New York City Economic Development Corporation
Vice President, Insurance & Risk Manager
New York City Economic Development Corporation, New York, New York, us, 10261
Overview
Position: Vice President, Insurance & Risk Manager. This role reports directly to the Executive Vice President of Finance and is responsible for the delivery and oversight of the organization’s insurance and risk management programs. You will interact with other departments to establish industry best practices.
Our Vision:
To make New York City the global model for inclusive innovation and economic growth, fueled by the City's diverse people and businesses.
Our Mission:
Creating a vibrant, inclusive, and globally competitive economy for all New Yorkers.
Compensation:
Salary Range: $125,000—$130,000 USD
Responsibilities
Advise on all corporate wide insurance matters including reviewing operations, identifying gaps, and recommending new coverages as needed
Manage NYCEDC's internal captive insurance company including the development of processes and policies to be used with the captive, the addition of new coverages, and review of the captive's risks and exposures
Review contracts managed by different departments across the organization along with the NYCEDC Legal Department and, occasionally, discuss with external parties and/or their insurance brokers
Manage firm-wide claims process, working closely with the Legal Department on all claims, perform deductible reserves analysis, manage property claims from start to finish, and update monthly claims/loss ratios
Coordinate all insurance and risk related requests from internal/external stakeholders who play a role in the various insurance functions at NYCEDC
Prepare, present, and manage the annual insurance budget
Train project support teams and others in the review certificates of insurances (COI's)
Coordinate site visits for insurance appraisals and loss mitigation/risk control services, present the resulting recommendations internally and discuss their implementations
Manage external relationships with third party administrators (TPAs), the organization's insurance brokers, insurers, the captive insurance company manager and City, State, and Federal agencies
Review and execute on requests for insurance modifications and waivers
Guide and manage Senior Analyst in all facets of assigned tasks
Build strong cross-functional relationships throughout the organization to support the long-term growth of the function and the team
Other duties as assigned
Qualifications
Bachelor's or equivalent degree required; ARM, CPCU certification preferable
8+ years of relevant commercial insurance and/or risk management experience
Demonstrated experience as a corporate risk manager with direct responsibility for purchasing of coverages in the commercial insurance markets
Knowledge of risk management governance and controls
Experience with construction and lease contracts insurance requirements preferred
Demonstrated ability to adapt to and initiate change within the organization.
Strong communication, facilitation, and consensus building skills
Process design and analysis skills
Demonstrated ability to work effectively in teams with a commitment to professionalism
High ethical standards with a strong understanding of confidentiality requirements
New York City residence is required within 180 days of hire
Salary Range:
$125,000—$130,000 USD
About Us New York City Economic Development Corporation is a mission-driven, nonprofit organization that works for a vibrant, inclusive, and globally competitive economy for all New Yorkers. We take a comprehensive approach, through four main strategies: strengthen confidence in NYC as a great place to do business; grow innovative sectors, with a focus on equity; build neighborhoods as places to live, learn, work, and play; and deliver sustainable infrastructure for communities and the city's future economy.
NYCEDC is committed to offering competitive benefits to support employee health, happiness, and work-life balance. We offer comprehensive benefits and unique perks to ensure NYCEDC employees flourish in their professional and personal lives:
Generous employer subsidized health insurance
Medical, dental, and pharmacy plans
Vision and hearing benefits
Flexible spending accounts for healthcare and dependent care
Short term and long-term disability coverage
100% employer covered life insurance and supplemental life insurance coverage
Up to 25 vacation days
Floating Holidays and Summer Fridays
Parental leave - up to 20 paid weeks
Retirement savings programs
Company-paid 401(a) defined contribution plan
457(b) tax-advantaged retirement savings plan
Tuition Reimbursement program
Continuing education and professional development
Public Service Loan Forgiveness (PSLF) eligible employer
College savings plan
Backup childcare
Gym membership discounts
A Calm.com membership for mindfulness and mental health support
Employee discounts through Plum Benefits and much more
Benefits listed above may vary based on the length and nature of your employment with New York City Economic Development Corporation. These benefits are subject to be modified at any time, at the discretion of the organization.
The New York City Economic Development Corporation is an Equal Opportunity Employer. Our Diversity, Equity, and Social Responsibility Mission is to create a People First strategy by attracting, retaining, and engaging a diverse and talented workforce. Like the city of New York, NYCEDC knows our strength comes from each of our connected parts, making the fabric of our organization better and stronger because of our unique employees' talents.
