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Senior Underwriting Auditor

Employer
Ryan Specialty Group
Location
Chicago, Illinois
Salary
Not Specified
Closing date
Mar 3, 2019

View more

Category
Premium Audit, Underwriting
Job Type
Not Specified
Career Level
Not Specified

Job Details

Ryan Specialty Group (RSG) is a global specialty insurance organization that provides innovative solutions for agents, brokers, and insurance carriers. The RSG family includes a wholesale brokerage operation, RT Specialty, and a collection of managing general underwriting companies, RSG Underwriting Managers. RSGUM is looking for a Senior Auditor to join our Chicago office. We are a fast paced, energetic and rapidly growing organization that offers a great opportunity for someone interested in developing their insurance career.

Position Summary:

Ryan Specialty Group seeks a Senior Auditor who is responsible for planning and completing internal audits as part of the internal audit plan. This responsibility includes developing audit scope, procedures, and preparing internal audit reports that reflect work performance results.

Essential Functions:

  • Responsible for the review and quality checks of various insurance and non-insurance related projects, insuring compliance with external and internal regulations.
  • Develop, enhance and maintain audit procedural checkpoints, methods and techniques in order to validate information and minimize risk.
  • Works with appropriate business partners to prepare for carrier audits.
  • Responsible for auditing MGU policy files on a set cycle to validate adherence to agreements and confirm that file structure and content meet company standards.
  • Analyze, review and report breaches in authority to insure integrity of processes and procedures
  • Review policies for completeness, and develop and recommend internal controls to minimize risk exposure and improve operational efficiency
  • Review carrier agreement set up in IMS against the signed agreements
  • Provide regular relevant audit findings and provide recommendations for improvements to appropriate parties.
  • Provide feedback to the Operations team on improvements needed, while maintaining independence
  • Guide and mentor junior members of the audit team through audit reviews, controls and process implementation
  • Perform special projects as needed to support the audit function of the MGU.

Education/Experience/Skills:

  • 5 years with an Insurance organization in the capacity as a carrier or underwriting auditor.
  • Strong analytical, mathematical, data management skills and decision-making skills.
  • Demonstrated experience reviewing contracts in order to make sure agreements are understood to enable auditing.
  • Organized, with exceptional attention to detail.
  • Excellent interpersonal, presentation, and communication skills.
  • Ability to work independently in a fast paced environment.
  • Ability to take initiative, guide, and influence others toward goal accomplishment.
  • Working knowledge of audit frameworks.
  • Strong business acumen and deep knowledge of Microsoft Excel and Word.

Disclaimer

Ryan Specialty Group is an Equal Opportunity Employer

Company

RSG was founded in 2010 by industry veteran Patrick G. Ryan. Pat Ryan saw a need in the marketplace for a specialty organization dedicated exclusively to creating sophisticated insurance and risk management solutions for risks that demand innovation, proven leadership, outstanding industry experience and quality services.

Our independent and entrepreneurial approach to specialty risks has allowed us to provide measurable value to our clients – agents, brokers, insurers and their clients. We execute this approach by partnering with management teams that have significant expertise and extensive relationships in the industry.

Managing General Underwriters and Agencies

There are numerous industries in today's marketplace that are underserved. These industries demand a high-level of expertise, creativity and flexibility. RSG Underwriting Managers (RSG UM) provides specialty insurance and risk management solutions through a select group of managing general underwriters. Each entity offers specialty risk solutions in a specific market niche.

What separates RSG UM from others in the marketplace is our high-level of creativity and industry experience combined with a unique distribution platform. RSG UM offers numerous touch points in the marketplace with agents, brokers, insurers and clients. These touch points provide immediate market input and feedback, enabling our various entities to respond quickly and efficiently to evolving market needs.

Wholesale Brokerage

R-T Specialty, LLC (RT) is an independent wholesale broker with a focus on tough, hard-to-place property, casualty, transportation, professional liability and workers' compensation risks.

Led by established and well known surplus lines brokers, RT brokers have some of the most successful track records in the industry. No matter how difficult the risk, you can count on RT to develop or create a solution that meets the needs of your clients.

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