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Principal Risk Analyst

Job ID: 39166
Department: Treasury
Location: 4 World Trade Center

Responsibilities

The Treasury Department has an exciting new opportunity for a Principal Risk Analyst to join their Risk Financing Division. This individual will supervise, lead, and promote the design, development, and implementation of insurance programs associated with the Port Authority's Master Contractor Insurance Program (CIP) and the World Trade Center Owner Controlled Insurance Programs (OCIPs) as well as any other construction insurance programs.  Responsible for the daily operational and financial management of insurance matters in connection with all construction insurance activities.  Oversee all claims related activities in connection to the Port Authority's construction activities.

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

  • Under the supervision of the Manager of Risk Financing, the successful candidate 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.
  • Negotiate with third parties on behalf of the Port Authority, using recognized insurance principles and sound judgment.
  • 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.
  • Work closely with other Port Authority Departments, such as the Law Department, Engineering, Procurement, Capital Planning, Safety and Operations Services as well as with brokers, construction professionals, and other governmental and private third-party entities.
  • Oversee the Port Authority's Property Construction Claims Related Activities.
  • 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
  • Ability to communicate complex information effectively in writing to all levels of staff, management and external customers.
  • Oversee broker’s maintenance of 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

Qualifications

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

  • Bachelor’s Degree in Risk Management, Finance, Business, Law or related field
  • Possess a minimum of five (5) years of experience in contractual risk analysis relating to construction

Desired

Ideal candidates will present the following profile:

  • The incumbent must be able to efficiently review contracts and have the ability to comprehend legalese.  
  • Ability to assess risk
  • Construction insurance background preferred
  • 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 at 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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