Full-Time

Program Manager

Group Captives

Confirmed live in the last 24 hours

Ryan Specialty

Ryan Specialty

1,001-5,000 employees

Specialty insurance distribution and underwriting services

Compensation Overview

$140k - $175k/yr

+ Bonus + Benefits

Senior

Chicago, IL, USA

Category
Project Management
Business & Strategy
Required Skills
Excel/Numbers/Sheets
PowerPoint/Keynote/Slides
Requirements
  • Bachelor’s degree (or equivalent) in a related field
  • Minimum of five (5) years of experience in property and casualty insurance, ideally with exposure to captive programs
  • Proven ability to collaborate effectively with cross-functional teams, including executive leadership and production
  • Strong organizational skills, with the ability to prioritize and manage multiple tasks in a fast-paced environment
  • Excellent written and verbal communication skills, with the ability to present complex information clearly
  • Strong analytical skills, with the ability to solve problems and apply sound judgment to technical and operational challenges
  • High level of proficiency with Microsoft Office applications (especially Excel and PowerPoint) and Adobe Acrobat
  • A positive, proactive attitude with a commitment to customer service and business culture
Responsibilities
  • Act as your assigned captive(s) Chief Operating Officer by leading the day to day operations, providing support to the team handling many of the technical aspects of the captive
  • Foster a collaborative environment by working closely with the Captive Executive(s), Business Development Executives and other Program Managers to align on all captive business activities
  • Responsible for training and mentoring newer team members – Program Managers and Associate Program Managers as they come on board
  • Oversee the flow of underwriting information from submission to proposal production
  • Review submissions and underwriting data, ensuring accuracy and completeness before sending to actuaries to generate pricing models
  • Collaborate with the underwriting team to create proposals, ensuring timely and accurate production for the Captive Executive
  • Maintain strong relationships with brokers, service providers, and members, ensuring timely and accurate execution of all program activities
  • Take a lead role in facilitating board meetings, ensuring clear communication of program status and updates
  • Oversee the preparation and submission of underwriting documentation for renewals and board books
  • Work closely with captive domicile manager to ensure all program documentation is up-to-date and accurate including board books, financials, renewal books, and slide decks
  • Monitor the collection of premium and ensure accurate financial reconciliation in collaboration with the captive domicile manager and policy issuing carrier, maintaining financial integrity and compliance

Ryan Specialty operates in the specialty insurance sector, offering services such as distribution, underwriting, product development, administration, and risk management. The company functions as both a wholesale broker and a managing underwriter, focusing on creating tailored insurance solutions for unique risks. Their products work by leveraging industry expertise and innovative approaches to meet the specific needs of insurance brokers, agents, and carriers. Unlike many competitors, Ryan Specialty is dedicated solely to specialty insurance, which allows them to provide more sophisticated solutions and a higher level of service. The company's goal is to lead in the specialty insurance market by delivering quality services and fostering an inclusive workplace that values diversity.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Chicago, Illinois

Founded

2010

Simplify Jobs

Simplify's Take

What believers are saying

  • Acquisitions like Castel Underwriting enhance Ryan Specialty's competitive edge in specialty insurance.
  • Financial optimization through loan repricing improves profitability and investment capacity.
  • Expansion in Chicago reflects scaling operations to increase market share.

What critics are saying

  • Integration of multiple acquisitions may pose operational challenges and distract management.
  • Rising interest rates could impact the cost of capital and borrowing.
  • Expansion into new office space may lead to increased operational costs and inefficiencies.

What makes Ryan Specialty unique

  • Ryan Specialty focuses on strategic acquisitions to expand product offerings and geographical reach.
  • The company successfully repriced its term loan, reducing annual cash interest expenses.
  • Ryan Specialty plans to expand into new office space in Chicago, supporting operational growth.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Paid Vacation

Paid Sick Leave

Paid Holidays

Paid Parental Leave

Mental Health Support

Company News

Business Wire
Jan 8th, 2025
Ryan Specialty Signs Definitive Agreement to Acquire Velocity Risk Underwriters

Ryan Specialty (NYSE: RYAN), a leading international specialty insurance firm, is pleased to announce it has signed a definitive agreement to acquire

Coverage
Nov 5th, 2024
Ryan Specialty completes acquisition of Innovisk Capital Partners

Innovisk generated approximately $58 million of operating revenue for the 12 months ended July 31, 2024.

Business Wire
Sep 9th, 2024
Ryan Specialty, LLC Upsizes and Prices $600 Million of Senior Secured Notes

Ryan Specialty Holdings, Inc. (NYSE: RYAN) (“Ryan Specialty”), a leading international specialty insurance firm, today announced that Ryan Specialty,

Business Wire
Aug 2nd, 2024
Ryan Specialty Signs Definitive Agreement To Acquire US Assure

Ryan Specialty (NYSE: RYAN), a leading international specialty insurance intermediary, is pleased to announce it has signed a definitive agreement to

Stock Titan
May 1st, 2024
Ryan Specialty Acquires Castel Underwriting

Ryan Specialty, an international specialty insurance firm, has completed the acquisition of Castel Underwriting Agencies, a Managing General Underwriting platform. This acquisition brings new products and facilities to Ryan Specialty, expanding its offerings to clients and trading partners. The enhanced leadership team aims to accelerate the formation of new entities in the region. No financial details of the acquisition were disclosed.