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Policy Processing Specialist

2 months ago

Richmond, Virginia, United States Ryan Specialty Full time
Job Summary

The Policy Processing Specialist is responsible for managing and processing insurance policies. This role involves reviewing applications for insurance, making policy endorsements, and maintaining accurate records of policy transactions. The specialist works closely with underwriters, brokers, and clients to ensure that policies are issued and modified according to company guidelines and legal requirements.

Key Responsibilities
  • Review and process insurance applications and policy endorsements.
  • Maintain accurate records of policy transactions.
  • Communicate with underwriters, brokers, and clients to resolve policy-related issues.
  • Ensure compliance with company guidelines and legal requirements related to policy issuance and modifications.
  • Assist in the development and implementation of policy processing procedures.
  • Provide excellent customer service to clients and brokers.
  • Participate in training and professional development opportunities.
  • Collaborate with team members to achieve departmental goals.
  • Stay updated on industry trends and regulations to ensure compliance.
Requirements
  • Bachelor's degree in Business Administration with 6 months to a year of related experience.
Preferred Qualifications
  • Certified Insurance Service Representative (CISR) is preferred.
Technical Skills
  • Insurance Industry Knowledge.
  • Data Entry.
  • Claims Policies and Procedures.
  • Insurance Regulatory Compliance.
  • Technical Documentation.
  • Knowledge of Underwriting Systems and Tools.
  • Insurance Policy Review.
Behavioral Skills
  • Effective Communication.
  • Interpersonal Skills.
  • Attention to Detail.
  • Decision Making.
  • Problem-Solving.
  • Continuous Learning.
About Ryan Specialty

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.

Benefits

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.

Compensation

The target salary range for this position is $62,000.00 - $81,375.00 annually. 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 base 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/.