Binding Operations Coordinator

RT Specialty; Fresno (CA); On-site; USD 33,062 - 41,328; Full time

Benefits offered by this job

Paid time off

Paid parental leave

Mental health services

Bonuses

Job summary

RT Specialty in Fresno, California, is looking for a Binding Operations Coordinator responsible for the binding process of insurance policies. The role includes ensuring adherence to underwriting guidelines, responding to underwriter inquiries, and maintaining organized records of transactions.

The ideal candidate must have at least one year of experience in the insurance industry and a bachelor's degree. The position offers a competitive hourly rate between $24.00 and $30.00, along with benefits and bonuses for full-time roles.

Qualifications

• Minimum of 1 year of work experience in the Insurance Industry or related field.
• Bachelor’s degree required; Business Administration or related discipline preferred.
• Licenses: Minimum state P&C or surplus line licenses required.

Responsibilities

• Assist the binding process of insurance policies to ensure compliance.
• Input necessary information into underwriting applications.
• Coordinate with underwriters and brokers for quoting and policy issuance.

Skills

Insurance Industry experience

Attention to detail

Communication skills

Education

Bachelor's degree in Business Administration or related field

Job description

RT Specialty, a division of Ryan Specialty, is a leading wholesale distributor of specialty insurance products and services. Our experienced brokers are specialized in property, casualty, professional lines, transportation and workers’ compensation, providing creative solutions to retail brokerage firms. We define ourselves through our superior execution on behalf of our clients, which has established us as a leader in the industry.

Position Summary

The Binding Operations Coordinator is responsible for the binding process of insurance policies, ensuring adherence to underwriting guidelines and regulatory standards. The role includes inputting necessary information into underwriting applications for accurate policy rating, documentation, and issuance. They act as a liaison between underwriters and brokers, responding to inquiries, collecting information for quoting, and providing revised quotes. They also serve as backup for underwriters and underwriting assistants during their absence.

Job Responsibilities

• Assist the process of binding insurance policies, ensuring accuracy and compliance with binding underwriting guidelines and regulatory requirements.
• Administer underwriting applications with the information necessary to rate, document and issue accurate and compliant policies.
• Assist with new business submission with directions from the Binding Underwriter to prepare and market to carrier.
• Coordinate between Underwriters and brokers by responding to inquiries, working with brokers to obtain information needed to quote, and providing revised quotes as requested.
• Process and issue policy endorsements, including changes to coverage, limits, or policy terms, ensuring accuracy and timely implementation; track cancellation notifications, non-renewal, and renewal solicitation notifications.
• Maintain comprehensive and organized records of all binding transactions and related documentation, including policy details, endorsements, and client information.
• Communicate with clients to collect required information, explain policy terms and conditions, and address any questions or concerns related to the binding process.
• Execute the work assigned by underwriters and underwriting assistants when they are out of the office or otherwise unavailable.
• Prepare reports related to policy binding metrics, performance, and compliance, providing insights for process improvement.

Qualifications

• Minimum of 1 year of work experience in the Insurance Industry or Binding Underwriting or related field.
• Bachelor’s degree required; Business Administration, Business Operations and Sales preferred. Any other related discipline or commensurate work experience considered.
• Licenses & Certifications: Minimum state P&C and/or surplus line licenses required; Certified Insurance Counselor (CIC) preferred.

Benefits & Compensation

The target hourly rate range for this position is $24.00 – $30.00 per hour. Full‑time roles are eligible for bonuses and benefits. In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more. 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.

Equal Opportunity Employer

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.

Disclaimer

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.