Underwriting Operations Specialist

Underwriting Operations Specialist

The Underwriting Operations Specialist provides technical rating and policy issuance support for routine to moderately complex transactions in underwriting. They work closely with agents, process mid-term premium and non-premium bearing endorsements, and ensure compliance with underwriting policies and procedures.

Job Responsibilities

Provides support to underwriters, wholesalers, and other stakeholders regarding policy-related inquiries, issues or requests.

Process and issue mid-term premium and endorsement transactions.

Processes requests for policy cancellations or terminations, verifies cancellation reasons, calculates any applicable refunds or penalties, and updates policy records.

Ensures all state-specific insurance requirements are satisfied with special forms, advance notice requirements, and special wording.

Ensures all policy documents are accurately prepared and distributed to policy holders in a timely manner.

Provides support to underwriters regarding policy subjectivities and inspection recommendation compliance.

Updates and maintains policy data accurately in the company's computer systems or databases by updating policy information as needed and ensures data integrity across various systems.

Collaborates with other departments to ensure seamless coordination of policy-related activities and processes.

Possess a good understanding of Commercial Property underwriting procedures and concepts. Stay updated with changes in underwriting guidelines and procedures.

Work Experience and Education

Bachelor's degree in Risk Management or Business with a minimum of 5 years of related experience.

Licenses & Certifications : Chartered Property Casualty Underwriter (CPCU), Associate in Commercial Underwriting (AU), Associate in Personal Insurance or Certified Insurance Counselor (CIC) or Associate in Risk Management (ARM) is preferred.

Technical / Functional Skills : Risk Assessment Computer Proficiency Regulatory Compliance Knowledge of Underwriting Guidelines Documentation Skills

Behavioral Skills : Decision Making Problem-Solving Adaptability Effective Communication Continuous Learning Teamwork

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, 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.