Account Executive

3 weeks ago

Richmond, Virginia, United States Ryan Specialty Full time
Job Summary:

The Account Executive role at Ryan Specialty involves assisting the Broker team in executing trades, managing accounts, and ensuring regulatory compliance. This position requires collaboration with internal teams, staying informed on market trends, and providing strategic insights to clients. Key responsibilities include assisting in new business and renewal submissions, reviewing policy documents and invoices, and other client service activities.

Key Responsibilities:

Prepares accounts for new business and renewal processes as directed by the Broker.
Initiates renewal reviews to deliver optimal client coverage and suggests steps for client retention.
Supports the Broker in creating market submissions and quote cover letters for agents and reviews received documents to ensure accuracy.
Builds relationships with Brokers and demonstrates understanding of brokerage operations to proactively support business needs.
Collaborates with the Broker to drive renewals and solicits new business through client referrals.
Prepares new business strategies in collaboration with Brokers, including proposals and presentations for new client opportunities.
Evaluates and mitigates risks associated with accounts and ensures adherence to industry regulations and internal policies.
Ensures accuracy of new and existing data in internal systems, creates accurate documentation, and performs functions as defined by guidelines while meeting quality and service standards.
Generates reports on performance and other defined metrics by leveraging data and insights to inform the Broker on portfolio trends and delivers value that may enhance the book of business.

Requirements:

Minimum of 1 year of experience in the Insurance industry with a Bachelor's degree.
Bachelor's degree required; Business Administration, Sales, and Risk Management preferred. Any other related discipline or commensurate work experience considered.
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 offers a comprehensive and best-in-class benefits package that helps employees achieve their physical, financial, and emotional well-being goals. 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 $62,000.00 - $81,375.00 annually. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards, visit our website https://benefits.ryansg.com.

Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce that is reflective of society throughout the entirety of the organization. Our vision is an inclusive and equitable workplace where all employees are valued 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.

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