Insurance Management/Purchasing, Property and Casualty, Risk Management
2 Year Degree
TREASURY DEPARTMENT – Band 3 - SENIOR RISK ANALYST (External)
Under the supervision of the Manager of Risk Financing, the successful candidate will analyze all manner and types of contracts that the Agency enters into (e.g. construction contracts, leases, permits, easements, rights of entry, MOU’s); be able to identify exposure to liability or financial loss that may result from claims arising from bodily injury or property damage, and craft insurance language that will transfer risk to the counterparty.
The incumbent MUST be knowledgeable in contractual risk transfer methods and be able to efficiently review all manner of agreements
Have a Bachelor’s Degree in risk management, finance, business, or law and minimum of five (5) years of experience in contractual risk analysis relating construction; or
Associate degree in risk management, finance, business, or law and minimum of seven (7) years of experience contractual risk analysis relating construction, or
Ability to assess risk
Thorough knowledge of construction and operational insurance coverages and other risk transfer mechanisms
Ability to interact effectively with internal and external clients
Experience in reporting, investigating and evaluating insurance claims would be helpful
Knowledge of current developments in contractual insurance provisions, wording and terms
Understand the insurance broking process and have the ability to interact with insurance brokers, claims adjusters and attorneys.
Excellent verbal and written communication skills
Demonstrated ability to prepare formal presentations
Exceptional analytical skills with attention to detail
Must have ability to work independently or as part of a team
Adept at managing multiple projects under tight deadlines
Strong PC skills, including, Excel, Word and PowerPoint
Candidates possessing or working toward Property and Casualty Broker’s License (license is not required for this position) CPCU, ARM or equivalent professional designations are preferred
The successful candidate’s responsibilities shall include but will not be limited to:
Review complex contracts to identify and quantify risks. Verify that adequate insurance coverage has been provided and is being maintained by all parties to a contract. Recommend specific insurance provisions and ensure that they are implemented in the final version of the contract.
Ensure that the counterparty has met the minimum insurance requirements by reviewing certificates of insurance.
Work to protect the Agency against financial loss stemming from the operations of third parties by ensuring adequate risk transfer.
Communicating effectively with Port Authority staff, insurance brokerage firms, construction contractors, TPA, claims personnel and other entities as appropriate.
Mange and track property claims, including working with adjusters and brokers to resolve disputes