Vice President

Ryan Specialty Group; Chicago (IL); On-site; USD 168,000 - 175,000; Full time

Benefits offered by this job

Paid time off

Parental leave

Mental health services

Job summary

Ryan Specialty, a leading wholesale distributor of specialty insurance products, seeks a Vice President, Brokerage in the Chicago area to set strategy and policies for all brokerage offerings. You will own end-to-end renewals, competitive bids, and complex negotiations, delivering profitable wins for large deals while guiding a high-performance team.

The role requires 15+ years in wholesale brokerage or related fields, with 7+ years of management experience, P&C or surplus line licensure, and

Qualifications

• Bachelor’s degree required; Master’s degree preferred.
• 15+ years in Wholesale Brokerage, Commercial Insurance coverages, Sales or underwriting.
• 7+ years of management experience preferred.
• State P&C and/or surplus line license required.
• CIC, CPCU, or AAI a plus.

Responsibilities

• Own the brokerage strategy and policies for all offerings.
• Oversee end-to-end renewals, new bids, and complex negotiations.
• Develop and maintain relationships with independent agencies and carriers.
• Lead and motivate the brokerage team to meet revenue goals.
• Coordinate resources to achieve account objectives and ensure profitable wins.

Skills

Leadership

Sales

Negotiation

Relationship building

Underwriting knowledge

Regulatory compliance

Education

Bachelor’s degree

Master’s degree preferred

Tools

P&C knowledge

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 SummaryThe Vice President, Brokerage owns the overall brokerage strategy and policies for all offerings in alignment with business objectives.The role is accountable for end-to-end renewals, new bids, and complex negotiations, ensuring competitive and profitable delivery and provides leadership support to secure profitable wins for large and complex deals.What will your job entail?Job Responsibilities:• Builds cooperative and dependable relationships with independent insurance agencies and brokerages to create business placement opportunities.• Develops and maintains underwriting and cooperative service relationships with insurance carriers by demonstrating in-depth knowledge of commercial insurance and underwriting guidelines, both in excess and surplus lines and standard markets.• Recognizes acceptable business opportunities through underwriting pre-qualification process.• Successfully negotiables market placements of new and renewal business.• Meets and sustains targeted revenue goals.• Coordinates resources to accomplish specific account objectives.• Assumes ultimate responsibility for the successful completion of all account tasks and details on account portfolio.• Motivates and educates co-workers, blending leadership and technical skills.• Is knowledgeable of workplace laws and corporate policies and practices; maintains a fair office work environment.Work Experience and Education:• Bachelor’s degree required, Master’s degree preferred; Business Administration, Sales, and Risk Management preferred.• 15+ years of work experience in Wholesale Brokerage, Commercial Insurance coverages, Sales or underwriting. 7+ years of management experience is preferred. Any other related discipline or commensurate work experience considered.Licenses & Certifications:• State P&C and/or surplus line license is required.• Certified Insurance Counselor (CIC), Chartered Property Casualty Underwriter (CPCU), or Accredited Advisor in Insurance (AAI) a plus.#OLRRyan 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 TeammatesRyan 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 $167,650.00 - $175,000.00 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] above is intended to describe this job's general requirements. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.