Ryansg · Bloomfield -, CTPrepare for this interview
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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 Underwriting Associate is responsible for supporting the underwriter in the decision-making process by assessing and analyzing underwriting applications and forms. The role reviews applicant information, evaluates risk factors, and ensures compliance with underwriting guidelines. They collaborate with various departments to gather necessary information, conduct data analysis, and contribute to the overall risk assessment process. What will your job entail? Job 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. Work Experience and Education: - Bachelor's degree required, Business Administration, Risk Management preferred. Any other related discipline or commensurate work experience considered. - 1+ year related experience or in a similar role. - Advanced analytical and problem-solving skills, with the ability to manage and prioritize multiple projects. - Advanced technical expertise, underwriting skill and high level of knowledge of insurance and underwriting principles, practices and procedures. Licenses & Certifications: - Prescribed: Minimum requirements for state P&C and/or surplus line licenses - Preferred: Associate in Insurance Services (AIS)
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