Position Summary:
The Associate Broker is responsible for ensuring the quality and efficiency of brokerage and delivering client service under the guidance of the broker. The role requires engagement with underwriters to secure optimal pricing for their clients and terms and identifies and resolves errors. They actively pursue new business opportunities and are committed to continuous learning and professional development.
Location:
London - UK - Fenchurch
What will your job entail?
Job Responsibilities:
• Ensures quality control across all files, meticulously scrutinizing active and expired policies, endorsements, and documentation for accuracy, timeliness, and adherence to policies.
• Drafts error free submissions to communicate coverage terms with underwriters under the guidance of the broker, weaving together technical insurance jargon with clear and concise client-friendly language.
• Reviews, analyzes, and underwrites risks, rates submissions for premium and terms and analyzes exposures for quotes for new and renewal business.
• Issues quotes and binders, processes new business to grow revenues and maintain retention and profitability.
• Delivers customer service during the marketing of new and renewal business to underwriters and clients.
• Possesses understanding of market dynamics and confidently negotiates pricing and coverage terms with underwriters, consistently securing favorable outcomes for clients.
• Communicates corrections and clarifications in all policy documents to clients and underwriters, ensuring transparency with all stakeholders.
• Forges collaborative relationships with clients, agents, and internal teams, encouraging open communication and a culture of trust that results in increased revenues and increased policy retention.
• Develops a robust network of industry contacts, fostering mutually beneficial relationships that contribute to consistent sales pipeline growth.
• Demonstrates a commitment to ongoing professional development by diligently completing assigned educational courses, professional designations, and licensing programs.
Work Experience and Education:
• Bachelor’s degree required in Business Administration, Sales, or Risk Management preferred.
• 1 year of work experience in Wholesale brokerage, Commercial insurance coverages, Sales or Underwriting is preferred. Any other related discipline or commensurate work experience considered.
Licenses & Certifications:
• Must meet minimum requirements for state P&C and/or surplus line licenses.
• Chartered Property Casualty Underwriter (CPCU) (Preferred), or Certified Insurance Service Representative (CISR) a plus.
Disclaimer
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.
