Full-Time

Senior Property and Casualty Underwriting Manager

Confirmed live in the last 24 hours

Ryan Specialty

Ryan Specialty

1,001-5,000 employees

Consulting
Financial Services

Compensation Overview

$171.2k - $224.6kAnnually

+ Bonus

Senior

New York, NY, USA

Category
Real Estate
Real Estate Finance
Required Skills
Data Analysis
Requirements
  • Minimum of 8 years of experience in Property and Casualty insurance underwriting with minimum of 5 years of management experience is preferred.
  • Bachelor’s degree required, Master’s degree preferred; Risk Management, Actuarial and Business Administration preferred. Any other related discipline or commensurate work experience considered.
  • Prescribed: Minimum requirements for state P&C and/or surplus line licenses.
  • Preferred: Chartered Property Casualty Underwriter (CPCU), Associate in Risk Management (ARM)
Responsibilities
  • Directs and oversees the comprehensive underwriting process for both new and renewed property and casualty accounts to achieve and exceed profitability targets.
  • Partners with Ryan and Carrier partner executives and business heads to craft a compelling underwriting strategy, outlines ambitious revenue targets and market expansion plans.
  • Translates the strategic vision of the executives into actionable long-term and short-term plans for the underwriting business, ensuring teams and functions are aligned across the organization.
  • Leads the development of innovative property and casualty products within the underwriting portfolio, leveraging market insights, customer needs, and emerging industry trends.
  • Reviews and authorizes innovative underwriting solutions and structures and recommends changes as needed to deliver business goals.
  • Supervises strategic initiatives and ensures data driven decision making, operational excellence and improved client retention in alignment with Ryan Specialty's vision and objectives.
  • Identifies areas for growth and cross-selling, fosters an innovative culture and drives the team to develop new underwriting practices, guidelines, and processes for increased effectiveness.
  • Oversees comprehensive risk analysis, evaluates factors such as coverage value, location, usage, safety features to make informed decisions on risk acceptance, modification, or decline.
  • Establishes and enforces consistent underwriting best practices within the team, aligning with underwriting guidelines to ensure rating, pricing, profitability, and structuring adequacy.
  • Establishes strong relationships with key brokers, clients, and other stakeholders aimed at growing the business.
  • Provides training and mentorship to underwriting professionals, focusing on underwriting approaches, compliance, policy documentation, administration, and other best practices.

Company Stage

IPO

Total Funding

$705.5M

Headquarters

Chicago, Illinois

Founded

2010

Growth & Insights
Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

-1%
Simplify Jobs

Simplify's Take

What believers are saying

  • Acquisition of Innovisk boosts revenue by $58 million, expanding market presence.
  • Repricing of $1.65 billion term loan optimizes costs, saving $5.6 million annually.
  • Expansion into new Chicago space increases operational capacity and growth potential.

What critics are saying

  • Integration of recent acquisitions poses operational challenges and cultural clashes.
  • Rising interest rates may impact cost of capital and borrowing costs.
  • Increased competition in specialty insurance could pressure profit margins.

What makes Ryan Specialty unique

  • Ryan Specialty's strategic acquisitions enhance its global reach and product offerings.
  • The company effectively manages financials, reducing annual cash interest by $5.6 million.
  • Ryan Specialty's commitment to growth is evident in its $6 million Chicago expansion.

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