Ryan Specialty Group

Associate Broker

Ryan Specialty Group • $100K — $125K *
Tampa, FL 33647In-Person
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business Administration, Sales, or Risk Management preferred
  • 1 year of work experience in Wholesale brokerage, Commercial insurance coverages, Sales or Underwriting preferred
  • State P&C and/or surplus line licenses required
  • CPCU certification preferred, CISR designation a plus
  • Strong understanding of insurance market dynamics and technical language

Responsibilities

  • Ensure quality control of all files by scrutinizing policies and documentation for accuracy
  • Draft clear, error-free submissions to communicate terms with underwriters
  • Review and analyze risks, rate submissions, and assess exposures
  • Issue quotes and binders to maintain revenue and retention
  • Deliver exceptional customer service during marketing activities
  • Negotiate pricing and terms effectively with underwriters
  • Communicate policy document corrections ensuring stakeholder transparency
  • Build collaborative relationships with clients and team members to drive revenues

Benefits

  • Eligible for bonuses and full benefits package
  • Commitment to ongoing professional development
  • Access to educational courses and licensing programs
  • Opportunity to grow a robust network within the industry
  • Work environment that encourages open communication and trust
Full Job Description
Position Summary
The Associate Broker is responsible for ensuring the quality and efficiency of brokerage and delivering client service under the guidance of the broker. The role requires engagement with underwriters to secure optimal pricing for their clients and terms and identifies and resolves errors. They actively pursue new business opportunities and are committed to continuous learning and professional development.

What will your job entail?

Job Responsibilities:
• Ensures quality control across all files, meticulously scrutinizing active and expired policies, endorsements, and documentation for accuracy, timeliness, and adherence to policies.
• Drafts error free submissions to communicate coverage terms with underwriters under the guidance of the broker, weaving together technical insurance jargon with clear and concise client-friendly language.
• Reviews, analyzes, and underwrites risks, rates submissions for premium and terms and analyzes exposures for quotes for new and renewal business.
• Issues quotes and binders, processes new business to grow revenues and maintain retention and profitability.
• Delivers customer service during the marketing of new and renewal business to underwriters and clients.
• Possesses understanding of market dynamics and confidently negotiates pricing and coverage terms with underwriters, consistently securing favorable outcomes for clients.
• Communicates corrections and clarifications in all policy documents to clients and underwriters, ensuring transparency with all stakeholders.
• Forges collaborative relationships with clients, agents, and internal teams, encouraging open communication and a culture of trust that results in increased revenues and increased policy retention.
• Develops a robust network of industry contacts, fostering mutually beneficial relationships that contribute to consistent sales pipeline growth.
• Demonstrates a commitment to ongoing professional development by diligently completing assigned educational courses, professional designations, and licensing programs.
Work Experience and Education:
• Bachelor's degree required in Business Administration, Sales, or Risk Management preferred.
• 1 year of work experience in Wholesale brokerage, Commercial insurance coverages, Sales or Underwriting is preferred. Any other related discipline or commensurate work experience considered.

Licenses & Certifications:
• Must meet minimum requirements for state P&C and/or surplus line licenses.
• Chartered Property Casualty Underwriter (CPCU) (Preferred), or Certified Insurance Service Representative (CISR) a plus.

The target salary range for this position is $100,000.00 - $125,000.00 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 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 https://benefits.ryansg.com/.

About Ryan Specialty Group

Ryan Specialty Group (RSG) is a leading international specialty insurance organization that provides innovative solutions for brokers, agents and insurance carriers. The company was founded in 2010 by industry veteran Patrick G. Ryan, the founder and former Chairman and CEO of Aon Corporation. RSG?s mission is to provide the highest quality insurance products and services to its customers, delivered with unparalleled expertise and customer service. The company operates as a holding company with subsidiaries that offer a wide range of specialty insurance products and services.
Learn more about Ryan Specialty Group
Size
2,000 employees
Market Cap
$10.6 billion
Industry
Founded
2010

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