Underwriter Assistant

Ryan Specialty Group

Richmond, Virginia

Apply

JOB DETAILS

SKILLS

Analysis Skills, Brokerage, Business Administration, Compensation and Benefits, Customer/Client Research, Data Analysis, Documentation, Establish Priorities, Event Marketing, File Maintenance, Insurance, Insurance Regulations, Insurance Underwriting, Interpersonal Skills, Investment Management, Maintain Compliance, Multitasking, Negotiation Skills, Performance Analysis, Problem Solving Skills, Profit & Loss, Project/Program Management, Retail, Risk, Risk Analysis, Risk Management, Time Management, Underwriting, Wholesale Industry, Worker's Compensation

LOCATION

Richmond, Virginia

POSTED

6 days ago

RT Specialty, a division of Ryan Specialty, is a leading wholesale distributor of specialty insurance products and services. Our experienced brokers are specialized in property, casualty, professional lines, transportation and workers' compensation, providing creative solutions to retail brokerage firms. We define ourselves through our superior execution on behalf of our clients, which has established us as a leader in the industry.

Position Summary
The Underwriting Associate is responsible for supporting the underwriter in the decision-making process by assessing and analyzing underwriting applications and forms. The role reviews applicant information, evaluates risk factors, and ensures compliance with underwriting guidelines. They collaborate with various departments to gather necessary information, conduct data analysis, and contribute to the overall risk assessment process.

What will your job entail?

Job Responsibilities:
• Performs a combination of duties in accordance with departmental guidelines.
• Analyzes quality, quantity, and profitability of highly complex risks underwritten; prepares and presents reports to management.
• Review submission information with the underwriter including analysis of account information.
• Coordinate the quoting, binding, and issuance process.
• Research and apply appropriate rates, coverages, and policy forms.
• Issue notices of cancellation, nonrenewal notices, or reinstatements.
• Develop and maintain superior relationships with underwriters, producers, brokers, and reinsurers.
• Maintain accurate file documentation in accordance with company guidelines.
• Develops and maintains agency and/or broker relationships with large producers within the assigned territory to reach positive and profitable outcomes on complex, high-risk business.
• Responsible for special underwriting projects and other duties as assigned.
Work Experience and Education:
• Bachelor's degree required, Business Administration, Risk Management preferred. Any other related discipline or commensurate work experience considered.
• 1+ year related experience or in a similar role.
• Advanced analytical and problem-solving skills, with the ability to manage and prioritize multiple projects.
• Advanced technical expertise, underwriting skill and high level of knowledge of insurance and underwriting principles, practices and procedures.
Licenses & Certifications:
• Prescribed: Minimum requirements for state P&C and/or surplus line licenses
• Preferred: Associate in Insurance Services (AIS)

Skills:
• Underwriting Principles
• Insurance Regulations
• Analytical
• Risk Evaluation
• Guidance Adherence
• Collaboration
• Documentation
• Marketing
• Portfolio Management
• Policy language
• Data Analysis

Behavioral Skills:
• Problem Solving
• Interpersonal
• Negotiation
• Presenting
• Relationship Building
• Project Management
• Time Management
• Event Marketing

#OLR

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 $54,250.00 - $55,000.00 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 in

About the Company

Ryan Specialty Group

Resume Resources

Free Resume Templates Free Resume Builder