Business Development Executive (AVP)

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Phoenix, AZ, USA
In-Office
Mid level
Insurance
The Role
Drive growth of Garnet captive programs by building and expanding agency relationships, educating brokers on group captive solutions, supporting submission review and quote development, and collaborating with carriers and vendors to deliver consultative commercial lines solutions.
Summary Generated by Built In
Strategic Risk Solutions Inc. is seeking an experienced business development professional to support and grow Garnet’s captive program relationships. This role is responsible for working with new and existing insurance agencies to educate them on group captive products and help deliver those solutions to their clientele. The ideal candidate brings proven commercial lines Property & Casualty experience, strong broker relationship skills, and the ability to communicate captive program value in a clear, compelling, and consultative way.WHY JOIN SRS? 
  • Represent a specialized captive insurance solution that helps agencies and clients explore alternatives to traditional insurance structures.
  • Build and strengthen long-term agency relationships with a focus on the success and continuous growth of existing programs.
  • Use your commercial lines experience in a consultative role that combines relationship development, underwriting collaboration, and program education.
  • Partner with carrier and vendor stakeholders to review submissions, underwriting data, and quote development.
  • Join a dynamic environment that values learning, feedback, problem-solving, and professional growth.
RESPONSIBILITIES
Territory, Agency, and Program Growth
  • Create and execute business strategies that support expansion of existing captive programs.
  • Establish and maintain long-term agency relationships with a focus on program success and continuous growth.
  • Foster new agency relationships and identify opportunities to expand awareness of group captive solutions.

Consultative Education and Relationship Development
  • Educate new and existing insurance agencies on group captive products and how those solutions may support their clientele.
  • Communicate captive participation and the value proposition of captive programs effectively and confidently.
  • Deliver presentations in a variety of settings, including formal presentations, one-on-one conversations, small groups, large groups, peer discussions, and leadership meetings.
Submission Review and Partner Coordination
  • Review new business submissions and related underwriting data to support quote development.
  • Collaborate with carrier and vendor partners during the quote development process.
  • Apply problem-solving skills and accuracy to support high-quality work and responsive business development activity.
QUALIFICATIONS
  • At least 4 years of proven commercial lines experience, including Property & Casualty experience.
  • Captive or alternative risk experience is a plus.
  • Established commercial broker relationships are strongly preferred.
  • Ability and drive to foster new agency relationships.
  • Ability to perform work accurately, solve problems, and deliver to the best of your ability.
  • Desire to learn and grow in a dynamic team environment and provide feedback.
  • Ability to travel as required; travel percentage will depend on the candidate’s home office location.
ENCOURAGED TO APPLYWe recognize that talented professionals bring a variety of experiences and perspectives. If you are excited about this opportunity but do not meet every qualification listed, we encourage you to apply. We value curiosity, learning agility, collaboration, and commitment to professional growth.ABOUT SRS AND GARNETSRS is the world’s largest independent insurance company manager. With over 25 years of experience, SRS provides management and consulting services to a wide range of insurance company entities, from single parent captives to complex commercial insurers and reinsurers. SRS has operations in the United States, Canada, Europe, Barbados, Bermuda, Cayman Islands, Latin America, and South Africa.
Garnet Captive Services, LLC was founded in 2002 with the goal of providing casualty insurance solutions for mid-sized employers. Garnet Captive partners with an established network of high-quality insurance agents to deliver comprehensive group captive solutions covering workers’ compensation, commercial auto, and general liability. Since 2002, Garnet’s group captive programs have been successful in reducing premiums, stabilizing costs, and providing control of employers’ insurance programs.
Offering a competitive salary and a comprehensive benefits package including life, medical, dental, 401k, and tuition reimbursement, SRS strives to provide every employee with opportunities for rewarding growth and advancement in an environment of genuine equity and inclusion. SRS’ dedication to its people has established a company-wide network of colleagues committed to each other’s, as well as the Company’s, success.
 EQUAL OPPORTUNITY EMPLOYER
Strategic Risk Solutions is an Equal Opportunity Employer committed to creating and maintaining a workplace built on respect, inclusion, and equal opportunity. Qualified applicants will receive consideration for employment without regard to legally protected status.
For more information on SRS, please visit www.strategicrisks.com
For more information on Garnet, please visit www.garnetcaptive.com
 

Skills Required

  • At least 4 years of proven commercial lines experience, including Property & Casualty experience.
  • Strong broker relationship skills and established commercial broker relationships.
  • Ability to educate agencies on group captive products and communicate value consultatively.
  • Experience reviewing new business submissions and underwriting data to support quote development.
  • Ability and drive to foster new agency relationships and grow territory/programs.
  • Ability to perform work accurately, solve problems, and deliver high-quality results.
  • Desire to learn, provide feedback, and grow within a team environment.
  • Ability to travel as required (travel percentage depends on home office location).
  • Captive or alternative risk experience.

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The Company
HQ: Concord, MA
193 Employees
Year Founded: 1993

What We Do

Strategic Risk Solutions is a leading independent insurance management firm with representation in all major onshore and offshore domiciles. It provides financial reporting, regulatory compliance and underwriting management services to existing and prospective captive insurance companies. SRS was ranked the 4th largest captive manager worldwide and the largest independent by Business Insurance at December 31, 2020. For many people, captive management is treated as a routine task of keeping the books and records of a captive. The industry has been plagued by mediocre service, high staff turnover and low customer satisfaction. At SRS, we believe that isn’t good enough. Captive Management Plus reflects our commitment to be the premier provider of management and consulting services to the captive insurance industry. What do we mean by Plus? The Plus is both the quality rating of our core captive management services and the value added consulting services we provide in support of captive management. We achieve the Plus by: --Delivering outstanding service; --Strictly adhering to best-in-class internal controls and regular evaluations of these through Statement on Standards for Attestation Engagements No. 18 audits; --Helping Clients succeed, particularly through our reputation for innovation; and --Providing a depth of expertise by hiring the best in the business, keeping a laser focus on captives, as well as utilizing team structures and a "one firm" approach to servicing Clients. This model has been validated by Client feedback from our annual Customer Survey and our success and longevity. Contact us to learn more.

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