Senior Underwriting Operations Specialist

3 weeks ago


Chicago, Illinois, United States Ryan Specialty Full time
Job Summary

The Senior Underwriting Operations Specialist will support the underwriting team by providing efficient and high-quality underwriting administration services. This role will work closely with the underwriting team to ensure the highest quality of service, monitor data, and ensure timely and complete documentation of files.

Key Responsibilities
  • Process midterm endorsements and cancellations, invoicing, monthly reporting, and provide support to underwriters and brokers throughout the policy lifecycle.
  • Work with a supporting team of Operations and Outsource team members to ensure all service level agreements are met and all processing work is processed accurately and efficiently.
  • Prepare and coordinate all transactions and internal processing for multiple products, including binder preparation support, invoices, complex policies, and endorsements.
  • Drive the renewal process by ensuring the review and approval of renewing policies by the underwriters and system setup of renewals by Operations support team.
  • Process Broker of Record (BORs) letters and communicate effectively with underwriters and brokers to secure the necessary information to accurately process the business.
  • Support finance, systems, data, and actuarial teams in ad-hoc tasks and assist with onboarding new hires and/or act as a mentor for Operations Technical Specialists colleagues.
  • Assist in the design and implementation of back-office operations and workflows and ensure all work is processed according to Service Level Agreements.
Requirements
  • 5-10 years' experience in the insurance industry.
  • Prior experience with Specialty Property & Casualty lines of business.
  • Experience with Salesforce, Subscribe, IMS, and ODEN Policy Terminator a plus.
  • Strong computer and typing skills.
  • Proficient knowledge of Microsoft Suite applications, including Word, Excel, and PowerPoint.
  • Excellent written and verbal communication skills.
  • Focused eye for detail and accuracy.
  • Strong time management and organizational skills.
  • Desire to work as part of a team in a collaborative environment.
  • Bachelor's Degree in a business-related or similar discipline.
About Ryan Specialty

Ryan Specialty is an Equal Opportunity Employer 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.

We seek to offer our employees a comprehensive and best-in-class benefits package that helps them achieve their physical, financial, and emotional well-being goals.

The target salary range for this position is $62,375.00 to $81,375.00 annually, and full-time roles are eligible for bonuses and benefits.



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