Account Executive

$62,000 - $81,375/Yr

Ryan Specialty Group - New York, NY

Full-time - Entry Level

New York, NY

Insurance Carriers and Related Activities

About the position

The Account Executive plays a crucial role in supporting the Broker team by executing trades, managing accounts, and ensuring compliance with regulatory standards. This position involves collaboration with internal teams, staying updated on market trends, and providing strategic insights to enhance client relationships and business opportunities.

Responsibilities

• Prepares accounts for new business and the renewal process as directed by the broker, initiating renewal reviews to deliver optimal client coverage and suggesting steps for client retention.
• Supports the broker in creating market submissions and quote cover letters for agents, reviewing received documents for 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, ensuring 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 the 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 and resolves invoicing issues with stakeholders in Premium Accounting.

Requirements

• Minimum of 1 year of experience in the Insurance industry with a Bachelor's degree.
• Bachelor's degree required; Business Administration, Sales, and Risk Management preferred.

Nice-to-haves

• Certified Insurance Service Representative (CISR)
• Commercial Insurance License (CIL)

Benefits

• Paid time off for company holidays, vacation, sick and personal days
• Paid parental leave
• Mental health services
• Eligibility for bonuses and benefits