Full-Time

Vice President

Transactional Liability Underwriting

Confirmed live in the last 24 hours

Ryan Specialty

Ryan Specialty

1,001-5,000 employees

Financial Services

Compensation Overview

$206.4k - $270.8kAnnually

+ Bonus

Expert

New York, NY, USA

Category
Insurance
Finance & Banking
Required Skills
Financial analysis
Requirements
  • Minimum of 15 years of work experience in Insurance Underwriting or related field with a minimum of 7 years of management experience will be preferred.
  • Bachelor’s degree required, Master’s degree preferred; Business Administration, Finance, and Risk Management preferred. Any other related discipline or commensurate work experience considered.
  • Prescribed: Minimum requirements for state P&C and/or surplus line licenses
  • Preferred: Associate in Risk Management (ARM), Certified Merger and Acquisition Advisor (CM&AA)
Responsibilities
  • Shapes and defines the overarching strategic vision for the M&A underwriting business, sets long-term objectives and influences Ryan Specialty's overall corporate strategic direction.
  • Serves as the advisor for the executive leadership team, answers transactional liability underwriting queries and strategically inputs on business decisions.
  • Drives the implementation of company-wide policies and frameworks within the transactional liability unit, leads cross-functional initiatives and ensures increased success for M&A deals.
  • Provides expert counsel on warranties & indemnity, tax & contingence insurance and strategic insights to the leadership team and ensures sound risk management practices.
  • Oversees the development of new insurance products within the underwriting portfolio, leveraging market insights, customer needs, and emerging industry trends.
  • Drives financial performance for the entire transactional liability portfolio, exceeds industry benchmarks, implements strategic acquisitions, and diversifies revenue streams for growth.
  • Manages financial performance, develops and monitors budgets, analyzes financial reports, and implements strategies to achieve financial targets.
  • Stays updated with legal and regulatory landscapes, mitigates potential risks and advocates for policy changes that benefit all parties involved in deals consideration, establishes and enforces rigorous underwriting frameworks and risk management methodologies.
  • Mentors and guides directors and managers, builds their leadership capabilities and strategic acumen to ensure sustainable success for the transactional liability business.
  • Champions a culture of innovation, collaboration, and continuous learning within the team, fosters creative problem-solving and adaptability to market shifts and challenges.
  • Provides training and mentorship to less experienced staff, focusing on underwriting approaches, compliance, policy documentation, administration, and other best practices.

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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