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The Port Authority of New York & New Jersey · 12 hours ago

Principal Risk Analyst - Treasury Department - Risk Financing

New York, NY

Full-time

Hybrid

Lead/Staff

$107K/yr - $172K/yr

10+ years exp

The Port Authority of New York & New Jersey is responsible for vital transportation and trade infrastructure. They are seeking a Principal Risk Analyst to oversee the Risk Financing Team, manage insurance programs, and ensure compliance with risk management practices.

Government Administration

Comp. & Benefits

Responsibilities

The successful candidate will mentor a team of risk analysts, providing guidance and support in scope of work and contract review, risk assessment and operational requirements

Review scopes of work and contracts (e.g. construction contracts, operating agreements, partnership agreements, leases, permits, easements, rights of entry, MOUs) to identify exposure to liability or financial loss and recommend appropriate risk transfer terms and insurance language, and insurance limits. Support, guide, and mentor a team of risk analysts to do the same

Assist in the procurement of brokerage services and prepare supporting materials, including memos and presentations, for authorization and Executive and Board consideration

Coordinate the Port Authority’s insurance renewal process by overseeing data collection and analysis to support underwriting disclosures for insurers and reinsurers. You will guide your team in recommending appropriate insurance requirements for contracts and ensure these requirements are accurately reflected in final documents. Your attention to detail and collaborative approach will help strengthen our risk management practices throughout the renewal cycle

Assist with Risk Financing division budget development and periodic variance analysis and various insurance cost allocations

Collaborate with and influence internal and external partners, including Port Authority line and staff departments, brokers, private and public sectors partners, construction professionals, and governmental entities as needed

Monitor compliance, ensure team adherence to internal policies, regulatory requirements and best practices

Create and analyze Insurance budget

Participate in ad hoc risk-related projects as assigned

Qualification

Contractual risk analysisInsurance program managementRisk assessmentConstruction risk expertiseAnalytical skillsMicrosoft Office proficiencyCustomer service orientationCommunication skillsAttention to detailTeam collaborationProject management

Required

Bachelor's degree in risk management, finance, economics, business, law or a related with a minimum of 10 years in contractual risk analysis and transfer

Expertise in construction risk, captives, complex risk structures, public infrastructure insurance, covering the aviation, real estate, and/or transportation sectors. Experience should include conducting risk assessments for wide range of projects, contracts/agreements, and partnership structures and drafting and reviewing insurance and indemnification clauses for said arrangements

Strong written and verbal communication skills for diverse audiences including internal and external customers and executive leadership

Ability to evaluate insurance coverage and recommend enhancements

Strong analytical skills and ability to distil and present risk concepts to team members and management

Ability to manage multiple projects under tight deadlines with strong customer service orientation

Proficient in Microsoft Office applications (Excel, Word, MS Project, SharePoint, Teams)

Strong attention to detail and analytical skills

Preferred

Master's degree in risk management, finance, economics, business, law, or related field

Over 15 years of experience in corporate insurance role that involves contractual risk assessment/transfer and/or the purchase of complex corporate insurance programs

Insurance designations (CPCU, ARM, CRM, CIC, RIMS-CRMP) are a plus

Experience in brokerage, underwriting, and/or claims

Knowledge of OCIP and CCIP insurance programs

Proficiency in MS Power BI or GenAI tools for data analysis and reporting with experience developing dashboards and reports for management

Familiarity with compliance and regulatory requirements

Experience supporting RFPs and authorization processes

Benefits

Competitive benefits package

Professional environment that supports development and recognizes achievement

Company

The Port Authority of New York & New Jersey

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If you have ever flown out of JFK, biked across the George Washington Bridge, or captured that perfect picture of the World Trade Center, then you have witnessed just some of what the Port Authority of NY & NJ does.

Founded in 1921

5001-10000 employees