Binding Authority Associate Underwriter

Ryan Specialty • Austin, TX

3d

About The Position

RT Specialty, a division of Ryan Specialty, is a wholesale distributor of specialty insurance products and services, with brokers specializing in property, casualty, professional lines, transportation, and workers’ compensation. The Underwriting Associate supports underwriters in making decisions by assessing and analyzing underwriting applications and forms, reviewing applicant information, evaluating risk factors, and ensuring compliance with underwriting guidelines. The role involves collaborating with other departments to gather information, perform data analysis, and contribute to risk assessment.

The position combines analysis of complex risks with support for the quoting, binding, and policy issuance process. The associate researches rates, coverage, and policy forms; maintains accurate documentation; supports producer and broker relationships; and handles special underwriting projects. The role requires a bachelor’s degree or commensurate related experience, at least one year of related experience, strong analytical and problem-solving abilities, and advanced knowledge of insurance and underwriting principles.

Requirements

• Bachelor’s degree required; a degree in Business Administration or Risk Management is preferred. Another related discipline or commensurate work experience may be considered.
• At least one year of related experience or experience in a similar role.
• Advanced analytical and problem-solving skills, including the ability to manage and prioritize multiple projects.
• Advanced technical expertise, underwriting skill, and a high level of knowledge of insurance and underwriting principles, practices, and procedures.
• Minimum requirements for state property and casualty and/or surplus lines licenses.

Nice To Haves

• Bachelor’s degree in Business Administration or Risk Management.
• Associate in Insurance Services (AIS) certification.

Responsibilities

• Perform a combination of duties in accordance with departmental guidelines.
• Analyze the quality, quantity, and profitability of highly complex risks underwritten, and prepare and present 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 relationships with underwriters, producers, brokers, and reinsurers.
• Maintain accurate file documentation in accordance with company guidelines.
• Develop and maintain agency and/or broker relationships with large producers in the assigned territory to achieve positive and profitable outcomes on complex, high-risk business.
• Handle special underwriting projects and other duties as assigned.

Benefits

• Paid time off for company holidays, vacation, sick, and personal days.
• Paid parental leave.
• Mental health services.
• Additional benefits intended to support employees’ and their family members’ physical, financial, and emotional well-being.
• Full-time roles are eligible for bonuses and benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level