interprets complex endorsements, and maintains meticulous records to guarantee smooth transitions and stakeholder awareness.
  • Supports operational activities by working closely with branch offices and accounting team to ensure proper procedures are followed within the Surplus Lines team.
  • Assists in maintaining tax tables and testing changes to the system, takes corrective action to ensure accuracy and reliability, contributes to the verification of proper billing by the state.
  • Helps the Surplus Lines teams during internal and external audits, ensures that all requested documents and information are readily available and in compliance with audit requirements.
  • Provides day-to-day support and assistance to employees in the Surplus Lines team and ensures a collaborative and effective working environment.
  • Serves as a liaison for the Underwriting and brokerage team in day-to-day relations with Operations to ensure all questions are answered and accounts are serviced accurately.
  • Completes timely surplus lines state tax returns using designated state forms and formulates respective checks and requests for payment of surplus lines tax if applicable.
  • Maintains filing systems for each policy, tracks critical dates and deadlines, and ensures readily accessible documentation for internal audits and external inquiries.
  • Stays abreast of dynamic surplus lines market trends, competitor activity, and regulatory changes, keeps senior colleagues informed and optimizes quoting strategies.
  • Helps underwriters, brokers, claims, and compliance teams with surplus lines tasks, troubleshoots basic issues, and ensures smooth information flow.
  • Fosters positive relationships with brokers, clients, and market partners, acts as a reliable point of contact and facilitating efficient communication.
  • Handles intricate transactions, gains practical experience through guided tasks, and deepens their understanding of surplus lines best practices.
  • Utilizes training programs, industry publications, and conferences to expand their knowledge of complex surplus lines coverages, regulations, and market trends.

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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