Position Summary
The Senior Underwriting Operations Specialist plays a pivotal role in managing underwriting processes, ensuring efficiency, accuracy, and compliance. They collaborate with cross-functional teams, analyze risk data, and contribute to strategic decision-making. This position requires strong technical skills, attention to detail, and excellent communication.
What will your job entail?
Job Responsibilities:
· Provide leadership and guidance to junior underwriters and other staff members.
· Develop and implement underwriting strategies to achieve business objectives.
· Develop and update underwriting policies and procedures.
· Oversee the risk assessment process and make final underwriting decisions on complex cases.
· Conduct training programs for underwriting staff and ensure their professional development.
· Identify and implement process improvements to enhance efficiency and effectiveness of underwriting operations.
· Communicate effectively with stakeholders, including brokers, agents, and clients, to maintain strong relationships.
· Oversee compliance with all relevant laws, regulations, and company policies.
· Monitor and evaluate the performance of the underwriting team and take corrective actions when necessary.
· Analyze market trends and competitor activities to inform underwriting strategies.
Work Experience and Education:
· Bachelor’s degree in Risk Management or Business with 8+ years of experience; or Master’s degree with 6+ years of experience; or PhD with 3+ years of experience or equivalent experience
Licenses & Certifications:
· Chartered Property Casualty Underwriter (CPCU), Associate in Commercial Underwriting (AU) or Associate in Risk Management (ARM) is preferred
Technical/Functional Skills:
· Underwriting Software
· Risk Assessment
· Data Analytics
· Regulatory Knowledge
· Leadership
· Technical Proficiency
Behavioral Skills:
· Effective Communication
· Adaptability
· Decision-Making
· Collaboration
· Attention to Detail
· Analytical Thinking
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 $120,000.00 - $150,000.00 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.
