Underwriting Assistant
Underwriting Assistant
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Job Description
Position Summary
The Underwriting Assistant is responsible for assisting in underwriting of new and renewal business in accordance with underwriting guidelines relevant underwriting authority and Ryan Specialty principles. The role processes submissions for insurance coverage by evaluating risks communicates with insurance carriers agents and brokers reviews and submitted endorsement requests and prepares underwriting reports for clients carriers and senior management.What will your job entail
Job Responsibilities:
Assists the process of binding insurance policies ensuring accuracy and compliance with binding underwriting guidelines and regulatory requirements.
Administers underwriting applications with the information necessary to rate document and issue accurate and compliant policies.
Assists with new business submission with directions from the Binding Underwriter to prepare and market to carrier.
Coordinates between Underwriters and brokers by responding to inquiries works with brokers to obtain information needed to quote and provides revised quotes as requested.
Processes and issues policy endorsements including changes to coverage limits or policy terms ensuring accuracy and timely implementation and tracks cancellation notifications non-renewal and renewal solicitation notifications.
Maintains comprehensive and organized records of all binding transactions and related documentation including policy details endorsements and client information.
Communicates with clients to collect required information explains policy terms and conditions and addresses any questions or concerns related to the binding process.
Executes the work assigned by underwriters and underwriting assistants when they are out of the office or otherwise unavailable.
Prepares reports related to policy binding metrics performance and compliance providing insights for process improvement.
Work Experience:
Minimum of 1 year of work experience in Insurance Industry or Binding Underwriting or related field.
Education:
Bachelors degree preferred but not required
***Remote out of San Diego CA
Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the 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 expressionsexual orientation and many other characteristics bring together varied perspectives and add value to the service we provide our clients trading partnersand 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 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 hourly rate range for this position is $26.00 - $33.65 per hour.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 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
The above is intended to describe this jobs general requirements. It is not to be construed as an exhaustive statement of duties responsibilities or physical requirements. Nothing in this job description restricts managements 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.
Employment Type
Full-Time
