Full-Time

Property and Casualty Underwriting Associate

Confirmed live in the last 24 hours

Ryan Specialty

Ryan Specialty

1,001-5,000 employees

Consulting
Financial Services

Compensation Overview

$68.2k - $80kAnnually

+ Bonus

Junior

Sparks, MD, USA

Category
Insurance
Finance & Banking
Required Skills
Customer Service
Requirements
  • Minimum of 1 year of experience in Property and Casualty Underwriting
  • Bachelor’s degree required; 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)
Responsibilities
  • Evaluates and maintains existing policy information to ensure data is current, accurate, and appropriately priced for renewal.
  • Responds to client requests and questions, offering information and advice regarding the insurance products & underwriting appetite.
  • Communicates with clients to gather necessary information, resolves inquiries, and ensures a smooth underwriting process.
  • Prepares and organizes documentation related to underwriting submissions and policy issuance.
  • Assesses risks associated with individual insurance applications, considering both standard and substandard criteria.
  • Provides support in premium calculations, ensuring accurate application of rates based on underwriting guidelines.
  • Builds and maintains reports on underwriting activities, key performance indicators, and relevant metrics.
  • Conducts internal and external audits by providing necessary documentation and information related to underwriting activities.
  • Ensures adherence to company policies, guidelines, industry regulations, and compliance standards in underwriting activities.
  • Collaborates with underwriting teams to relay information, coordinate tasks, and contribute to the overall underwriting process.
  • Serves as the key point of contact for customers and agents and delivers excellent customer service by addressing inquiries, resolving issues, and ensuring a positive experience for them.

Company Stage

IPO

Total Funding

$705.5M

Headquarters

Chicago, Illinois

Founded

2010

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Ryan Specialty's expansion into Chicago indicates growth and increased operational capacity.
  • The repricing of its term loan reduces annual cash interest expenses by $5.6 million.
  • Acquisitions like Innovisk and Socius Insurance enhance Ryan Specialty's market position.

What critics are saying

  • Integrating recent acquisitions may strain Ryan Specialty's management resources.
  • Rising interest rates could impact Ryan Specialty's financial flexibility and expansion plans.
  • Increased competition in the specialty insurance market may pressure profit margins.

What makes Ryan Specialty unique

  • Ryan Specialty's acquisition of Castel expands its product offerings and geographic reach.
  • The company focuses on innovative specialty insurance solutions for brokers, agents, and carriers.
  • Ryan Specialty's leadership team includes experienced executives like Mark Birrell and Carin Verhagen.

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