Inside Broker

JOB SNAPSHOT:

Employee Type: Full-Time

Location:

New York, NY, US, 10036

Job Type: Sales

Secondary Location:

Years of Experience:

RT Specialty, a division of Ryan Specialty is looking for an Inside Broker to join our New York team. We are a fast paced, energetic and rapidly growing organization that offers a great opportunity for someone interested in further developing their career. Ryan Specialty has been named one of America’s Most Loved Workplaces by Newsweek, and has been named 2023 Top Insurance Employer by Insurance Business America.

Position Summary:

Responsible for assisting Broker in developing, managing and sustaining profitable business by providing high level technical expertise and customer service. Responsible for managing a Broker’s book of business in-house.

Essential Functions:

Assists Broker in managing the service and market placement of Broker's portfolio of commercial insurance accounts.
Maintains cooperative and dependable relationships with retail agencies and brokerages; may make marketing calls to the agencies/brokerages on behalf of the Broker.
May be responsible for targeted revenue goals.
Demonstrates broad knowledge of commercial insurance coverages with insurance carriers and other markets.
Evaluates submissions from retail insurance brokers; identifies exposures and coverage required.
Identify appropriate markets to request quotes from based on coverage requirements.
Follows through with market placements as agreed with Broker.
May create submissions to insurance market selections.
Communicates and negotiates with insurance markets and retail brokers.
Evaluates quotes and contract provisions offered by insurance markets.
May present competitive pricing, contract language and necessary details on quotes to retail insurance brokers and will discuss any questions and binding of quote with an agent.
Successfully negotiates market placement of new and/or renewal business as directed by Broker; bind orders.
Works to help ensure all documents are attached and maintained for the appropriate policy/account.
Other duties as assigned.

Education/Experience/Skills:

Bachelor's degree preferred; equivalent experience and knowledge considered.
5+ years of relevant experience in a commercial insurance brokerage or underwriting environment.
Wholesale brokerage experience preferred.
Demonstrated understanding of commercial insurance coverages and relevant forms.
Must be licensed by appropriate state or be able to quickly obtain insurance license.
Track record of trusted working relationships with carriers and markets.
Highest level of customer relations and negotiating skills to effect profitable results.
Independent judgment is required to plan, prioritize and organize diversified workload.
Critical attention to details.
Proficient in Microsoft Office including Word, Outlook and Excel.
Ability to travel as needed.
May be required to have and maintain a valid driver’s license

Disclaimer

Ryan Specialty is an Equal Opportunity Employer.

We are committed to building, growing, and sustaining a diverse workforce that is reflective of society throughout the entirety of the organization and throughout the insurance industry.

We aspire to cultivate a company that is both inclusive and equitable, where every employee is recognized and assessed based on their performance and contributions.

We strive to harness our differences and commonalities to better serve our clients, trading partners, workforce, and communities.

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 wellbeing goals. In addition to our comprehensive benefits package, we encourage a diverse workforce that allows you to manage your wellbeing and work/life balance. We understand that you have a life outside of work. That's why we offer paid time off for vacation, sick and personal days. In addition, we offer paid parental leave and paid company holidays.

Ryan Specialty values a diverse workplace where all colleagues feel empowered to be their authentic selves, and we are proud to be an equal-opportunity workplace. Ryan Specialty provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. Ryan Specialty is committed to a diverse workforce.

The target salary range for this position is $125,000-$150,000 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 base 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.