Responsibilities:
Responsible
for the placement and administration of our operational insurance
programs, which includes our complex Property, Public Liability, and
other insurance programs. Represent the client 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, Risk Financing.
Support the
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 clients 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 contracts and provide appropriate insurance requirements.Maintain
the Risk Financing intranet page.
Plan,
direct, and/or coordinate projects within the Risk Financing team.
Perform
other related duties as assigned by the General Manager, Risk Financing
Requirements
Bachelor’s
degree
·
Demonstrated
analytical ability
·
Demonstrated
ability to effectively interact with staff at all levels
·
Demonstrated
excellent oral and written communications skills
·
Advanced
skill using Microsoft PC applications (Excel, Word, MS Project, SharePoint,
Teams)
·
Broad
understanding of insurance matters
Desired:
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