BNY
5 days ago Be among the first 25 applicants
This range is provided by BNY. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range $58.00/hr - $72.50/hr
Description At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets.
We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.
Job Summary: As an
OCIP Administrator
you will play a key role in managing and supporting a large‑scale
Owners Controlled Insurance Program (OCIP)
for BNY’s upcoming construction project at 240 Greenwich Street in New York City. Currently in the pre‑planning phase with construction scheduled to begin in 2026, this role will support the Insurance and Risk Management team in the oversight, coordination, and administration of insurance programs related to construction, property, and corporate risk.
The ideal candidate brings deep knowledge of OCIP operations, strong collaboration skills, and the ability to liaise with brokers, contractors, and internal stakeholders to ensure effective insurance management throughout all project stages.
Key Responsibilities:
OCIP Program Administration:
Oversee the development, placement, and ongoing management of the Owners Controlled Insurance Program (OCIP) for the 240 Greenwich construction project, including general liability, builders risk, and related coverage.
Insurance Program Management:
Support the renewal, evaluation, and administration of corporate insurance programs including Property & Casualty, Workers Compensation, and Construction Insurance for BNY’s entities and subsidiaries.
Stakeholder Collaboration:
Partner closely with brokers, safety managers, and construction teams to review and approve claims, settlements, and payments, while coordinating with internal departments to ensure timely processing.
Compliance & Documentation:
Review vendor and supplier contracts, RFPs, and certificates of insurance for compliance with risk and insurance requirements.
Reporting & Governance:
Maintain insurance schedules, track claims, verify binders and policies for accuracy, and coordinate with Finance and Accounts Payable to ensure proper payment and recordkeeping.
Risk Advisory Support:
Assist with corporate insurance renewals and provide guidance on insurance clauses in contracts, leases, and project agreements.
Continuous Improvement:
Identify opportunities to streamline OCIP processes, enhance documentation practices, and strengthen collaboration between construction, legal, and risk functions.
Qualifications:
5-7 years of professional experience in the Property & Casualty insurance industry
Background working with Real Estate, Construction, or Safety teams on OCIP insurance programs
Proven experience managing or administering OCIP or large-scale construction insurance programs
Strong understanding of construction-related coverage (Builders Risk, Owners Interest Liability, Workers Compensation, etc.)
Experience preparing underwriting submission materials and facilitating policy renewals
Excellent communication, organizational, and problem-solving skills
Ability to manage multiple priorities in a fast-paced, deadline-driven environment
Experience reviewing construction contracts and insurance requirements
Familiarity with large corporate or institutional construction projects
Preferred Experience:
8+ years as an OCIP Admin handling multi-million dollar projects
Why Join Us: Join BNY’s Risk & Insurance team at a pivotal moment as we prepare for one of our largest capital projects to date—a full‑scale renovation of the firm’s flagship 240 Greenwich Street location. You’ll have the opportunity to apply your construction insurance expertise on a high‑visibility, multi‑million dollar project while collaborating with industry‑leading partners and internal teams. This role offers a front-row seat to the intersection of corporate risk management and large-scale construction, with the chance to influence best practices and shape the success of a transformative initiative.
Our Awards:
America’s Most Innovative Companies, Fortune 2024
World’s Most Admired Companies, Fortune 2024
Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
Best Places to Work for Disability Inclusion, Disability: IN – 100% score, 2023-2024
“Most Just Companies”, Just Capital and CNBC, 2024
Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
Bloomberg’s Gender Equality Index (GEI), 2023
Pay Rate Range Min Pay Rate: $58
Max Pay Rate: $72.50
Currency: USD
Unit: hourly
Additional Notes Applications will be accepted on an ongoing basis.
This posting is for a contract assignment with Tundra Technical Solutions to provide services to Bank of New York (BNY). Please note that this is not a full-time employment opportunity. Candidates selected for this role will be engaged as contractors for the specified duration of the project. For any inquiries regarding the terms of the contract or engagement, please contact Tundra Technical Solutions directly.
Benefits Information Optional benefits offering include medical, dental, vision and retirement benefits via Tundra Technical Solutions.
Seniority level
Mid-Senior level
Employment type
Contract
Job function
Administrative
Referrals increase your chances of interviewing at BNY by 2x
Get notified about new Construction Management Specialist jobs in New York, NY.
