Underwriting Associate - Commercial Property

Position Summary Velocity Risk is seeking an early-career insurance professional to join our Property Underwriting team in Chicago. This opportunity is well suited for an Underwriting Assistant looking to build toward an underwriting career, a recent college graduate interested in commercial property insurance, or an early-career underwriter with approximately 1–2 years of property underwriting experience. In this role, you will work closely with experienced underwriters to evaluate property risks, support new and renewal business, prepare accounts for underwriting review, and develop an understanding of risk selection, pricing, coverage, and Velocity’s underwriting appetite.

The position offers hands‑on exposure to the underwriting process and the opportunity to take on increasing underwriting responsibility as your knowledge and experience grow. This position requires the ability to work a hybrid schedule from our Wacker Drive office in downtown Chicago.

Bachelor’s degree in Risk Management & Insurance, Finance, Business, Economics, or a related discipline preferred; equivalent relevant insurance experience will also be considered.

We are open to candidates at multiple early-career stages, including:

• Underwriting Assistants or other insurance professionals interested in developing into an underwriting role;
• Recent college graduates with relevant coursework, internships, or demonstrated interest in commercial insurance;
• Underwriter Trainee / Underwriter I candidates with approximately 1–2 years of commercial property underwriting experience.

Prior exposure to commercial property insurance, underwriting, brokerage, or another P&C insurance environment is a plus but not required for recent graduates.

Interest in developing technical expertise in commercial property underwriting and building a long‑term career in underwriting.

Strong analytical skills and comfort working with detailed exposure, financial, and risk information.

Strong written and verbal communication skills with an ability to build relationships with brokers and internal partners.

Detail‑oriented, organized, and able to manage multiple submissions and priorities in a fast‑paced environment.

Ability to obtain any applicable P&C and/or surplus lines licensing required for the role.

Insurance coursework or professional designations such as CPCU or AU are a plus but not required.

Chicago, Illinois Hybrid schedule with regular in‑office presence at our Wacker Drive location required.

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 their family members achieve their physical, financial, and emotional well‑being goals. In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and…