Underwriter I, Recreational Marine at Ryan Specialty | Boston, MA, US | Rezi

Underwriter I, Recreational Marine at Ryan Specialty

Underwriter I, Recreational Marine

Ryan Specialty · Boston, MA, US

5 days ago

Underwriter I, Recreational Marine

Ryan Specialty · Boston, MA, US

5 days ago
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About the Role

The Underwriter I evaluates, selects, prices, and manages new and renewal marine risks. This role analyzes submissions, recommends coverage terms, supports profitable portfolio growth, and builds relationships with brokers and clients. The underwriter applies company guidelines and judgment to deliver responsive service and disciplined underwriting results.

Responsibilities

  • Underwrite new and renewal marine business in accordance with underwriting guidelines, risk appetite, delegated authority, carrier requirements, and applicable laws and regulations.
  • Review applications, loss information, exposure data, inspections or surveys, financial information, policy forms, endorsements, and other submission materials; request additional information when needed.
  • Assess risk characteristics and accumulation or catastrophe exposure, then accept, modify, refer, or decline risks within established authority.
  • Determine or recommend appropriate limits, deductibles, rates, premiums, terms, conditions, exclusions, subjectivities, and coverage structure.
  • Prepare and communicate quotes, indications, bind requests, declinations, and renewal terms accurately and within service expectations.
  • Manage an assigned portfolio by monitoring rate, retention, mix of business, loss activity, exposure changes, and overall underwriting performance.
  • Identify opportunities for new business, account rounding, cross-selling, and retention while maintaining underwriting discipline.
  • Negotiate coverage and pricing with brokers or agents and explain underwriting decisions, information requirements, and product appetite.
  • Maintain complete, accurate, and timely underwriting documentation in designated systems and support policy issuance, endorsements, audits, and file reviews.
  • Partner with claims, actuarial, operations, compliance, finance, risk engineering or loss control, legal, and other teams to evaluate risk and improve portfolio outcomes.
  • Monitor market conditions, emerging marine exposures, regulatory developments, loss trends, and competitor activity; share relevant insights with the team.
  • Participate in broker meetings, client visits, industry events, training, and business planning activities as assigned.

Requirements

  • Minimum of 3 years of commercial property and casualty underwriting experience.
  • Working knowledge of underwriting principles, policy forms, pricing concepts, exposure analysis, and portfolio management.
  • Ability to analyze complex submissions, make timely decisions, document rationale, and operate within delegated authority.
  • Strong communication, negotiation, relationship management, organization, and attention to detail.
  • Proficiency with underwriting systems, Microsoft Office applications, and data or reporting tools used by the business.
  • Ability to obtain and maintain required property and casualty and/or surplus lines licenses in applicable jurisdictions.

Skills

  • Marine underwriting
  • Underwriting principles
  • Policy forms
  • Pricing concepts
  • Exposure analysis
  • Portfolio management
  • Risk assessment
  • Communication
  • Negotiation
  • Relationship management
  • Organization
  • Attention to detail
  • Microsoft Office
  • Data analysis

Location

  • Remote

Work Type

  • Full-time

Experience Level

  • Minimum of 3 years of commercial property and casualty underwriting experience

Education Level

  • Bachelor's degree in insurance, risk management, business, finance, maritime studies, or a related field; equivalent relevant experience may be considered.
  • Professional designation such as CPCU, AU, ARM, AMIM, CIC, or another relevant insurance credential preferred, but not required.
  • Chartered Property Casualty Underwriter (CPCU) is a plus.

Salary/Compensations

  • $85,855.00 - $100,000.00 annually

Benefits

  • Paid time off for company holidays, vacation, sick and personal days
  • Paid parental leave
  • Mental health services
  • Bonuses

About the Company

  • 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.
  • 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.

Equal Opportunity

  • 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.
  • 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.