Position Summary
The Brokerage Manager is responsible for leading a team of brokers to achieve profitable growth within their designated book of business. The role delivers revenue targets, manages customized underwriting solutions, and forges strong in-person relationships with key internal and external stakeholders such as brokers, clients, and partners. They advise the team on complex risk assessment, evaluate complex exposures, and strategically place clients with optimal carriers. They oversee seamless policy issuance and risk mitigation while ensuring adherence to strict compliance regulations.
What will your job entail?
Job Responsibilities:
• Drives sales of insurance solutions and leads a team of brokers assigning them responsibilities and goals.
• Resolves client complaints, promptly confirms quotes and binders in writing, evaluates team performance, and gives actionable feedback for improvement.
• Partners with clients and agency stakeholders, understands their unique needs and challenges and suggests solutions through in person meetings and marketing efforts.
• Oversees the development of customized insurance solutions focused to exceed client expectations, drives client retention, and delivers business growth while adhering to guidelines.
• Exercises independent judgment and discretion while assessing complex risks and strategically placing them with optimal carriers. Recommends favorable commission structures and builds mutually beneficial long-term partnerships with retail brokers.
• Identifies cross sell opportunities with clients to strengthen existing partnerships and seeks referrals to gain new client relationships.
• Attends operational client reviews, participates in audits with claims and underwriting teams and operational leaders.
• Identifies discrepancies or variances in operational plans, follows proper channels to escalate them to relevant teams, and advocates for swift resolution.
Work Experience and Education:
• Minimum of 6 years of work experience in Wholesale Brokerage, Commercial insurance coverages, Sales or Underwriting with 3 years of supervisor or lead experience is preferred.
• Bachelor’s degree required, Master’s degree preferred; Business Administration, Sales, and Risk Management preferred. Any other related discipline or commensurate work experience considered.
Licenses & Certifications:
• State P&C and/or surplus line license is required.
• Accredited Advisor in Insurance (AAI), Certified Insurance Counselor (CIC), or Associate in Risk Management (ARM) a plus.
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 $94,850.00 - $100,000.00 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 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.
