Account Manager

3 days ago

Houston, Texas, United States Ryan Specialty Full time
Job Summary:

The Account Executive is a key member of the Ryan Specialty team, responsible for assisting the Broker team in executing trades, managing accounts, and navigating regulatory compliance. This role requires strong collaboration with internal teams, staying informed on market trends, and offering strategic insights about clients. The Account Executive is also 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 the renewal process as directed by the broker, initiate renewal reviews to deliver optimal client coverage, and suggest steps for client retention.
  • Support the broker in creating market submissions and quote cover letters for agents and review received documents to ensure accuracy.
  • Build relationships with brokers and demonstrate understanding of brokerage operations to proactively support business needs.
  • Collaborate with the broker to drive renewals and solicit new business through client referrals.
  • Prepare new business strategies in collaboration with brokers, including proposals and presentations for new client opportunities.
  • Evaluate and mitigate risks associated with accounts and ensure 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 the guidelines while meeting quality and service standards.
  • Generate reports on performance and other defined metrics by 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).
About Ryan Specialty:

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.

Benefits:

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.

Compensation:

The target salary range for this position is $62,375.00 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 base pay range is subject to change and may be modified in the future. Full-time roles are eligible for bonuses and benefits. For additional information on Ryan Specialty Total Rewards, visit our website.

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