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Associate Broker Jobs
Company | Ryan Specialty, LLC |
Address | , New York, 10036, Ny |
Employment type | FULL_TIME |
Salary | $150,000 a year |
Expires | 2023-07-21 |
Posted at | 11 months ago |
RT Specialty, a division of Ryan Specialty is looking for an Associate Broker to join our New York, NY team. We are a fast paced, energetic and rapidly growing organization that offers a great opportunity for someone interested in further developing their career. Ryan Specialty has been named one of America’s Most Loved Workplaces by Newsweek, and has been named 2021 top Insurance Employer by Insurance Business America.
COMPENSATION
$150,000.00 a year
OUR BENEFITS
Ryan Specialty is proud to offer a comprehensive, competitive benefits package designed to meet the diverse needs of our employees at every stage of life. Benefits begin for eligible employees on the day of hire.
Position Summary:
Responsible for assisting Broker and learning all aspects of wholesale insurance with the goal of becoming a Broker. Working with a Broker to build individual and new relationships with retail agency professionals. Working to create and maintain retail agent relationships and learning how to bind and manage that business successfully.
Essential Functions:
- Assists Broker in managing the service and market placement of Broker’s portfolio of accounts.
- Works to maintain cooperative and dependable relationships with retail agencies and brokerages; may make sales calls to the agencies/ brokerages.
- Working toward being able to demonstrate broad knowledge of commercial property and/or casualty coverages with insurance carrier and other markets.
- Learning how to market new and renewal business.
- Evaluates quotes and contract provisions offered by insurance markets.
- Working to be able to understand all aspects of quoting to include competitive pricing, contract language and necessary details on quotes to retail insurance brokers/
- Learning to identify market direction, scope of coverage, pricing, and contract language.
- Working to understand the entire submission to binding process.
- Works to support the Broker in achieving targeted annual revenue goals.
- Working with Broker to understand how to communicate and negotiate with insurance markets and retail brokers.
- Will learn to create submissions and follows through with market placements.
- Other duties as assigned.
- Working toward successfully negotiating market placement of new and/ or renewal business; orders binders.
- Learning to evaluate submissions from retail insurance brokers and to identify exposures and coverage required.
Education/Experience/Skills:
- Must have and maintain a valid driver’s license.
- Must be licensed by appropriate state or working to obtain a license once offered employment.
- Proficient in Microsoft office including Power Point, Word, Outlook and Excel.
- Relevant experience in a commercial insurance brokerage or underwriting environment including wholesale brokerage experience helpful but not required.
- Critical attention to details.
- Track record of being able to build trusted working relationships
- Highest level of customer relations and negotiating skills to effect profitable results.
- Bachelor’s degree preferred; equivalent experience and knowledge considered.
- Ability to travel on short notice; travel could be substantial.
- Independent judgement is required to plan, prioritize and organize diversified workload.
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