Senior Risk Analyst - Treasury Department - Risk Financing

About the Role

This role is in the agency’s Treasury department and plays a critical role in aiding in the protection of the agency’s balance sheet through contractual risk transfer, insurance placement and policy administration.  The candidate will work across the agency, serving as the insurance subject matter expert for major projects that keep the region moving.

Responsibilities

• Assist with complex contract reviews, performing coverage evaluations and assessments.
• Establishes and negotiates third-party coverage requirements.
• Aggregates, analyzes and presents underwriting data and information.
• Verify the adequacy and maintenance of insurance coverages.
• Manage relationships with internal stakeholders and third parties, including but not limited to brokers, insurers, adjusters, attorneys.
• Recommend insurance language for contracts.
• Negotiate contractual risk transfer with both internal and external stakeholders.
• Assist with the procurement brokerage services.
• Contributes to Port Authority insurance renewals, including data gathering and analysis to support underwriting disclosure for insurers/reinsurers.
• Prepare Board material for authorization of procurement of insurance products and services.
• Maintain data and information within the Risk Management Information System (RMIS), data and information within the Risk Management Information System.
• Prepare and/or participate in ad hoc risk related projects and reports.

Minimum Qualifications

• Must be able to efficiently review contracts and comprehend legalese.

• Be knowledgeable in construction0related insurance as well as insurance coverage needed for operations at Port Authority facilities.
• Bachelor’s degree in risk management, Finance, Economics, Business Administration, Law, or related field and a minimum of five (5) years contractual risk analysis experience in construction for large/complex entities like the Port Authority.
• Exercise sound judgement in determining appropriate risk transfer and any exceptions to requirements that can be granted.
• Perform risk assessments.
• Interacts effectively with internal and external clients.
• Excellent verbal and written communication and presentation skills.
• Strong customer service skills.
• Demonstrated ability to prepare formal presentations.
• Exceptional analytical skills with attention detail.
• Must work independently and as part of team.
• Adept at managing multiple projects under tight deadlines.
• Strong PC skills including Excel, Word, PowerPoint and Riskonnect.

Desired Qualifications

• College degree in Risk Management, Finance, Economics, Business Administration, Law, or related field
• Insurance designations including ARM, CPCU, CRM CIC RIMS-CRMP or others plus.
• Risk Management, brokerage, underwriting, and or claims experience.
• Willingness to learn

Selection Process

The application process varies by position, but typically includes an initial phone interview for qualified candidates, followed by a more in-depth interview(s) and/or assessment(s). Selected candidates who are made a conditional job offer will be asked to undergo a background check.

Compensation, Benefits & On-Site Collaboration Requirements:​

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