Account Executive

RT Specialty, LLC; Burbank (CA); On-site; USD 80,000 - 100,000; Full time

Benefits offered by this job

Paid time off for company holidays

Vacation days

Sick days

Personal days

Paid parental leave

Mental health services

Job summary

RT Specialty, LLC is seeking an Account Executive to support the Broker team in executing trades, managing accounts, and ensuring regulatory compliance across client portfolios. The role collaborates with internal teams, analyzes market trends, and contributes to new business and renewal submissions, invoicing, and service delivery.

You will review policy documents, assist in market submissions, build client relationships with brokers, and help drive renewals while maintaining data integrity and

Qualifications

• Minimum 1 year of experience in the Insurance industry and a Bachelor’s degree.

Responsibilities

• Prepares accounts for new business and renewal process as directed by the broker, initiates renewal reviews to deliver optimal client coverage and retention.
• Supports broker in creating market submissions and quote cover letters, reviews documents for accuracy.
• Builds relationships with brokers and demonstrates understanding of brokerage operations to support business needs.
• Drives renewals and solicits new business through client referrals.
• Prepares new business strategies with brokers, including proposals and presentations for new clients.
• Evaluates and mitigates risks, ensuring adherence to regulations and internal policies.
• Ensures data accuracy in internal systems, documents appropriately, and meets quality standards.
• Generates reports on performance and portfolio trends to inform brokers.
• Collaborates to ensure contractual obligations are met.
• Resolves invoicing issues with Premium Accounting and communicates notices of cancellation.

Skills

Insurance industry experience

Education

Bachelor's degree; Business Administration, Sales, and Risk Management preferred

Job description

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

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.

Job 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.

Work Experience

• Minimum of 1 year of experience in the Insurance industry with a Bachelor’s degree.

Education

Required: Bachelor’s degree; Business Administration, Sales, and Risk Management preferred. Any other related discipline or commensurate work experience considered.

Licenses and Certifications

• Prescribed: Minimum requirements for state P&C and/or surplus line licenses
• Preferred: Certified Insurance Service Representative (CISR), Commercial Insurance License (CIL) #OLR Ryan Specialty

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.

• Paid time off for company holidays
• Vacation days
• Sick days
• Personal days
• Paid parental leave
• Mental health services

The target salary range for this position is $80,000.00 - $100,000.00 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 [e-mail].

A multi-time winner of Newsweek’s Most Loved Workplaces and Insurance Business’s Top Insurance Employers, Ryan Specialty is home to some of the brightest talent in the insurance industry. Join our team and help provide innovative solutions for insurance brokers, agents and carriers.

Ryan Specialty, LLC and its affiliates ("Ryan Specialty") do not accept unsolicited resumes or candidate profiles submitted by any staffing agencies, placement services or professional recruiters ("Agencies"), including any submissions made through our website or to email accounts of Ryan Specialty employees. Agencies must be registered in Ryan Specialty’s agency portal and have a fully executed contract for service between Ryan Specialty and the Agency. Agency fee agreements will only be valid if provided in such fully executed contract between the Agency and Ryan Specialty. Any unsolicited resume or candidate profile received from an Agency without prior approval from Ryan Specialty’s HR department and in compliance with Ryan Specialty’s candidate submission process shall be considered unsolicited, gratuitous and property of Ryan Specialty for recruiting purposes and, as such, is not subject to payment of any Agency fees.