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Ryan Specialty · 3 days ago

Binding Authority Underwriter

Richmond, VA

Full-time

Onsite

Senior Level

$79K/yr - $80K/yr

5+ years exp

Ryan Specialty is a leading provider of specialty insurance solutions, and they are seeking a Binding Authority Underwriter to develop and maintain their book of business. The role involves assessing insurance risks, determining coverage terms, and building relationships with stakeholders while ensuring compliance with regulatory standards.

Financial ServicesInsuranceRisk Management

Comp. & Benefits

H1B Sponsor Likely

Responsibilities

Assess and price renewals, new business, and endorsements according to guidelines outlined in the underwriting manual and within their authority level

Select and/or verify class code and premium base and rating exposure

Determine appropriate credits and/or debits to obtain a fair and sustained premium for risk

Determine coverage forms and necessary endorsements

Effectively communicate to broker quote conditions

Provide accurate documentation in the file and/or in electronic notes of underwriting thought process

Ensure timely and accurate preparation for issuance of policies

Order/review inspection reports to assess risk quality and to confirm exposure base accuracy

Accurate and timely processing of endorsements

Actively manage relationships with assigned brokers, customers, and members

Ensure that information available from internal and external resources is properly integrated into underwriting decision making

Ensure that referral guidelines are properly followed regarding all lines of business underwritten

Conduct stewardship meetings and leads marketing activities. Establish and monitor the production pipeline of new business. Participate in industry conferences

Drive a multi-disciplinary approach to understanding insureds’ risks. Collaborate with other underwriters and team members to gain a comprehensive understanding of the exposure and best means to provide coverage

Qualification

Risk EvaluationPolicy languageData AnalysisPortfolio ManagementCollaborationDocumentationEvent MarketingMarketingCommunicationProject ManagementGroup PresentationsTime Management

Required

Bachelor's degree

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

Minimum requirements for state P&C and/or surplus line licenses

Risk Evaluation

Guidance Adherence

Collaboration

Documentation

Marketing

Portfolio Management

Policy language

Data Analysis

Communication

Project Management

Group Presentations

Time Management

Event Marketing

Preferred

Master's degree

Business Administration

Risk Management

Certified Insurance Counselor (CIC)

Chartered Property Casualty Underwriter (CPCU)

Benefits

Paid time off for company holidays

Vacation

Sick and personal days

Paid parental leave

Mental health services

Company

Ryan Specialty

Glassdoor3.7

Ryan Specialty is an insurance firm that provides solutions for brokers, agents, and insurance carriers.

Founded in 2010

Chicago, Illinois, USA

5001-10000 employees

https://ryanspecialty.com

H1B Sponsorship

Ryan Specialty has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (7)

2024 (5)

2023 (1)