• Assistant Manager, Corporate Insurance/Risk…

    Port Authority of New York and New Jersey (New York, NY)


    Description

    Responsibilities

    + Responsible for the placement and administration of Port Authority’s operational insurance programs, which includes the Agency’s complex Property, Public Liability, and other insurance programs.

    + Represent the Port Authority in internal and external discussions with domestic and international insurance underwriters, claims, legal, safety and security, and brokerage staff.

    + Assist with the daily administration of the Risk Financing team, including board process coordination, budget preparation, monitoring insurance payments, RFP coordination, technology, and other special projects as assigned by the General Manager, RiskFinancing.

    + Supportthe General Manager, Risk Financing in planning, managing, and directing the agency’s risk and insurance management operations, including both purchased insurance and contractual risk transfer.

    + Assist with the procurement and administration of the Port Authority's Insurance Programs through assembling key underwriting data and information concerning Port Authority’s operations and risk management programs.

    + Participate in renewal discussions with senior staff, brokers, and current and/or prospective insurance underwriters

    + Provide memorandums and presentations to Executive Staff and the agency’s governing Board of Commissioners concerning insurance renewals, inclusive of the agency’s captive insurance company.

    + Review policy terms and conditions, monitor financial capabilities of insurers, prepare premium and self-insurance cost estimates and prepare the associated cost allocations.

    + Lead and develop a high-performing team of three Analysts, fostering their technical skills and growth within the agency.

    + Coordinate/implement processes and/or technology to enable the Risk Financing team to efficiently track and complete contract reviews.

    + Review Port Authority contracts and provide appropriate insurance requirements.

    + Maintain the Risk Financing intranet page.

    + Perform other related duties as assigned by the General Manager, Risk Financing.

    Minimum Qualifications

    + Bachelor's degree

    + Demonstrated analytical ability

    + Demonstrated ability to effectively interact with staff at all levels

    + Demonstrated excellent oral and written communications skills

    + Advanced skills using Microsoft PC applications (Excel, Word, MS Project, SharePoint, Teams)

    + Broad understanding of insurance matters

    Desired Qualifications

    + Master’s degree in finance, Economics, Business Administration, Law, or related field

    + Brokerage, underwriting, and/or claims experience

    + 5 -7 years of applicable work experience

    + Willingness to learn

     

    Selection Process

     

    The application process varies by position, but typically includes an initial phone interview for qualified candidates, followed by a more in-depth interview(s) and/or assessment(s). Selected candidates who are made a conditional job offer will be asked to undergo a background check.

     

    Compensation & Benefits

     

    The Port Authority of New York and New Jersey offers a competitive benefits package and a professional environment that supports development and recognizes achievement.

     

    Click here (https://www.jointheportauthority.com/pages/working-here) for more information about benefits, our culture, and career development opportunities.

    REQNUMBER: 63331