Position Summary

RT Binding Authority (RT Binding), a division of Ryan Specialty is one of the largest binding authority platforms in the nation and an industry leader providing insurance agents and brokers with specialty coverage solutions. We have experienced underwriting teams that take pride in swiftly delivering personalized, expert E&S coverage for small- and mid-sized accounts.

The Binding Authority Underwriter is responsible for developing and maintaining the book of business by assessing and analyzing insurance risks, determining coverage terms as per binding authority underwriting guidelines and building relationships with internal and external stakeholders. The role reviews and authorizes binding authority requests and ensures compliance with regulatory standards. They collaborate with brokers, negotiate terms, evaluate exposures, and establish premium rates.

Location: This role will be hybrid and will report to our local office in Roseville, CA 4-5 days per week. Remote opportunity will be available for the right individual if located otherwise.

What will your job entail?

Assess and price renewals, new business, and endorsements according to guidelines outlined in the underwriting manual and within their authority level
Select and/or verify class code and premium base and rating exposure
Determine appropriate credits and/or debits to obtain a fair and sustained premium for risk
Determine coverage forms and necessary endorsements
Effectively communicate to broker quote conditions
Provide accurate documentation in the file and/or in electronic notes of underwriting thought process
Ensure timely and accurate preparation for issuance of policies.
Order/review inspection reports to assess risk quality and to confirm exposure base accuracy
Accurate and timely processing of endorsements
Actively manage relationships with assigned brokers, customers, and members
Ensure that information available from internal and external resources is properly integrated into underwriting decision making
Ensure that referral guidelines are properly followed regarding all lines of business underwritten
Conduct stewardship meetings and leads marketing activities. Establish and monitor the production pipeline of new business. Participate in industry conferences
Drive a multi-disciplinary approach to understanding insureds’ risks. Collaborate with other underwriters and team members to gain a comprehensive understanding of the exposure and best means to provide coverage.

What will you bring?

Bachelor’s degree required, Master’s degree preferred; Business Administration, Risk Management preferred. Any other related discipline or commensurate work experience considered
Minimum of 3- 5 years of experience in Binding Authority and Insurance Underwriting
Comfortability making sound underwriting decisions independently
A growth oriented and team focused mindset
Preferred: Commercial lines brokerage underwriting experience, with a heavy focus on renewal business

Licenses & Certifications

Required: Active Property and Casualty License

Technical/Functional Skills

Risk Evaluation
Guidance Adherence
Documentation
Marketing
Portfolio Management
Policy language
Data Analysis
Ability to maintain consistent communication and work both collaboratively with your team, as well as autonomously
Team player and proactive approach in owning their work

Behavioral Skills

Project Management
Group Presentations
Time Management
Event Marketing

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.

How We Support Our Teammates

Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them — and their family members — achieve their physical, financial, and emotional well-being goals. In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.

The target salary range for this position is $78,750.00 - $90,000.00 annually.

The wage range for this role considers many factors, such as training, transferable skills, work experience, licensure and certification, business needs, and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/.

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. Please contact us to request an accommodation at HR@Ryansg.com

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.

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