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Ryan Specialty · 2 days ago

Inside Broker

New York, NY

Full-time

Onsite

Senior Level

$80K/yr - $100K/yr

5+ years exp

Ryan Specialty is a company focused on providing insurance solutions, and they are seeking an Inside Broker to assist in managing and developing profitable business. The role involves collaborating with brokers, analyzing risk exposures, and ensuring client satisfaction while managing a broker's book of business in-house.

Financial ServicesInsuranceRisk Management

Comp. & Benefits

Responsibilities

Collaborates with brokers to craft seamless service and strategic market placement for commercial accounts, ensuring client satisfaction and loyalty

Demonstrates knowledge of commercial insurance coverages, evaluates submissions from retail insurance brokers, and identifies exposures and coverage required

Analyzes risk exposures and coverage needs from broker submissions, exercising independent judgment and discretion to strategically place risks with optimal carriers

Determines suitable insurance markets for quote requests, secures quotes, and manages the placement process according to broker and market agreements

Analyzes and negotiates optimal quotes terms for coverage and pricing and explains quote details to brokers to facilitate binding decisions

Ensures lead generation through outbound calls, analyzes online and phone quote activity, and identifies opportunities to expand the business

Drives revenue development and growth of personal book of business through assigned sales targets

Partners with retail agencies and brokerage, acting as a key liaison between insurance markets and retail brokers and addressing their needs

Ensures meticulous account management by attaching and maintaining all necessary documents for the appropriate policy and account

Participates in assigned educational courses, professional designations, and licensing programs

Qualification

Commercial insurance knowledgeRisk assessmentBrokerage experienceSales experienceUnderwriting experienceP&C licenseCustomer serviceAccount managementCPCU certificationCIS certificationCommunication skillsNegotiation skillsTeam collaborationAttention to detailProblem-solvingTime management

Required

Minimum of 5 years of experience in Wholesale brokerage, Commercial insurance coverages, Sales or Underwriting with a Bachelor's degree, or 3 years and a Master's degree

Bachelor's degree required

Prescribed: Minimum requirements for state P&C and/or surplus line licenses