Account Manager

5 days ago


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

The Account Executive is a key member of our team, responsible for assisting the Broker team in executing trades, managing accounts, and ensuring regulatory compliance. This role requires strong collaboration with internal teams, staying informed on market trends, and providing strategic insights to clients. The Account Executive will also be responsible for assisting in new business and renewal submissions, reviewing policy documents and invoices, and other client service activities.

Key Responsibilities:

  • Prepare accounts for new business and renewal processes, ensuring optimal client coverage and suggesting steps for client retention.
  • Support the Broker in creating market submissions and quote cover letters for agents, reviewing received documents for accuracy.
  • Build relationships with Brokers, demonstrating understanding of brokerage operations to proactively support business needs.
  • Collaborate with the Broker to drive renewals and solicit new business through client referrals.
  • Develop new business strategies in collaboration with Brokers, including proposals and presentations for new client opportunities.
  • Evaluate and mitigate risks associated with accounts, ensuring adherence to industry regulations and internal policies.
  • Ensure accuracy of new and existing data in internal systems, create accurate documentation, and perform functions as defined by guidelines while meeting quality and service standards.
  • Generate reports on performance and other defined metrics, leveraging data and insights to inform the Broker on portfolio trends and deliver value that may enhance the book of business.
  • Collaborate with internal teams to ensure contractual obligations are met, resolve invoicing issues with stakeholders in Premium Accounting, and communicate on notices of cancellation.
Requirements:

  • Minimum of 1 year of experience in the Insurance industry with a Bachelor's degree.
Education:

  • Bachelor's degree required; Business Administration, Sales, and Risk Management preferred. Any other related discipline or commensurate work experience considered.
Licenses and Certifications:

  • Prescribed: Minimum requirements for state P&C and/or surplus line licenses.
  • Preferred: Certified Insurance Service Representative (CISR), Commercial Insurance License (CIL).
Benefits:

Ryan Specialty Group offers a comprehensive and best-in-class benefits package that supports the well-being of our employees and their family members. This includes paid time off for company holidays, vacation, sick, and personal days, as well as paid parental leave, mental health services, and more. The target salary range for this position is $62,000.00 - $81,375.00 annually. 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.
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