Full-Time

Broker Assistant

Updated on 12/5/2024

Ryan Specialty

Ryan Specialty

1,001-5,000 employees

Consulting
Financial Services

Compensation Overview

$24 - $30Hourly

+ Bonus

Entry, Junior

Burbank, CA, USA

Category
Supply Chain Management
Operations & Logistics
Required Skills
Sales
Customer Service
Requirements
  • Minimum of 1 year of experience in the Insurance industry or Underwriting with a Bachelor’s degree.
  • Bachelor’s degree required; Business Administration, Sales, and Risk Management preferred. Any other related discipline or commensurate work experience considered.
  • Prescribed: Minimum requirements for state P&C and/or surplus line licenses.
Responsibilities
  • Assists in executing and coordinating day-to-day brokerage operations and supports the implementation and improvement of operational procedures.
  • Coordinates with the broker to prepare documents, cover letters etc. to market renewal business and provides necessary administrative support in filing, printing, and archiving documents.
  • Administers and updates new and current client information in all required systems accurately.
  • Maintains accurate and organized records of client accounts, transactions, and other relevant documentation and ensures compliance with record-keeping regulations.
  • Performs customer service functions by answering broker requests and questions by telephone, email, chat, or in person.
  • Contributes to the preparation of compliance reports related to brokerage operations and collaborates across broker and finance teams on business requirements.
  • Adheres to regulatory requirements and internal policies and assists in the preparation of compliance reports.
  • Assists in identifying and mitigating operational risks and collaborates with risk management teams to implement controls.
  • Supports the Brokerage team with any ad hoc tasks and requests.

Company Stage

IPO

Total Funding

$705.5M

Headquarters

Chicago, Illinois

Founded

2010

Growth & Insights
Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

-1%
Simplify Jobs

Simplify's Take

What believers are saying

  • Acquisition of Innovisk boosts revenue by $58 million, expanding market presence.
  • Repricing of $1.65 billion term loan optimizes costs, saving $5.6 million annually.
  • Expansion into new Chicago space increases operational capacity and growth potential.

What critics are saying

  • Integration of recent acquisitions poses operational challenges and cultural clashes.
  • Rising interest rates may impact cost of capital and borrowing costs.

What makes Ryan Specialty unique

  • Ryan Specialty's strategic acquisitions enhance its global reach and product offerings.
  • The company effectively manages financials, reducing annual cash interest by $5.6 million.
  • Ryan Specialty's commitment to growth is evident in its $6 million Chicago expansion.

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