Inside Broker - Casualty

Ryan Specialty, LLC; New York (NY); Hybrid; USD 88,000 - 110,000; Full time

Benefits offered by this job

Paid time off for holidays, vacation, and personal days

Paid parental leave

Mental health services

Comprehensive benefits package including bonuses

Job summary

Ryan Specialty, LLC is seeking an Inside Broker to assist in managing a book of business related to specialty insurance products. The successful candidate will collaborate with brokers, evaluate submissions, and analyze risk exposure while ensuring client satisfaction.

The position requires a Bachelor’s degree and 5+ years of experience in Wholesale Brokerage or related fields. The role offers a salary range of $88,000 to $110,000 annually along with a comprehensive benefits package.

Qualifications

• Bachelor’s degree required; Master’s degree preferred.
• 5+ years of experience in Wholesale Brokerage, Commercial Insurance Sales, or Underwriting.
• State P&C and/or surplus line license is required.

Responsibilities

• Collaborate with brokers for seamless service and market placement.
• Evaluate submissions and identify exposures and coverage needs.
• Determine insurance markets for quote requests.
• Analyze and negotiate optimal quote terms and pricing.
• Drive revenue development through assigned sales targets.

Skills

Knowledge of commercial insurance coverages

Analytical skills

Negotiation skills

Customer service

Education

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

Master's degree preferred

Job description

Position Summary

RT Specialty, a division of Ryan Specialty, is a leading wholesale distributor of specialty insurance products and services. The Inside Broker assists the Broker in managing a book of business, providing technical expertise to secure coverage and place it smoothly in the right market.

Job Responsibilities

• Collaborate with brokers to craft seamless service and strategic market placement for commercial accounts, ensuring client satisfaction and loyalty.
• Demonstrate knowledge of commercial insurance coverages, evaluate submissions from retail insurance brokers, and identify exposures and coverage required.
• Analyze risk exposures and coverage needs from broker submissions, exercising independent judgment and discretion to strategically place risks with optimal carriers.
• Determine suitable insurance markets for quote requests, secure quotes, and manage the placement process according to broker and market agreements.
• Analyze and negotiate optimal quote terms for coverage and pricing and explain quote details to brokers to facilitate binding decisions.
• Ensure lead generation through outbound calls, analyze online and phone quote activity, and identify opportunities to expand the business.
• Drive revenue development and growth of personal book of business through assigned sales targets.
• Partner with retail agencies and brokerage, acting as a key liaison between insurance markets and retail brokers and addressing their needs.
• Ensure meticulous account management by attaching and maintaining all necessary documents for the appropriate policy and account.
• Participate in assigned educational courses, professional designations, and licensing programs.

Work Experience and Education

• Bachelor’s degree required; Master’s degree preferred. Preferred majors: Business Administration, Sales, and Risk Management.
• 5+ years of work experience in Wholesale Brokerage, Commercial Insurance Sales, or Underwriting with a Bachelor’s degree, or 3 years of work experience with a Master’s degree is preferred.

Licenses & Certifications

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

Benefits

• Paid time off for company holidays, vacation, sick and personal days.
• Paid parental leave.
• Mental health services.
• Comprehensive benefits package for full‑time roles, including ability to earn bonuses.

Salary Range

The target salary range for this position is $88,000.00 - $110,000.00 annually. The pay range is subject to change and may be modified in the future.

Equal Employment Opportunity Statement

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. 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.

Reasonable Accommodations

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].