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Ryan Specialty · 1 day ago

Brokerage and Underwriter Assistants, Introduce Yourself HERE!

Chicago, IL

Full-time

Onsite

New Grad, Entry Level

$20/hr - $25/hr

Ryan Specialty is a company that invites RMI students and career changers to explore opportunities within the insurance industry. The role involves assisting in brokerage operations and underwriting tasks, providing administrative support, and ensuring compliance with industry regulations.

Financial ServicesInsuranceRisk Management

Comp. & Benefits

Responsibilities

Assists in executing and coordinating day-to-day brokerage operations and supports the implementation and improvement of operational procedures

Coordinates with the broker to prepare documents, cover letters etc. to market renewal business and provides necessary administrative support in filing, printing, and archiving documents

Administers and updates new and current client information in all required systems accurately

Maintains accurate and organized records of client accounts, transactions, and other relevant documentation and ensures compliance with record-keeping regulations

Performs customer service functions by answering broker requests and questions by telephone, email, chat, or in person

Contributes to the preparation of compliance reports related to brokerage operations and collaborates across broker and finance teams on business requirements

Adheres to regulatory requirements and internal policies and assists in the preparation of compliance reports

Assists in identifying and mitigating operational risks and collaborates with risk management teams to implement controls

Supports the Brokerage team with any ad hoc tasks and requests

Evaluates and maintains existing policy information to ensure data is current, accurate, and appropriately priced for renewal

Responds to client requests and questions, offering information and advice regarding the insurance products & underwriting appetite

Communicates with clients to gather necessary information, resolves inquiries, and ensures a smooth underwriting process

Prepares and organizes documentation related to underwriting submissions and policy issuance

Assesses risks associated with individual insurance applications, considering both standard and substandard criteria

Provides support in premium calculations, ensuring accurate application of rates based on underwriting guidelines

Builds and maintains reports on underwriting activities, key performance indicators, and relevant metrics

Conducts internal and external audits by providing necessary documentation and information related to underwriting activities

Ensures adherence to company policies, guidelines, industry regulations, and compliance standards in underwriting activities

Collaborates with underwriting teams to relay information, coordinate tasks, and contribute to the overall underwriting process

Serves as the key point of contact for customers and agents and delivers excellent customer service by addressing inquiries, resolving issues, and ensuring a positive experience for them

Qualification

Insurance knowledgeCustomer serviceData managementCompliance reportingTeam collaboration

Required

RMI student eager to start your career after your upcoming graduation

Currently working as an insurance assistant looking for a better culture and career projection

Career changer interested in exploring a move into the competitive industry

Assists in executing and coordinating day-to-day brokerage operations

Supports the implementation and improvement of operational procedures

Coordinates with the broker to prepare documents, cover letters etc. to market renewal business

Provides necessary administrative support in filing, printing, and archiving documents

Administers and updates new and current client information in all required systems accurately

Maintains accurate and organized records of client accounts, transactions, and other relevant documentation

Ensures compliance with record-keeping regulations

Performs customer service functions by answering broker requests and questions by telephone, email, chat, or in person

Contributes to the preparation of compliance reports related to brokerage operations

Collaborates across broker and finance teams on business requirements

Adheres to regulatory requirements and internal policies

Assists in the preparation of compliance reports

Assists in identifying and mitigating operational risks

Collaborates with risk management teams to implement controls