RT Connector Binding Authority Underwriting Associate
17 hours ago
New York
Position Summary RT Connector allows retail insurance agents to efficiently access multiple lines of coverage from multiple carriers for their E&S small commercial business. Through one single, streamlined application, RT Connector offers bindable quotes from multiple carriers and will issue policies with the click of a button. The Connector Binding Operations Coordinator is a pivotal role within the RT Connector support team environment, focusing on the efficient and quality-driven management of binding operations. This individual is responsible for overseeing the binding process, ensuring that all printed materials are finished to the highest standards and meet customer specifications. What will your job entail? Job Responsibilities: • Assists the process of binding insurance policies, ensuring accuracy and compliance with binding underwriting guidelines and regulatory requirements., • Employ expertise to execute complex tasks ensuring maximum efficiency and effectiveness, • Act as a training resource, mentoring and guiding team members to foster skill development and optimize performance, • Evaluates renewals, new business and endorsements according to guidelines outlined in the business requirements documents and within their authority level., • Manages underwriting applications with the information necessary to rate, document and issue accurate and compliant policies., • Reviews and processes policy endorsements, including changes to coverage, limits, or policy terms ensuring accuracy and timely implementation and tracks cancellation notifications, non- renewal, and renewal solicitation notifications., • Establishes and maintains effective communication with carrier partners and utilizes carrier systems to access, and manage data ensuring accurate and timely processing of tasks, • Review inspection reports to assess risk quality and to confirm exposure base accuracy., • Maintains comprehensive and organized records of all binding transactions and related documentation, including policy details, endorsements, and client information., • Communicates with clients to collect required information, explains policy terms and conditions, and addresses any questions or concerns related to the binding process., • Executes the work assigned by the Connector activity workgroup in the standard service timeline., • Collaborate with other underwriting team members, Support, and Product Managers to gain a comprehensive understanding of the Connector processes and workflows., • Provides feedback to internal team members regarding trends and efficiency opportunities, • Minimum of 3-5 years of work experience in Insurance Industry or Binding Underwriting., • Experienced in Cyber or Workers’ Compensation Insurance, • Bachelor's degree required; Risk Management and Insurance Business Administration, Business Operations and Sales preferred. • Underwriting Principles, • Insurance Regulations, • Analytical, • Risk Evaluation, • Guidance Adherence, • Collaboration, • Documentation, • Marketing, • Portfolio Management, • Policy language, • Data Analysis Behavioral Skills: • Problem Solving, • Interpersonal, • Negotiation, • Presenting, • Relationship Building, • Project Management, • 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. 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. 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 $60,000.00 - $75,000.00 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 ___ 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 ___ 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.
