Broker

Ryan Specialty Group

Livonia, Michigan

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JOB DETAILS

SKILLS

Alliance/Partner Management, Analysis Skills, Brokerage, Compensation and Benefits, Corporate Compliance, Customer Relations, Customer Retention/Renewal, Documentation, File Management, Industry Standards, Inside Sales, Insurance, Insurance Sales, Licensing, Maintain Compliance, Networking Events, Performance Analysis, Problem Solving Skills, Retail, Risk Analysis, Sales Pipeline, Service Delivery, Time Management, Underwriting, Wholesale Industry, Worker's Compensation

LOCATION

Livonia, Michigan

POSTED

3 days ago

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 expand 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

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 $120,000.00 - $150,000.00 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

About the Company

Ryan Specialty Group

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