Job Location : New York,NY, USA
Position Summary:
The Transactional Liability Underwriting Coordinator is responsible for ensuring the efficiency and accuracy of the M&A underwriting processes. The role prepares professional documents for underwriters to facilitate smooth review processes, maintains non-binding indication letters, insurance policies and binder agreements, and supports the team in various tasks. They gather, organize, and analyze client information, and contribute to accurate submission for deal preparation and taxation filing purposes.
Location:
New York - New York - 1166 Ave of Americas
What will your job entail?
Responsibilities:
* Supports information gathering and risk analysis, risk, and policy information and prepares accurate documents for deal underwriting and taxation filing.
* Prepares documents such as non-binding indication letters, insurance policies and binder agreements that showcase key information and facilitates review and approval processes.
* Utilizes established criteria and guidelines to identify potential problems and flags issues for team members, supports informed underwriting decisions by sharing insights on warranties & indemnity, tax & contingence insurance.
* Maintains and updates policy documents, including endorsements and cancellations, ensures accuracy and compliance with regulations as per the M&A underwriting strategy.
* Supports renewals and generates basic quotes for new submissions, frees up senior team members for more complex tasks.
* Communicates with brokers, clients, and colleagues, clearly explains policy details, updates, and potential issues, and builds trust and confidence.
* Administers information and ensures easy retrieval of policy documents, maintains document filing systems, and underwrites materials for the entire team.
* Participates in training programs to gain comprehensive knowledge of underwriting principles and procedures, becomes a critical resource of the team.
* Assists senior underwriters and coordinators, gains practical experience, and hones their underwriting skills.
Work Experience:
* Minimum of 1 year of work experience in Insurance Underwriting will be preferred.
Education:
* High School Diploma or equivalent.
Licenses & Certifications:
* Prescribed: Minimum requirements for state P&C and/or surplus line licenses
* Preferred: Certified Merger and Acquisition Advisor (CM&AA)
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 hourly rate range for this position is $20.45 - $25.00 per hour.
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 base 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 ...@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.