Underwriter

Position Summary

Velocity Risk Underwriters is a leading managing general agency specializing in catastrophe-exposed property insurance solutions. As part of Ryan Specialty, Velocity combines deep underwriting expertise, advanced analytics, and a collaborative culture to deliver innovative solutions for brokers and insureds nationwide. We are seeking an experienced Underwriter II to join our growing team. This role is ideal for a relationship-driven property underwriting professional who enjoys analyzing complex risks, building broker partnerships, and contributing to a high-performing underwriting organization.

What will your job entail?

As an Underwriter, you will be responsible for evaluating, pricing, and managing new and renewal business within delegated authority while maintaining a profitable portfolio.

Key Responsibilities

• Underwrite and manage a portfolio of new and renewal property business.
• Evaluate submissions, loss history, CAT modeling results, risk characteristics, and exposure data to make sound underwriting decisions.
• Assess risk acceptability, coverage requirements, pricing adequacy, and policy structures.
• Negotiate terms, conditions, deductibles, and pricing with brokers to achieve profitable growth objectives.
• Develop and maintain strong relationships with wholesale and retail broker partners.
• Drive new business production while maximizing retention within your assigned portfolio.
• Collaborate with underwriting, brokerage, operations, claims, and carrier partners to deliver exceptional service.
• Ensure underwriting decisions comply with company guidelines, carrier requirements, and regulatory standards.
• Monitor portfolio performance and market trends to identify opportunities and emerging risks.
• Assist in achieving production, profitability, and retention goals established by leadership.

Required Qualifications

• Bachelor's degree in Risk Management, Business, Finance, Insurance, or a related field; equivalent experience will be considered.
• 5+ years of commercial property underwriting experience.
• Strong understanding of property underwriting principles, policy structures, pricing methodologies, and risk assessment.
• Experience evaluating complex commercial property risks.
• Strong analytical, negotiation, and decision-making skills.
• Excellent communication and relationship management abilities.
• Proficiency with underwriting systems, Microsoft Office, and data-driven decision making.

Preferred Qualifications

• Experience working within an MGA, wholesale, E&S, or specialty insurance environment.
• Experience underwriting catastrophe-exposed property risks.
• CPCU, AU, ARM, or other insurance designations.
• Knowledge of CAT modeling tools and property analytics platforms.

Why Join Velocity?

• Opportunity to work with a recognized leader in specialty property underwriting.
• Entrepreneurial culture supported by the resources and stability of Ryan Specialty.
• Direct exposure to complex and challenging risks.
• Collaborative team environment with significant opportunity for professional growth.
• Competitive compensation and comprehensive benefits package.

Pay

The target salary range for this position is $85,855.00 - $100,000.00 annually. Full-time roles are eligible for bonuses and benefits.

Benefits

• Paid time off for company holidays, vacation, sick and personal days
• Paid parental leave
• Mental health services
• Comprehensive benefits package (additional information available at https://benefits.ryansg.com/)