Senior Underwriter

Ryan Specialty • Boston, MA

15d

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. What will your job entail?

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, Master’s degree preferred; Business Administration, Risk Management preferred.
• Minimum requirements for state P&C and/or surplus line licenses

Nice To Haves

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

Responsibilities

• Reviews and authorizes complex business submissions and new risks submitted by brokers, evaluates historical performance, and determines appropriate level of risk.
• Negotiates profitable binding terms while brokering complex risks to successfully negotiate a placement and delivers on underwriting targets.
• Determines the profitability of the premium amount and seeks to evaluate possibility of losses due to catastrophe or excessive insurance.
• Demonstrates understanding of binding authority underwriting guidelines, best practices and ensures compliance with regulatory and statutory policies and procedures.
• Creates, maintains, and updates the binding authority underwriting guidelines and examines and modifies policy language as needed.
• Develops strong, long-term relationships with brokers, agents, and fellow underwriters to deliver a profitable book of business.
• Develops and enhances understanding of taxation rules for different countries and ensures appropriate filing.
• Coaches new binding authority underwriters and enhances their technical expertise and insurance knowledge.

What This Job Offers

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