Lead Distribution Specialist

ryansg; Chicago (IL); On-site; USD 144,000 - 180,000; Full time

Job summary

Ryan Specialty in Chicago seeks a Lead Distribution Specialist to spearhead strategic enhancements across distribution channels, drive data-driven decisions, and ensure regulatory alignment with insurance industry standards.

You will lead cross-functional teams, develop partnerships with brokers/agents, and integrate cutting-edge technology to expand the distribution network while achieving company goals.

Qualifications

• Bachelor's degree required; Master's preferred in Business Administration, Economics or Distribution.
• 12+ years of experience in distribution strategy, agent onboarding, external-facing engagement, channel management; 8+ years with a Master's degree preferred.
• Strong leadership and cross-functional collaboration skills; experience with data analytics and regulatory compliance.

Responsibilities

• Spearheads creation of forward-looking distribution strategies based on market research and industry trends.
• Evaluates and enhances distribution channel strategies to increase market share and improve customer acquisition and retention.
• Leads integration of marketing strategies with distribution efforts and oversees regulatory compliance.

Education

Bachelor's degree in Business Administration, Economics, or Distribution

Master's degree (preferred)

Job description

Position Summary

The Lead Distribution Specialist is responsible for spearheading strategic enhancements in existing distribution channels, fostering innovative approaches, and building key partnerships with brokers/agencies. The role is responsible for overseeing cross-functional collaboration, integrating cutting-edge technology, and ensuring strategic regulatory compliance to insurance industry standards. They ensure regulatory compliance in distribution activities, provide training and support to the distribution team to achieve company goals.

What will your job entail?

Job Responsibilities:

• Spearheads creation of forward-looking distribution strategies based on market research, data analysis, insurance industry trends, and competitive landscape aiming to maximize sales and profitability.
• Evaluates and enhances distribution channel strategies to increase market share and improve customer acquisition and retention.
• Serves as a specialist on distribution best practices and industry trends; identifies the most effective distribution channels to reach the target market including brokers, agents, online platforms, and other channels to enhance the company's competitive edge in the market.
• Develops high-level strategies for distribution channels management by utilizing advanced analytics tools and leveraging data-driven insights for strategic decision-making.
• Establishes and monitors key performance indicators to assess efficiency and effectiveness of existing distribution channels and share regular updates on performance, trends, critical areas to leadership.
• Initiates and fosters strategic partnerships with key stakeholders (brokers/agents), industry influencers, and potential collaborators to expand the company's distribution network.
• Evaluates and recommends transformative technologies for integration into distribution platforms, emphasizing advancements to establish the company as an industry leader in distribution innovation.
• Leads the integration of marketing strategies with distribution efforts, ensuring cohesive and targeted approaches that amplify channel performance.
• Oversees regulatory compliance, ensuring that distribution activities not only adhere to internal policies and insurance industry standards but strategically align with the company's long-term objectives.
• Provides training and support to distribution teams, helping them understand and effectively utilize tools, technologies, and strategies.

Work Experience and Education:

• Bachelor's degree required, Master's degree preferred; Business Administration, Economics or Distribution preferred.
• 12+ years of experience in distribution strategy, agent onboarding, external-facing engagement, channel management with a Bachelor's degree or 8+ years and a Master's degree is preferred.

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.

The target salary range for this position is $144,000.00 - $180,000.00 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]

The above is intended to describe this job's general requirements. It is not to be construed as an exhaustive statement of duties, responsib