Broker

RT Specialty, a division of Ryan Specialty, is a leading wholesale distributor of specialty insurance products and services. Our experienced brokers are specialized in property, casualty, professional lines, transportation and workers’ compensation, providing creative solutions to retail brokerage firms. We define ourselves through our superior execution on behalf of our clients, which has established us as a leader in the industry.

Position Summary

The Broker is responsible for building strategic partnerships with agents and carriers, expanding reach and securing optimal placements. The role requires them to cultivate strong relationships and nurture existing business, while actively expanding their book through targeted outreach. They seamlessly coordinate between clients and markets, ensuring efficient service and prompt issue resolution guaranteeing accuracy, compliance, and timely delivery. They leverage their risk assessment expertise to independently place coverage, providing tailored solutions for diverse client needs.

What will your job entail?

Job Responsibilities:

Collaborates with senior and lead brokers, forging and nurturing enduring client relationships that drive both client retentions and expands the book of business.

Identifies new business leads, analyzes online and phone quote activity, and identifies opportunities to the business and address potential issues.

Interfaces between clients and markets, proactively addressing needs, resolving day-to-day issues, and delivering exceptional service and support.

Applies analytical skills to assess risk exposures and coverage needs in submissions, exercises independent judgment and strategic thinking to place risks with optimal carriers to deliver maximum client benefit.

Develops a comprehensive understanding of internal operations, effectively leveraging company resources and employing binding authority or brokering strategies to secure the most advantageous placements for clients.

Drives the insurance and brokerage processes comprising of completion, application handling, archiving, and pipeline management to ensure quick turnaround and optimal efficiency.

Ensures regulatory and procedural compliance, upholding company, industry, and departmental standards for standardized file management, documentation, and placement processes.

Develops robust relationships with insurance agents, other brokers, and carriers, actively participating in strategic networking events, internal sales meetings, and industry gatherings.

Demonstrates commitment to ongoing professional development by diligently completing assigned educational courses, professional designations, and licensing programs.

Work Experience and Education:

5+ years of work experience in Wholesale Brokerage, Commercial Insurance, Sales or Underwriting with a Bachelor’s degree or 3 years of work experience with a Master’s degree is preferred. Any other related discipline or commensurate work experience considered.

Licenses & Certifications:

State P&C and/or surplus line license is required.

Certified Insurance Service Representative (CISR) or Certified Insurance Counselor (CIC) is a plus.

#OLR

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 $240,000.00 - $300,000.00 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.