Binding Authority Underwriter

Ryan Specialty•San Francisco, CA

10d•$78,750 - $80,000•Onsite

About The Position

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. This role is ideal for an underwriting professional who enjoys balancing technical risk evaluation with business development. The successful candidate will manage new business, renewals, and endorsements while partnering closely with brokers to identify opportunities, negotiate terms, and drive sustainable growth. As a Binding Authority Underwriter, you will play a key role in evaluating risks, making informed underwriting decisions, and developing a profitable book of business. You'll have the opportunity to collaborate across teams, engage directly with brokers, and contribute to market-facing initiatives that support long-term success.

Requirements

Bachelor's degree in Business, Risk Management, Insurance, or a related discipline; equivalent professional experience may be considered.
Minimum of 5 years of Binding Authority underwriting experience.
Experience underwriting new business, renewals, and endorsements.
Strong understanding of commercial insurance products, policy forms, coverage analysis, and underwriting principles.
Demonstrated ability to evaluate risk exposures and make sound underwriting decisions.
Experience managing broker relationships and negotiating coverage terms and pricing.
Strong analytical, communication, and organizational skills.
Ability to manage multiple priorities in a fast-paced underwriting environment.
State P&C and/or surplus lines licensing requirements as applicable.

Nice To Haves

Master's degree in Business Administration, Risk Management, Insurance, or a related field.
CPCU (Chartered Property Casualty Underwriter) designation.
CIC (Certified Insurance Counselor) designation.
Experience managing a profitable underwriting portfolio within delegated authority.
Existing broker relationships and market-facing experience.
Experience participating in business development, marketing, and stewardship activities.

Responsibilities

Underwrite and price new business, renewals, and endorsements within delegated binding authority.
Evaluate submissions and exposures to determine appropriate pricing, coverage terms, and underwriting strategy.
Select and verify classification codes, rating exposures, and premium calculations.
Apply underwriting judgment to determine credits, debits, and pricing adjustments that support profitable business outcomes.
Determine appropriate coverage forms, endorsements, and policy structure based on risk characteristics.
Clearly communicate quote terms, conditions, and underwriting requirements to brokers.
Maintain thorough and accurate underwriting documentation and decision rationale within company systems.
Coordinate timely policy issuance and endorsement processing.
Order and review inspection reports to validate exposures and assess risk quality.
Manage broker, customer, and agency relationships to support retention and new business growth.
Monitor production pipelines and identify opportunities to expand the portfolio.
Participate in stewardship meetings, broker visits, marketing initiatives, and industry events.
Collaborate with underwriting colleagues and cross-functional teams to develop comprehensive solutions for complex risks.
Ensure underwriting decisions align with company guidelines, authority levels, regulatory requirements, and portfolio objectives.