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Senior Underwriter
| Company | Ryan Specialty |
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| Location | St Paul, MN, USA |
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| Salary | $78750 – $90000 |
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| Type | Full-Time |
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| Degrees | Bachelor’s |
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| Experience Level | Senior |
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Requirements
- Minimum of 8 years of experience in Binding Authority and Insurance Underwriting with a Bachelor’s degree, or 6 years of experience and a Master’s degree.
- Bachelor’s degree required, Master’s degree preferred; Business Administration, Risk Management preferred. Any other related discipline or commensurate work experience considered.
- Prescribed: Minimum requirements for state P&C and/or surplus line licenses.
Responsibilities
- Reviews and authorizes complex business submissions and new risks submitted by brokers, evaluates historical performance, and determines appropriate level of risk.
- Negotiates profitable binding terms while brokering complex risks to successfully negotiate a placement and delivers on underwriting targets.
- Determines the profitability of the premium amount and seeks to evaluate possibility of losses due to catastrophe or excessive insurance.
- Demonstrates understanding of binding authority underwriting guidelines, best practices and ensures compliance with regulatory and statutory policies and procedures.
- Creates, maintains, and updates the binding authority underwriting guidelines and examines and modifies policy language as needed.
- Develops strong, long-term relationships with brokers, agents, and fellow underwriters to deliver a profitable book of business.
- Develops and enhances understanding of taxation rules for different countries and ensures appropriate filing.
- Coaches new binding authority underwriters and enhances their technical expertise and insurance knowledge.
Preferred Qualifications
- Preferred: Certified Insurance Counselor (CIC), Chartered Property Casualty Underwriter (CPCU)
