Binding Operations Coordinator
About the role
RT Specialty, a division of Ryan Specialty, is a leading wholesale distributor of specialty insurance products and services. Our experienced brokers are specialized in property, casualty, professional lines, transportation and workers’ compensation, providing creative solutions to retail brokerage firms. We define ourselves through our superior execution on behalf of our clients, which has established us as a leader in the industry.
The Binding Operations Coordinator is responsible for the binding process of insurance policies, ensuring adherence to underwriting guidelines and regulatory standards. The role includes inputting necessary information into underwriting applications for accurate policy rating, documentation, and issuance. They act as a liaison between underwriters and brokers, responding to inquiries, collecting information for quoting, and providing revised quotes. They also serve as backup for underwriters and underwriting assistants during their absence.
Responsibilities
- Assists the process of binding insurance policies, ensuring accuracy and compliance with binding underwriting guidelines and regulatory requirements.
- Administers underwriting applications with the information necessary to rate, document and issue accurate and compliant policies.
- Assists with new business submission with directions from the Binding Underwriter to prepare and market to carrier.
- Coordinates between Underwriters and brokers by responding to inquiries, works with brokers to obtain information