Underwriting Operations Specialist

Ryan Specialty•Richmond, VA

23h

About The Position

The Underwriting Operations Specialist is responsible for supporting policy processing and operations for complex underwriting transactions. This role requires working closely with underwriters and wholesalers, providing processing support through the policy lifecycle, including processing mid-term premium and non-premium bearing endorsements, and ensure compliance with underwriting policies and procedures.

Requirements

Bachelor’s degree with a preference in Risk Management or Business
3+ years of Commercial Property experience
Risk Assessment
Computer Proficiency
Regulatory Compliance
Knowledge of Underwriting Guidelines
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 policy documents.
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.