Position Summary
The Underwriting Operations Specialist provides technical rating and policy issuance support for routine to moderately complex transactions in underwriting. They work closely with agents, process mid-term premium and non-premium bearing endorsements, and ensure compliance with underwriting policies and procedures.
What will your job entail?
Job Responsibilities: • Provides support to underwriters, wholesalers, and other stakeholders regarding policy-related inquiries, issues or requests.
• Process and issue mid-term premium and endorsement transactions.
• Processes requests for policy cancellations or terminations, verifies cancellation reasons, calculates any applicable refunds or penalties, and updates policy records.
• Ensures all state-specific insurance requirements are satisfied with special forms, advance notice requirements, and special wording.
• Ensures all policy documents are accurately prepared and distributed to policy holders in a timely manner.
• Provides support to underwriters regarding policy subjectivities and inspection recommendation compliance.
• Updates and maintains policy data accurately in the company’s computer systems or databases by updating policy information as needed and ensures data integrity across various systems.
• Collaborates with other departments to ensure seamless coordination of policy – related activities and processes.
• Possess a good understanding of Commercial Property underwriting procedures and concepts. Stay updated with changes in underwriting guidelines and procedures.
Work Experience and Education: · Bachelor’s degree in Risk Management or Business with a minimum of 5 years of related experience. Licenses & Certifications: · Chartered Property Casualty Underwriter (CPCU), Associate in Commercial Underwriting (AU), Associate in Personal Insurance or Certified Insurance Counselor (CIC) or Associate in Risk Management (ARM) is preferred Technical/Functional Skills: · Risk Assessment · Computer Proficiency · Regulatory Compliance · Knowledge of Underwriting Guidelines · Documentation Skills Behavioral Skills: · Decision Making · Problem-Solving · Adaptability · Effective Communication · Continuous Learning · Teamwork
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 $78,050.00 - $80,000.00 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.
