Division:Risk Management
Project Location(s):New York, NY 10001 USA
Minimum Years Experience:4
Travel Involved:None/Not Specified
Job Type:Regular
Job Classification:Experienced
Education:Bachelors Degree
Job Family:Insurance and Claims
Compensation:Salaried Exempt
PositionDescription:Performinsurance program renewals and coverage placements related activities forcompany and external clients for various lines of coverage including but notlimited to general liability, auto, workers' compensation, builders' risk,professional liability, pollution, cyber, crime, fiduciary, and Director &Officers liability insurance.
EssentialDuties & Key Responsibilities:- Perform high volume of annual renewal and coverage placements related activities in conjunction with Brokers for company and external clients' insurance programs including, but not limited to general liability, auto, builders' risk, professional liability, pollution, cyber, crime, fiduciary, workers' compensation, and Directors & Officers liability insurance.
- Collect and compile insurance program renewal submission content and draft key communications in support of client and insurance partner goals and needs.
- Gather and analyze financial and insurance data for renewals of annual insurance programs; develop coverage needs, present recommendations, and prepare renewal applications.
- Conduct reviews and analyses of initial insurance quotes and Broker/Insurance Carrier responses; follow up with broker for missing items as needed.
- Participate in renewal meetings, review Broker and Insurance Carrier quotes, and assist with negotiation process.
- Review and analyze all binding documents from Brokers and ensure accuracy and compliance with program requirements.
- Escalate change requests such as program requirements, changes in coverage, and changes in financial structure.
- Maintain policy documentation at each renewal and ensure accuracy to negotiated terms within risk management database and order corrections from Brokers and Insurance Carriers.
- Establish relationships and build partnerships with Brokers and Insurance Carriers.
Contribute technical content for insurance programs training materials, in collaboration with Project Risk team.
Assist with Insurance Cost Calculator (ICC) activities as needed.
Other activities, duties, and responsibilities as assigned.
*Thesalary range for this position in NYC is estimated to be $85K - $100K.
*The salary range for this position in Boston is estimated to be $85K - $100K.
*The salary range for this position in Connecticut is estimated to be $85K -$100K.
*The salary range for this position in New Jersey is estimated to be $85K -$100K.
Actualcompensation packages within that range are based on a wide array of factorsunique to each candidate, including but not limited to skill set, years anddepth of experience, certifications, and specific location. *
- Qualifications:
- Bachelor's Degree from accredited program in Insurance, Risk Management, Finance, Business Administration, or related field of study, with minimum of 4 years of experience in insurance or risk management or claims with emphasis on construction; or equivalent combination of education, training, and experience
- Chartered Property Casualty Underwriter (CPCU), Associate in Risk Management (ARM), or similar insurance designation, preferred
- Construction industry risk management experience, desired
- Ability to read and understand contracts and insurance documents
- Analytical and adept at processing and breaking down data into actionable information
- Self-starter with strong project management skills and capable of managing concurrent complex projects and tasks successfully to completion
- Demonstrate teamwork and interpersonal skills, able to engage and work with individuals across organizational levels
- Professional written and verbal communication skills, ability to communicate technical information to non-technical audiences
- Proficient computer skills, Microsoft Office suite of applications, collaborative tools, and insurance-based risk management information systems
- Limited travel
Physical Demands:
Thephysical demands described here are representative of those that must be met byan employee to successfully perform the essential functions of this job.Reasonable accommodation may be made to enable individuals with disabilities toperform the essential functions. While performing the duties of this job, theemployee is frequently required to sit, climb, balance, stoop, kneel, crouch,crawl, use hands to finger, handle or feel objects, tools, or controls, andreach with hands, talk, and hear. The employee frequently views a computermonitor and frequently uses a computer keyboard. Specific vision abilitiesrequired by this job include close vision, peripheral vision, depth perception,and the ability to adjust focus. The employee is regularly required to bemobile, and the employee regularly travels both short and long distances via avariety of conveyances. The employee must regularly lift and/or move up to 10pounds and occasionally lift and/or move up to 25 pounds.
Work Environment:
Thework environment characteristics described here are representative of those anemployee encounters while performing the essential functions of this job.Reasonable accommodation may be made to enable individuals with disabilities toperform the essential functions. The employee regularly performs work on-siteat construction work sites, office locations, and/or off-site venues. Whileperforming the duties of this job, the employee regularly works in an office orremote setting. Thenoise in the work environment is usually quiet to moderate in an officesetting. While performingthe duties of this job, the employee occasionally works at construction worksites where the employee is exposed to moving mechanical parts, high precariousplaces, fumes, or airborne particles, outside weather conditions, and risk ofelectrical shock. The noise in the work environment is usually moderate toloud. The employee is required to work in compliance with company safetypolicies, procedures, and applicable laws.
