Position Summary
The Binding Operations Coordinator is responsible for the binding process of insurance policies, ensuring adherence to underwriting guidelines and The Connector Binding Operations Coordinator is a pivotal role within the RT Connector support team environment, focusing on the efficient and quality-driven management of binding operations. This individual is responsible for overseeing the binding process, ensuring that all printed materials are finished to the highest standards and meet customer specifications.
RT Connector allows retail insurance agents to efficiently access multiple lines of coverage from multiple carriers for their E&S small commercial business. Through one single, streamlined application, RT Connector offers bindable quotes from multiple carriers and will issue policies with the click of a button.
What will your job entail?
Job Responsibilities:
- Assists the process of binding insurance policies, ensuring accuracy and compliance with binding underwriting guidelines and regulatory requirements.
- Evaluates renewals, new business and endorsements according to guidelines outlined in the business requirements documents and within their authority level.
- Manages underwriting applications with the information necessary to rate, document and issue accurate and compliant policies.
- Reviews and processes policy endorsements, including changes to coverage, limits, or policy
- Establishes and maintains effective communication with carrier partners and utilizes carrier systems to access, and manage data ensuring accurate and timely processing of tasks
- Review inspection reports to assess risk quality and to confirm exposure base accuracy.
- Maintains comprehensive and organized records of all binding transactions and related documentation, including policy details, endorsements, and client information.
- Communicates with clients to collect required information, explains policy terms and conditions, and addresses any questions or concerns related to the binding process.
- Executes the work assigned by the Connector activity workgroup in the standard service timeline.
- Collaborate with other underwriting team members, Support, and Product Managers to gain a comprehensive understanding of the Connector processes and workflows.
- Provides feedback to internal team members regarding trends and efficiency opportunities
- Assists the Connector team with any ad hoc tasks and special requests as needed
Work Experience:
- Minimum of -1-3 years of work experience in Insurance Industry or Binding Underwriting.
- Preferred experience in Property, Professional Lines, Cyber Liability or Workers Compensation insurance in Excess & Surplus Lines
- Preferred experience as an Underwriter Assistant
Education:
- Bachelor's degree preferred but not required; Risk Management and Insurance Business Administration, Business Operations and Sales preferred.
- Any other related discipline or commensurate work experience considered.
Licenses & Certifications:
- Preferred: Active designation from Risk & Insurance Education Alliance or The Institutes
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 hourly rate range for this position is $25.00 - $31.25 per hour.
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.
