Senior Underwriter
Apply NowCompany: Ryan Specialty Group
Location: Chicago, IL 60629
Description:
Position Summary
The primary role of a Healthcare Senior Underwriter is focused on developing and maintaining a profitable book of business by building relationships with internal and external stakeholders. This role must work in our Chicago Wacker office four days per week.
What will your job entail?
Education/Experience/Skills:
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, sexual orientation, 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.
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 $140,000.00 - $175,000.00 annually.
The wage range for this role considers many factors, such as training, transferable skills, work experience, licensure and certification, business needs, and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/.
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. Please contact us to request an accommodation at HR@Ryansg.com
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. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
The primary role of a Healthcare Senior Underwriter is focused on developing and maintaining a profitable book of business by building relationships with internal and external stakeholders. This role must work in our Chicago Wacker office four days per week.
What will your job entail?
- Develop strong, long term relationships with the agents to add to and maintain a profitable book of business
- Manage a book of Hospital business to maintain and enhance strong insured and partner relationships with a goal to retain existing and grow new business.
- Communication of risk appetite and coverage to the agent.
- Maintain strong command of policy language
- Manage internal and external relationships that will contribute to a superior service experience for the agent and broker customer.
- Provide guidance and direction to junior underwriters and underwriting trainees and assistants.
- Solicit renewal information for existing customers and new business submission opportunities.
- Evaluate, prioritize, and select submissions and price risks that will develop an underwriting profit for the carrier; refer or decline risks that present excessive risk.
- Gather pertinent underwriting information and conduct due diligence for risk selection.
- Prepare and analyze pricing models.
- Construct insured-specific risk transfer programs.
- Liaise with resources for individual risk assessment.
- Collaborate with internal team on targeted, desirable accounts.
- Approve underwriting within the scope of their own Underwriting Authority.
- Recognize and create cross sell opportunities for other products, work with agents to understand options that best meet insured needs.
- Negotiate terms and conditions with the agent or broker.
Education/Experience/Skills:
- Bachelor's degree or equivalent combination of education and experience.
- 5+ years in Healthcare underwriting experience.
- Underwriting Hospital Excess Lines
- Experience underwriting senior living
- Home state insurance producer's license required.
- Strong analytical and negotiating skills.
- Ability to work in a fast-paced environment
- Ability to travel to agent and broker, carrier, and employer meetings.
- Ability to work in a highly automated, paperless environment, including specialized software packages.
- Basic computer skills including MS Office Suite.
- Ability to manage workload with minimal supervision.
- Critical attention to details.
- Proficiency in Microsoft Office including, but not limited to Outlook, Word, Excel.
- Proven track record of being a team player.
- May be required to have and maintain a valid driver's license.
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, sexual orientation, 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.
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 $140,000.00 - $175,000.00 annually.
The wage range for this role considers many factors, such as training, transferable skills, work experience, licensure and certification, business needs, and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/.
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. Please contact us to request an accommodation at HR@Ryansg.com
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. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.