Full-Time

Account Executive

Posted on 1/30/2025

Ryan Specialty

Ryan Specialty

1,001-5,000 employees

Compensation Overview

$60k - $75kAnnually

+ Bonus

Junior

Phoenix, AZ, USA

Category
Customer Success Management
Strategic Account Management
Sales & Account Management
Required Skills
Data Analysis
Requirements
  • Minimum of 1 year of experience in the Insurance industry
  • Bachelor’s degree required
  • Prescribed: Minimum requirements for state P&C and/or surplus line licenses
  • Preferred: Certified Insurance Service Representative (CISR)
  • Preferred: Commercial Insurance License (CIL)
Responsibilities
  • Prepares accounts for new business and the renewal process as directed by the broker, initiates renewal reviews to deliver optimal client coverage and suggests steps for client retention.
  • Supports the broker in creating market submissions and quote cover letters for agents and reviews received documents to ensure 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 in collaboration with brokers, including proposals and presentations for new client opportunities.
  • Evaluates and mitigates risks associated with accounts and ensures adherence to industry regulations and internal policies.
  • Ensures accuracy of new and existing data in internal systems, creates accurate documentation, and performs functions as defined by the guidelines while meeting quality and service standards.
  • Generates reports on performance and other defined metrics by leveraging data and insights to inform the broker on portfolio trends and delivers value that may enhance the book of business.
  • Collaborates with internal teams to ensure contractual obligations are met. Resolves invoicing issues with stakeholders in Premium Accounting and communicates on notices of cancellation.
Desired Qualifications
  • Business Administration, Sales, and Risk Management preferred
  • Any other related discipline or commensurate work experience considered

Company Size

1,001-5,000

Company Stage

IPO

Total Funding

$705.5M

Headquarters

Chicago, Illinois

Founded

2010

Simplify Jobs

Simplify's Take

What believers are saying

  • Acquisitions like Castel Underwriting enhance Ryan Specialty's competitive edge in specialty insurance.
  • Financial optimization through loan repricing improves profitability and investment capacity.
  • Expansion in Chicago reflects scaling operations to increase market share.

What critics are saying

  • Integration of multiple acquisitions may pose operational challenges and distract management.
  • Rising interest rates could impact the cost of capital and borrowing.
  • Expansion into new office space may lead to increased operational costs and inefficiencies.

What makes Ryan Specialty unique

  • Ryan Specialty focuses on strategic acquisitions to expand product offerings and geographical reach.
  • The company successfully repriced its term loan, reducing annual cash interest expenses.
  • Ryan Specialty plans to expand into new office space in Chicago, supporting operational growth.

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Benefits

Paid Vacation

Paid Sick Leave

Paid Holidays

Paid Parental Leave

Mental Health Support

Company News

Business Wire
Jan 8th, 2025
Ryan Specialty Signs Definitive Agreement to Acquire Velocity Risk Underwriters

Ryan Specialty (NYSE: RYAN), a leading international specialty insurance firm, is pleased to announce it has signed a definitive agreement to acquire

Coverage
Nov 5th, 2024
Ryan Specialty completes acquisition of Innovisk Capital Partners

Innovisk generated approximately $58 million of operating revenue for the 12 months ended July 31, 2024.

Business Wire
Sep 9th, 2024
Ryan Specialty, LLC Upsizes and Prices $600 Million of Senior Secured Notes

Ryan Specialty Holdings, Inc. (NYSE: RYAN) (“Ryan Specialty”), a leading international specialty insurance firm, today announced that Ryan Specialty,

Business Wire
Aug 2nd, 2024
Ryan Specialty Signs Definitive Agreement To Acquire US Assure

Ryan Specialty (NYSE: RYAN), a leading international specialty insurance intermediary, is pleased to announce it has signed a definitive agreement to

Stock Titan
May 1st, 2024
Ryan Specialty Acquires Castel Underwriting

Ryan Specialty, an international specialty insurance firm, has completed the acquisition of Castel Underwriting Agencies, a Managing General Underwriting platform. This acquisition brings new products and facilities to Ryan Specialty, expanding its offerings to clients and trading partners. The enhanced leadership team aims to accelerate the formation of new entities in the region. No financial details of the acquisition were disclosed.

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