Structured Insurance Operations Specialist

Overview

Position Summary

The Structured Insurance Operations Specialist is responsible for structured insurance and reinsurance operations activities, including development, implementation, and performing processes that will enable efficient underwriting of structured insurance risks, preparation of risk and coverage documentation, premium management, and coverage management and issuance. This position will ensure operational compliance in connection rating, quoting, binding and issuance of insurance for multiple carriers, as well as being responsible for meeting the reporting needs of the business.

This leadership position for USQRisk oversees certain operations and team members, ensuring profitability and sustainable growth for carrier markets. The Structured Insurance Operations Specialist will work closely and collaboratively to assure goals are achieved. USQRisk is a leading, global alternative risk transfer MGU providing structured (re) insurance solutions for complex and unique risks.

Key Responsibilities

• Report to Chief Strategy Officer of USQ.
• Lead the drafting and assembly of insurance and reinsurance policies, working with the legal and Underwriting teams to ensure accuracy, completeness, and compliance with carrier and regulatory requirements.
• Expand on and develop new operational processes supporting structured insurance underwriters, with a focus on policy administration systems, policy documentation, and underwriting workflows.
• Affect compliance with guidelines internal policies and guidelines, and with applicable law and regulations.
• Manage operational processes for quoting, binding, and issuing insurance quotes, binders, policies (including reinsurance) for structured insurance business with multiple carriers, with a focus on policy assembly and issuance.
• Work with carriers, brokers and underwriters to assure that structured insurance underwriting operations activities are timely performed and stakeholders’ needs are addressed.
• Ensure operational compliance processes for the quoting, binding, and issuance of structured insurance policies (including reinsurance), including applicable surplus lines law and regulation with respect to USQ’s pertaining activities.
• Manage economic and risk performance reviews of insureds (including reinsureds) and assist with all related insurance and reinsurance change activities.
• Assure that premium invoicing, collection, and returns are accurate, timely, and properly recorded.
• Manage data collection and input with policy administration systems and ensure data continuity across operations, finance, and underwriting functions.
• Communicate effectively with stakeholders, including brokers, agents, and clients, to maintain strong relationships.
• Develop and provide best-in-class service to all stakeholders.

• Provide mentorship and training to junior operations staff, ensuring technical excellence, adherence to goals and guidelines, and effective use of systems.
• Partner with internal teams to optimize processes and department and broader business goals.

This position requires technical expertise and experience in property and casualty underwriting operations, including a strong understanding on policy assembly and issuance requirements, and premium accounting processes. The successful candidate is comfortable with new concepts, ideas and processes, but brings business experience to help guide them. Some management skills are preferred.

• Licenses &
  
  Certifications:
  
  Chartered Property Casualty Underwriter (CPCU), Associate in Commercial Underwriting (AU) or Associate in Risk Management (ARM) is beneficial, but not required
• Technical/Functional
  
  Skills:
• Data Analytics
• Regulatory Knowledge
• Leadership
• Technical Proficiency

Minimum 8 years of property & casualty underwriting and/or policy and premium operations experience – some exposure to structured insurance solutions is preferred.

Bachelor’s degree 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…