Full-Time

Underwriter Assistant

Confirmed live in the last 24 hours

Ryan Specialty

Ryan Specialty

1,001-5,000 employees

Financial Services

Compensation Overview

$21 - $26.45Hourly

+ Bonus

Entry

Chicago, IL, USA

Category
Insurance
Finance & Banking
Required Skills
Customer Service
Requirements
  • 6 Months to 1 year of experience in Underwriting coordination, Administrative Support or Customer service roles in insurance industry is preferred.
Responsibilities
  • Maintains accurate and up-to-date data, electronic and physical files for underwriting records, policies, and endorsements.
  • Documents underwriting decisions via automated desktop systems and tools.
  • Supports the collection, validation, and organization of data related to insurance applications and underwriting submissions.
  • Coordinates the renewal process by gathering necessary information, preparing renewal documents, and assisting in client communications.
  • Coordinates with others to manage production activities such as submissions, quotes, declines, binds, issuance, etc. to provide accurate, timely, and quality service to clients.
  • Underwrites individual insurance applications for Property and Casualty coverage, applying established guidelines for policy issuance, considering both standard and substandard criteria.
  • Ensures that underwriting activities adhere to company policies, industry regulations, and compliance standards.
  • Assists in internal and external audits by providing documentation and information related to underwriting activities.
  • Collaborates with underwriting teams to relay information, coordinate tasks, and support the overall underwriting process.
  • Communicates with clients, brokers, and underwriters to gather additional information, clarify details, and address inquiries regarding underwriting submissions.
  • Delivers excellent customer service by addressing inquiries, resolving issues, and ensuring a positive experience for clients and stakeholders.

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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