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Underwriter

Employer
Ryan Specialty Group
Location
Hartford, Connecticut
Salary
Not Specified
Closing date
Mar 24, 2019

View more

Category
Underwriting
Job Type
Not Specified
Career Level
Not Specified

Job Details

RT Specialty, a division of Ryan Specialty Group is looking for an Underwriter to join our Hartford, CT office. 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:

The RT Underwriter is focused on developing and maintaining a profitable book of business by building relationships with internal and external stakeholders. This role requires an eye on high quality submissions, discussions regarding pricing with the agent and guidance to other coverages appropriate for the insured. Submissions are analyzed in accordance with guidelines set forth within authority granted from appointed E&S, admitted and non-admitted carriers. RT Underwriters work closely with other Underwriting colleagues (junior and senior) as well as Underwriting Assistants in the prioritization and processing of the quotes including risk evaluation, pricing and terms and conditions. The primary roles of the Underwriter include (1) external selling and negotiating, problem solving and relationship management and (2) the effective use of company and carrier specific technology to control E&O exposure and ensure the timely and accurate disposition of policies and endorsements within contractually bound timeframes. RT Underwriters is also accountable for achieving premium budget forecasts, profit and loss, and business development in the assigned territory.

Essential Functions:

  • Holds the appropriate licenses for all marketing jurisdictions.
  • Communication of risk appetite and the RT Value proposition to the agent.
  • Develop strong, long term relationships with the agents to add to a profitable book of business.
  • Manage internal and external relationships that will contribute to a superior service experience for the agent and broker customer.
  • Senior level underwriters will provide guidance and direction to junior staff including underwriters and underwriting assistants as needed.
  • Quickly 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.
  • Liaise with resources for individual risk assessment, including financial and COPE data.
    • Collaborate with internal team on targeted, desirable accounts.
    • 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 RT underwriting projects as needed.
  • Other relevant duties as assigned

Education/Experience/Skills:

  • Minimum of five (5) years underwriting E&S products preferred.
  • Bachelors preferred.
  • 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.

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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