Policy Binding & Underwriting Coordinator

Ryan Specialty; Charleston (SC); On-site; USD 36,000 - 47,000; Full time

Job summary

Ryan Specialty, through its RT Specialty division, is a leading wholesale distributor of specialty insurance products and services. The Binding Operations Coordinator role focuses on binding policies, ensuring adherence to underwriting guidelines and regulatory standards.

The position involves inputting information for underwriting applications, issuing policies, processing endorsements, and maintaining thorough records while coordinating between underwriters and brokers in a fast-paced

Qualifications

• Bachelor's degree required; Business Administration, Business Operations and Sales preferred.
• Minimum 1 year of work experience in Insurance Industry or Binding Underwriting or related field.
• Prescribed: Minimum requirements for state P&C and/or surplus line licenses; CIC preferred

Responsibilities

• Assists binding of insurance policies, ensuring accuracy and compliance with underwriting guidelines and regulatory requirements.
• Administers underwriting applications to rate, document and issue accurate and compliant policies.
• Assists with new business submissions per Binding Underwriter directions to prepare and market to carriers.
• Coordinates between Underwriters and brokers by replying to inquiries, obtaining quotes, and providing revised quotes as requested.
• Processes and issues policy endorsements, tracks cancellations and renewals, and maintains records of binding transactions.
• Communicates with clients to collect information and explain policy terms and conditions.
• Executes tasks for underwriters when they are unavailable and prepares reports on binding metrics and compliance

Education

Bachelor's degree in Business Administration, Business Operations or related field

Job description

Ryan Specialty, through its RT Specialty division, is a leading wholesale distributor of specialty insurance products and services. The Binding Operations Coordinator role focuses on binding policies, ensuring adherence to underwriting guidelines and regulatory standards.

The position involves inputting information for underwriting applications, issuing policies, processing endorsements, and maintaining thorough records while coordinating between underwriters and brokers in a fast-paced