Full-Time

Underwriter Assistant

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Confirmed live in the last 24 hours

Ryan Specialty

Ryan Specialty

1,001-5,000 employees

Financial Services

Compensation Overview

$20 - $25Hourly

+ Bonus + Benefits

Entry

Chicago, IL, USA

Category
Insurance
Finance & Banking
Required Skills
Data Analysis
Requirements
  • BA/BS degree in Business or Risk Management.
  • 6 Months to 1 year of experience in related field or similar role.
  • Extensive knowledge of insurance and policy issuance systems.
  • Excellent written and oral communication skills.
Responsibilities
  • Support all steps of the underwriting process in conjunction with the underwriting operations function.
  • Liaise with Underwriters and Operations team to confirm quotes, policy issuance instructions for policies, endorsements, forms, notices, etc. and effectively complete coding/issuance of Ryan Specialty business.
  • Following up for additional information from brokers.
  • Identify proper forms and endorsements issued to quote submissions and policy issuance in tandem with Underwriters.
  • Run reports for management or as directed by Underwriters including exposure data, loss runs, broker submissions, declinations, and other ad hoc requests.
  • Assist underwriters with new business initiatives and customer events.
  • Track premium due and assist underwriters in calculating premium amounts, resolving premium discrepancies, and issuing invoices.
  • Ensure all parts of the Underwriting workflow are completed both accurately and on time.
  • Participating in peer review and quality control for team(s) as needed.
  • Working on special projects as needed.

Company Stage

IPO

Total Funding

$705.5M

Headquarters

Chicago, Illinois

Founded

N/A

Growth & Insights
Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

-1%
Simplify Jobs

Simplify's Take

What believers are saying

  • The acquisition of Castel Underwriting and Socius Insurance positions Ryan Specialty for growth by expanding its product offerings and market reach.
  • The company's investment in new space in Chicago indicates a commitment to growth and expansion, potentially leading to new job opportunities and increased market presence.
  • Ryan Specialty's innovative programs, like the Franchise Hotel Program, showcase its ability to adapt and cater to niche markets, enhancing its competitive edge.

What critics are saying

  • The rapid expansion through acquisitions may pose integration challenges and strain resources, potentially impacting operational efficiency.
  • The specialty insurance market is competitive, and Ryan Specialty must continuously innovate to maintain its leadership position.

What makes Ryan Specialty unique

  • Ryan Specialty's focus on specialty insurance and its role as both a wholesale broker and managing underwriter sets it apart from traditional insurance firms.
  • The company's strategic acquisitions, such as Castel Underwriting and Socius Insurance, enhance its product offerings and expand its international presence.
  • Ryan Specialty's ability to successfully reprice its term loan and reduce capital costs demonstrates financial acumen and operational efficiency.

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