Account Executive

Position Summary

The Account Executive is responsible for managing and creating Premium Finance Quotes. This role involves reviewing insurance policy documents (i.e. binders, quotes, invoices, etc.) to create and a Premium Finance Quote for an Insured. Client-facing service-driven position with a strong emphasis on overall client experience. This position will build lasting relationships with independent insurance agents and RSG markets through the delivery of exceptional customer service coupled with strong technical expertise, administrative services relevant to account placement and providing competitive quote options. Mentor Quote Account Executives, sharing of knowledge and expertise and insights and furthering the development of the entire department. Work in a near paperless environment where underwriting, quoting and approval activity are completed electronically.

What will your job entail?

Job Responsibilities:

• Prepare insurance premium finance quotes for Agents, Brokers and Insureds

• Gather additional borrower and/or insurance documentation from various sources and organize quote approval packages as required

• Proactively follow-up on outstanding quotes, lost quotes and upcoming renewals

• Recognize new business opportunities, pain points and competitive advantages, adding value to existing relationships and growing our customer base

• Ask pertinent questions to gain market intelligence

• Perform within company standards for accuracy, service quality and turnaround time

• Build and maintain individual knowledge of premium finance regulations and individual policy provisions to ensure full understanding of collateral position and other risk factors

• Manage inquiries from Insureds, Agents and other Markets and assist in handling their requests

• Mentor Quote Account Executives through contextual guidance and thoughtful direction

• Communicate effectively with Sales Team and Management to ensure client needs are consistently met and exceeded

• Actively participate in company’s efforts to detect and prevent fraud to mitigate losses

• Assist other departments and processes as needed throughout the company

Work Experience and Education:
· Bachelor’s degree with a minimum of 2+ years of related experience
 

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 hourly rate range for this position is $27.30 - $32.00 per hour.

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 [email protected] 

 

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.