Underwriter

Locations: New York - New York - 1166 Ave of Americas, Atlanta - Georgia - Glenridge Drive, Chicago - Illinois - Madison

Posted On: Posted 3 Days Ago

Job Requisition ID: JR24-1010

Position Summary

The Property and Casualty Underwriter is responsible for managing a portfolio of accounts and driving new and renewal business opportunities for Property and Casualty insurance. The role assesses risks associated with insuring properties and liabilities, evaluates applications, analyzes data, and determines coverage terms and premiums to ensure sound underwriting decisions. They develop and maintain underwriting practices and guidelines as per delegated authority and build relationships with brokers and other stakeholders in the designated portfolio.

What will your job entail?

1. Underwrites new and renewal property and casualty business, analyzes policy forms, broker endorsement requests, and submitted documentation as per company underwriting standards and guidelines and obtains additional information as needed.
2. Determines whether to accept, modify or decline a risk through evaluation of the coverage value, location, usage, safety features, and other factors pertinent to the decision.
3. Determines appropriate coverage limits and insurance premiums, policy terms and conditions based on risk assessment and underwriting guidelines and ensures active portfolio management of property and casualty accounts.
4. Delivers services for new property and casualty business and renewals while demonstrating professionalism, technical knowledge, and adherence to underwriting guidelines.
5. Examines, identifies, and evaluates exposures and ensures compliance with state and country laws and guidelines established by carriers and the organization.
6. Provides premium forecasts and business plans to support budget and performance targets.
7. Maintains existing broker relationships and collaborates across teams to manage production activities such as submissions, quotes, declines, binds, issuance to provide accurate, timely, and quality service to clients.
8. Builds professional, long-term relationships in the designated portfolio and as per delegated authority limits and partners with brokers to create customized insurance solutions as needed to service a client.
9. Creates opportunities for new business, maximizes retention of assigned portfolio and ensures timely review of renewal business to achieve business targets.
10. Executes marketing activities, attends seminars and training, and stays abreast on market dynamics and property and casualty underwriting trends.
11. Stays informed about industry trends, emerging risks in the property and casualty sector, terminology, regulations and adjusts underwriting strategies accordingly.

Work Experience:

Minimum of 5 years of experience in Property and Casualty Underwriting with a Bachelor’s degree or 3 years and a Master’s degree is preferred.

Education:

Bachelor’s degree required, Master’s degree preferred; Risk Management, Actuarial and Business Administration preferred. Any other related discipline or commensurate work experience considered.

Licenses & Certifications:

Prescribed: Minimum requirements for state P&C and/or surplus line licenses. Preferred: Chartered Property Casualty Underwriter (CPCU).

How We Support Our Teammates

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.

The wage range for this role considers many factors, such as training, transferable skills, work experience, licensure and certification, business needs, and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards, visit our website here .

We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. Please contact us to request an accommodation at .

The above is intended to describe this job's general requirements. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Ryan Specialty is a leading international specialty insurance firm which offers wholesale brokerage services, delegated underwriting expertise in the form of binding authorities, programs and highly specialized managing general underwriting companies, and other services designed specifically for brokers, agents and insurers. Ryan Specialty’s mission is to be the most trusted trading partner of insurance brokers, agents and insurance carriers.

Ryan Specialty, LLC and its affiliates (“Ryan Specialty”) do not accept unsolicited resumes or candidate profiles submitted by any staffing agencies, placement services, or professional recruiters (“Agencies”), including any submissions made through our website or to email accounts of Ryan Specialty employees. Agencies must obtain advance written approval from Ryan Specialty’s HR department to submit resumes and candidate profiles, and then only in conjunction with a valid, fully executed contract for service and in response to the particular search for which Ryan Specialty has engaged such Agency. Agency fee agreements will only be valid if in writing and signed by a member of Ryan Specialty’s HR team. No other Ryan Specialty employee is authorized to bind Ryan Specialty to any agreement regarding placement of candidates by any Agency. Any unsolicited resume or candidate profile received from an Agency without prior approval from Ryan Specialty’s HR department and in compliance with Ryan Specialty’s candidate submission process shall be considered unsolicited, gratuitous and property of Ryan Specialty for recruiting purposes and, as such, is not subject to payment of any Agency fees.