Underwriter I

Position Summary

As a Large Commercial Underwriter I, you are responsible for analyzing and underwriting business for Commercial Lines to meet Combined Ratio and capital metric goals. You will be responsible for assisting the Commercial Lines team in underwriting their book of business while assisting in coaching and
developing a team of Underwriter Trainee(s).
You will utilize your underwriting familiarity and experience to help determine risk acceptability, pricing, underwriting guidelines, developing positive agency
relationships within assigned territories, auditing underwriting files and accounts and improving on underwriting processes.
Partnering with other departments and your colleagues, you will provide insights and feedback on ways to further improve and develop the products and services Velocity Risk offers. process through precise documentation.
The role conducts risk assessments and audits for insurance applications, calculates premium and generates reports. They ensure strict adherence to company policies, industry regulations, and compliance standards in all underwriting activities.

What will your job entail?

Job Responsibilities:

• Assisting Underwriter II’s and Senior Underwriters with accountabilities and business goals through effective underwriting practices: risk determination, pricing, coverage, appropriate terms and conditions with defined limits/authority and excellent underwriting guidelines.
• Creating stable and productive producer relationships within assigned territories and fostering pre-existing partnerships.
• Assisting with account pipelines and pre-underwriting accounts by performing account qualification and research, creating of modeling requests, forms review, completing risk assessment reports, including pricing recommendations.
• Draft quotations, binders, and endorsements
• Coach and mentor developing Underwriting Assistants.

Demonstrated Experience for success in this role…
• Bachelor’s degree (Risk Management or similar) or equivalent industry experience
• 3+ years of commercial insurance experience
• Professional insurance designations a plus 
• Proficiency in Microsoft suite (Excel, Word, PowerPoint, Outlook

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 $64,000.00 - $80,000.00 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 HR@Ryansg.com

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.