Position Summary
As a Senior Underwriter, you are responsible for building a book of business, coaching and mentoring underwriters and underwriting assistants. The majority of this role will be spent analyzing and underwriting a $25-40M book of business for Commercial Lines which includes determining risk acceptability, pricing, underwriting guidelines, developing positive agency relationships within assigned territories, auditing underwriting files and accounts and improving on underwriting processes. In addition to the underwriting function of your role, you will serve as a front-line manager of Velocity, developing a team of Underwriters and Underwriter Trainees through proactive coaching and engagement in their daily performance to build their skills and proficiencies. You will partner with the department AVP’s and Head of MMB to proactively solution and present new ideas for better underwriting framework and product offerings.
What will your job entail?
Job Responsibilities:
- Underwriting knowledge – A strong foundational knowledge of best practices and underwriting strategy.
- Results-driven and Autonomous – Self-motivated to succeed and drive the business to succeed.
- Communication – able to communicate messages and goals clearly and effectively both downwards and upwards within the organization.
- Decision Quality – able to make good decisions under pressure related to both underwriting and people.
- Organized with a keen attention to detail – focused and attentive to correct data and pinpointing any inaccurate information quickly and efficiently.
- Excellent Relationship Management – Build impactful and beneficial relationships with partners both internally within the team and externally in the market.
- Multi-tasking – nimble and flexible with the ability to pivot between tasks and projects.
- Leadership – Able to develop talent through empowerment and coaching and lives the values of Velocity.
The core responsibilities of this role are…
- Underwriting a GWP $25-40M book of business
- Assist the Head of MMB in overseeing the underwriting functions of MMB.
- Partner with business units (Claims, Compliance, Operations) to prioritize projects, efficiencies and best practices for optimal underwriting and business performance.
- Lead a team of underwriters and underwriting assistants.
Work Experience and Education:
- Bachelor’s degree or equivalent industry experience
- 7+ years of commercial insurance experience
- Professional insurance designations a plus
- Previous management and leadership experience
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 $103,565.00 - $120,000.00 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.
