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Inside Broker
| Company | Ryan Specialty |
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| Location | New York, NY, USA |
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| Salary | $80000 – $100000 |
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| Type | Full-Time |
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| Degrees | Bachelor’s |
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| Experience Level | Senior |
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Requirements
- Minimum of 5 years of experience in Wholesale brokerage, Commercial insurance coverages, Sales or Underwriting with a Bachelor’s degree, or 3 years and a Master’s degree.
- Bachelor’s degree required, Master’s degree preferred; Business Administration, Sales, and Risk Management preferred.
- Prescribed: Minimum requirements for state P&C and/or surplus line licenses.
- Preferred: Chartered Property Casualty Underwriter (CPCU), Certified Insurance Service Representative (CIS)
Responsibilities
- Collaborates with brokers to craft seamless service and strategic market placement for commercial accounts, ensuring client satisfaction and loyalty.
- Demonstrates knowledge of commercial insurance coverages, evaluates submissions from retail insurance brokers, and identifies exposures and coverage required.
- Analyzes risk exposures and coverage needs from broker submissions, exercising independent judgment and discretion to strategically place risks with optimal carriers.
- Determines suitable insurance markets for quote requests, secures quotes, and manages the placement process according to broker and market agreements.
- Analyzes and negotiates optimal quotes terms for coverage and pricing and explains quote details to brokers to facilitate binding decisions.
- Ensures lead generation through outbound calls, analyzes online and phone quote activity, and identifies opportunities to expand the business.
- Drives revenue development and growth of personal book of business through assigned sales targets.
- Partners with retail agencies and brokerage, acting as a key liaison between insurance markets and retail brokers and addressing their needs.
- Ensures meticulous account management by attaching and maintaining all necessary documents for the appropriate policy and account.
- Participates in assigned educational courses, professional designations, and licensing programs.
Preferred Qualifications
- Master’s degree preferred; Business Administration, Sales, and Risk Management preferred.
- Preferred: Chartered Property Casualty Underwriter (CPCU), Certified Insurance Service Representative (CIS)
