Account Executive at Ryan Specialty in Chicago, IL

Summary: Ryan Specialty is a company focused on providing innovative solutions in the insurance sector. The Account Executive will assist the Broker team in managing accounts, executing trades, and ensuring regulatory compliance while collaborating with internal teams and supporting new business initiatives. Responsibilities: - Prepares accounts for new business and the renewal process as directed by the broker, initiates renewal reviews to deliver optimal client coverage and suggests steps for client retention - Supports the broker in creating market submissions and quote cover letters for agents and reviews received documents to ensure accuracy - Builds relationships with brokers and demonstrates understanding of brokerage operations to proactively support business needs - Collaborates with the broker to drive renewals and solicits new business through client referrals - Prepares new business strategies in collaboration with brokers, including proposals and presentations for new client opportunities - Evaluates and mitigates risks associated with accounts and ensures adherence to industry regulations and internal policies - Ensures accuracy of new and existing data in internal systems, creates accurate documentation, and performs functions as defined by the guidelines while meeting quality and service standards - Generates reports on performance and other defined metrics by leveraging data and insights to inform the broker on portfolio trends and delivers value that may enhance the book of business - Collaborates with internal teams to ensure contractual obligations are met. Resolves invoicing issues with stakeholders in Premium Accounting and communicates on notices of cancellation Required Qualifications: - Minimum of 1 year of experience in the Insurance industry with a Bachelor's degree - Bachelor's degree required; Business Administration, Sales, and Risk Management preferred. Any other related discipline or commensurate work experience considered - Prescribed: Minimum requirements for state P&C and/or surplus line licenses Preferred Qualifications: - Certified Insurance Service Representative (CISR) - Commercial Insurance License (CIL) Required Skills: Insurance industry experience, P&C license Important Skills: CISR certification, Commercial Insurance License Nice-to-Have Skills: Business Administration, Sales skills, Risk Management Benefits: Paid time off for company holidays, Vacation, Sick and personal days, Paid parental leave, Mental health services