Underwriter Trainee Velocity Risk
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Job Location:
Chicago, IL - USA
Hourly Salary:
$ 19 - 24
Posted on:
23-10-2025
Vacancies:
1 Vacancy
Job Summary
Position Summary
Ryan Specialty is hiring for Underwriter Trainees/Assistants to join our Velocity Risk! Velocity Risk is a distinctive managing general underwriter (MGU) specializing in E&S insurance for the US specialty commercial property market. TheUnderwriting Trainee/Assistant roles are responsible for assisting and supporting underwriters with quoting rating and issuance of new business quotes renewals and endorsements. This position also responds to problem situations from brokers and performs customer service tasks.What will your job entail
Job Responsibilities:
Support all steps of the underwriting process in conjunction with the underwriting operations function.
Liaise with Underwriters and Operations team to confirm quotes policy issuance instructions for policies endorsements forms notices etc. and effectively complete coding/issuance of Ryan Specialty business.
Following up for additional information from brokers
Identify proper forms and endorsements issued to quote submissions and policy issuance in tandem with Underwriters.
Run reports for management or as directed by Underwriters including exposure data loss runs broker submissions declinations and other ad hoc requests.
Assist underwriters with new business initiatives and customer events.
Track premium due and assist underwriters in calculating premium amounts resolving premium discrepancies and issuing invoices.
Ensure all parts of the Underwriting workflow are completed both accurately and on time.
Participating in peer review and quality control for team(s) as needed
Working on special projects as needed
Work Experience and Education:
BA/BS degree in Business or Risk Management.
6 Months to 1 year of experience in related field or similar role.
Extensive knowledge of insurance and policy issuance systems.
Excellent written and oral communication skills.
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 $19.00 - $24.00 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.
Required Experience:
Intern
Key Skills
- Loan Processing
- Computer Skills
- Fraud
- Math
- Banking
- Pricing
- Analysis Skills
- Fair Housing Regulations
- Underwriting
- Financial Analysis
- negotiation
- Phone Etiquette
