Full-Time

Underwriter

P&C

Confirmed live in the last 24 hours

Ryan Specialty

Ryan Specialty

1,001-5,000 employees

Financial Services

Compensation Overview

$80k - $100kAnnually

+ Bonus

Senior

Jericho, NY, USA

Category
Insurance
Finance & Banking
Required Skills
Risk Management
Customer Service
Requirements
  • 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.
  • Bachelor’s degree required, Master’s degree preferred; Business Administration, Risk Management preferred.
  • Prescribed: Minimum requirements for state P&C and/or surplus line licenses.
  • Preferred: Certified Insurance Counselor (CIC), Chartered Property Casualty Underwriter (CPCU)
Responsibilities
  • Reviews and analyzes renewal and new business submissions, risks submitted by brokers, evaluates historical performance, and assists in the development of profitable binding terms as per underwriting guidelines.
  • Applies binding authorities effectively while brokering risks to successfully negotiate a placement while delivering on underwriting targets.
  • Evaluates documents such as application forms, binders, inspection reports, etc. to determine the degree of risk and obtains further information as needed to establish premium amount.
  • Determines the profitability of the premium amount and seeks to evaluate possibility of losses due to catastrophe or excessive insurance.
  • Ensures quality underwriting practice by adhering to guidelines and procedures and meets high service standards for timely quoting, binding, and customer service.
  • Demonstrates knowledge of binding authority underwriting guidelines and best practices and ensures compliance with regulatory and statutory policies and procedures.
  • Develops strong, long-term relationships with brokers, agents, and fellow underwriters to add to a profitable book of business.
  • Identifies opportunities to optimize premium coverage and monitors previous losses and actions on coverage gaps and/or opportunities impacting profitability, leveraging knowledge of all markets.
  • Develops the underwriting associates by providing technical knowledge transfer for them to successfully carry out operational tasks and enhances their business communication skills.
Desired Qualifications
  • Master’s degree preferred; Business Administration, Risk Management preferred.
  • Preferred: Certified Insurance Counselor (CIC), Chartered Property Casualty Underwriter (CPCU)

Company Stage

IPO

Total Funding

$705.5M

Headquarters

Chicago, Illinois

Founded

2010

Simplify Jobs

Simplify's Take

What believers are saying

  • Acquisitions like Castel Underwriting expand Ryan Specialty's product offerings and market presence.
  • Digital transformation in insurance enhances Ryan Specialty's operational efficiency and risk assessment.
  • Growing demand for specialty insurance due to natural disasters boosts Ryan Specialty's market share.

What critics are saying

  • Integration challenges from multiple acquisitions may lead to operational inefficiencies.
  • Expansion into new Chicago office space could increase operational costs and face delays.
  • Regulatory scrutiny on acquisitions like Castel Underwriting may delay integration.

What makes Ryan Specialty unique

  • Ryan Specialty's strategic acquisitions enhance its product offerings and geographic reach.
  • The firm focuses on innovative specialty insurance solutions for brokers, agents, and carriers.
  • Ryan Specialty's leadership team is strengthened by experienced executives in key roles.

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Benefits

Paid Vacation

Paid Sick Leave

Paid Holidays

Paid Parental Leave

Mental Health Support