Property Underwriting Associate - Hybrid Chicago Growth Path

Ryan Specialty Group; Chicago (IL); Hybrid; USD 64,000 - 80,000; Full time

Benefits offered by this job

Paid time off

Paid parental leave

Mental health services

Bonuses

Job summary

Velocity Risk in Chicago is seeking an early-career insurance professional to join our Property Underwriting team as an Underwriting Assistant. You will collaborate with seasoned underwriters to evaluate property risks, support new and renewal business, and learn risk selection, pricing, coverage, and Velocity’s underwriting appetite.

This role offers hands-on underwriting exposure and increasing responsibility as knowledge grows, in a hybrid schedule from our Wacker Drive office.

Qualifications

• Bachelor’s degree or equivalent relevant insurance experience preferred.
• 1–2 years property underwriting experience is a plus for career growth.
• Keen interest in developing technical underwriting knowledge and building a long-term underwriting career.

Responsibilities

• Support the evaluation of new and renewal property submissions, ensuring underwriting information is complete and accurate.
• Review submission information and exposure data to identify key risk characteristics for underwriting review.
• Assist underwriters with risk selection, pricing, quoting, binding, endorsements, renewals, and policy issuance.
• Gather and organize information from brokers and partners needed to evaluate submissions.
• Maintain underwriting files, documentation, and system information throughout an account's lifecycle.
• Communicate with brokers and partners regarding submissions, documentation, and inquiries.
• Build relationships with brokers and internal partners and provide responsive, solutions-oriented service.
• Monitor underwriting activity and assist with reporting and portfolio information.

Skills

Analytical skills

Written and verbal communication

Detail-oriented

Organized

Education

Bachelor's degree in Risk Management & Insurance, Finance, Business, Economics, or related discipline

Job description

Velocity Risk in Chicago is seeking an early-career insurance professional to join our Property Underwriting team as an Underwriting Assistant. You will collaborate with seasoned underwriters to evaluate property risks, support new and renewal business, and learn risk selection, pricing, coverage, and Velocity’s underwriting appetite.

This role offers hands-on underwriting exposure and increasing responsibility as knowledge grows, in a hybrid schedule from our Wacker Drive office.