Job Description

The Property Underwriter is responsible for evaluating, pricing, and structuring commercial property risks across both primary and excess layers. This role requires strong technical underwriting judgment, the ability to analyze catastrophe exposure and layered/tower placements, and close collaboration with brokers, reinsurers, and carrier partners to grow a profitable book of business within delegated authority.

What will your job entail?

Key Responsibilities

• Underwrite new and renewal commercial property business on both a primary and excess basis, evaluating risk quality, exposure, and pricing adequacy in accordance with underwriting guidelines and delegated authority.
• Analyze property schedules, statement of values (SOVs), loss runs, COPE data (Construction, Occupancy, Protection, Exposure), and engineering reports to assess risk.
• Evaluate catastrophe (CAT) exposures — including wind, flood, earthquake, and wildfire — using modeling tools (e.g., RMS, AIR/Verisk, CoreLogic) and apply appropriate terms, pricing, and capacity.
• Structure excess and layered/tower placements, coordinating attachment points, limits, and terms with primary carriers, other excess markets, and reinsurance treaty guidelines.
• Price risks using rating tools, capacity models, and technical pricing methodologies; negotiate terms, conditions, and pricing with brokers.
• Review and negotiate policy terms, conditions, exclusions, and endorsements; issue quotes, binders, and policies within authority levels.
• Manage a book of business to meet growth, profitability, retention, and loss ratio targets.
• Build and maintain strong relationships with wholesale and retail brokers to drive submission flow and market the MGA's appetite and capabilities.
• Monitor treaty/facultative reinsurance requirements and ensure placements comply with binding authority agreements and carrier guidelines.
• Partner with actuarial, catastrophe modeling, claims, and reinsurance teams to inform pricing, portfolio management, and risk selection.
• Maintain accurate underwriting files, documentation, and compliance with audit and regulatory requirements.
• Monitor market trends, competitor activity, and capacity conditions across the primary and excess property markets.
• Participate in carrier and reinsurance partner audits and stewardship meetings.

Qualifications

Required:

• 3+ years of commercial property underwriting experience, with direct exposure to both primary and excess layers.
• Strong understanding of property insurance principles, including COPE analysis, CAT modeling, and layered/tower placement structures.
• Experience underwriting complex, large-account, or catastrophe-exposed property risks.
• Proficiency with catastrophe modeling software (RMS, AIR/Verisk Touchstone, or similar) and rating/pricing tools.
• Strong analytical, negotiation, and decision-making skills.
• Excellent verbal and written communication skills; ability to build broker relationships.
• Bachelor's degree in business, finance, risk management, or related field (or equivalent industry experience).

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.

How We Support Our Teammates

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. In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.

The target salary range for this position is $88,000.00 - $110,000.00 annually.

The wage range for this role considers many factors, such as training, transferable skills, work experience, licensure and certification, business needs, and market demands. The pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com/.

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 HR@Ryansg.com

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.