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About the Role
The Account Executive assists the Broker team in executing trades, managing accounts, and navigating regulatory compliance. This role collaborates with internal teams, stays informed on market trends, and offers strategic insights about clients. They also assist in new business and renewal submissions, review policy documents and invoices, and perform other client service activities.
Responsibilities
- Prepares accounts for new business and renewal processes, initiating renewal reviews to deliver optimal client coverage and suggesting client retention steps.
- Supports the broker in creating market submissions and quote cover letters for agents, reviewing received documents for 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, including proposals and presentations for new client opportunities.
- Evaluates and mitigates account risks, ensuring adherence to industry regulations and internal policies.
- Ensures accuracy of data in internal systems, creates accurate documentation, and performs functions per guidelines while meeting quality and service standards.
- Generates performance reports and other defined metrics, leveraging data to inform brokers on portfolio trends.
- Collaborates with internal teams to ensure contractual obligations are met, resolves invoicing issues with Premium Accounting, and communicates on notices of cancellation.
Requirements
- Minimum of 1 year of experience in the Insurance industry.
- Bachelor's degree required; Business Administration, Sales, and Risk Management preferred.
- Prescribed: Minimum requirements for state P&C and/or surplus line licenses.
- Preferred: Certified Insurance Service Representative (CISR), Commercial Insurance License (CIL).
Skills
- Regulatory compliance
- Market trends analysis
- Client service
- Risk evaluation
- Data analysis
- Interpersonal skills
Location
- Remote
Work Type
- Full-time
Experience Level
- 1+ year of experience
Education Level
- Bachelor's degree
Salary/Compensations
- $56,000.00 - $70,000.00 annually
Benefits
- Paid time off for company holidays, vacation, sick and personal days
- Paid parental leave
- Mental health services
- Comprehensive and best-in-class benefits package
- Bonuses
About the Company
- RT Specialty, a division of Ryan Specialty, is a leading wholesale distributor of specialty insurance products and services.
- Our experienced brokers are specialized in property, casualty, professional lines, transportation and workers’ compensation, providing creative solutions to retail brokerage firms.
- We define ourselves through our superior execution on behalf of our clients, which has established us as a leader in the industry.
Equal Opportunity
- 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.
- 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.
- We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law.