Full-Time

Underwriter Assistant

Wkfc

Confirmed live in the last 24 hours

Ryan Specialty

Ryan Specialty

1,001-5,000 employees

Consulting
Financial Services

Compensation Overview

$20 - $25Hourly

+ Bonus

Entry, Junior

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

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

  • Acquisitions like Innovisk and Castel enhance competitive edge in specialty insurance.
  • Repricing of $1.65 billion term loan improves profitability by reducing interest expenses.
  • Expansion in Chicago indicates increased operational capacity and commitment to growth.

What critics are saying

  • Integration challenges with acquisitions like Innovisk and Castel may cause inefficiencies.
  • Interest rate fluctuations could impact financial stability despite repricing efforts.
  • Expansion into new Chicago space may increase costs without guaranteed ROI.

What makes Ryan Specialty unique

  • Ryan Specialty's strategic acquisitions expand its market reach and product offerings.
  • The firm demonstrates effective financial management by reducing its term loan interest expense.
  • Ryan Specialty's investment in new Chicago space shows commitment to growth and capacity.

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