Property and Casualty Underwriting Associate
Company | Ryan Specialty |
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Location | Texas, USA, Denver, CO, USA |
Salary | $68200 – $85000 |
Type | Full-Time |
Degrees | Bachelor’s |
Experience Level | Entry Level/New Grad, Junior |
Requirements
- Bachelor’s degree in Risk Management, Actuarial or Business Administration required
- 6 Months to 1 year of experience in Property and Casualty Underwriting
- Must meet minimum requirements for state P&C and/or surplus line licenses
- Chartered Property Casualty Underwriter (CPCU) is a plus
Responsibilities
- Evaluates and maintains existing policy information to ensure data is current, accurate, and appropriately priced for renewal.
- Responds to client requests and questions, offering information and advice regarding the insurance products & underwriting appetite.
- Communicates with clients to gather necessary information, resolves inquiries, and ensures a smooth underwriting process.
- Prepares and organizes documentation related to underwriting submissions and policy issuance.
- Assesses risks associated with individual insurance applications, considering both standard and substandard criteria.
- Provides support in premium calculations, ensuring accurate application of rates based on underwriting guidelines.
- Builds and maintains reports on underwriting activities, key performance indicators, and relevant metrics.
- Conducts internal and external audits by providing necessary documentation and information related to underwriting activities.
- Ensures adherence to company policies, guidelines, industry regulations, and compliance standards in underwriting activities.
- Collaborates with underwriting teams to relay information, coordinate tasks, and contribute to the overall underwriting process.
- Serves as the key point of contact for customers and agents and delivers excellent customer service by addressing inquiries, resolving issues, and ensuring a positive experience for them.
Preferred Qualifications
- Chartered Property Casualty Underwriter (CPCU) is a plus