Underwriting Associate

Ryan Specialty • Ormond Beach, FL

14d • $60,000 - $75,000

About The Position

The Binding Authority Underwriting Associate is responsible for supporting the underwriter in the decision-making process by assessing and analyzing underwriting applications and forms. The role reviews applicant information, evaluates risk factors, and ensures compliance with underwriting guidelines. They collaborate with various departments to gather necessary information, conduct data analysis, and contribute to the overall risk assessment process. What will your job entail? Job Responsibilities: Performs a combination of duties in accordance with departmental guidelines. Analyzes quality, quantity, and profitability of highly complex risks underwritten; prepares and presents reports to management. Review submission information with the underwriter including analysis of account information. Coordinate the quoting, binding, and issuance process. Research and apply appropriate rates, coverages, and policy forms. Issue notices of cancellation, nonrenewal notices, or reinstatements. Develop and maintain superior relationships with underwriters, producers, brokers, and reinsurers. Maintain accurate file documentation in accordance with company guidelines. Develops and maintains agency and/or broker relationships with large producers within the assigned territory to reach positive and profitable outcomes on complex, high-risk business. Responsible for special underwriting projects and other duties as assigned.

Requirements

• Bachelor’s degree preferred, Business Administration, Risk Management preferred. Any other related discipline or commensurate work experience considered.
• 1+ year experience or E&S (Excess and Surplus) lines of insurance.
• Advanced analytical and problem-solving skills, with the ability to manage and prioritize multiple projects.
• Advanced technical expertise, underwriting skill and high level of knowledge of insurance and underwriting principles, practices and procedures.
• Prescribed: Minimum requirements for state P&C and/or surplus line licenses

Nice To Haves

• Preferred: Associate in Insurance Services (AIS)

Responsibilities

• Performs a combination of duties in accordance with departmental guidelines.
• Analyzes quality, quantity, and profitability of highly complex risks underwritten; prepares and presents reports to management.
• Review submission information with the underwriter including analysis of account information.
• Coordinate the quoting, binding, and issuance process.
• Research and apply appropriate rates, coverages, and policy forms.
• Issue notices of cancellation, nonrenewal notices, or reinstatements.
• Develop and maintain superior relationships with underwriters, producers, brokers, and reinsurers.
• Maintain accurate file documentation in accordance with company guidelines.
• Develops and maintains agency and/or broker relationships with large producers within the assigned territory to reach positive and profitable outcomes on complex, high-risk business.
• Responsible for special underwriting projects and other duties as assigned.

Benefits

• Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them — and their family members — achieve their physical, financial, and emotional well-being goals.
• In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.

What This Job Offers

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