Position Summary
As the Senior Vice President and Head of Underwriting, you will lead our underwriting department, driving the strategic vision and operational execution of underwriting policies and procedures. You will be responsible for maintaining the integrity of our risk management framework while fostering innovation and efficiency within the team.
What will your job entail?
Job Responsibilities:
• Craft and execute underwriting strategies that align with the company’s risk appetite and financial objectives.
• Oversee the assessment and mitigation of risks associated with policy underwriting to ensure a balanced portfolio.
• Ensure all underwriting activities comply with regulatory requirements and internal policies.
• Lead, mentor, and develop a high-performing underwriting team, setting clear performance standards and accountability.
• Champion the use of innovative tools and practices to enhance the underwriting process and improve decision-making.
• Utilize data analytics to identify trends, forecast risks, and inform underwriting decisions.
• Collaborate with senior management, actuaries, and other stakeholders to align underwriting practices with broader business goals.
• Monitor and manage the underwriting portfolio to optimize profitability and growth.
• Continuously evaluate and refine underwriting processes for greater efficiency and effectiveness.
• Stay alongside industry changes, emerging risks, and competitive landscape to adjust underwriting practices proactively.
Work Experience and Education:
· Bachelor’s degree in Risk Management or Business with 18+ years of related experience.
· 10+ years of management experience
· Prior management experience with increasing responsibility in a risk management or similar role is often necessary
· Successful demonstrations during previous experience going outside an underwriting manual, using creative strategies to advance the practice of underwriting
Licenses & Certifications:
· Chartered Property Casualty Underwriter (CPCU), Associate in Commercial Underwriting (AU), Chartered Life Underwriter (CLU), Assoicate in Personal Insurance (API) or Associate in Reinsurance (ARe) is preferred
Technical/Functional Skills:
· Risk Assessment
· Financial Analysis
· Regulatory Compliance
· Data Analytics
· Underwriting Software
· Technical Writing
Behavioral Skills:
· Effective Communication
· Leadership
· Interpersonal Skills
· Adaptability
· Decision-Making
· Interpersonal Skills
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 $160,000.00 - $200,000.00 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.
