Inside broker

Ryan Specialty Underwriting Managers; New York (NY); On-site; USD 140,000 - 175,000; Full time

Job summary

A leading company specializing in insurance brokerage seeks an Inside Broker to support brokers by managing client relationships and business placements. Ideal candidates will have solid experience in commercial insurance and a Bachelor’s degree, with opportunities for career growth and competitive compensation.

Benefits

Paid time off

Parental leave

Mental health services

Qualifications

• 5+ years of experience in Wholesale Brokerage, Commercial Insurance Sales, or Underwriting.
• 3+ years of experience with a Master's degree.

Responsibilities

• Collaborate with brokers for seamless service and market placement.
• Analyze risk exposures and negotiate quotes.
• Generate leads and drive revenue growth of personal book of business.

Skills

Commercial insurance knowledge

Risk analysis

Communication

Customer service

Negotiation

Education

Bachelor's degree

Master's degree in Business Administration, Sales, or Risk Management

Job description

Position Summary
The Inside Broker is responsible for assisting the Broker in developing, managing, and sustaining profitable business by providing high-level technical expertise. The role involves managing a broker's book of business in-house, using deep knowledge of risk assessments to secure the best coverage and place it effectively in the right market. The Inside Broker provides customer service, resolves client inquiries through efficient communication, and processes transactions accurately.

What will your job entail?

Job Responsibilities:

1. Collaborate with brokers to deliver seamless service and strategic market placement for commercial accounts, ensuring client satisfaction and loyalty.
2. Demonstrate knowledge of commercial insurance coverages, evaluate submissions from retail brokers, and identify exposures and coverage needs.
3. Analyze risk exposures and coverage needs from broker submissions, exercising independent judgment to place risks with optimal carriers.
4. Determine suitable insurance markets for quotes, secure quotes, and manage the placement process per broker and market agreements.
5. Analyze and negotiate quotes for coverage and pricing, explaining details to brokers to facilitate binding decisions.
6. Generate leads through outbound calls, analyze online and phone quote activity, and identify opportunities to expand business.
7. Drive revenue growth of personal book of business through sales targets.
8. Partner with retail agencies and brokerage, acting as a liaison between insurance markets and brokers.
9. Manage accounts meticulously by attaching and maintaining necessary documents for policies.
10. Participate in educational courses, professional designations, and licensing programs.

Work Experience and Education:

• Bachelor's degree required; Master's preferred, especially in Business Administration, Sales, or Risk Management.
• 5+ years of experience in Wholesale Brokerage, Commercial Insurance Sales, or Underwriting; or 3+ years with a Master's degree.

Licenses & Certifications:

• State P&C and/or surplus line license required.

Ryan Specialty is an Equal Opportunity Employer committed to diversity and inclusion. We value varied perspectives that enhance our service and workplace culture.

How We Support Our Teammates

We offer comprehensive benefits including paid time off, parental leave, mental health services, and more. The target salary range is $140,000 - $175,000 annually, with potential bonuses and benefits. For more details, visit our benefits website.

We accommodate individuals with disabilities during the application and employment process. Contact us at [e-mail] for assistance.

This description outlines the general requirements and is not exhaustive of all duties or physical requirements.