Associate Broker, Wholesale Insurance
About The Position
The Associate Broker is responsible for ensuring the quality and efficiency of brokerage and delivering client service under the guidance of the broker for both new and renewal business, with a fast track to become a full Insurance Broker within 2-3 years. 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. This role is 100% on site, in our Phoenix, AZ office with 5 days required in office weekly (5410 East High Street, Suite 200 Phoenix, AZ 85054)
Requirements
- Bachelor’s degree required in Business Administration, Sales, or Risk Management preferred.
- 1-3 years of work experience in Wholesale brokerage, Commercial insurance coverages, Sales or Underwriting is preferred.
- Any other related discipline or commensurate work experience considered.
- Ability to work in a fast paced, team oriented, sales environment on a high performing team
- Aspiration to become a full Insurance Broker within 2-3 years
- Must possess active Property & Casualty license to be considered.
Nice To Haves
- Chartered Property Casualty Underwriter (CPCU) (Preferred), or Certified Insurance Service Representative (CISR) a plus.
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.
Benefits
- In addition to paid time off for company holidays, vacation, sick and personal days, Ryan offers paid parental leave, mental health services and more.
- 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.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
