Account Executive

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.

Position Summary

Job Description Summary
The Account Executive is responsible for assisting the Broker team in executing trades, managing accounts, and navigating regulatory compliance. The role collaborates with internal teams, stays informed on market trends, and offers strategic insights about clients. They are also responsible for assisting in new business and renewal submissions, reviewing policy documents and invoices and other client service activities.

What will your job entail?

Job Responsibilities

• Prepare accounts for new business and renewal processes as directed by the broker, initiating renewal reviews to help deliver optimal client coverage and support client retention strategies.
• Support the broker in developing market submissions and quote cover letters for agents, while reviewing received documents for accuracy and completeness.
• Build strong relationships with brokers and maintain an understanding of brokerage operations to proactively support business objectives.
• Collaborate with brokers to drive renewal opportunities and support new business efforts through client referrals.
• Assist in developing new business strategies with brokers, including proposals and presentations for prospective client opportunities.
• Evaluate and mitigate risks associated with accounts while ensuring compliance with industry regulations and internal policies.
• Maintain accurate data within internal systems, create thorough documentation, and perform responsibilities in accordance with established guidelines, quality standards, and service expectations.
• Generate reports on performance and key metrics, leveraging data and insights to identify portfolio trends and provide value-enhancing recommendations for the book of business.
• Partner with internal teams to ensure contractual obligations are met, resolve invoicing issues with Premium Accounting, and communicate cancellation notices as needed.

Work Experience

• Minimum of 2 years of insurance industry experience combined with a Bachelor’s degree.

Education

• Bachelor’s degree required.
• Preferred areas of study include Business Administration, Sales, Risk Management, or a related discipline.
• Equivalent professional experience will also be considered.

Licenses & Certifications

Required

• State Property & Casualty (P&C) and/or Surplus Lines License(s), as required by state regulations.

Preferred

• Certified Insurance Service Representative (CISR)
• Commercial Insurance License (CIL)

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 $64,000.00 - $80,000.00 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.