Full-Time

Underwriter

Personal lines

Confirmed live in the last 24 hours

Ryan Specialty

Ryan Specialty

1,001-5,000 employees

Financial Services

Compensation Overview

$60k - $78.8kAnnually

+ Bonus

Senior

Richmond, VA, USA

Category
Insurance
Finance & Banking
Required Skills
Risk Management
Customer Service

You match the following Ryan Specialty's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
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. Any other related discipline or commensurate work experience considered.
  • Prescribed: Minimum requirements for state P&C and/or surplus line licenses.
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
  • Preferred: Certified Insurance Counselor (CIC), Chartered Property Casualty Underwriter (CPCU)

Company Size

1,001-5,000

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

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.