Vornado Realty Trust (NYSE: VNO) is an equity Real Estate Investment Trust (REIT) with over 30 million square feet of office and retail properties under management. With portfolio concentration in New York City, Vornado also owns premier assets of theMART in Chicago and the 555 California Street complex in San Francisco. Vornado's reputation in the industry is one of unmatched quality and integrity. For more than ten years, Vornado has been a leader in environmental sustainability among REITs and large commercial landlords in New York.Vornado's Risk Management group is seeking a Risk Analyst to work in the Paramus location. Exciting opportunity for a highly motivated individual to join a premier real estate company. Will be exposed to all levels of management and a wide variety of company initiatives. Will consider recent college graduates with advanced Excel skills and a strong desire to break into the field of Risk Management.The Risk Analyst will manage the financial documentation for the risk management function, including tracking insurance premiums, carrier / broker ratings and relationships and all related expenses / cost allocations for division expense budgets, invoices, etc. Will manages policy documentation processes and procedures as well as external and internal loss (claim) information systems.Primary Duties and Responsibilities:
- Serve as the primary service contact for all financial related inquiries, including but not limited to invoices, budgets, allocations for all lines of coverage.
- Responsible for developing a strong working relationship with building management, insurance carriers, brokers, adjusters, and Risk Management team members.
- Process and code all departmental invoices for management approval by confirming the accuracy of all invoices and maintaining updated database of invoices.
- Serve as the primary service contact for all Certificate of Insurance requests, including but not limited to requests from building managers, vendors, lenders, contractors and other third parties to ensure accuracy and timeliness of requests.
- Develop a strong working relationship with building management, insurance carriers, brokers, adjusters, and Risk Management team members.
- Ensure insurance premium payments are paid in a timely manner.
- Support the Sr. Director, Risk Management by responding to general inquiries/requests, maintaining documentation of communications, issues, and issue resolutions.
- Assist the Head of Risk Management with the maintenance of financial records/trackers.
- Maintain and review all insurance policies, endorsements, binders, coverage digests, broker fee agreements and department schedule of insurance to ensure that the policies are correct and complete as bound.
- Coordinate all premium audits.
- Assist the Sr. Director, Risk Management with monitoring and management of Workers' Compensation, Property and General Liability claims.
- Monitor worker's compensation and property loss data by preparing monthly and quarterly loss analysis reports, including obtaining loss run data from insurances carriers and brokers.
- Analyze (reconcile) workers' compensation deductible billing invoices.
- Assist the Head of Risk Management with insurance renewals by gathering relevant underwriting data including, but not limited to, payroll data by classification, vehicle information/documentation, property values, etc.
- Assist with annual and ad hoc requests for Certificates of Insurance, including but not limited to requests from building managers, vendors, lenders, contractors and other third parties to ensure accuracy and timeliness of requests.
- Participate in property risk engineering inspections.
- Report carrier premium volume and carrier financial ratings
- Perform Ways & Means analysis (Marshall & Swift) cost valuations in support of related property coverage programs.
- Other related duties as assigned.
Job Qualifications:
- Strong written and verbal communication and interpersonal skills.
- Work effectively and establish priorities with minimal supervision.
- Effective time/project management skills to meet tight deadlines.
- Proficient in MS Office software.
- Reliable and thorough with a deep commitment to accuracy.
- Strong work ethic with individual problem-solving capabilities and analytical skills.
- Ability to create and implement structure and process to help automate tasks wherever feasible.
- Must be highly driven to learn and grow within the department and organization.
- Become a notary public.
Education/Experience Required:
- College degree or equivalent related experience.
- Related knowledge and experience in the areas of Finance/Accounting, Risk Management or Compliance is a plus.
Vornado Realty Trust is not offering reimbursement for relocation expenses for this position located in our Paramus, NJ office.Vornado Realty Trust is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard for race, religion, color, national origin, sex, age, status as a protected veteran, among other things, or status as a qualified individual with a disability. Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)