Policy Processing Specialist

1 day ago

Farmington, Connecticut, United States Ryan Specialty Full time
Job Summary

The Policy Processing Representative is responsible for efficiently processing policy-related transactions, ensuring accuracy and compliance with company policies and regulatory requirements. This role involves reviewing and verifying policy applications, endorsements, and cancellations, inputting data accurately into computer systems, and issuing policy documents to clients. The representative will handle inquiries from policyholders, agents, and other stakeholders, providing timely and accurate information on policy-related matters. They will also assist with underwriting tasks, such as assessing risk factors and calculating premiums.

Key Responsibilities

• Accurately process new business submissions in a timely manner with attention to detail.

• Populate underwriting applications with necessary information to rate, document, and issue accurate and compliant policies.

• Bind and issue new and renewal commercial insurance policies, process endorsements, cancellations, and reinstatements.

• Troubleshoot booking and accounting issues or discrepancies.

• Communicate effectively with management, underwriters, and brokers to secure necessary information to accurately process business.

• Provide timely and efficient service to all internal and external customers, including underwriters and brokers.

• Create and distribute routine and ad-hoc reports as assigned.

• Participate in or handle special projects as needed.

Requirements

• BA/BS degree preferred, business and/or technology-related degree a plus.

• 1-3 years of experience in an office environment, insurance experience, and experience with core business systems and applications preferred.

• Intermediate to advanced MS Office Excel and Word skills required, SQL knowledge a plus.

• Excellent verbal and written communication skills.

• Attention to detail, accuracy, and data integrity.

• Strong organizational and time management skills.

• Ability to maintain standards of quality and quantity of output as established by management.

• Desire and drive to foster teamwork in a collaborative environment.

• Ability to work well within a team and to continually learn in a fast-paced and constantly changing environment.

Benefits

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 hourly rate range for this position is $20.45 - $25.00 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 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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