Overview
RT Binding Authority (RT Binding), a division of Ryan Specialty is one of the largest binding authority platforms in the nation and an industry leader providing insurance agents and brokers with specialty coverage solutions. We have experienced underwriting teams that take pride in swiftly delivering personalized, expert E&S coverage for small- and mid-sized accounts.
The
Binding Authority Underwriter
is responsible for developing and maintaining the book of business by assessing and analyzing insurance risks, determining coverage terms as per binding authority underwriting guidelines and building relationships with internal and external stakeholders. The role reviews and authorizes binding authority requests and ensures compliance with regulatory standards. They collaborate with brokers, negotiate terms, evaluate exposures, and establish premium rates.
Location This role will be
hybrid
and will report to our local office in
Roseville, CA
4-5 days per week.
Remote opportunity will be available for the right individual if located otherwise.
Job Description
Assess and price renewals, new business, and endorsements according to guidelines outlined in the underwriting manual and within their authority level
Select and/or verify class code and premium base and rating exposure
Determine appropriate credits and/or debits to obtain a fair and sustained premium for risk
Determine coverage forms and necessary endorsements
Effectively communicate to broker quote conditions
Provide accurate documentation in the file and/or in electronic notes of underwriting thought process
Ensure timely and accurate preparation for issuance of policies.
Order/review inspection reports to assess risk quality and to confirm exposure base accuracy
Accurate and timely processing of endorsements
Actively manage relationships with assigned brokers, customers, and members
Ensure that information available from internal and external resources is properly integrated into underwriting decision making
Ensure that referral guidelines are properly followed regarding all lines of business underwritten
Conduct stewardship meetings and leads marketing activities. Establish and monitor the production pipeline of new business. Participate in industry conferences
Drive a multi-disciplinary approach to understanding insureds’ risks. Collaborate with other underwriters and team members to gain a comprehensive understanding of the exposure and best means to provide coverage.
What will you bring?
Bachelor’s degree required, Master’s degree preferred; Business Administration, Risk Management preferred. Any other related discipline or commensurate work experience considered
Minimum of 3- 5 years of experience in Binding Authority and Insurance Underwriting
Comfortability making sound underwriting decisions independently
A growth oriented and team focused mindset
Preferred: Commercial lines brokerage underwriting experience, with a heavy focus on renewal business
Licenses & Certifications
Required: Active Property and Casualty License
Technical/Functional Skills
Guidance Adherence
Documentation
Marketing
Policy language
Data Analysis
Ability to maintain consistent communication and work both collaboratively with your team, as well as autonomously
Team player and proactive approach in owning their work
#J-18808-Ljbffr
The
Binding Authority Underwriter
is responsible for developing and maintaining the book of business by assessing and analyzing insurance risks, determining coverage terms as per binding authority underwriting guidelines and building relationships with internal and external stakeholders. The role reviews and authorizes binding authority requests and ensures compliance with regulatory standards. They collaborate with brokers, negotiate terms, evaluate exposures, and establish premium rates.
Location This role will be
hybrid
and will report to our local office in
Roseville, CA
4-5 days per week.
Remote opportunity will be available for the right individual if located otherwise.
Job Description
Assess and price renewals, new business, and endorsements according to guidelines outlined in the underwriting manual and within their authority level
Select and/or verify class code and premium base and rating exposure
Determine appropriate credits and/or debits to obtain a fair and sustained premium for risk
Determine coverage forms and necessary endorsements
Effectively communicate to broker quote conditions
Provide accurate documentation in the file and/or in electronic notes of underwriting thought process
Ensure timely and accurate preparation for issuance of policies.
Order/review inspection reports to assess risk quality and to confirm exposure base accuracy
Accurate and timely processing of endorsements
Actively manage relationships with assigned brokers, customers, and members
Ensure that information available from internal and external resources is properly integrated into underwriting decision making
Ensure that referral guidelines are properly followed regarding all lines of business underwritten
Conduct stewardship meetings and leads marketing activities. Establish and monitor the production pipeline of new business. Participate in industry conferences
Drive a multi-disciplinary approach to understanding insureds’ risks. Collaborate with other underwriters and team members to gain a comprehensive understanding of the exposure and best means to provide coverage.
What will you bring?
Bachelor’s degree required, Master’s degree preferred; Business Administration, Risk Management preferred. Any other related discipline or commensurate work experience considered
Minimum of 3- 5 years of experience in Binding Authority and Insurance Underwriting
Comfortability making sound underwriting decisions independently
A growth oriented and team focused mindset
Preferred: Commercial lines brokerage underwriting experience, with a heavy focus on renewal business
Licenses & Certifications
Required: Active Property and Casualty License
Technical/Functional Skills
Guidance Adherence
Documentation
Marketing
Policy language
Data Analysis
Ability to maintain consistent communication and work both collaboratively with your team, as well as autonomously
Team player and proactive approach in owning their work
#J-18808-Ljbffr