Position Summary

The Vice President, Business Development is responsible for leading the company’s global business development initiatives for driving growth and expanding market presence. The role is responsible for identifying and securing new opportunities for product and service innovation and developing strategic partnerships with stakeholders to achieve the company’s goals and objectives. They oversee budget and resource allocation, drive continuous improvement to achieve Key performance Indicators (KPIs) and metrics targets.

What will your job entail?

Responsibilities:

• Defines and develops business development policies and strategies that propel business and organizational performance. Leads the development of company’s global business development initiatives based on insights from latest industry trends and competitive landscape.
• Serves as the advisor for the executive leadership team, answers market landscape and competitor strategy queries and inputs on business decisions.
• Develops a comprehensive strategic partnership roadmap concentrated on programs, digital channels, and collaborations expanding business reach through new channels.
• Translates strategic vision into impactful financial results, ensuring business development activities contribute to organizational success while meeting the key financial indicators.
• Provides expertise in alternative insurance products and services through continuous improvements, innovation, and adaptation to market changes to maintain a competitive edge.
• Sponsors and authorizes strategic projects that have a direct impact on revenue and profitability and closely monitors their progress, execution, and results.
• Leads the merger and acquisition activities for the insurance business, oversees the screening of potential acquisition targets and crafts mutually beneficial partnerships that unlock new opportunities for growth.
• Oversees budget and resource allocation for business development initiatives that maximize return on investment.
• Represents the company in industry events, corporate events, conferences, and professional gatherings to build the company’s presence and establish valuable connections.

Work Experience:

• Minimum of 15 years of experience in Strategic Business Development, Sales, Commercial with minimum of 7 years of management experience is preferred.

Education:

• Bachelor’s degree required, Master’s degree preferred; Business Administration, Sales and Insurance preferred. Any other related discipline or commensurate work experience considered.

Licenses & Certifications:

• Prescribed: Minimum requirements for state P&C and/or surplus line licenses.
• Preferred: Certified Business Development professional (CBDP), Certified Sales and Marketing Professional (CSMP)

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 $191,600.00 - $251,475.00 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.