Pathstone
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Associate Director, Risk Management
role at
Pathstone The Associate Director of Risk Management is responsible for assessing the property and casualty exposures of high-net-worth clients, reviewing current coverage, and designing and implementing coverage changes in conjunction with our client’s broker to mitigate these risks. This role requires extensive interaction with high-net-worth clients, insurance brokers, third-party vendors, and internal team members to ensure optimal coverage and service. The Associate Director is responsible for maintaining a deep understanding of high-net-worth insurance markets and underwriting positions and cultivating relationships with key carrier personnel.
Key Responsibilities
Client Assessment and Program Design: conduct comprehensive risk assessments of high-net-worth clients’ property and casualty exposures; review current insurance program to identify areas of improvement in coverage and/or pricing to better address identified risks; remarket risks with broker assistance as necessary to ensure optimal coverage and terms.
Client Interaction: develop and maintain strong relationships with high-net-worth clients, serve as the client’s primary point of contact, address insurance needs and concerns promptly and effectively; function as a claim liaison, advising clients on potential impact to coverage and rates should a claim be filed, and advocate for the best possible claims outcome; produce new client and renewal reports highlighting program recommendations; attend annual client meetings to address or identify changes in exposure; provide expert guidance and serve as a resource for clients on various insurance and risk management matters as they arise.
Collaboration with Brokers and Carriers: maintain productive relationships and collaborate with insurance brokers to negotiate and secure the best possible terms and coverage for clients; cultivate productive relationships with key carrier personnel; work closely with brokers and carriers to understand product offerings to ensure they align with client needs; manage key broker relationships, including non-risk management client referrals, ensuring quality service is provided; coordinate educational meetings with brokers on a quarterly basis.
Team and Department: assist Director with mentoring and developing team members, foster a culture of continuous improvement and professional growth; foster an environment where colleagues are treated as clients with respect and professional communication; lead risk management team meetings once per month.
Qualifications/Experience
Extensive knowledge of the personal insurance space, specifically related to high-net-worth clients.
In-depth understanding of high-net-worth insurance carriers and their underwriting positions.
Proven experience in assessing property and casualty exposures and designing appropriate insurance programs.
Strong interpersonal skills with the ability to build and maintain relationships with high-net-worth clients, brokers, carriers, and internal colleagues.
Excellent communication, presentation, and negotiation skills.
A commitment to providing exceptional client service and enhancing the client experience.
Experience with agency management software.
Commercial insurance experience is a plus.
Preferred Qualifications
Bachelor’s degree in risk management, business, or finance, or equivalent experience.
Advanced degree or an equivalent designation (e.g., CPCU, ARM, etc.).
Minimum of ten years’ experience working within a high-net-worth insurance brokerage or carrier.
Pay Transparency Pathstone’s expected starting base compensation range for the position as of the time of this posting is
$100,000 - $130,000
per year. The actual base compensation selected for this role will be set based on a variety of factors, including experience, education, specialty and training. The successful candidate(s) may also be eligible for a discretionary bonus award.
Please note, we are unable to provide visa sponsorship for the position offered. Accordingly, we are unable to hire individuals who require, or will require, employment visa sponsorship either now or in the future.
Equal Opportunity Pathstone is proud to be an equal opportunity employer.
Seniority level
Director
Employment type
Full-time
Job function
Finance and Sales
Referrals increase your chances of interviewing at Pathstone by 2x
Location New York, NY
Recent postings
New York, NY $123,000.00-$215,250.00 — 1 week ago
New York, NY $180,000.00-$200,000.00 — 2 weeks ago
New York, NY $180,000.00-$220,000.00 — 1 week ago
We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
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Associate Director, Risk Management
role at
Pathstone The Associate Director of Risk Management is responsible for assessing the property and casualty exposures of high-net-worth clients, reviewing current coverage, and designing and implementing coverage changes in conjunction with our client’s broker to mitigate these risks. This role requires extensive interaction with high-net-worth clients, insurance brokers, third-party vendors, and internal team members to ensure optimal coverage and service. The Associate Director is responsible for maintaining a deep understanding of high-net-worth insurance markets and underwriting positions and cultivating relationships with key carrier personnel.
Key Responsibilities
Client Assessment and Program Design: conduct comprehensive risk assessments of high-net-worth clients’ property and casualty exposures; review current insurance program to identify areas of improvement in coverage and/or pricing to better address identified risks; remarket risks with broker assistance as necessary to ensure optimal coverage and terms.
Client Interaction: develop and maintain strong relationships with high-net-worth clients, serve as the client’s primary point of contact, address insurance needs and concerns promptly and effectively; function as a claim liaison, advising clients on potential impact to coverage and rates should a claim be filed, and advocate for the best possible claims outcome; produce new client and renewal reports highlighting program recommendations; attend annual client meetings to address or identify changes in exposure; provide expert guidance and serve as a resource for clients on various insurance and risk management matters as they arise.
Collaboration with Brokers and Carriers: maintain productive relationships and collaborate with insurance brokers to negotiate and secure the best possible terms and coverage for clients; cultivate productive relationships with key carrier personnel; work closely with brokers and carriers to understand product offerings to ensure they align with client needs; manage key broker relationships, including non-risk management client referrals, ensuring quality service is provided; coordinate educational meetings with brokers on a quarterly basis.
Team and Department: assist Director with mentoring and developing team members, foster a culture of continuous improvement and professional growth; foster an environment where colleagues are treated as clients with respect and professional communication; lead risk management team meetings once per month.
Qualifications/Experience
Extensive knowledge of the personal insurance space, specifically related to high-net-worth clients.
In-depth understanding of high-net-worth insurance carriers and their underwriting positions.
Proven experience in assessing property and casualty exposures and designing appropriate insurance programs.
Strong interpersonal skills with the ability to build and maintain relationships with high-net-worth clients, brokers, carriers, and internal colleagues.
Excellent communication, presentation, and negotiation skills.
A commitment to providing exceptional client service and enhancing the client experience.
Experience with agency management software.
Commercial insurance experience is a plus.
Preferred Qualifications
Bachelor’s degree in risk management, business, or finance, or equivalent experience.
Advanced degree or an equivalent designation (e.g., CPCU, ARM, etc.).
Minimum of ten years’ experience working within a high-net-worth insurance brokerage or carrier.
Pay Transparency Pathstone’s expected starting base compensation range for the position as of the time of this posting is
$100,000 - $130,000
per year. The actual base compensation selected for this role will be set based on a variety of factors, including experience, education, specialty and training. The successful candidate(s) may also be eligible for a discretionary bonus award.
Please note, we are unable to provide visa sponsorship for the position offered. Accordingly, we are unable to hire individuals who require, or will require, employment visa sponsorship either now or in the future.
Equal Opportunity Pathstone is proud to be an equal opportunity employer.
Seniority level
Director
Employment type
Full-time
Job function
Finance and Sales
Referrals increase your chances of interviewing at Pathstone by 2x
Location New York, NY
Recent postings
New York, NY $123,000.00-$215,250.00 — 1 week ago
New York, NY $180,000.00-$200,000.00 — 2 weeks ago
New York, NY $180,000.00-$220,000.00 — 1 week ago
We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr