Property Underwriter

Position Summary

The Property Underwriter is responsible for managing a portfolio of accounts and driving new and renewal business opportunities for Property insurance. The role assesses risks associated with insuring properties and liabilities, evaluates applications, analyzes data, and determines coverage terms and premiums to ensure sound underwriting decisions. They develop and maintain underwriting practices and guidelines as per delegated authority and build relationships with brokers and other stakeholders in the designated portfolio.

What will your job entail?

Job Responsibilities:

• Underwrite new and renewal property business, reviewing policy forms, broker endorsement requests, and supporting documentation in accordance with company underwriting guidelines; obtain additional information as needed.
• Evaluate risks to determine whether to accept, modify, or decline submissions, considering factors such as property value, location, occupancy, construction type, protection features, and overall risk profile.
• Establish appropriate coverage limits, pricing, terms, and conditions based on risk assessment and underwriting standards, while actively managing a property portfolio.
• Deliver high-quality service for new business and renewals, demonstrating technical expertise, professionalism, and adherence to underwriting authority.
• Identify and analyze property exposures, ensuring compliance with state regulations and carrier guidelines.
• Develop premium forecasts and business plans to support production goals and profitability targets.
• Maintain and strengthen broker relationships, collaborating to manage submission flow, quotes, binds, and policy issuance with accuracy and timeliness.
• Build long-term partnerships with brokers within the assigned portfolio to develop tailored property insurance solutions.
• Drive new business opportunities, maximize retention, and ensure timely renewal reviews to achieve business objectives.
• Participate in marketing and business development activities, including industry events and training, while staying informed on property market trends and underwriting developments.
• Remain current on emerging property risks, industry trends, terminology, and regulatory changes, adjusting underwriting strategies accordingly.

Work Experience & Education:

• Bachelor's degree in Risk Management, Business Administration, or related field preferred; equivalent experience considered.
• 2+ years of experience in Property Underwriting required

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. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression, sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners, and communities. This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.

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 target salary range for this position is $68,200.00 - $70,000.00 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 https://benefits.ryansg.com/.

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

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.