Property and Casualty Underwriter
Position Summary:
The Property and Casualty Underwriter is responsible for managing a portfolio of accounts and driving new and renewal business opportunities for Property and Casualty insurance. The role assesses risks associated with insuring properties and liabilities, evaluates applications, analyzes data, and determines coverage terms and premiums to ensure sound underwriting decisions. They develop and maintain underwriting practices and guidelines as per delegated authority and build relationships with brokers and other stakeholders in the designated portfolio.
Location: Remote - California
What will your job entail?
- Underwrites new and renewal property and casualty business, analyzes policy forms, broker endorsement requests, and submitted documentation as per company underwriting standards and guidelines and obtains additional information as needed.
- Determines whether to accept, modify or decline a risk through evaluation of the coverage value, location, usage, safety features, and other factors pertinent to the decision.
- Determines appropriate coverage limits and insurance premiums, policy terms and conditions based on risk assessment and underwriting guidelines and ensures active portfolio management of property and casualty accounts.
- Delivers services for new property and casualty business and renewals while demonstrating professionalism, technical knowledge, and adherence to underwriting guidelines.
- Examines, identifies, and evaluates exposures and ensures compliance with state and country laws and guidelines established by carriers and the organization.
- Provides premium forecasts and business plans to support budget and performance targets.
- Maintains existing broker relationships and collaborates across teams to manage production activities such as submissions, quotes, declines, binds, issuance to provide accurate, timely, and quality service to clients.
- Builds professional, long-term relationships in the designated portfolio and as per delegated authority limits and partners with brokers to create customized insurance solutions as needed to service a client.
- Creates opportunities for new business, maximizes retention of assigned portfolio and ensures timely review of renewal business to achieve business targets.
- Executes marketing activities, attends seminars and training, and stays abreast on market dynamics and property and casualty underwriting trends.
- Stays informed about industry trends, emerging risks in the property and casualty sector, terminology, regulations and adjusts underwriting strategies accordingly.
Work Experience: Minimum of 5 years of experience in Property and Casualty Underwriting with a Bachelor’s degree or 3 years and a Master’s degree is preferred.
Education: Bachelor’s degree required, Master’s degree preferred; Risk Management, Actuarial and Business Administration preferred. Any other related discipline or commensurate work experience considered.
Licenses & Certifications: Prescribed: Minimum requirements for state P&C and/or surplus line licenses. Preferred: Chartered Property Casualty Underwriter (CPCU).
How We Support Our Teammates: 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.
The target salary range for this position is $98,120.00 - $128,782.00 annually.
We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law.
The above is intended to describe this job's general requirements. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.
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