Property Underwriter II

Ryan Specialty • Chicago, IL

13d

About The Position

Velocity Risk, a subsidiary of Ryan Specialty, is seeking an experienced Underwriter II to join our dynamic team. This role is ideal for professionals passionate about specialty property insurance and eager to contribute to a fast-paced, data-driven environment focused on catastrophe-prone risks. Velocity Risk specializes in Excess & Surplus Property insurance, offering tailored solutions for businesses exposed to hurricanes, earthquakes, wildfires, and other catastrophic perils. We combine cutting-edge data analytics, machine learning, and geospatial imagery with deep industry expertise to deliver superior underwriting and claims management services. Our mission is to connect risk with capital in innovative ways, especially in underserved markets, helping property owners recover quickly and efficiently after loss events. What will your job entail? As a Large Commercial Underwriter II , you are responsible for analyzing and underwriting business for Commercial Lines to meet Combined Ratio and capital metric goals. You will be responsible for a $15-25M book of business while developing a team of Underwriter I’s and Underwriter Trainees. You will utilize your underwriting expertise 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 offered.

Requirements

• Exceptional Communicator: Clear, concise, and persuasive in both written and verbal formats.
• Detail-Oriented Analyst: Sharp eye for accuracy and data integrity, with the ability to spot inconsistencies quickly.
• Organized and Agile: Skilled at managing competing priorities and adapting to time-sensitive demands.
• Trusted Professional: Demonstrated discretion and integrity in handling confidential information.
• Bachelor’s degree in Risk Management, Insurance, or a related field—or equivalent industry experience.
• Minimum of 3 years in commercial insurance underwriting.
• Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint, Outlook).

Nice To Haves

• Professional designations (e.g., CPCU, ARM) are a plus.

Responsibilities

• Own a $15–25M Book of Business: Analyze and underwrite complex risks to meet capital metrics and achieve targeted combined ratios.
• Support Strategic Goals: Partner with Senior Underwriters to uphold underwriting excellence and contribute to business unit success through sound decision-making and adherence to best practices.
• Build and Strengthen Broker Relationships: Cultivate new producer partnerships and deepen existing ones to drive profitable growth.
• Collaborate Across Teams: Work closely with the broader Commercial Lines team and cross-functional departments to enhance product offerings and service delivery.
• Lead and Mentor: Manage and coach Underwriting Assistants and provide guidance to Underwriter I’s, fostering a culture of continuous learning and professional development.

Benefits

• In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.
• For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees