Location: New York,NY, USA
**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, 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 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.
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
REQNUMBER: 61320