Underwriting Operations Specialist

Ryan Specialty•Richmond, VA

1d•$78,050 - $80,000

About The Position

The Underwriting Operations Specialist provides technical rating and policy issuance support for routine to moderately complex transactions in underwriting. They work closely with agents, process mid-term premium and non-premium bearing endorsements, and ensure compliance with underwriting policies and procedures. What will your job entail? Job Responsibilities:

Requirements

Bachelor’s degree with a preference in Risk Management or Business
3+ years of related experience
Risk Assessment
Computer Proficiency
Regulatory Compliance
Knowledge of Underwriting Guidelines
Documentation
Decision Making
Problem-Solving
Adaptability
Effective Communication
Continuous Learning
Teamwork

Nice To Haves

Chartered Property Casualty Underwriter (CPCU), Associate in Commercial Underwriting (AU), Associate in Personal Insurance or Certified Insurance Counselor (CIC) or Associate in Risk Management (ARM) is preferred

Responsibilities

Provides support to underwriters, wholesalers, and other stakeholders regarding policy-related inquiries, issues or requests.
Process and issue mid-term premium and endorsement transactions.
Processes requests for policy cancellations or terminations, verifies cancellation reasons, calculates any applicable refunds or penalties, and updates policy records.
Ensures all state-specific insurance requirements are satisfied with special forms, advance notice requirements, and special wording.
Ensures all policy documents are accurately prepared and distributed to policy holders in a timely manner.
Provides support to underwriters regarding policy subjectivities and inspection recommendation compliance.
Updates and maintains policy data accurately in the company’s computer systems or databases by updating policy information as needed and ensures data integrity across various systems.
Collaborates with other departments to ensure seamless coordination of policy – related activities and processes.
Possess a good understanding of Commercial Property underwriting procedures and concepts.
Stay updated with changes in underwriting guidelines and procedures.