Vice President of Business Expansion

6 days ago

New York, New York, United States Ryan Specialty Full time
Job Summary

The Vice President, Business Development is a key leadership role responsible for driving the company's global business development initiatives. This position plays a critical role in identifying and securing new opportunities for product and service innovation, developing strategic partnerships, and overseeing budget and resource allocation to achieve Key Performance Indicators (KPIs) and metrics targets.

Key Responsibilities
  • Develop and implement business development policies and strategies to propel business and organizational performance.
  • Lead the development of company-wide business development initiatives based on insights from the latest industry trends and competitive landscape.
  • Advise the executive leadership team on market landscape and competitor strategy, providing input on business decisions.
  • Develop a comprehensive strategic partnership roadmap to expand business reach through new channels.
  • Translate strategic vision into impactful financial results, ensuring business development activities contribute to organizational success.
  • Provide expertise in alternative insurance products and services through continuous improvements, innovation, and adaptation to market changes.
  • Sponsor and authorize strategic projects that have a direct impact on revenue and profitability, closely monitoring their progress, execution, and results.
  • Lead merger and acquisition activities for the insurance business, overseeing the screening of potential acquisition targets and crafting mutually beneficial partnerships.
  • Oversee budget and resource allocation for business development initiatives to maximize return on investment.
  • Represent the company in industry events, corporate events, conferences, and professional gatherings to build the company's presence and establish valuable connections.
Requirements
  • Minimum of 15 years of experience in Strategic Business Development, Sales, Commercial with a minimum of 7 years of management experience.
  • Bachelor's degree required, Master's degree preferred; Business Administration, Sales and Insurance preferred.
  • State P&C and/or surplus line licenses required; Certified Business Development professional (CBDP), Certified Sales and Marketing Professional (CSMP) preferred.
Benefits

Ryan Specialty offers a comprehensive and best-in-class benefits package to support the well-being of its employees and their family members. This includes paid time off for company holidays, vacation, sick and personal days, paid parental leave, mental health services, and more.

The target salary range for this position is $191,475.00 annually, with bonuses and benefits available for full-time roles. For additional information on Ryan Specialty's Total Rewards, visit our website.

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