Senior Premium Financing Coordinator

Position Summary The Senior Premium Financing Coordinator is responsible for managing and coordinating premium financing activities. This role involves working closely with insurance brokers, underwriters, and clients to ensure the smooth processing of premium financing contracts. What will your job entail?

Job Responsibilities:

• Oversee all premium financing operations within the organization. This includes planning, organizing, and controlling the day-to-day operations related to premium financing.
• Act as the primary liaison between the organization and insurance brokers/underwriters. Ensure all premium financing contracts are processed accurately and in a timely manner.
• Develop and maintain strong relationships with premium finance companies. This includes regular communication and meetings to discuss any issues or opportunities.
• Stay updated on all regulations related to premium financing and ensure the organization is in compliance. Also, ensure all company policies related to premium financing are adhered to.
• Review all premium financing agreements for accuracy and completeness. Approve agreements that meet the organization's standards and guidelines.
• Act as the primary point of contact for any issues or discrepancies related to premium financing. Work with relevant parties to resolve these issues in a timely manner.
• Provide training and guidance to junior staff members on premium financing operations. This includes providing feedback and coaching to improve performance.
• Prepare detailed reports on premium financing activities. Present these reports to senior management and other relevant stakeholders.
• Participate in the development of strategies to improve the organization's premium financing operations. This includes identifying opportunities for improvement and implementing changes.
• Stay updated on industry trends and regulations related to premium financing.

Use this knowledge to inform decision-making and strategy development.

Work Experience and Education:

• Bachelor's degree in Finance, Business Administration or a related field with a minimum of 1 year of related experience.

Licenses & Certifications:

• Certified Insurance Service Representative (CISR), Certified Insurance Counselor (CIC) or Certified Risk Manager (CRM) is preferred.

Technical/Functional Skills:

• Premium Financing Products
• Financial Analysis
• Risk Assessment
• Industry Regulations
• Develop and Implement Strategic Plans

Financial Software and Tools Behavioral Skills:

• Effective Communication
• Interpersonal Skills
• Attention to Detail
• Decision Making
• Problem-Solving
• Continuous Learning 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 $22.25 - $28.00 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 HR@Ryansg.com 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. A multi-time winner of Newsweek's Most Loved Workplaces and Insurance Business's Top Insurance Employers, Ryan Specialty is home to some of the brightest talent in the insurance industry. Join our team and help provide innovative solutions for insurance brokers, agents and carriers. Talent Network Not seeing the right job opening? To learn more about future opportunities Introduce yourself and join our talent network Benefits Curious about Ryan Specialty's benefits? Explore our employee benefits here! Ryan Specialty, LLC and its affiliates ("Ryan Specialty") do not accept unsolicited resumes or candidate profiles submitted by any staffing agencies, placement services or professional recruiters ("Agencies"), including any submissions made through our website or to email accounts of Ryan Specialty employees. Agencies must be registered in Ryan Specialty's agency portal and have a fully executed contract for service between Ryan Specialty and the Agency. Agency fee agreements will only be valid if provided in such fully executed contract between Ryan Specialty and the Agency. Any unsolicited resume or candidate profile received from an Agency without prior approval from Ryan Specialty's HR department and in compliance with Ryan Specialty's candidate submission process shall be considered unsolicited, gratuitous and property of Ryan Specialty for recruiting purposes and, as such, is not subject to payment of any Agency fees.