This position is responsible for assisting in administering the company's various insurance coverages; reviewing vendor contract wording related to indemnification, and for accounting/analyzing the associated insurance premiums and expenses. Insurance placements include property, cyber, worker's comp, aircraft hull deductible; aviation all risk (hull & liability); war risk hull & liability. Additional responsibilities include processing and settling passenger baggage claims and overseeing other insurance related claims.
Values and Behavioral Standards: To ensure the effective communication and application of company values and behavioral standards, as stated in our company "Code of Conduct" policy, and to respond appropriately in the event of any known departure, and to manage the people and processes for which the position is responsible in an effective, open and mature fashion.
Major Job Accountabilities:- Fulfill all insurance renewal requirements including assembling and analyzing exposure data, completing applications and meeting with brokers and insurers to obtain favorable proposals.
- Maintain in-depth knowledge and understanding of insurance policies to be able to advise business units on coverage's, policy terms, conditions and exclusions.
- Ensure timely and accurate payment of insurance premiums. Allocate and prepare premium bill-backs to customers responsible for their share of insurance expense.
- Liaise with insurance brokers for obtaining evidence of insurance by way of Certificates of Insurance and Broker Letters of Undertaking in compliance with aircraft lease and finance agreements, civil aviation authorities and airports, service providers and vendors.
- Prepare monthly accounting submissions to report insurance premiums and expenses; perform financial variance analyses; liaise with Corp. Acct on all insurance and claim expense matters; assist in the preparation of annual Insurance Budget.
- Investigate, validate and settle passenger baggage claims. Liaise with insurance captive admin for accounting for baggage settlements. File for recovery under AAWW's aviation insurance.
- Assist Director, Risk Management in all matters of aviation insurance and risk management.
- Review and approve vendor contract wording related to Insurance and Indemnification
- Oversee claims activity as assigned by Director, Risk Management
- Maintain current on insurance developments, markets and best practices.
Qualifications: - Minimum 2 - 3 years' experience in a similar position or related experience (ARM, CPCU, P&C broker's license, professional designations a plus)
- Bachelor's degree, or added work experience (coursework in insurance risk management desirable)
- Proficiency in Microsoft Outlook, Word, Excel, Teams and PowerPoint
- Working knowledge of accounting and finance concepts and principles as related to insurance and
- Working knowledge of processing insurance claims
- Strong communication skills
- Ability to multi-task, work in a fast-paced environment and meet tight deadlines
- Airline industry experience preferred
#GH19 #LI-Hybrid #LI-20
Competitive compensation will be offered based on a variety of factors, including a candidate's experience, skills, education, geographic location, internal equity and other factors. In addition, a range of benefits to include medical, dental and vision insurance, employee assistance program, as well as generous paid time off, and 401K contributions are offered as a part of the total compensation package.
Pay Range
$91,000-$123,000 USD
