Assistant Vice President - Keystone Risk Partners - Ryan Specialty Group
Media, PA
About the Job
Position Summary
The Assistant Vice President - Keystone Risk Partners is responsible for driving profitable growth through effective risk management and underwriting strategies, leading the development of innovative property and casualty products. The role contributes to the development of practice objectives, business targets, identifies opportunities in targeted markets and establishes consistent underwriting best practices. They build strong stakeholder relationships, implement cutting-edge technologies for efficiency, manage budgets and ensure compliance with underwriting standards and guidelines.
What will your job entail?
• Delivers profitable growth through effective risk selection, premiums, coverage and drives remediation strategies or correction within the scope of their own Underwriting Authority.
• Partners with senior management to set clear objectives and strategies, manages annual budget process and assists in strategic matters relevant to the overall direction of the portfolio.
• Leads the development of new property and casualty products tailored to evolving customer needs, leverages market insights and technological advancements for a competitive edge.
• Establishes strong relationships with brokers and clients and other relevant stakeholders with the principal focus on growing the P&L within assigned authority.
• Develops insured specific risk transfer programs, gathers pertinent underwriting information conducts due diligence for risk selection and prepares and analyzes pricing models.
• Identifies prospective accounts in targeted markets, creates opportunities, coordinates RFPs, and follows through to a successful agreement.
• Recognizes and creates cross sell opportunities for products, works to understand options that best meet insured needs and negotiates terms and conditions with the agent or broker.
• Establishes consistent underwriting best practices, in accordance with underwriting guidelines, to ensure rating, pricing, profitability, and structuring adequacy.
• Liaises with other departments in ensuring underwriting process and guidelines are within company's standards and in compliance to risk compliance and audit requirements.
• Evaluates and implements technologies such as artificial intelligence and automation to streamline underwriting processes, deliver efficiency, and stay on top of industry advancements.
• Trains and develops less experienced staff on underwriting approach and compliance, policy documentation and administration, and other best practices.
Work Experience and Education:
• Bachelor's degree or Master's Degree in Risk Management, Actuarial or Business Administration.
• 8+ years of experience in Property and Casualty Underwriting.
Licenses & Certifications:
• State P&C and/or surplus line license required.
• Chartered Property Casualty Underwriter (CPCU), Associate in Commercial Underwriting (AU) a plus.
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 $142,120.00 - $186,532.00 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
The Assistant Vice President - Keystone Risk Partners is responsible for driving profitable growth through effective risk management and underwriting strategies, leading the development of innovative property and casualty products. The role contributes to the development of practice objectives, business targets, identifies opportunities in targeted markets and establishes consistent underwriting best practices. They build strong stakeholder relationships, implement cutting-edge technologies for efficiency, manage budgets and ensure compliance with underwriting standards and guidelines.
What will your job entail?
• Delivers profitable growth through effective risk selection, premiums, coverage and drives remediation strategies or correction within the scope of their own Underwriting Authority.
• Partners with senior management to set clear objectives and strategies, manages annual budget process and assists in strategic matters relevant to the overall direction of the portfolio.
• Leads the development of new property and casualty products tailored to evolving customer needs, leverages market insights and technological advancements for a competitive edge.
• Establishes strong relationships with brokers and clients and other relevant stakeholders with the principal focus on growing the P&L within assigned authority.
• Develops insured specific risk transfer programs, gathers pertinent underwriting information conducts due diligence for risk selection and prepares and analyzes pricing models.
• Identifies prospective accounts in targeted markets, creates opportunities, coordinates RFPs, and follows through to a successful agreement.
• Recognizes and creates cross sell opportunities for products, works to understand options that best meet insured needs and negotiates terms and conditions with the agent or broker.
• Establishes consistent underwriting best practices, in accordance with underwriting guidelines, to ensure rating, pricing, profitability, and structuring adequacy.
• Liaises with other departments in ensuring underwriting process and guidelines are within company's standards and in compliance to risk compliance and audit requirements.
• Evaluates and implements technologies such as artificial intelligence and automation to streamline underwriting processes, deliver efficiency, and stay on top of industry advancements.
• Trains and develops less experienced staff on underwriting approach and compliance, policy documentation and administration, and other best practices.
Work Experience and Education:
• Bachelor's degree or Master's Degree in Risk Management, Actuarial or Business Administration.
• 8+ years of experience in Property and Casualty Underwriting.
Licenses & Certifications:
• State P&C and/or surplus line license required.
• Chartered Property Casualty Underwriter (CPCU), Associate in Commercial Underwriting (AU) a plus.
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 $142,120.00 - $186,532.00 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
Source : Ryan Specialty Group
