Job ID: 61320
Location: 4 World Trade Center
Responsible for the placement and administration of Port Authority’s operational insurance programs, which includes the Agency’s complex Property, Public Liability, and other insurance programs. Represent the Port Authority in internal and external discussions with domestic and international insurance underwriters, claims, legal, safety and security, and brokerage staff. Assist with the daily administration of the Risk Financing team, including board process coordination, budget preparation, monitoring insurance payments, RFP coordination, technology, and other special projects as assigned by the General Manager, Risk Financing.
Support the General Manager, Risk Financing in planning, managing, and directing the agency’s risk and insurance management operations, including both purchased insurance and contractual risk transfer.
Assist with the procurement and administration of the Port Authority's Insurance Programs through assembling key underwriting data and information concerning Port Authority’s operations and risk management programs.
Participate in renewal discussions with senior staff, brokers, and current and/or prospective insurance underwriters.
Provide memorandums and presentations to Executive Staff and the agency’s governing Board of Commissioners concerning insurance renewals, inclusive of the agency’s captive insurance company.
Review policy terms and conditions, monitor financial capabilities of insurers, prepare premium and self-insurance cost estimates and prepare the associated cost allocations.
Lead and develop a high-performing team of three Analysts, fostering their technical skills and growth within the agency.
Coordinate/implement processes and/or technology to enable the Risk Financing team to efficiently track and complete contract reviews.
Review Port Authority contracts and provide appropriate insurance requirements.
Maintain the Risk Financing intranet page.
Plan, direct, and/or coordinate projects within the Risk Financing team.
Perform other related duties as assigned by the General Manager, Risk Financing
· Bachelor’s degree
· Demonstrated analytical ability
· Demonstrated ability to effectively interact with staff at all levels
· Demonstrated excellent oral and written communications skills
· Advanced skill using Microsoft PC applications (Excel, Word, MS Project, SharePoint, Teams)
· Broad understanding of insurance matters
Master’s degree in finance, Economics, Business Administration, Law, or related field
Brokerage, underwriting, and/or claims experience
5 -7 years of applicable work experience
Willingness to learn
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.
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.
The Port Authority of New York & New Jersey/Port Authority Trans-Hudson (PATH) is an Equal Opportunity Employer.