Binding Authority Underwriter Associate - Risk & Quoting

Ryan Specialty, LLC; Austin (TX); On-site; USD 60,000 - 75,000; Full time

Job summary

Ryan Specialty, LLC, a leading wholesale distributor of specialty insurance products and services, is seeking an Underwriting Associate to support the underwriter by assessing applications, analyzing risk, and ensuring compliance with guidelines.

You will collaborate with multiple departments, gather information, coordinate quoting, binding, and issuance, and help maintain accurate files. A Bachelor's degree and 1+ year underwriting experience are required; AIS and licensing are preferred.

Qualifications

• Bachelor's degree required; Business Administration or related discipline preferred.
• 1+ year related underwriting experience or in a similar role.
• Advanced analytical and problem-solving skills.
• Strong knowledge of insurance and underwriting principles.

Responsibilities

• Performs a combination of duties in accordance with departmental guidelines.
• Analyzes quality, quantity, and profitability of highly complex risks underwritten; prepares and presents reports to management.
• Review submission information with the underwriter including analysis of account information.
• Coordinate the quoting, binding, and issuance process.
• Research and apply appropriate rates, coverages, and policy forms.
• Issue notices of cancellation, nonrenewal notices, or reinstatements.
• Develop and maintain superior relationships with underwriters, producers, brokers, and reinsurers.
• Maintain accurate file documentation in accordance with company guidelines.
• Develops and maintains agency and/or broker relationships with large producers within the assigned territory to reach positive and profitable outcomes on complex, high-risk business.
• Responsible for special underwriting projects and other duties as assigned.

Skills

Underwriting Principles

Insurance Regulations

Analytical

Risk Evaluation

Guidance Adherence

Collaboration

Documentation

Data Analysis

Education

Bachelor's degree in Business Administration or related field

1+ year related underwriting experience

Job description

Ryan Specialty, LLC, a leading wholesale distributor of specialty insurance products and services, is seeking an Underwriting Associate to support the underwriter by assessing applications, analyzing risk, and ensuring compliance with guidelines.

You will collaborate with multiple departments, gather information, coordinate quoting, binding, and issuance, and help maintain accurate files. A Bachelor's degree and 1+ year underwriting experience are required; AIS and licensing are preferred.