Position SummaryThe Vice President, Transactional Liability Underwriting is responsible for developing M&A underwriting strategies, policies and plans that grow the transactional liability business, driving profitability, and building a high-performing team. The role establishes and enforces rigorous underwriting frameworks, risk management methodologies and setting industry standards. They mitigate potential risks and advocate for policy changes that lead to more successful outcomes for M&A deals.
What will your job entail?Responsibilities:- Shapes and defines the overarching strategic vision for the M&A underwriting business, sets long-term objectives and influences Ryan Specialty's overall corporate strategic direction.
- Serves as the advisor for the executive leadership team, answers transactional liability underwriting queries and strategically inputs on business decisions.
- Drives the implementation of company-wide policies and frameworks within the transactional liability unit, leads cross-functional initiatives and ensures increased success for M&A deals.
- Provides expert counsel on warranties & indemnity, tax & contingence insurance and strategic insights to the leadership team and ensures sound risk management practices.
- Oversees the development of new insurance products within the underwriting portfolio, leveraging market insights, customer needs, and emerging industry trends.
- Drives financial performance for the entire transactional liability portfolio, exceeds industry benchmarks, implements strategic acquisitions, and diversifies revenue streams for growth.
- Manages financial performance, develops and monitors budgets, analyzes financial reports, and implements strategies to achieve financial targets.
- Stays updated with legal and regulatory landscapes, mitigates potential risks and advocates for policy changes that benefit all parties involved in deals consideration, establishes and enforces rigorous underwriting frameworks and risk management methodologies.
- Mentors and guides directors and managers, builds their leadership capabilities and strategic acumen to ensure sustainable success for the transactional liability business.
- Champions a culture of innovation, collaboration, and continuous learning within the team, fosters creative problem-solving and adaptability to market shifts and challenges.
- Provides training and mentorship to less experienced staff, focusing on underwriting approaches, compliance, policy documentation, administration, and other best practices.
Work Experience:Minimum of 15 years of work experience in Insurance Underwriting or related field with a minimum of 7 years of management experience will be preferred.
Education:Bachelor's degree required, Master's degree preferred; Business Administration, Finance, and Risk Management preferred. Any other related discipline or commensurate work experience considered.
Licenses & Certifications:Prescribed: Minimum requirements for state P&C and/or surplus line licensesPreferred: Associate in Risk Management (ARM), Certified Merger and Acquisition Advisor (CM&AA)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 $154,770.00 - $154,770.00 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 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 ...@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.