Underwriter
- Pay
- $85,855 – $100,000 per year
- Location
- Chicago, IL
- Listed
- 3 days ago
Position Summary
Velocity Risk Underwriters is a leading managing general agency specializing in catastrophe-exposed property insurance solutions. As part of Ryan Specialty, Velocity combines deep underwriting expertise, advanced analytics, and a collaborative culture to deliver innovative solutions for brokers and insureds nationwide.
We are seeking an experienced Underwriter II to join our growing team. This role is ideal for a relationship-driven property underwriting professional who enjoys analyzing complex risks, building broker partnerships, and contributing to a high-performing underwriting organization.
What will your job entail?
As an Underwriter, you will be responsible for evaluating, pricing, and managing new and renewal business within delegated authority while maintaining a profitable portfolio.
Key responsibilities include
- Underwrite and manage a portfolio of new and renewal property business.
- Evaluate submissions, loss history, CAT modeling results, risk characteristics, and exposure data to make sound underwriting decisions.
- Assess risk acceptability, coverage requirements, pricing adequacy, and policy structures.
- Negotiate terms, conditions, deductibles, and pricing with brokers to achieve profitable growth objectives.
- Develop and maintain strong relationships with wholesale and retail broker partners.
- Drive new business production while maximizing retention within your assigned portfolio.
- Collaborate with underwriting, brokerage, operations, claims, and carrier partners to deliver exceptional service.
- Ensure underwriting decisions comply with company guidelines, carrier requirements, and regulatory standards.
- Monitor portfolio performance and market trends to identify opportunities and emerging risks.
- Assist in achieving production, profitability, and retention goals established by leadership.
Required Qualifications
- Bachelor's degree in Risk Management, Business, Finance, Insurance, or a related field; equivalent experience will be considered.
- 5+ years of commercial property underwriting experience.
- Strong understanding of property underwriting principles, policy structures, pricing methodologies, and risk assessment.
- Experience evaluating complex commercial property risks.
- Strong analytical, negotiation, and decision-making skills.
- Excellent communication and relationship management abilities.
- Proficiency with underwriting systems, Microsoft Office, and data-driven decision making.
Preferred Qualifications
- Experience working within an MGA, wholesale, E&S, or specialty insurance environment.
- Experience underwriting catastrophe-exposed property risks.
- CPCU, AU, ARM, or other insurance designations.
- Knowledge of CAT modeling tools and property analytics platforms.
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 $85,855.00 - $100,000.00 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.
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.
Why Join Velocity?
- Opportunity to work with a recognized leader in specialty property underwriting.
- Entrepreneurial culture supported by the resources and stability of Ryan Specialty.
- Direct exposure to complex and challenging risks.
- Collaborative team environment with significant opportunity for professional growth.
- Competitive compensation and comprehensive benefits package.
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. 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.
Equal opportunity and legal notices
Ryan Specialty is an Equal Opportunity Employer. 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.
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
Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
From Ryan SG's careers page, first listed on Rolev.ai on November 6, 2026. Rolev.ai is not the employer.
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Common questions
What is the salary for the Underwriter role at Ryan SG?
The Underwriter posting at Ryan SG states compensation of $85,855 – $100,000 per year. Final pay may depend on location, experience, and interview evaluation on Ryan SG's official career site.
Where is the Underwriter job at Ryan SG located?
This Underwriter position at Ryan SG is located in Chicago, IL. Always check Ryan SG's application page for specific state eligibility or relocation policies.
How do I apply for the Underwriter position at Ryan SG?
This listing links directly to Ryan SG's Workday application page. You can apply directly on Ryan SG's site, or use Rolev.ai to check your resume fit, generate a zero-hallucination tailored resume and cover letter for this posting, and autofill the Workday application form in 1 click with the Rolev.ai Chrome extension. You always review the form and press Submit yourself.