Inside Underwriter

JOB SNAPSHOT: 
Employee Type:  Full-Time
Location: 

Naperville, IL, US, 60563

Job Type:  Administrative
Secondary Location: 
Years of Experience: 

RSG Underwriting Managers a division of Ryan Specialty Group is looking for an Inside Underwriter to join our Naperville, IL team. We are a fast paced, energetic and rapidly growing organization that offers a great opportunity for someone interested in further developing their career.

Position Summary:

Analyzes, evaluates, selects, rates, prices and markets All Risks insurance products.  Achieve and sustain business results that meet or exceed established goals for premium production, retained income and underwriting profit.

Essential Functions:

  • Examines and evaluates documents such as applications, inspection reports, MVRS, financial reports, claims history and any other pertinent information to  determine degree of risk, underwriting and appropriate market.
  • As directed by Team Leader, meets with insurance agents and carriers with marketing visits determined by manager, to provide customer service and grow book of business.
  • Accepts, prices and binds insurance within underwriting authority, refer business to senior underwriting staff, company underwriter or brokers beyond authority.
  • Prepares submissions; markets and negotiates with insurance companies on individual accounts.
  • Communicates orally, by correspondence or in person with retail customers and underwriters to obtain further information, quote rates, present proposals, introduces products or service existing accounts.
  • Assists support staff in resolving problems and questions.
  • Provides complete policy issuance instructions to support staff, detailing all coverage terms and conditions.
  • Demonstrate a strong customer focus through understanding customer’s needs and expectations and implements Company’s service standards.
  • Assists with various projects as requested by management.
  • Pursues technical development in order to maintain or enhance knowledge skills and abilities required to do this job.
  • Audits support staff work as needed.

Education/Experience/Skills:

  • Must have recent experience working with a MGA or Wholesale Broker and a minimum of 3-5 years as an Associate Broker/Underwriter within the insurance industry, specifically for a MGA or Wholesale Broker. Insurance designations (AU, ASLI, CPCU) preferred. 
  • Insurance license is required within one hundred twenty (120) days of hire or placement in position.
  • Ability to read, analyze and interpret business reports and to make independent decisions. 
  • Strong oral and written communication skills required.  Ability to write business correspondence.
  • Must be able to solve problems and deal with a variety of tasks in a fast paced environment.  Must have excellent time management skills.
  • Must demonstrate teamwork and ability to develop productive relationships with peers and management.
  • Demonstrated knowledge the skills required for production support including clear understanding of the All Risks processing system, cancellations, policy change requests and rating related issues, rating and overall flow of transactions within the office.
  • Demonstrates appropriate aptitude for marketing calls and sales.
  • Willingness and ability to travel to meet with customers and insurance carriers.
  • Possess proficient computer skills and strong knowledge of Microsoft Suite.

Disclaimer

Ryan Specialty Group is an Equal Opportunity Employer


Nearest Major Market: Naperville
Nearest Secondary Market: Chicago