Binding Authority Underwriter

RT Specialty, a division of Ryan Specialty, is a leading wholesale distributor of specialty insurance products and services. The Binding Authority Underwriter is responsible for developing and maintaining the book of business by assessing and analyzing insurance risks, determining coverage terms, and building relationships with stakeholders.

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

Skills

• Minimum of 1 year of experience in Binding Authority and Insurance Underwriting with a Bachelor's degree
• Bachelor's degree required; Business Administration, Risk Management preferred. Any other related discipline or commensurate work experience considered
• Prescribed: Minimum requirements for state P&C and/or surplus line licenses
• Certified Insurance Counselor (CIC)
• Chartered Property Casualty Underwriter (CPCU)

Benefits

• Paid time off for company holidays, vacation, sick and personal days
• Paid parental leave
• Mental health services
• Bonuses
• Benefits
• 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