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Binding Operations Coordinator
Ryan SpecialtyBinding Operations Coordinator managing binding process of insurance policies for Ryan Specialty. Ensuring compliance with underwriting guidelines and acting as a liaison between underwriters and brokers.
Core Competencies
Role fitCore Competencies
Use this summary to align your resume positioning with the role.
Demonstrates expertise in binding insurance policies, ensuring compliance with underwriting guidelines and regulatory requirements. Proficient in coordinating between underwriters and brokers while maintaining organized records and preparing performance reports.
Highest-signal resume keywords
Binding UnderwritingInsurance Policy AdministrationExcess & Surplus Lines (E&S)Client CommunicationPolicy Endorsement Processing
ATS Keywords
Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills
Insurance Policy BindingUnderwriting Application AdministrationPolicy DocumentationQuote PreparationPerformance Reporting
Soft Skills
Attention to DetailOrganizational SkillsCommunication Skills
Industry Keywords
Regulatory ComplianceBinding Underwriting GuidelinesInsurance IndustryBroker CoordinationPolicy Terms and Conditions
About the role
Key responsibilities & impact- Assists the process of binding insurance policies, ensuring accuracy and compliance with binding underwriting guidelines and regulatory requirements.
- Administers underwriting applications with the information necessary to rate, document and issue accurate and compliant policies.
- Assists with new business submission with directions from the Binding Underwriter to prepare and market to carrier.
- Coordinates between Underwriters and brokers by responding to inquiries, works with brokers to obtain information needed to quote, and provides revised quotes as requested.
- Processes and issues policy endorsements, including changes to coverage, limits, or policy terms, ensuring accuracy and timely implementation and tracks cancellation notifications, non-renewal, and renewal solicitation notifications.
- Maintains comprehensive and organized records of all binding transactions and related documentation, including policy details, endorsements, and client information.
- Communicates with clients to collect required information, explains policy terms and conditions, and addresses any questions or concerns related to the binding process.
- Executes the work assigned by underwriters and underwriting assistants when they are out of the office or otherwise unavailable.
- Prepares reports related to policy binding metrics, performance, and compliance, providing insights for process improvement.
Requirements
What you’ll need- 1+ years of work experience in Insurance Industry or Binding Underwriting or related field
- Work exposure and understanding of Excess & Surplus Lines (E&S)
Benefits
Comp & perks- Paid time off for company holidays
- Vacation
- Sick and personal days
- Paid parental leave
- Mental health services