Note: The job is a remote job and is open to candidates in USA. Ryan Specialty is a leading wholesale distributor of specialty insurance products and services. The Binding Operations Associate is responsible for the binding process of insurance policies, ensuring adherence to underwriting guidelines and regulatory standards while acting as a liaison between underwriters and brokers.
Responsibilities
- Assists the process of binding insurance policies, ensuring accuracy and compliance with binding underwriting guidelines and regulatory requirements
- Administers underwriting applications with the information necessary to rate, document and issue accurate and compliant policies
- Assists with new business submission with directions from the Binding Underwriter to prepare and market to carrier
- Coordinates between Underwriters and brokers by responding to inquiries, works with brokers to obtain information needed to quote, and provides revised quotes as requested
- Processes and issues 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
- 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 underwriters and underwriting assistants when they are out of the office or otherwise unavailable
- Prepares reports related to policy binding metrics, performance, and compliance, providing insights for process improvement
Skills
- 1+ years of work experience in Insurance Industry or Binding Underwriting or related field
- Work exposure and understanding of Excess & Surplus Lines (E&S)
- Bachelor's degree
Benefits
- Paid time off for company holidays, vacation, sick and personal days
- Paid parental leave
- Mental health services
- 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
Company Overview
Company H1B Sponsorship