Ryan Specialty Group

Vice President

Ryan Specialty Group • $167K — $175K *
Finance & Insurance
11 - 15 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree required; Master's preferred in Business Administration, Sales, or Risk Management.
  • 15+ years of experience in Wholesale Brokerage, Commercial Insurance, Sales, or underwriting.
  • 7+ years of management experience preferred.
  • Required state P&C and/or surplus line license; CIC, CPCU, or AAI certification is a plus.
  • Comprehensive knowledge of commercial insurance and underwriting guidelines.

Responsibilities

  • Builds relationships with independent insurance agencies for business opportunities.
  • Maintains underwriting relationships with insurance carriers.
  • Pre-qualifies business opportunities through underwriting process.
  • Negotiates market placements for new and renewal business.
  • Meets targeted revenue goals by coordinating account objectives.
  • Responsible for successful completion of all account tasks and details.
  • Motivates and educates staff by blending leadership and technical skills.

Benefits

  • Comprehensive benefits package for physical, financial, and emotional well-being.
  • Paid time off for company holidays, vacation, sick, and personal days.
  • Paid parental leave and mental health services.
  • Eligibility for bonuses and additional benefits.
Full Job Description
Position Summary
The Vice President, Brokerage owns the overall brokerage strategy and policies for all offerings in alignment with business objectives.
The role is accountable for end-to-end renewals, new bids, and complex negotiations, ensuring competitive and profitable delivery and provides leadership support to secure profitable wins for large and complex deals.

What will your job entail?

Job Responsibilities:
• Builds cooperative and dependable relationships with independent insurance agencies and brokerages to create business placement opportunities.
• Develops and maintains underwriting and cooperative service relationships with insurance carriers by demonstrating in-depth knowledge of commercial insurance and underwriting guidelines, both in excess and surplus lines and standard markets.
• Recognizes acceptable business opportunities through underwriting pre-qualification process.
• Successfully negotiables market placements of new and renewal business.
• Meets and sustains targeted revenue goals.
• Coordinates resources to accomplish specific account objectives.
• Assumes ultimate responsibility for the successful completion of all account tasks and details on account portfolio.
• Motivates and educates co-workers, blending leadership and technical skills.
• Is knowledgeable of workplace laws and corporate policies and practices; maintains a fair office work environment.
Work Experience and Education:
• Bachelor's degree required, Master's degree preferred; Business Administration, Sales, and Risk Management preferred.
• 15+ years of work experience in Wholesale Brokerage, Commercial Insurance coverages, Sales or underwriting. 7+ years of management experience is preferred. Any other related discipline or commensurate work experience considered.
Licenses & Certifications:
• State P&C and/or surplus line license is required.
• Certified Insurance Counselor (CIC), Chartered Property Casualty Underwriter (CPCU), or Accredited Advisor in Insurance (AAI) a plus.

#OLR

How We Support Our Teammates

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.

The target salary range for this position is $167,650.00 - $175,000.00 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/.

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.

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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