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Senior Risk Analyst

Job ID: 38312
Department: Treasury
Location: 4 World Trade Center

Responsibilities

As a reporting department to the Chief Financial Officer, the Treasury Department is a team of dedicated professionals who carry out essential financial and risk management functions which enable the Port Authority to fulfill its business objectives. Specifically, Treasury contributes to the long-term financial stability of the Agency through the developing and protecting its fixed and liquid assets, maintaining access to capital markets at a reasonable cost, managing liquid assets to achieve returns consistent with agreed upon risks, overseeing investing and financing programs consistent with the interests of all stakeholders, meeting financial obligations with the highest level of financial integrity, and developing and managing programs that provide financial protection in the event of damage to or loss of facilities or from injury to others.

The Treasury Department is seeking a Senior Risk Analyst to join their team. Under the supervision of the Manager of Risk Financing, the Senior Risk Analyst 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 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 language and ensure that it is being implemented in the final version of the contract.
  • Work to protect the Agency against financial loss stemming from the operations of third parties by ensuring adequate risk transfer.
  • Interact with insurance brokers, claims adjusters and attorneys.
  • The candidate will be required to obtain an understanding in construction-related insurances.
  • Reporting, investigating and evaluating insurance claims.
  • Preparation of agenda materials including presentations for the Board Approval process.
  • Maintain the Schedule of Insurance summarizing all of the insurance programs.
  • Communicating with Port Authority staff, insurance brokerage firms, construction contractors, TPA, claims personnel and other entities as appropriate.
  • Ad hoc risk related projects.
  • Negotiate with vendors regarding contract language and insurance requirements.
  • Ability to use sound judgment in determining whether to grant vendor’s requests to changes in language and limits.

Qualifications

Candidates must present the following qualifications to be considered eligible for this position:

  • Possess a Bachelor’s Degree in Risk Management, Finance, Business, Law or related field from an accredited college or university OR
  • Minimum of five (5) years of experience in contractual risk analysis.

Desired

Ideal candidates will present the following profile:

  • Able to efficiently review contracts and have the ability to comprehend legalese  
  • Ability to assess risk as it affects the Port Authority
  • Ability to interact effectively with internal and external clients
  • Excellent verbal and written communication skills
  • Strong customer service 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 to managing multiple projects under tight deadlines
  • Strong PC skills including Excel, Word and PowerPoint

Compensation & Benefits

The Port Authority of New York and New Jersey offers a competitive salary, an outstanding benefits package and a professional environment that supports development and recognizes achievement.

How To Apply

Interested candidates should apply to this job by clicking on the Apply Now button and submitting a combined cover letter and resume. The Port Authority of NY & NJ welcomes veteran and military spouse applications.

Only applicants under consideration will be contacted.

About The Port Authority

Founded in 1921, the Port Authority of New York and New Jersey builds, operates, and maintains many of the most important transportation and trade infrastructure assets in the country. The agency's network of aviation, ground, rail, and seaport facilities is among the busiest in the country, supports more than 550,000 regional jobs, and generates more than $23 billion in annual wages and $80 billion in annual economic activity. The Port Authority also owns and manages the 16-acre World Trade Center site, where the 1,776-foot-tall One World Trade Center is now the tallest skyscraper in the Western Hemisphere.

EQUAL OPPORTUNITY EMPLOYER

The Port Authority of New York & New Jersey/Port Authority Trans-Hudson (PATH) is an Equal Opportunity Employer.

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