Underwriting Auditor - Depew, United States - Ryan Specialty, LLC

Description

Ryan Specialty is looking for an Underwriting Auditor to join our team. We are a fast paced, energetic and rapidly growing organization that offers a great opportunity for someone interested in further developing their career. Ryan Specialty has been named one of America's Most Loved Workplaces by Newsweek, and has been named 2023 Top Insurance Employer by Insurance Business America.

Position Summary:

The Underwriting Auditor is responsible for the examination and analysis of underwriting files, policies, and/or accounts to determine underwriting effectiveness. Through proper analysis and investigation, the Auditor will be responsible for evaluating files, preparing reports that indicate whether procedures/guidelines were followed, and communicating these results. This individual will utilize strong and effective communication skills with Underwriters, Underwriting support teams, and managers in an effort to share information, educate, and reinforce proper underwriting/procedural standards.

Essential Functions:

• Collect and analyze data to detect deficiencies in underwriting, processing, or customer service.
• Ability to navigate multiple carrier websites as well as internal company websites and programs to locate the information necessary to review the underwriting file.
• Prepare reports to communicate audit results and recommendations to management and other key employees.
• Identify opportunities for process improvement to help eliminate duplicated effort, inefficiencies, non-compliance with regulations or underwriting guidelines, and/or management policies.
• Assist with testing of the company's internal processes, systems, and controls to ensure efficiency, effectiveness, and use of accepted underwriting procedures.
• Develop recommendations to strengthen internal controls, improve business processes, and verify that proper internal control safeguards are in place.
• Ability to prepare effective written communication documents, including summaries, reports, and lists of deficiencies.
• Other relevant duties as assigned.

Education/Experience/Skills:

• Bachelor's degree in a related field is preferred.
• Minimum of 5 years relevant work experience in insurance or regulatory compliance is required.
• Experienced with Microsoft Office programs (Word, Excel, and Outlook).
• Must have insurance industry knowledge and experience, specifically with a background in underwriting.
• Must have superior project management and process improvement skills.
• Innate ability to use an analytical approach to resolve complex issues is required.
• Must be an enthusiastic, positive person who embraces a collaborative, team-oriented environment.
• Establish collaborative working relationships and actively develop them to more effectively accomplish work objectives.
• Ability to multi-task; set priorities, develop a work schedule, monitor progress towards goals and evaluate processes/results while maintaining strong attention to detail.
• Strong skills in researching, interpreting and translating complex information to a diverse audience.

Disclaimer

Ryan Specialty is an Equal Opportunity Employer.We are committed to building, growing, and sustaining a diverse workforce that is reflective of society throughout the entirety of the organization and throughout the insurance industry.We aspire to cultivate a company that is both inclusive and equitable, where every employee is recognized and assessed based on their performance and contributions.We strive to harness our differences and commonalities to better serve our clients, trading partners, workforce, and communities.

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 wellbeing goals. In addition to our comprehensive benefits package, we encourage a diverse workforce that allows you to manage your wellbeing and work/life balance. We understand that you have a life outside of work. That's why we offer paid time off for vacation, sick and personal days. In addition, we offer paid parental leave and paid company holidays.

Ryan Specialty values a diverse workplace where all colleagues feel empowered to be their authentic selves, and we are proud to be an equal-opportunity workplace. Ryan Specialty provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. Ryan Specialty is committed to a diverse workforce.

The target salary range for this position is $55,000 - $80,000 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 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

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.