Account Executive

RT Specialty, a division of Ryan Specialty, is a leading wholesale distributor of specialty insurance products and services. Our experienced brokers specialize in property, casualty, professional lines, transportation, and workers’ compensation, providing creative solutions to retail brokerage firms.

About the role

The Account Executive assists 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 also assist in new business and renewal submissions, review policy documents and invoices, and handle other client service activities.

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; 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 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.

Requirements

• Minimum of 1 year of experience in the Insurance industry.
• Bachelor’s degree required; 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).

Benefits

Ryan Specialty seeks to offer 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.

Pay

The target salary range for this position is $80,000.00 - $100,000.00 annually. The wage range considers factors such as training, transferable skills, work experience, licensure, certification, business needs, and market demands. Full-time roles are eligible for bonuses and benefits.