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This range is provided by BNY. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range $58.00/hr - $72.50/hr
Description At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets.
We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.
Job Summary: As an
OCIP Administrator
you will play a key role in managing and supporting a large‑scale
Owners Controlled Insurance Program (OCIP)
for BNY’s upcoming construction project at 240 Greenwich Street in New York City. Currently in the pre‑planning phase with construction scheduled to begin in 2026, this role will support the Insurance and Risk Management team in the oversight, coordination, and administration of insurance programs related to construction, property, and corporate risk.
The ideal candidate brings deep knowledge of OCIP operations, strong collaboration skills, and the ability to liaise with brokers, contractors, and internal stakeholders to ensure effective insurance management throughout all project stages.
Key Responsibilities:
OCIP Program Administration:
Oversee the development, placement, and ongoing management of the Owners Controlled Insurance Program (OCIP) for the 240 Greenwich construction project, including general liability, builders risk, and related coverage.
Insurance Program Management:
Support the renewal, evaluation, and administration of corporate insurance programs including Property & Casualty, Workers Compensation, and Construction Insurance for BNY’s entities and subsidiaries.
Stakeholder Collaboration:
Partner closely with brokers, safety managers, and construction teams to review and approve claims, settlements, and payments, while coordinating with internal departments to ensure timely processing.
Compliance & Documentation:
Review vendor and supplier contracts, RFPs, and certificates of insurance for compliance with risk and insurance requirements.
Reporting & Governance:
Maintain insurance schedules, track claims, verify binders and policies for accuracy, and coordinate with Finance and Accounts Payable to ensure proper payment and recordkeeping.
Risk Advisory Support:
Assist with corporate insurance renewals and provide guidance on insurance clauses in contracts, leases, and project agreements.
Continuous Improvement:
Identify opportunities to streamline OCIP processes, enhance documentation practices, and strengthen collaboration between construction, legal, and risk functions.
Qualifications:
5-7 years of professional experience in the Property & Casualty insurance industry
Background working with Real Estate, Construction, or Safety teams on OCIP insurance programs
Proven experience managing or administering OCIP or large-scale construction insurance programs
Strong understanding of construction-related coverage (Builders Risk, Owners Interest Liability, Workers Compensation, etc.)
Experience preparing underwriting submission materials and facilitating policy renewals
Excellent communication, organizational, and problem-solving skills
Ability to manage multiple priorities in a fast-paced, deadline-driven environment
Experience reviewing construction contracts and insurance requirements
Familiarity with large corporate or institutional construction projects
Preferred Experience:
8+ years as an OCIP Admin handling multi-million dollar projects
Why Join Us: Join BNY’s Risk & Insurance team at a pivotal moment as we prepare for one of our largest capital projects to date—a full‑scale renovation of the firm’s flagship 240 Greenwich Street location. You’ll have the opportunity to apply your construction insurance expertise on a high‑visibility, multi‑million dollar project while collaborating with industry‑leading partners and internal teams. This role offers a front-row seat to the intersection of corporate risk management and large-scale construction, with the chance to influence best practices and shape the success of a transformative initiative.
Our Awards:
America’s Most Innovative Companies, Fortune 2024
World’s Most Admired Companies, Fortune 2024
Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
Best Places to Work for Disability Inclusion, Disability: IN – 100% score, 2023-2024
“Most Just Companies”, Just Capital and CNBC, 2024
Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
Bloomberg’s Gender Equality Index (GEI), 2023
Pay Rate Range Min Pay Rate: $58
Max Pay Rate: $72.50
Currency: USD
Unit: hourly
Additional Notes Applications will be accepted on an ongoing basis.
This posting is for a contract assignment with Tundra Technical Solutions to provide services to Bank of New York (BNY). Please note that this is not a full-time employment opportunity. Candidates selected for this role will be engaged as contractors for the specified duration of the project. For any inquiries regarding the terms of the contract or engagement, please contact Tundra Technical Solutions directly.
Benefits Information Optional benefits offering include medical, dental, vision and retirement benefits via Tundra Technical Solutions.
Seniority level
Mid-Senior level
Employment type
Contract
Job function
Administrative
Referrals increase your chances of interviewing at BNY by 2x
Get notified about new Construction Management Specialist jobs in New York, NY.
#J-18808-Ljbffr