Position Summary
The Vice President, Property and Casualty Underwriting is responsible for developing underwriting strategies, policies and plans that grow the Property and Casualty business. The role collaborates with executive leadership to establish underwriting guidelines, policies, and procedures, ensures compliance with industry regulations, and optimizes risk management practices. They foster a culture of innovation, provide mentorship for talent development, and ensure a profitable underwriting approach.
What will your job entail?
Responsibilities:
- Develops underwriting policies and strategies in alignment with the company’s overall goals and objectives and provides leadership to property and casualty underwriting teams.
- Serves as the advisor for the executive leadership team, answers technical underwriting queries and inputs on strategic decisions that impact the underwriting business.
- Translates strategic vision into impactful financial results, ensuring the business contributes to the organizational success while meeting the key financial indicators.
- Partners with regional executives, underwriting teams, actuarial, legal and Claims teams to achieve long term strategic underwriting objectives.
- Oversees the development of new insurance products within the underwriting portfolio, leveraging market insights, customer needs, and emerging industry trends.
- Manages financial performance, develops and monitors budgets, analyzes financial reports, and implements strategies to achieve financial targets.
- Explores and implements technology solutions ensuring continuous improvement and increased efficiency. Drives underwriting excellence across the business by establishing and ensuring adherence to risk appetite, standards, and guidelines, and ensure rating and pricing adequacy.
- Fosters a culture that promotes collaboration, innovation, diversity, and inclusion, successfully conducts talent acquisition, employee engagement and performance monitoring.
- Liaises with regional managers and HR teams to implement tools and strategies that attract and retain top industry talent and develop high performing teams.
- Provides training and mentorship to less experienced staff, focusing on underwriting approaches, compliance, policy documentation, administration, and other best practices.
Work Experience:
- Minimum of 15 years of experience in Property and Casualty insurance underwriting with minimum of 7 years of management experience 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)
Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.
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 target salary range for this position is $200,000.00 - $250,000.00 annually.
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 https://benefits.ryansg.com/.
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 HR@Ryansg.com
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.