Inside Broker

Position Summary

As an Inside Broker at RT Specialty, you will play a pivotal role in providing top-notch service and strategic market placements for commercial insurance accounts. Leveraging your deep expertise in commercial insurance coverages and risk analysis, you'll collaborate with brokers to secure optimal quotes and manage the placement process efficiently. Your efforts will drive revenue growth through lead generation and maintaining strong relationships with retail brokers. This role demands a proactive approach, meticulous account management, and a commitment to continuous learning and professional development. Join us to make a significant impact in the world of specialty insurance and be part of a team that thrives on innovation and excellence.

What will your job entail?

About Us:

RT Specialty is a leading wholesale distributor of specialty insurance products and services and the wholesale broking specialty for Ryan Specialty. Our specialist brokers handle an expansive mix of property, casualty, professional lines, transportation, personal lines, and workers’ compensation insurance products, on both an open market and delegated authority basis. We combine our entrepreneurial spirit with advanced risk modeling, market access, and claims advocacy to provide excellent solutions to our clients.

As an independent wholesale broker, we are a critical intermediary between insurance carriers and retail brokers which deal directly with insured parties. Many specialty insurance carriers distribute products primarily through wholesale insurance brokers.

What YOU Will Do:

• Collaborate: Work closely with brokers to deliver seamless service and strategic market placement for commercial accounts, ensuring client satisfaction and loyalty.
• Evaluate & Analyze: Demonstrate your knowledge of commercial insurance coverages by evaluating submissions from retail insurance brokers, identifying exposures, and determining the necessary coverages.
• Strategic Risk Placement: Use your independent judgment to analyze risk exposures and place risks with optimal carriers.
• Market & Quote Management: Determine suitable insurance markets for quote requests, secure quotes, and manage the placement process efficiently.
• Negotiate: Analyze and negotiate the best quote terms for coverage and pricing, providing clear explanations to brokers to facilitate binding decisions.
• Lead Generation: Ensure continuous lead generation through outbound calls and analyzing online and phone quote activities to identify business opportunities.
• Drive Growth: Develop and grow your personal book of business by meeting assigned sales targets.
• Liaison: Partner with retail agencies and brokerages, acting as a key liaison between insurance markets and retail brokers to address their needs.
• Account Management: Ensure meticulous account management by maintaining all necessary documents for policies and accounts.
• Learn & Grow: Participate in assigned educational courses, professional designations, and licensing programs to stay ahead in your field.

What We're Looking For:

• Experience: Minimum of 5 years in Wholesale brokerage, Commercial insurance coverages, Sales, or Underwriting with a Bachelor's degree, or 3 years with a Master's degree.
• Education: Bachelor's degree required, Master's degree preferred (Business Administration, Sales, Risk Management, or related disciplines considered).
• Licenses and Certifications: Minimum state P&C and/or surplus line licenses required. Chartered Property Casualty Underwriter (CPCU) and Certified Insurance Service Representative (CISR) are preferred.

Why Join Us?

• Innovative Culture: Be part of a team that values creativity and collaboration.
• Career Development: We support your growth with continuous learning opportunities and professional development.
• Competitive Benefits: Enjoy a comprehensive benefits package.
• Impactful Work: Your role will make a direct impact.

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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.

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 $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/.

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. Please contact us to request an accommodation at [email protected]

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.