Professional Liability Underwriting Associate

Position Summary

The Lawyers Professional Liability Underwriter will be responsible for evaluating and underwriting professional liability insurance policies for law firms. This role involves assessing risk, determining coverage, and pricing terms, and ensuring compliance with company guidelines and industry regulations. The ideal candidate will have a strong background in underwriting lawyers’ professional liability, excellent analytical skills, and a keen eye for detail.

What will your job entail?

Key Responsibilities:

• Review/analyze renewal business using our application process.
• Analyze risk factors and determine appropriate coverage terms and pricing.
• Review and assess loss history, application and various applicable supplements, and other relevant documents.
• Collaborate with brokers and agents to gather necessary information.
• Ensure compliance with company guidelines, industry regulations, and legal requirements.
• Develop and maintain strong relationships with brokers and agents.
• Provide guidance and support to other team members.
• Stay updated on industry trends, market conditions, and regulatory changes.
• Prepare and present underwriting reports and recommendations to management.

Qualifications:

• Bachelor’s degree and/or 3-5 years of experience in lawyers professional liability underwriting.
• Strong analytical and decision-making skills.
• Excellent written and verbal communication skills.
• Proficiency in underwriting software and Microsoft Office Suite.
• Ability to work independently and as part of a team.
• Detail-oriented with strong organizational skills.
• Knowledge of industry regulations and compliance standards

This posting is a summary of the typical functions of the job, not a comprehensive list of all job responsibilities.

Licenses & Certifications:

• Professional designation as Registered Professional Liability Underwriter (RPLU) and/or Chartered Property Casualty Underwriter (CPCU) or in process with goal to complete a plus.
• P&C License (or willingness to obtain within 90 days of date of hire)

Compensation Disclaimer:

Please note that the compensation range displayed by our system is automatically generated and may not accurately reflect the range for the position. The actual compensation package will be determined based on various factors, including but not limited to, the candidate's experience, qualifications, and the specific requirements of the role.

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 - $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 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. 

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