Full-Time

Personal Lines Coordinator

Posted on 1/9/2025

Ryan Specialty

Ryan Specialty

1,001-5,000 employees

Consulting
Financial Services

Compensation Overview

$20 - $26Hourly

+ Bonus

Junior

Houston, TX, USA

In-office work required on Tuesdays and Thursdays.

Category
Insurance
Finance & Banking
Required Skills
Sales
Requirements
  • Minimum of 1 year of work experience in Insurance Industry or Binding Underwriting or related field.
  • Bachelor’s degree required; Business Administration, Business Operations and Sales preferred. Any other related discipline or commensurate work experience considered.
Responsibilities
  • Assists the process of binding insurance policies, ensuring accuracy and compliance with binding underwriting guidelines and regulatory requirements.
  • Administers underwriting applications with the information necessary to rate, document and issue accurate and compliant policies.
  • Assists with new business submission with directions from the Binding Underwriter to prepare and market to carrier.
  • Coordinates between Underwriters and brokers by responding to inquiries, works with brokers to obtain information needed to quote, and provides revised quotes as requested.
  • Processes and issues policy endorsements, including changes to coverage, limits, or policy terms, ensuring accuracy and timely implementation and tracks cancellation notifications, non-renewal, and renewal solicitation notifications.
  • Maintains comprehensive and organized records of all binding transactions and related documentation, including policy details, endorsements, and client information.
  • Communicates with clients to collect required information, explains policy terms and conditions, and addresses any questions or concerns related to the binding process.
  • Executes the work assigned by underwriters and underwriting assistants when they are out of the office or otherwise unavailable.
  • Prepares reports related to policy binding metrics, performance, and compliance, providing insights for process improvement.

Company Stage

IPO

Total Funding

$705.5M

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.

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Benefits

Paid Vacation

Paid Sick Leave

Paid Holidays

Paid Parental Leave

Mental Health Support