Senior Risk Analyst - Treasury Department - Risk Financing

Port Authority of NY & NJNew York, New York

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Job Description

Description

Position at The Port Authority of NY & NJ

About the Role

This role is in the agency’s Treasury department and plays a critical role in aiding in the protection of the agency’s balance sheet through contractual risk transfer, insurance placement and policy administration. The candidate will work across the agency, serving as the insurance subject matter expert for major projects that keep the region moving.

Responsibilities

Assist with complex contract reviews, performing coverage evaluations and assessments.
Establishes and negotiates third-party coverage requirements.
Aggregates, analyzes and presents underwriting data and information.
Verify the adequacy and maintenance of insurance coverages.
Manage relationships with internal stakeholders and third parties, including but not limited to brokers, insurers, adjusters, attorneys.
Recommend insurance language for contracts.
Negotiate contractual risk transfer with both internal and external stakeholders.
Assist with the procurement brokerage services.
Contributes to Port Authority insurance renewals, including data gathering and analysis to support underwriting disclosure for insurers/reinsurers.
Prepare Board material for authorization of procurement of insurance products and services.
Maintain data and information within the Risk Management Information System (RMIS), data and information within the Risk Management Information System.
Prepare and/or participate in ad hoc risk related projects and reports.

Minimum Qualifications

Must be able to efficiently review contracts and comprehend legalese.

Be knowledgeable in construction0related insurance as well as insurance coverage needed for operations at Port Authority facilities.
Bachelor’s degree in risk management, Finance, Economics, Business Administration, Law, or related field and a minimum of five (5) years contractual risk analysis experience in construction for large/complex entities like the Port Authority.
Exercise sound judgement in determining appropriate risk transfer and any exceptions to requirements that can be granted.
Perform risk assessments.
Interacts effectively with internal and external clients.
Excellent verbal and written communication and presentation skills.
Strong customer service skills.
Demonstrated ability to prepare formal presentations.
Exceptional analytical skills with attention detail.
Must work independently and as part of team.
Adept at managing multiple projects under tight deadlines.
Strong PC skills including Excel, Word, PowerPoint and Riskonnect.

Desired Qualifications

College degree in Risk Management, Finance, Economics, Business Administration, Law, or related field
Insurance designations including ARM, CPCU, CRM CIC RIMS-CRMP or others plus.
Risk Management, brokerage, underwriting, and or claims 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 & On-Site Collaboration Requirements:

The Port Authority of New York and New Jersey offers a competitive benefits package and aprofessional environment that supports development and recognizes achievement.Click herefor more information about benefits, our culture, and career developmentopportunities.

The Port Authority of New York and New Jersey anticipates that the actual salary offered to asuccessful candidate will depend on aspects such as experience, knowledge, skills, abilities,and internal factors. The expected compensation range for this role is:

Minimum: $100,256 Midpoint: $130,318 Maximum: $160,394

In accordance with Port Authority policy, this position permits employees to work remotely a maximum of one day per week, subject to operational and business needs.

How to Apply:Interested candidates should apply to this job by clicking on the "Apply Now" button and submitting a resume. The Port Authority of NY & NJ welcomes veteran and military spouse applications.Only applicants under consideration will be contacted.About The Port Authority:Founded in 1921, the Port Authority of New York and New Jersey builds, operates, and maintains many of the most important transportation and trade infrastructure assets in the country. The agency's network of aviation, ground, rail, and seaport facilities is among the busiest in the country, supports more than 550,000 regional jobs, and generates more than twenty three billion in annual wages and eighty billion in annual economic activity. The Port Authority also owns and manages the 16-acre World Trade Center site, where the 1,776-foot-tall One World Trade Center is now the tallest skyscraper in the Western Hemisphere.Equal Opportunity EmployerThe Port Authority of New York & New Jersey/Port Authority Trans-Hudson (PATH) is an Equal Opportunity Employer.It is the Port Authority’s policy, in accordance with the Americans with Disabilities Act (ADA) and other applicable laws, to provide reasonable accommodations to qualified persons with disabilities who are employees or applicants for employment and who request the Port Authority do so, unless providing the requested accommodation would result in an undue hardship to the Port Authority.Job applicants may request a reasonable accommodation (1) if they claim a disability is affecting the interview process, or (2) to ensure that if they are selected for a position, they can perform the essential job functions. To submit a request, please contact the recruiter or email the Human Resources Department’s Disability Accommodation Coordinator at [email protected].The Port Authority will treat any request for Reasonable Accommodation by a job applicant confidentially.

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FAQs About Senior Risk Analyst - Treasury Department - Risk Financing Jobs at Port Authority of NY & NJ

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