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Staff Risk Analyst

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Job ID: 60894
Department: Treasury
Location: New York, NY

Description

 

Position Responsibilities:


Under the supervision of the General Manager of Risk Financing, the successful candidate will analyze various agreements that the Agency enters into (e.g., construction and operations contracts, leases, permits, easements, rights of entry, and Memoranda of Understanding).

 

The successful candidate’s responsibilities shall include but will not be limited to: 

 

  • Review contracts to identify exposures and provide insurance specifications.

 

  • Negotiate with vendors and lessees regarding contract language and insurance requirements.
     
  • Verify that adequate insurance coverage has been provided and is being maintained by all parties to a contract.

 

  • Assist with Port Authority insurance renewal/audit, including data gathering and analysis for disclosure to insurers/reinsurers.

 

  • Assist with the procurement of risk financing services as needed (e.g., brokerage services, certificate management, etc.).

 

  • Assist with preparation of required materials for authorization and Board approval process, including presentations for the Board Approval process.

 

  • Communicate with Port Authority staff, insurance brokerage firms, TPAs, attorneys, claims personnel and other entities as appropriate.

 

  • Prepare and/or participate in ad hoc risk related projects, analyses, and reports.

 

 

Position Qualifications/Requirements:

 

  • Must be able to review contracts and comprehend legalese

 

  • Have knowledge of insurances related to the operations of Port Authority facilities (e.g., Workers’ Compensation, General Liability, Auto, and Professional Liability)

 

  • Have a bachelor’s degree in risk management, finance, business, economics, engineering, or law and minimum of two (2) years of experience in contractual risk analysis relating to leases; or

 

-          Associate degree in risk management, finance, business, or law and minimum of four (4) years of experience contractual risk analysis relating to leases, or

 

-          High School Diploma and minimum of 10 years contractual risk analysis

 

  • Completed or in the process of completing a Professional Designation such as CPCU, SCLA, and/or ARM preferred

 

  • Demonstrated ability to conduct contractual risk assessments and data analysis
  • Ability to identify appropriate risk transfer opportunities and any exceptions to requirements that can be granted

 

  • Ability to interact effectively with internal and external clients

 

  • Excellent verbal and written communication skills

 

  • Strong customer service skills

 

  • Exceptional critical thinking and analytical skills with attention to detail

 

  • Must have ability to work independently or as part of a team

 

  • Strong PC skills including Excel, Word, and PowerPoint

 

 

How to Apply:

Interested candidates should apply to this job by clicking on the "Apply Now" button and submitting a 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 twenty three billion in annual wages and eighty 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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