Binding Operations Coordinator

Position Summary<br /><br />The Binding Operations Coordinator is responsible for the binding process of insurance policies, ensuring adherence to underwriting guidelines and regulatory standards. The role includes inputting necessary information into underwriting applications for accurate policy rating, documentation, and issuance. They act as a liaison between underwriters and brokers, responding to inquiries, collecting information for quoting, and providing revised quotes. They also serve as backup for underwriters and underwriting assistants during their absence.<br />Job Responsibilities<br /><br />Assist in the binding process of insurance policies, ensuring accuracy and compliance with binding underwriting guidelines and regulatory requirements.<br />Administer underwriting applications with the information necessary to rate, document, and issue accurate and compliant policies.<br />Assist with new business submission to prepare and market to carrier per the Binding Underwriter’s directions.<br />Coordinate between underwriters and brokers by responding to inquiries, obtaining needed information to quote, and providing revised quotes as requested.<br />Process and issue policy endorsements, including changes to coverage, limits, or policy terms, ensuring accuracy and timely implementation; track cancellation notifications, non‑renewal, and renewal solicitation notifications.<br />Maintain comprehensive and organized records of all binding transactions and related documentation, including policy details, endorsements, and client information.<br />Communicate with clients to collect required information, explain policy terms and conditions, and address any questions or concerns related to the binding process.<br />Execute work assigned by underwriters and underwriting assistants when they are out of the office or otherwise unavailable.<br />Prepare reports related to policy binding metrics, performance, and compliance, providing insights for process improvement.<br />Work Experience<br /><br />Minimum of 1 year of work experience in the insurance industry or binding underwriting or a related field.<br />Education<br /><br />Bachelor’s degree required; Business Administration, Business Operations, and Sales preferred. Other related disciplines or commensurate work experience may be considered.<br />Licenses &amp; Certifications<br /><br />Prescribed: Minimum requirements for state P&amp;C and/or surplus line licenses.<br />Preferred: Certified Insurance Counselor (CIC).<br />Equal Opportunity Employer<br /><br />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.<br />Compensation<br /><br />The target hourly rate range for this position is $24.00 - $30.00 per hour. The wage range is subject to change and may be modified in the future. Full‑time roles are eligible for bonuses and benefits.<br />Benefits<br /><br />Benefits include paid time off for company holidays, vacation, sick and personal days, paid parental leave, mental health services, and more.<br />Accommodations<br /><br />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 [email protected].<br />Job Description Note<br /><br />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.<br /><br />#J-18808-Ljbffr