Position Summary

The Benefits Underwriting Associate is responsible for partnering with assigned underwriter(s) and designated producers for moderately complex accounts. Under limited supervision and within authority guidelines, authorizes renewals and endorsements. Knowledgeable about all related underwriting guidelines and procedures for Health Insurance line of business.

What will your job entail?

Job Responsibilities:
• Assists in developing and directly servicing a book of business in coordination with and under the technical direction of designated underwriter(s). Within defined authority level for renewals, evaluates risks and makes recommendations for acceptance, rejection, modification, or referral in accordance with established underwriting standards, policies, and programs.
• Collaborates with team members to manage work inventories and all production activities to provide quality and timely service and productivity results in accordance with business unit standards.
• Assists underwriters in managing their portfolios through risk evaluation including assessment of risk control reports, financials, audits, loss experience, competitive environment and by acting when peculiarities or deficiencies are noted.
• Develops superior working relationships with producers and acts as first point of contact. Frequently assists producers with questions on products and coverage. Researches and resolves complex errors and questions regarding processes and procedures. Occasionally travels to key producers/accounts with underwriter(s).
• Ensures underwriting file is documented and returns for final file review and further documentation by underwriter via automated desktop systems and tools.
• For new business policies, completes 85-90% of the front-end information gathering and analytics required to enable their assigned underwriter(s) to decide on the risk. Approves, declines, and issues all transactions within assigned authority level including new business, routine renewals, and endorsements.
• Assists in the development of new processes, procedures and/or systems. Participates on committees and projects as required.
• Trains and acts as a resource and mentor for other Underwriting Associates.

Work Experience and Education:

• Bachelor’s degree in fields such as business, finance, actuarial, economics, risk management or a related field.
• 6 Months to 1 years underwriting support or related insurance experience required
• Health Insurance Underwriting experience is a plus.
• Willingness to learn and develop strong technical skills in Health Insurance Industry

Licenses & Certifications:
• State Accident and Health Insurance license a plus

Skills:
Technical/Functional Skills:

· Custom Reporting
· Technical Proficiency
· Regulatory Compliance
· Risk Assessment
· Risk Management
· Data Analysis
· Quoting

Behavioral Skills:
· Attention to Detail
· Analytical
· Communication
· Collaboration
· Problem Solver

Job Responsibilities:

Assists in developing and directly servicing a book of business in coordination with and under the technical direction of designated underwriter(s). Within defined authority level for renewals, evaluates risks and makes recommendations for acceptance, rejection, modification, or referral in accordance with established underwriting standards, policies, and programs.

Collaborates with team members to manage work inventories and all production activities to provide quality and timely service and productivity results in accordance with business unit standards.

Assists underwriters in managing their portfolios through risk evaluation including assessment of risk control reports, financials, audits, loss experience, competitive environment and by acting when peculiarities or deficiencies are noted.

Develops superior working relationships with producers and acts as first point of contact. Frequently assists producers with questions on products and coverage. Researches and resolves complex errors and questions regarding processes and procedures. Occasionally travels to key producers/accounts with underwriter(s).

Ensures underwriting file is documented and returns for final file review and further documentation by underwriter via automated desktop systems and tools.

For new business policies, completes 85-90% of the front-end information gathering and analytics required to enable their assigned underwriter(s) to decide on the risk. Approves, declines, and issues all transactions within assigned authority level including new business, routine renewals, and endorsements.

Assists in the development of new processes, procedures and/or systems. Participates on committees and projects as required.

Trains and acts as a resource and mentor for other Underwriting Associates.



Work Experience and Education:



Bachelor’s degree in fields such as business, finance, actuarial, economics, risk management or a related field.

6 Months to 1 years underwriting support or related insurance experience required

Health Insurance Underwriting experience is a plus.

Willingness to learn and develop strong technical skills in Health Insurance Industry



Licenses & Certifications:

State Accident and Health Insurance license a plus



Skills:

Technical/Functional Skills:



Custom Reporting

Technical Proficiency

Regulatory Compliance

Risk Assessment

Risk Management

Data Analysis

Quoting



Behavioral Skills:

Attention to Detail

Analytical

Communication

Collaboration

Problem Solver

Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.

How We Support Our Teammates

Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them — and their family members — achieve their physical, financial, and emotional well-being goals. In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.

The target salary range for this position is $62,000.00 - $62,000.00 annually.

The wage range for this role considers many factors, such as training, transferable skills, work experience, licensure and certification, business needs, and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/.

We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation at [email protected]

The above is intended to describe this job’s general requirements. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.