Underwriter

Ryan Specialty•Chicago, IL

46d•$85,855 - $100,000

About The Position

Velocity Risk Underwriters, a leading managing general agency specializing in catastrophe-exposed property insurance solutions and part of Ryan Specialty, is seeking an experienced Underwriter II. This role is designed for a relationship-driven property underwriting professional who excels at analyzing complex risks, fostering broker partnerships, and contributing to a high-performing underwriting organization. The Underwriter will be responsible for evaluating, pricing, and managing new and renewal business within delegated authority while maintaining a profitable portfolio.

Requirements

Bachelor's degree in Risk Management, Business, Finance, Insurance, or a related field; equivalent experience will be considered.
5+ years of commercial property underwriting experience.
Strong understanding of property underwriting principles, policy structures, pricing methodologies, and risk assessment.
Experience evaluating complex commercial property risks.
Strong analytical, negotiation, and decision-making skills.
Excellent communication and relationship management abilities.
Proficiency with underwriting systems, Microsoft Office, and data-driven decision making.

Nice To Haves

Experience working within an MGA, wholesale, E&S, or specialty insurance environment.
Experience underwriting catastrophe-exposed property risks.
CPCU, AU, ARM, or other insurance designations.
Knowledge of CAT modeling tools and property analytics platforms.

Responsibilities

Underwrite and manage a portfolio of new and renewal property business.
Evaluate submissions, loss history, CAT modeling results, risk characteristics, and exposure data to make sound underwriting decisions.
Assess risk acceptability, coverage requirements, pricing adequacy, and policy structures.
Negotiate terms, conditions, deductibles, and pricing with brokers to achieve profitable growth objectives.
Develop and maintain strong relationships with wholesale and retail broker partners.
Drive new business production while maximizing retention within your assigned portfolio.
Collaborate with underwriting, brokerage, operations, claims, and carrier partners to deliver exceptional service.
Ensure underwriting decisions comply with company guidelines, carrier requirements, and regulatory standards.
Monitor portfolio performance and market trends to identify opportunities and emerging risks.
Assist in achieving production, profitability, and retention goals established by leadership.