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Executive Underwriter - Healthcare

JOB SNAPSHOT: 
Employee Type:  Full-Time
Location: 

Chicago, IL, US, 60606

Job Type:  Administrative
Secondary Location: 
Years of Experience: 

Sapphire Blue, a division of Ryan Specialty, is looking for an Executive Underwriter specializing in Healthcare to join our Chicago team. We are a fast-paced, energetic, and rapidly growing organization that offers a great opportunity for someone interested in further developing their career. Ryan Specialty has been named one of America’s Most Loved Workplaces by Newsweek and has been named 2023 Top Insurance Employer by Insurance Business America.

Position Summary:

Sapphire Blue is a managing general underwriter that draws on nearly 23 years of healthcare experience to provide tailor-made insurance coverage, superior claims handling services and customized risk management.

The primary role of an Executive Underwriter is focused on developing and maintaining a profitable book of business by building relationships with internal and external stakeholders. 

Essential Functions:

  • Develop strong, long term relationships with the agents to add to and maintain a profitable book of 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.
  • Participate in identifying new product lines.
  • Participate in form changes and development.

Education/Experience/Skills:

  • Bachelor’s degree or equivalent combination of education and experience.
  • 10+ years of underwriting experience within the healthcare space, specific to professional and general liability coverage for a wide variety of healthcare facilities with a focus on 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.

Disclaimer

Ryan Specialty is an Equal Opportunity Employer.
We are committed to building, growing, and sustaining a diverse workforce that is reflective of society throughout the entirety of the organization and throughout the insurance industry.
We aspire to cultivate a company that is both inclusive and equitable, where every employee is recognized and assessed based on their performance and contributions.
We strive to harness our differences and commonalities to better serve our clients, trading partners, workforce, and communities.


Nearest Major Market: Chicago

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