For more information, visit our website atedc.nyc.
Details
Seniority level
Executive
Employment type
Full-time
Job function
Finance and Sales
Industries
Government Administration
#J-18808-Ljbffr
Our Vision:
To make New York City the global model for inclusive innovation and economic growth, fueled by the City's diverse people and businesses.
Our Mission:
Creating a vibrant, inclusive, and globally competitive economy for all New Yorkers.
Compensation:
Salary Range: $125,000—$130,000 USD
Responsibilities
Advise on all corporate wide insurance matters including reviewing operations, identifying gaps, and recommending new coverages as needed
Manage NYCEDC's internal captive insurance company including the development of processes and policies to be used with the captive, the addition of new coverages, and review of the captive's risks and exposures
Review contracts managed by different departments across the organization along with the NYCEDC Legal Department and, occasionally, discuss with external parties and/or their insurance brokers
Manage firm-wide claims process, working closely with the Legal Department on all claims, perform deductible reserves analysis, manage property claims from start to finish, and update monthly claims/loss ratios
Coordinate all insurance and risk related requests from internal/external stakeholders who play a role in the various insurance functions at NYCEDC
Prepare, present, and manage the annual insurance budget
Train project support teams and others in the review certificates of insurances (COI's)
Coordinate site visits for insurance appraisals and loss mitigation/risk control services, present the resulting recommendations internally and discuss their implementations
Manage external relationships with third party administrators (TPAs), the organization's insurance brokers, insurers, the captive insurance company manager and City, State, and Federal agencies
Review and execute on requests for insurance modifications and waivers
Guide and manage Senior Analyst in all facets of assigned tasks
Build strong cross-functional relationships throughout the organization to support the long-term growth of the function and the team
Other duties as assigned
Qualifications
Bachelor's or equivalent degree required; ARM, CPCU certification preferable
8+ years of relevant commercial insurance and/or risk management experience
Demonstrated experience as a corporate risk manager with direct responsibility for purchasing of coverages in the commercial insurance markets
Knowledge of risk management governance and controls
Experience with construction and lease contracts insurance requirements preferred
Demonstrated ability to adapt to and initiate change within the organization.
Strong communication, facilitation, and consensus building skills
Process design and analysis skills
Demonstrated ability to work effectively in teams with a commitment to professionalism
High ethical standards with a strong understanding of confidentiality requirements
New York City residence is required within 180 days of hire
Salary Range:
$125,000—$130,000 USD
About Us New York City Economic Development Corporation is a mission-driven, nonprofit organization that works for a vibrant, inclusive, and globally competitive economy for all New Yorkers. We take a comprehensive approach, through four main strategies: strengthen confidence in NYC as a great place to do business; grow innovative sectors, with a focus on equity; build neighborhoods as places to live, learn, work, and play; and deliver sustainable infrastructure for communities and the city's future economy.
NYCEDC is committed to offering competitive benefits to support employee health, happiness, and work-life balance. We offer comprehensive benefits and unique perks to ensure NYCEDC employees flourish in their professional and personal lives:
Generous employer subsidized health insurance
Medical, dental, and pharmacy plans
Vision and hearing benefits
Flexible spending accounts for healthcare and dependent care
Short term and long-term disability coverage
100% employer covered life insurance and supplemental life insurance coverage
Up to 25 vacation days
Floating Holidays and Summer Fridays
Parental leave - up to 20 paid weeks
Retirement savings programs
Company-paid 401(a) defined contribution plan
457(b) tax-advantaged retirement savings plan
Tuition Reimbursement program
Continuing education and professional development
Public Service Loan Forgiveness (PSLF) eligible employer
College savings plan
Backup childcare
Gym membership discounts
A Calm.com membership for mindfulness and mental health support
Employee discounts through Plum Benefits and much more
Benefits listed above may vary based on the length and nature of your employment with New York City Economic Development Corporation. These benefits are subject to be modified at any time, at the discretion of the organization.
The New York City Economic Development Corporation is an Equal Opportunity Employer. Our Diversity, Equity, and Social Responsibility Mission is to create a People First strategy by attracting, retaining, and engaging a diverse and talented workforce. Like the city of New York, NYCEDC knows our strength comes from each of our connected parts, making the fabric of our organization better and stronger because of our unique employees' talents.
For more information, visit our website atedc.nyc.
Details
Seniority level
Executive
Employment type
Full-time
Job function
Finance and Sales
Industries
Government Administration
#J-18808-Ljbffr