Underwriter

Ryan Specialty • Chicago, IL

6d

About The Position

The Property and Casualty Underwriter manages a portfolio of accounts and drives new and renewal business opportunities for Property and Casualty insurance. The role assesses risks associated with insuring properties and liabilities, evaluates applications and data, and determines coverage terms and premiums to support sound underwriting decisions. The Underwriter develops and maintains underwriting practices and guidelines within delegated authority and builds relationships with brokers and other stakeholders in the designated portfolio.

Requirements

• Bachelor’s or master’s degree in Risk Management, Actuarial, or Business Administration; another related discipline or commensurate work experience may be considered.
• At least 3 years of experience in Property and Casualty Underwriting.
• Must meet minimum requirements for state Property and Casualty and/or surplus line licenses.

Nice To Haves

• Chartered Property Casualty Underwriter (CPCU) designation.

Responsibilities

• Underwrite new and renewal property and casualty business by analyzing policy forms, broker endorsement requests, and submitted documentation in accordance with company standards and guidelines, and obtain additional information as needed.
• Evaluate coverage value, location, usage, safety features, and other relevant factors to determine whether to accept, modify, or decline risks.
• Determine appropriate coverage limits, premiums, policy terms, and conditions based on risk assessments and underwriting guidelines, and actively manage the assigned portfolio.
• Deliver services for new business and renewals while demonstrating professionalism, technical knowledge, and adherence to underwriting guidelines.
• Examine, identify, and evaluate exposures, ensuring compliance with applicable state and country laws and carrier and organizational guidelines.
• Provide premium forecasts and business plans to support budget and performance targets.
• Maintain broker relationships and collaborate across teams on submissions, quotes, declines, binds, and issuance to provide accurate, timely, and quality service.
• Build long-term professional relationships within the designated portfolio and delegated authority limits, and partner with brokers to create customized insurance solutions as needed.
• Create new business opportunities, maximize retention of the assigned portfolio, and review renewal business in a timely manner to achieve business targets.
• Execute marketing activities, attend seminars and training, and stay current on market dynamics and property and casualty underwriting trends.
• Monitor industry trends, emerging risks, terminology, and regulations, and adjust underwriting strategies accordingly.

Benefits

• Paid time off for company holidays, vacation, sick days, and personal days.
• Paid parental leave.
• Mental health services.
• Full-time roles are eligible for bonuses and benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level