Binding Authority Underwriter

Job Responsibilities

• Review and authorize complex new business submissions and renewal risks submitted by brokers, including analysis of historical performance and overall risk quality.
• Evaluate risk exposure and determine appropriate underwriting decisions, including acceptance, modification, or declination of risks.
• Negotiate profitable binding terms and successfully place complex risks in alignment with underwriting targets and portfolio objectives.
• Assess premium adequacy and profitability, including potential loss exposure from catastrophic events or excessive insurance concentration.
• Apply binding authority underwriting guidelines and best practices while ensuring compliance with regulatory, statutory, and internal policies and procedures.
• Create, maintain, and update binding authority underwriting guidelines; review and revise policy language as needed to reflect coverage intent and regulatory requirements.
• Develop and maintain strong, long-term relationships with brokers, agents, and internal underwriting partners to support a profitable and sustainable book of business.
• Assess and manage compliance with international taxation rules and ensure proper application and filing across applicable jurisdictions.
• Coach and mentor junior binding authority underwriters, supporting the development of technical underwriting skills and insurance knowledge.

Requirements

• Minimum of 1 year of experience in Binding Authority and Insurance Underwriting.
• Bachelor’s degree required; Business Administration, Risk Management preferred.
• Any other related discipline or commensurate work experience considered.
• Preserved licenses and certifications: Minimum requirements for state P&C and/or surplus line licenses. Preferred: Certified Insurance Counselor (CIC), Chartered Property Casualty Underwriter (CPCU).

Qualifications

• Preserved licenses and certifications: Minimum requirements for state P&C and/or surplus line licenses. Preferred: Certified Insurance Counselor (CIC), Chartered Property Casualty Underwriter (CPCU).

Skills

• Strong analytical and problem-solving skills.
• Excellent communication and negotiation skills.
• Ability to work independently and as part of a team.
• Knowledge of regulatory standards and best practices in insurance underwriting.

Benefits

The target salary range for this position is $78,750.00 - $78,750.00 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 here.

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.