Log In
Sign Up
The Risk Analyst will manage the financial documentation for the risk management function, including tracking insurance premiums, carrier / broker ratings and relationships and all related expenses / cost allocations for division expense budgets, invoices, etc. Will manages policy documentation processes and procedures as well as external and internal loss (claim) information systems.
Primary Duties and Responsibilities:
- Serve as the primary service contact for all financial related inquiries, including but not limited to invoices, budgets, allocations for all lines of coverage.
- Responsible for developing a strong working relationship with building management, insurance carriers, brokers, adjusters, and Risk Management team members.
- Process and code all departmental invoices for management approval by confirming the accuracy of all invoices and maintaining updated database of invoices.
- Serve as the primary service contact for all Certificate of Insurance requests, including but not limited to requests from building managers, vendors, lenders, contractors and other third parties to ensure accuracy and timeliness of requests.
- Develop a strong working relationship with building management, insurance carriers, brokers, adjusters, and Risk Management team members.
- Ensure insurance premium payments are paid in a timely manner.
- Support the Sr. Director, Risk Management by responding to general inquiries/requests, maintaining documentation of communications, issues, and issue resolutions.
- Assist the Head of Risk Management with the maintenance of financial records/trackers.
- Maintain and review all insurance policies, endorsements, binders, coverage digests, broker fee agreements and department schedule of insurance to ensure that the policies are correct and complete as bound.
- Coordinate all premium audits.
- Assist the Sr. Director, Risk Management with monitoring and management of Workers’ Compensation, Property and General Liability claims.
- Monitor worker’s compensation and property loss data by preparing monthly and quarterly loss analysis reports, including obtaining loss run data from insurances carriers and brokers.
- Analyze (reconcile) workers’ compensation deductible billing invoices.
- Assist the Head of Risk Management with insurance renewals by gathering relevant underwriting data including, but not limited to, payroll data by classification, vehicle information/documentation, property values, etc.
- Assist with annual and ad hoc requests for Certificates of Insurance, including but not limited to requests from building managers, vendors, lenders, contractors and other third parties to ensure accuracy and timeliness of requests.
- Participate in property risk engineering inspections.
- Report carrier premium volume and carrier financial ratings
- Perform Ways & Means analysis (Marshall & Swift) cost valuations in support of related property coverage programs.
- Other related duties as assigned.
Job Qualifications:
- Strong written and verbal communication and interpersonal skills.
- Work effectively and establish priorities with minimal supervision.
- Effective time/project management skills to meet tight deadlines.
- Proficient in MS Office software.
- Reliable and thorough with a deep commitment to accuracy.
- Strong work ethic with individual problem-solving capabilities and analytical skills.
- Ability to create and implement structure and process to help automate tasks wherever feasible.
- Must be highly driven to learn and grow within the department and organization.
- Become a notary public.
Education/Experience Required:
- College degree or equivalent related experience.
- Related knowledge and experience in the areas of Finance/Accounting, Risk Management or Compliance is a plus.
Source: Vornado Realty Trust Career Page
