Ryan Specialty
Senior Property & Casualty Underwriter
Ryan Specialty, Houston, Texas, United States, 77246
Position SummaryThe Senior Property and Casualty Underwriter is responsible for overseeing and managing property and casualty business workflows, providing technical expertise and ensuring adherence to underwriting guidelines. The role develops strategies for new business opportunities and portfolio retention and actively contributes to achieving business targets. They cultivate long-term broker relationships, while also supporting training for new staff in underwriting processes.
What will your job entail?
Hybrid position
- 3 days a week in the Houston, TX office
Responsibilities:Oversee and strategically manage workflows for new property and casualty business and renewals, showcasing advanced professionalism, technical expertise, and adherence to underwriting guidelines.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.Drive risk assessment comprehensively, evaluate factors such as coverage value, location, usage, safety features, and other considerations to make informed decisions on risk acceptance.Determine appropriate coverage limits, insurance premiums, policy terms based on risk assessment, ensure active portfolio management of complex property and casualty accounts.Negotiate terms and conditions with the broker, recognize and create cross sell opportunities for other products while ensuring compliance with regulations and guidelines.Develop strategic initiatives to create new business opportunities, maximize retention of assigned portfolios and contribute significantly to achieving business targets.Manage internal and external relationships that will deliver superior customer service. Develop professional, long-term relationships with brokers and agents, expanding the book of business and operating within delegated authority limits.Partner with underwriting teams, foster seamless communication, and optimize task coordination to support the overall underwriting process.Provide accurate premium forecasts and business plans, contribute to budgeting processes and support the achievement of performance targets.Optimize underwriting processes, introduce new technologies, and align the department with broader organizational goals. Deliver training for new underwriters on underwriting guidelines, processes, and systems.Attend industry events and stay abreast of property and casualty underwriting trends, emerging risks in the sector, regulatory changes, and adjust underwriting strategies, accordingly.Work Experience:
Minimum of 8 years of experience in Property and Casualty Underwriting with Bachelor's degree or 6 years and a Master's degree is preferred.Experience in Upstream Energy Casualty Underwriting a plusEducation:
Bachelor's degree required, Master's degree preferred; Risk Management, Actuarial and Business Administration preferred. Any other related discipline or commensurate work experience considered.Licenses & Certifications:
Prescribed: Minimum requirements for state P&C and/or surplus line licenses.Preferred: Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC)
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 $118,360.00 - $155,347.00 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.
What will your job entail?
Hybrid position
- 3 days a week in the Houston, TX office
Responsibilities:Oversee and strategically manage workflows for new property and casualty business and renewals, showcasing advanced professionalism, technical expertise, and adherence to underwriting guidelines.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.Drive risk assessment comprehensively, evaluate factors such as coverage value, location, usage, safety features, and other considerations to make informed decisions on risk acceptance.Determine appropriate coverage limits, insurance premiums, policy terms based on risk assessment, ensure active portfolio management of complex property and casualty accounts.Negotiate terms and conditions with the broker, recognize and create cross sell opportunities for other products while ensuring compliance with regulations and guidelines.Develop strategic initiatives to create new business opportunities, maximize retention of assigned portfolios and contribute significantly to achieving business targets.Manage internal and external relationships that will deliver superior customer service. Develop professional, long-term relationships with brokers and agents, expanding the book of business and operating within delegated authority limits.Partner with underwriting teams, foster seamless communication, and optimize task coordination to support the overall underwriting process.Provide accurate premium forecasts and business plans, contribute to budgeting processes and support the achievement of performance targets.Optimize underwriting processes, introduce new technologies, and align the department with broader organizational goals. Deliver training for new underwriters on underwriting guidelines, processes, and systems.Attend industry events and stay abreast of property and casualty underwriting trends, emerging risks in the sector, regulatory changes, and adjust underwriting strategies, accordingly.Work Experience:
Minimum of 8 years of experience in Property and Casualty Underwriting with Bachelor's degree or 6 years and a Master's degree is preferred.Experience in Upstream Energy Casualty Underwriting a plusEducation:
Bachelor's degree required, Master's degree preferred; Risk Management, Actuarial and Business Administration preferred. Any other related discipline or commensurate work experience considered.Licenses & Certifications:
Prescribed: Minimum requirements for state P&C and/or surplus line licenses.Preferred: Chartered Property Casualty Underwriter (CPCU), Certified Insurance Counselor (CIC)
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 $118,360.00 - $155,347.00 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.