Broker Assistant

Ryan Specialty; Philadelphia (Philadelphia County); On-site; USD 60,000 - 80,000; Full time

Job summary

An established industry player seeks a Binding Operations Coordinator to oversee the binding process of insurance policies. This pivotal role requires ensuring compliance with underwriting guidelines while acting as a liaison between underwriters and brokers. You'll manage underwriting applications and provide revised quotes, contributing to a seamless insurance experience. With comprehensive benefits and a commitment to diversity and inclusion, this company values every employee's contribution. If you have a passion for the insurance field and a knack for client communication, this is your opportunity to thrive in a supportive environment.

Benefits

Paid Holidays

Vacation

Sick Leave

Parental Leave

Mental Health Services

Qualifications

• Minimum 1 year in Insurance, Binding Underwriting, or related field.
• Bachelor’s degree required; preferred in Business Administration.

Responsibilities

• Assist in binding insurance policies, ensuring accuracy and compliance.
• Manage underwriting applications for proper rating and documentation.
• Coordinate with underwriters and brokers, respond to inquiries.

Skills

Insurance Knowledge

Underwriting Guidelines Compliance

Client Communication

Documentation Management

Education

Bachelor’s degree in Business Administration

Equivalent work experience

Job description

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.

What will your job entail?

Job Responsibilities:

1. Assist in binding insurance policies, ensuring accuracy and compliance with underwriting guidelines and regulations.
2. Manage underwriting applications for proper rating, documentation, and policy issuance.
3. Support new business submissions under the guidance of the Binding Underwriter for carrier marketing.
4. Coordinate with underwriters and brokers, respond to inquiries, and provide revised quotes as needed.
5. Process and issue policy endorsements, track cancellations, non-renewals, and renewals.
6. Maintain organized records of all binding transactions and related documentation.
7. Communicate with clients to gather information, explain policy terms, and address questions.
8. Perform tasks assigned by underwriters and assistants during their absence.
9. Prepare reports on binding metrics, performance, and compliance for process improvements.

Work Experience:

Minimum 1 year in Insurance, Binding Underwriting, or related field.

Education:

Bachelor’s degree required; preferred in Business Administration, Business Operations, or Sales. Equivalent work experience considered.

Licenses & Certifications:

• Required: State P&C and/or surplus line licenses.
• Preferred: Certified Insurance Counselor (CIC).

Ryan Specialty is an Equal Opportunity Employer committed to diversity and inclusion. We value varied perspectives and are dedicated to an inclusive workplace where all employees are valued and evaluated on their contributions. Our policies extend to all employment practices, including recruiting, hiring, and benefits.

How We Support Our Teammates

We offer comprehensive benefits to support our employees’ physical, financial, and emotional well-being, including paid holidays, vacation, sick leave, parental leave, mental health services, and more.

The target hourly rate range is $25.00 - $31.25. This range considers factors such as experience, licensure, and market conditions. Full-time roles are eligible for bonuses and benefits. For more details, visit our benefits website.

We provide reasonable accommodations for individuals with disabilities during the application and employment process. To request an accommodation, contact [e-mail].

This description outlines the general requirements and is not exhaustive. Management may assign additional duties as needed. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.