Full-Time

Underwriting Operations Manager

Posted on 3/25/2025

Ryan Specialty

Ryan Specialty

1,001-5,000 employees

Specialty insurance distribution and risk management

Compensation Overview

$94.2k - $100k/yr

+ Bonus

Senior

Illinois, USA

Category
Insurance
Finance & Banking
Required Skills
Management
Risk Management
Connection
Connection
Connection
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Requirements
  • Minimum of 6 years of experience in the Insurance Industry or Underwriting
  • Minimum of 3 years of management experience
  • Bachelor’s degree required
  • Master’s degree preferred; Business Operations, Finance and Risk Management preferred
  • Prescribed: Minimum requirements for state P&C and/or surplus line licenses
Responsibilities
  • Oversees and manages the day-to-day underwriting operations, ensuring efficiency, accuracy, and adherence to underwriting guidelines and company policies.
  • Reviews underwriting documentation, including policies, proposals, and contracts, to ensure compliance with underwriting decisions and organizational standards.
  • Manages the processing of underwriting-related claims, collaborating with claims departments to facilitate timely and accurate settlements.
  • Prepares and presents regular reports on underwriting operations activities, performance metrics, and trends to management.
  • Oversees the policy issuance process, ensuring accuracy, completeness, and compliance with underwriting decisions.
  • Partners with clients, brokers, and internal stakeholders to address inquiries, provide support, and ensure a high level of customer satisfaction.
  • Conducts performance reviews, set performance goals, and provide feedback to team members to enhance individual and team performance.
  • Manages the budget for underwriting operations, ensuring cost-effectiveness and optimal resource allocation.
  • Identifies opportunities for process improvement within underwriting operations, implementing best practices, and optimizing workflows to enhance efficiency.
  • Implements quality assurance measures to ensure the accuracy and integrity of underwriting data, documentation, and policy issuance.
  • Develops and implements training programs for the underwriting operations team, ensuring continuous learning and skill enhancement.
  • Monitors industry trends, regulatory changes, and emerging technologies to identify opportunities for operational enhancements.
Desired Qualifications
  • Master’s degree preferred
  • Certified Insurance Counselor (CIC) preferred

Ryan Specialty operates in the specialty insurance sector, offering services such as distribution, underwriting, product development, administration, and risk management. The company functions as both a wholesale broker and a managing underwriter, focusing on creating tailored insurance solutions for complex risks. Their products work by leveraging industry expertise and innovative approaches to meet the unique needs of insurance brokers, agents, and carriers. Unlike many competitors, Ryan Specialty is dedicated solely to specialty insurance, ensuring a high level of service and expertise in this niche market. The company's goal is to provide top-tier specialty insurance solutions while fostering a diverse and inclusive workplace that values all employees.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Chicago, Illinois

Founded

2010

Simplify Jobs

Simplify's Take

What believers are saying

  • Acquisitions like Castel Underwriting enhance Ryan Specialty's competitive edge in specialty insurance.
  • Financial optimization through loan repricing improves profitability and investment capacity.
  • Expansion in Chicago reflects scaling operations to increase market share.

What critics are saying

  • Integration of multiple acquisitions may pose operational challenges and distract management.
  • Rising interest rates could impact the cost of capital and borrowing.
  • Expansion into new office space may lead to increased operational costs and inefficiencies.

What makes Ryan Specialty unique

  • Ryan Specialty focuses on strategic acquisitions to expand product offerings and geographical reach.
  • The company successfully repriced its term loan, reducing annual cash interest expenses.
  • Ryan Specialty plans to expand into new office space in Chicago, supporting operational growth.

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Benefits

Paid Vacation

Paid Sick Leave

Paid Holidays

Paid Parental Leave

Mental Health Support

Company News

Business Wire
Jan 8th, 2025
Ryan Specialty Signs Definitive Agreement to Acquire Velocity Risk Underwriters

Ryan Specialty (NYSE: RYAN), a leading international specialty insurance firm, is pleased to announce it has signed a definitive agreement to acquire

Coverage
Nov 5th, 2024
Ryan Specialty completes acquisition of Innovisk Capital Partners

Innovisk generated approximately $58 million of operating revenue for the 12 months ended July 31, 2024.

Business Wire
Sep 9th, 2024
Ryan Specialty, LLC Upsizes and Prices $600 Million of Senior Secured Notes

Ryan Specialty Holdings, Inc. (NYSE: RYAN) (“Ryan Specialty”), a leading international specialty insurance firm, today announced that Ryan Specialty,

Business Wire
Aug 2nd, 2024
Ryan Specialty Signs Definitive Agreement To Acquire US Assure

Ryan Specialty (NYSE: RYAN), a leading international specialty insurance intermediary, is pleased to announce it has signed a definitive agreement to

Stock Titan
May 1st, 2024
Ryan Specialty Acquires Castel Underwriting

Ryan Specialty, an international specialty insurance firm, has completed the acquisition of Castel Underwriting Agencies, a Managing General Underwriting platform. This acquisition brings new products and facilities to Ryan Specialty, expanding its offerings to clients and trading partners. The enhanced leadership team aims to accelerate the formation of new entities in the region. No financial details of the acquisition were disclosed.

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