Business Development Associate

Position Summary

The Business Development Associate is responsible for developing and executing strategies to grow the company’s business, provide excellent service to customers and manage them. The role conducts market research, promotes company products, builds client relationships, and identifies new business opportunities. They perform business development activities such as customer relationship management and development, creation, and dissemination of marketing materials.

What will your job entail?

Job Responsibilities: • Develops, executes, and manages company's business development strategy and action plans to achieve targets. • Develops and implements marketing plans for both existing and prospective customer base. • Supports in developing and implementing the comprehensive marketing plan to facilitate business growth. Analyzes market trends to evaluate, develop and implement strategic plans to meet and exceed organizational goals. • Tracks client transactions and activities to maintain existing client relationships and provides customer service. • Develops cross-selling programs for existing customers, utilizes technology to assist in the generation of new opportunities in the insurance industry. • Creates and maintains marketing materials for both existing and prospective customer base. Identifies and pursues new leads through market research, networking, and marketing activities. • Develops new business relationships with retail insurance agents/brokers to develop submissions and quote activity for achieving month premium goals. • Stays informed about market trends, competitor offerings, and changes in the insurance industry to identify opportunities for growth and meet organizational goals. • Develops and presents proposals tailored to individual customer needs, solutions, coverage options and pricing structures. • Participates in carrier events and industry seminars to foster relationships and remain knowledgeable of insurance industry standards. Work Experience and Education: • Bachelor’s degree required; Marketing, Communications and Business Administration preferred. • 1 year of work experience in Sales, Business Development, or related field. Licenses & Certifications: • Must meet minimum requirements for state P&C and/or surplus line licenses. • Customer Relationship Management (CRM) Certification 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 $54,250.00 - $57,000.00 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 [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.