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Inside Broker
at Ryan Specialty Group, LLC
Chicago, IL

Inside Broker
at Ryan Specialty Group, LLC
Chicago, IL

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Description

RT Specialty, a division of Ryan Specialty Group is looking for an Inside Broker to join our Chicago, IL office. We are a fast paced, energetic and rapidly growing organization that offers a great opportunity for someone interested in further developing their career. 

Position Summary:

Responsible for assisting Broker in developing, managing and sustaining profitable business by providing high level technical expertise and customer service. Responsible for managing a Broker’s book of business in-house.

Essential Functions:
  • Assists Broker in managing the service and market placement of Broker's portfolio of commercial insurance accounts.
  • Maintains cooperative and dependable relationships with retail agencies and brokerages; may make marketing calls to the agencies/brokerages on behalf of the Broker.
  • May be responsible for targeted revenue goals.
  • Demonstrates broad knowledge of commercial insurance coverages with insurance carriers and other markets.
  • Evaluates submissions from retail insurance brokers; identifies exposures and coverage required.
  • Identify appropriate markets to request quotes from based on coverage requirements.
  • Follows through with market placements as agreed with Broker.
  • May create submissions to insurance market selections.
  • Communicates and negotiates with insurance markets and retail brokers.
  • Evaluates quotes and contract provisions offered by insurance markets.
  • May present competitive pricing, contract language and necessary details on quotes to retail insurance brokers and will discuss any questions and binding of quote with an agent.
  • Successfully negotiates market placement of new and/or renewal business as directed by Broker; bind orders.
  • Works to help ensure all documents are attached and maintained for the appropriate policy/account.
  • Other duties as assigned.
Education/Experience/Skills:
  • Bachelor's degree preferred; equivalent experience and knowledge considered.
  • 5+ years of relevant experience in a commercial insurance brokerage or underwriting environment.
  • Wholesale brokerage experience preferred.
  • Demonstrated understanding of commercial insurance coverages and relevant forms.
  • Must be licensed by appropriate state or be able to quickly obtain insurance license.
  • Track record of trusted working relationships with carriers and markets.
  • Highest level of customer relations and negotiating skills to effect profitable results.
  • Independent judgment is required to plan, prioritize and organize diversified workload.
  • Critical attention to details.
  • Proficient in Microsoft Office including Word, Outlook and Excel.
  • Ability to travel as needed.
  • May be required to have and maintain a valid driver’s license
Disclaimer
Ryan Specialty Group is an Equal Opportunity Employer

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