Current jobs related to Commercial Underwriting Specialist - Jericho, New York - Ryan Specialty


  • Jericho, New York, United States Ryan Specialty Full time

    Job SummaryThe Underwriter - P&C Insurance Specialist is responsible for developing and maintaining a profitable book of business by assessing and analyzing insurance risks, determining coverage terms, and building relationships with internal and external stakeholders. This role involves reviewing and authorizing binding authority requests, ensuring...


  • Jericho, New York, United States Ryan Specialty Full time

    Job SummaryThe Binding Authority Underwriter is a key role within Ryan Specialty, responsible for developing and maintaining a profitable book of business by assessing and analyzing insurance risks, determining coverage terms, and building relationships with internal and external stakeholders.Key ResponsibilitiesReview and analyze renewal and new business...


  • Jericho, New York, United States American Global Co Full time

    As an Insurance Support Specialist at American Global Co, you will play a vital role in ensuring the efficient operation of our insurance team. Your responsibilities will include providing administrative support, handling confidential and time-sensitive materials, and effectively communicating with clients and underwriters. If you thrive in collaborative...


  • Jericho, New York, United States Webster Bank Full time

    At Webster Bank, we're committed to putting people first and helping individuals, families, businesses, and our colleagues achieve their financial goals.As a leading commercial bank, we remain passionate about serving our clients and supporting our communities.We're seeking a seasoned, experienced banker to join our team as a Managing Director, Relationship...


  • Jericho, New York, United States Stillwater Insurance Services, Inc. Full time

    Job SummaryWe are seeking a highly skilled Auto Casualty Claims Adjuster to join our team at Stillwater Insurance Group. As a key member of our claims team, you will be responsible for investigating and resolving auto, premises, and commercial liability claims in a timely and professional manner.The ideal candidate will have a strong background in claims...


  • Jericho, United States Webster Bank Full time

    Job Description If you're looking for a meaningful career, you'll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting...


  • Jericho, United States LHH Recruitment Solutions Full time

    Job DescriptionJob DescriptionLHH Recruitment Solutions is seeking a HYBRID Sales Account Manager for a 6 month contract position that could extend in Jericho, NY. This is for a logistics company with an excellent reputation. Responsibilities:Offer subject matter expertise and thought leadership to internal and external customer:Consult with clients based...

Commercial Underwriting Specialist

2 months ago


Jericho, New York, United States Ryan Specialty Full time
Job Summary

The Binding Authority Underwriter is a critical role within Ryan Specialty, responsible for developing and maintaining a profitable book of business by assessing and analyzing insurance risks, determining coverage terms as per binding authority underwriting guidelines, and building relationships with internal and external stakeholders.

Key Responsibilities
  • Risk Assessment and Analysis: Reviews and analyzes renewal and new business submissions, risks submitted by brokers, evaluates historical performance, and assists in the development of profitable binding terms as per underwriting guidelines.
  • Binding Authority Management: Applies binding authorities effectively while brokering risks to successfully negotiate a placement while delivering on underwriting targets.
  • Document Evaluation: Evaluates documents such as application forms, binders, inspection reports, etc. to determine the degree of risk and obtains further information as needed to establish premium amount.
  • Profitability Evaluation: Determines the profitability of the premium amount and seeks to evaluate possibility of losses due to catastrophe or excessive insurance.
  • Quality Underwriting Practice: Ensures quality underwriting practice by adhering to guidelines and procedures and meets high service standards for timely quoting, binding, and customer service.
  • Compliance and Regulatory Knowledge: Demonstrates knowledge of binding authority underwriting guidelines and best practices and ensures compliance with regulatory and statutory policies and procedures.
  • Relationship Building: Develops strong, long-term relationships with brokers, agents, and fellow underwriters to add to a profitable book of business.
  • Opportunity Identification: Identifies opportunities to optimize premium coverage and monitors previous losses and actions on coverage gaps and/or opportunities impacting profitability, leveraging knowledge of all markets.
  • Knowledge Transfer: Develops the underwriting associates by providing technical knowledge transfer for them to successfully carry out operational tasks and enhances their business communication skills.
Requirements
  • Work Experience: Minimum of 5 years of experience in Binding Authority and Insurance Underwriting with a Bachelor's degree, or 3 years of experience and a Master's degree.
  • Education: Bachelor's degree required, Master's degree preferred; Business Administration, Risk Management preferred. Any other related discipline or commensurate work experience considered.
  • Licenses and Certifications: Prescribed: Minimum requirements for state P&C and/or surplus line licenses. Preferred: Certified Insurance Counselor (CIC), Chartered Property Casualty Underwriter (CPCU).