Construction Underwriter

This Construction Underwriter is responsible for developing and maintaining the book of business by assessing and analysing insurance risks, determining coverage terms as per binding authority underwriting guidelines and building relationships with internal and external stakeholders. The role reviews and authorises binding authority requests and ensures compliance with regulatory standards. They collaborate with brokers, negotiate terms, evaluate exposures, and establish premium rates.

Job Responsibilities

• 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 lead 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.

Work Experience And Education

Bachelor's degree required, Master's degree preferred; Business Administration, Risk Management preferred. Any other related discipline or commensurate work experience considered. Demonstrable experience in Construction Underwriting.

Skills

• Technical/Functional Skills: Risk Evaluation, Guidance Adherence, Collaboration, Documentation, Marketing, Portfolio Management, Policy language, Data Analysis, Communication.
• Behavioral Skills: Project Management, Group Presentations, Time Management, Event Marketing.

Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions.

How We Support Our Teammates: Ryan Specialty seeks to offer our employees a comprehensive and best-in-class benefits package that helps them — and their family members — achieve their physical, financial, and emotional well-being goals. In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.

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.

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.

The above is intended to describe this job's general requirements. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.