Insurance Underwriter Trainee

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. The Underwriting 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.

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.
• 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.
• 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.

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 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. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards, visit our website  
 
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. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.