Position Summary
The Senior Premium Financing Associate is responsible for managing and overseeing premium financing operations within the organization. This role involves working closely with clients, financial institutions, and internal teams to ensure the smooth execution of premium financing transactions.
What will your job entail?
Job Responsibilities:
• Develop and maintain strong relationships with clients, providing exceptional service and support throughout the premium financing process.
• Oversee the end-to-end process of premium financing transactions, ensuring accuracy and compliance with regulatory requirements.
• Conduct thorough risk assessments and due diligence on potential financing deals to mitigate risks and ensure sound financial decisions.
• Prepare and review all necessary documentation for premium financing transactions, ensuring compliance with internal policies and external regulations.
• Perform detailed financial analysis to evaluate the viability and profitability of premium financing deals.
• Stay updated on market trends and developments in the premium financing industry to provide informed recommendations and insights.
• Work closely with internal teams, including underwriting, legal, and operations, to facilitate seamless transaction processing.
• Educate clients on premium financing options, benefits, and potential risks, helping them make informed decisions.
• Generate regular reports on premium financing activities, performance metrics, and market trends for senior management.
• Identify opportunities for process improvements and implement best practices to enhance efficiency and effectiveness in premium financing operations.
Work Experience and Education:
· Bachelor’s degree in Finance, Business Administration or a related field with 2 years of related experience; or an advanced degree without experience; or equivalent work experience.
Licenses & Certifications:
· Chartered Financial Analyst (CFA) or Certified Financial Planner (CFP) is preferred.
Technical/Functional Skills:
· Premium Financing Products
· Financial Analysis
· Risk Assessment
· Industry Regulations
· Develop and Implement Strategic Plans
· Financial Software and Tools
Behavioral Skills:
· Effective Communication
· Interpersonal Skills
· Attention to Detail
· Decision Making
· Problem-Solving
· Continuous Learning
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 $64,750.00 - $64,750.00 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 HR@Ryansg.com
The 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.
