Underwriter Trainee - Velocity Risk

Position Summary

Ryan Specialty is hiring for Underwriter Trainees / Assistants to join our Velocity Risk! Velocity Risk is a distinctive managing general underwriter (MGU) specializing in E&S insurance for the US specialty commercial property market. The Underwriter Trainee / Assistant roles are responsible for assisting and supporting underwriters with quoting, rating and issuance of new business, quotes, renewals, and endorsements. This position also responds to problem situations from brokers and performs customer service tasks.

Pay Range

Target hourly rate : $19.00 - $24.00 per hour.

Job Responsibilities

• Support all steps of the underwriting process in conjunction with the underwriting operations function.
• Liaise with Underwriters and Operations team to confirm quotes, policy issuance instructions, endorsements, forms, and notices, and effectively complete coding / issuance of Ryan Specialty business.
• Follow up for additional information from brokers.
• Identify proper forms and endorsements to issue with quote submissions and policy issuance in tandem with Underwriters.
• Run reports for management or as directed by Underwriters—including exposure data, loss runs, broker submissions, declinations, and other ad hoc requests.
• Assist underwriters with new business initiatives and customer events.
• Track premium due and assist underwriters in calculating premium amounts, resolving discrepancies, and issuing invoices.
• Ensure all parts of the underwriting workflow are completed accurately and on time.
• Participate in peer review and quality control for the team as needed.
• Work on special projects as needed.

Work Experience and Education

Equal Opportunity Employment

Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization. This policy extends to all aspects of our employment practices, including recruiting, hiring, discipline, firing, promotion, transfer, compensation, benefits, training, and leaves of absence.

Accommodation Statement

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.

Legal Disclaimers

The above is intended to describe this job's general requirements and is not 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.

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