Binding Authority Underwriter

RT Specialty, a division of Ryan Specialty, is a leading wholesale distributor of specialty insurance products and services. Our experienced brokers are specialized in property, casualty, professional lines, transportation and workers’ compensation, providing creative solutions to retail brokerage firms. We define ourselves through our superior execution on behalf of our clients, which has established us as a leader in the industry. Position Summary The Binding Authority Underwriter is responsible for developing and maintaining the book of business by assessing and analyzing insurance risks, determining coverage terms as per binding authority underwriting guidelines and building relationships with internal and external stakeholders. The role reviews and authorizes binding authority requests and ensures compliance with regulatory standards. They collaborate with brokers, negotiate terms, evaluate exposures, and establish premium rates. What will your job entail? Job Responsibilities: Review and authorize complex new business submissions and renewal risks submitted by brokers, including analysis of historical performance and overall risk quality. Evaluate risk exposure and determine appropriate underwriting decisions, including acceptance, modification, or declination of risks. Negotiate profitable binding terms and successfully place complex risks in alignment with underwriting targets and portfolio objectives. Assess premium adequacy and profitability, including potential loss exposure from catastrophic events or excessive insurance concentration. Apply binding authority underwriting guidelines and best practices while ensuring compliance with regulatory, statutory, and internal policies and procedures. Create, maintain, and update binding authority underwriting guidelines; review and revise policy language as needed to reflect coverage intent and regulatory requirements. Develop and maintain strong, long‑term relationships with brokers, agents, and internal underwriting partners to support a profitable and sustainable book of business. Maintain and expand knowledge of international taxation rules and ensure proper application and filing across applicable jurisdictions. Coach and mentor junior binding authority underwriters, supporting the development of technical underwriting skills and insurance knowledge. Work Experience: Minimum of 1 year of experience in Binding Authority and Insurance Underwriting with a Bachelor’s degree. Education: Bachelor’s degree required; Business Administration, Risk Management preferred. Any other related discipline or commensurate work experience considered. Licenses and Certifications: Prescribed: Minimum requirements for state P&C and/or surplus line licenses Preferred: Certified Insurance Counselor (CIC), Chartered Property Casualty Underwriter (CPCU) 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 $78,750.00 - $78,750.00 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 [email protected] 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.