Senior Binding Authority Underwriter

Position Summary The Senior Binding Authority Underwriter is responsible for leveraging extensive industry knowledge and underwriting expertise to evaluate complex risks, negotiate terms, and bind complex coverage agreements. The role cultivates and maintains relationships with brokers and clients and optimizes risk portfolios. They drive underwriting excellence, review and authorize binding authority requests, provide strategic guidance, and ensure compliance with regulatory standards. What will your job entail? Job Responsibilities: Reviews and authorizes complex business submissions and new risks submitted by brokers, evaluates historical performance, and determines appropriate level of risk. Negotiates profitable binding terms while brokering complex risks to successfully negotiate a placement and delivers on underwriting targets. Determines the profitability of the premium amount and seeks to evaluate possibility of losses due to catastrophe or excessive insurance. Demonstrates understanding of binding authority underwriting guidelines, best practices and ensures compliance with regulatory and statutory policies and procedures. Creates, maintains, and updates the binding authority underwriting guidelines and examines and modifies policy language as needed. Develops strong, long-term relationships with brokers, agents, and fellow underwriters to deliver a profitable book of business. Develops and enhances understanding of taxation rules for different countries and ensures appropriate filing. Coaches new binding authority underwriters and enhances their technical expertise and insurance knowledge. Work Experience: Minimum of 8 years of experience in Binding Authority and Insurance Underwriting with a Bachelors degree, or 6 years of experience and a Masters degree. Education: Bachelors degree required, Masters degree preferred; Business Administration, Risk Management preferred. Any other related discipline or commensurate work experience considered. Licenses and Certifications: Prescribed: Minimum requirements for state P&C and/or surplus line licenses Preferred: Certified Insurance Counselor (CIC), Chartered Property Casualty Underwriter (CPCU) #OLR 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 $94,850.00 - $100,000.00 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. A multi-time winner of Newsweeks Most Loved Workplaces and Insurance Businesss Top Insurance Employers, Ryan Specialty is home to some of the brightest talent in the insurance industry. Join our team and help provide innovative solutions for insurance brokers, agents and carriers. Talent Network Not seeing the right job opening? To learn more about future opportunities Introduce yourself and join our talent network Benefits Curious about Ryan Specialtys benefits? Explore our employee benefits here! Ryan Specialty, LLC and its affiliates (Ryan Specialty) do not accept unsolicited resumes or candidate profiles submitted by any staffing agencies, placement services or professional recruiters (Agencies), including any submissions made through our website or to email accounts of Ryan Specialty employees. Agencies must be registered in Ryan Specialtys agency portal and have a fully executed contract for service between Ryan Specialty and the Agency. Agency fee agreements will only be valid if provided in such fully executed contract between Ryan Specialty and the Agency. Any unsolicited resume or candidate profile received from an Agency without prior approval from Ryan Specialtys HR department and in compliance with Ryan Specialtys candidate submission process shall be considered unsolicited, gratuitous and property of Ryan Specialty for recruiting purposes and, as such, is not subject to payment of any Agency fees.