Senior Binding Authority Underwriter

Ryan Specialty • New York, NY

1d

About The Position

The Senior Binding Authority Underwriter is responsible for leveraging extensive industry knowledge and underwriting expertise to evaluate complex risks, negotiate terms, and bind complex coverage agreements. The role cultivates and maintains relationships with brokers and clients and optimizes risk portfolios. They drive underwriting excellence, review and authorize binding authority requests, provide strategic guidance, and ensure compliance with regulatory standards.

Requirements

• Minimum of 8 years of experience in Binding Authority and Insurance Underwriting with a Bachelor’s degree, or 6 years of experience and a Master’s degree.
• Bachelor’s degree required; Business Administration, Risk Management preferred.
• Any other related discipline or commensurate work experience considered.
• Minimum requirements for state P&C and/or surplus line licenses.

Nice To Haves

• Certified Insurance Counselor (CIC)
• Chartered Property Casualty Underwriter (CPCU)

Responsibilities

• Review and authorize complex new business submissions and renewal risks submitted by brokers, including analysis of historical performance and overall risk quality.
• Evaluate risk exposure and determine appropriate underwriting decisions, including acceptance, modification, or declination of risks.
• Negotiate profitable binding terms and successfully place complex risks in alignment with underwriting targets and portfolio objectives.
• Assess premium adequacy and profitability, including potential loss exposure from catastrophic events or excessive insurance concentration.
• Apply binding authority underwriting guidelines and best practices while ensuring compliance with regulatory, statutory, and internal policies and procedures.
• Create, maintain, and update binding authority underwriting guidelines; review and revise policy language as needed to reflect coverage intent and regulatory requirements.
• Develop and maintain strong, long‑term relationships with brokers, agents, and internal underwriting partners to support a profitable and sustainable book of business.
• Maintain and expand knowledge of international taxation rules and ensure proper application and filing across applicable jurisdictions.
• Coach and mentor junior binding authority underwriters, supporting the development of technical underwriting skills and insurance knowledge.

Benefits

• Paid time off for company holidays, vacation, sick and personal days
• Paid parental leave
• Mental health services

What This Job Offers

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