Insurance and Risk Management Director jobs in Hackensack, NJ

Insurance and Risk Management Director directs the development and optimization of an organization's overall insurance program to manage and minimize risk and costs. Defines strategic objectives and policies to ensure effective insurance coverage for the organization and to develop risk financing budgeting. Being an Insurance and Risk Management Director implements processes that identify risk exposure and classify, measure, and manage insurable risks. Develops the appropriate mix of insurance coverage for the organization and negotiate policy pricing and terms with vendors. Additionally, Insurance and Risk Management Director requires a bachelor's degree. Typically reports to senior management. The Insurance and Risk Management Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. To be an Insurance and Risk Management Director typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. (Copyright 2024 Salary.com)

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Risk Management - Credit Risk Underwriting - Vice President
  • JPMC Candidate Experience page
  • Saddle Brook, NJ FULL_TIME
  • s part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emerging risks, and using your expert judgement to solve real-world challenges that impact our company, customers and communities.  Our culture in Risk Management and Compliance is all about thinking outside the box, challenging the status quo and striving to be best-in-class.

    This risk management position supports Middle Market Banking Group which covers companies generally between $20 million and $500 million in revenues across a wide variety of industries.  As a Vice President in MMBSI Credit Risk, you will partner with a cross functional team delivering credit solutions that support a range of needs from working capital and general corporate purposes to acquisition finance and dividend recapitalizations. Additionally, you will work with family owned businesses, financial sponsors and some publicly traded companies. Credit executions range from bilateral structures to the syndicated finance bank market and institutional investor transactions. Critical to this role is the ability to develop a broad and deep understanding of the business, financial and industry risks faced by clients in the assigned portfolio and utilize that view to properly risk grade borrowers, analyze credit requests, structure credit facilities and negotiate credit agreements and other loan documentation.

    Job Responsibilities

    • Recommend and approve appropriate credit structures relative to risk assessment and policy considerations
    • Utilize advanced credit skills to author concise, thoughtful analysis of relationships using appropriate structure and identifying key risks
    • Work proactively with internal and external contacts to ensure transactions move forward efficiently
    • Lead complex transactions including syndications, financial sponsor transactions and multi-level capital structures
    • Evaluate smaller relationships to evaluate risk profile and recommend simple structures that adequately protect the bank
    • Develop and articulate a dynamic, forward-looking risk assessment of client companies, transactions, market threats, and industry and other factors
    • Lead and/or participate in client due diligence and transaction negotiations
    • Attend client, bank, and other meetings to develop a thorough understanding of client companies, management teams, and industry sectors
    • Use financial models to develop a forward-looking credit risk assessment based on key value drivers and sensitized assumptions
    • Manage all steps of the Credit Approval Process including preparing credit approval materials, ensuring all credit risk policies are followed, and present and recommend credits for approval at the appropriate level
    • Analyze and negotiate financing terms and conditions as part of a deal team
    • Review and negotiate legal documentation and coordinate with counsel to ensure terms are appropriate and consistent with credit approval
    • Portfolio Management including providing a well-researched and thoughtful risk assessment of each assigned client on an ongoing basis
    • Provide early identification and proactive management of deteriorating credits and other problem situations
    • Analyze, prepare, and present for approval all required waivers, amendments, and extension 

     

    Required Qualifications, Skills and Capabilities

    • BA/BBA/MBA and completion of a major corporate or commercial bank credit training program (or the equivalent corporate banking/corporate finance experience) and typically a minimum of 6-10 years of experience in commercial banking/lending which might include credit, structuring and marketing experience 
    • Accounting and finance knowledge and commercial banking experience 
    • Demonstrated excellent verbal and written skills, interpersonal skills, and analytical and problem-solving skills

     

    About Us

    Across JPMorgan Chase, we serve millions of customers and many of the world’s most prominent corporate and government clients. Our mission is to build a stronger, more equitable economy, and we strive to make a positive impact everyday with our customers in their communities. We are proud of our reputation as one of the world’s most admired companies and we know that it’s our people who make us successful. We are committed to a diverse and inclusive workplace where our employees are welcomed, valued and able to bring their authentic selves and best work forward.

  • 15 Days Ago

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Risk Management - Credit Risk Underwriting - Vice President
  • JPMorgan Chase
  • Saddle Brook, NJ FULL_TIME
  • s part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. You help the firm grow its business in a responsible way by anticipating new and emergin...
  • 17 Days Ago

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Loss Control and Risk Management Specialist
  • Berkley
  • Rutherford, NJ OTHER
  • Company Details Berkley Luxury Group has been a mainstay in the commercial real estate and hospitality business since 1986. We specialize in luxury condominiums, cooperatives, and apartments in the ha...
  • 1 Month Ago

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Head of IT Ops Risk Management
  • Cross River
  • Fort Lee, NJ FULL_TIME
  • Who We Are Cross River is a highly profitable, fast-growing financial technology company powering the future of financial services. Our comprehensive suite of innovative and scalable embedded payments...
  • 1 Month Ago

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Model Validation & Model Risk Governance Director
  • Cross River
  • Fort Lee, NJ FULL_TIME
  • Who We Are Cross River is a highly profitable fast-growing financial technology company recognized for the third year in a row by CB Insights as one of the 250 best global fintechs. Our comprehensive ...
  • 2 Days Ago

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Regulatory Compliance Analyst
  • Samsung Fire & Marine Insurance Management Corporation
  • Ridgefield, NJ FULL_TIME
  • POSITION DESCRIPTION: Samsung Fire & Marine Management Corp. (“SFMMC”) is the management company for Samsung Fire & Marine Insurance Co., Ltd., a multinational commercial property & casualty insurance...
  • 1 Month Ago

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0 Insurance and Risk Management Director jobs found in Hackensack, NJ area

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Director, Market Risk Management
  • BlackRock
  • New York, NY
  • **About this role** **Title: Fixed Income** **Credit Risk Manager, Director** **Job Description** **Business Overview** ...
  • 3/29/2024 12:00:00 AM

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Operational Risk Management Director -- Issues Management
  • MUFG (DBA)
  • New York, NY
  • Do you want your voice heard and your actions to count? Discover your opportunity with Mitsubishi UFJ Financial Group (M...
  • 3/29/2024 12:00:00 AM

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VICE PRESIDENT (OBH) - CLAIMS, LITIGATION and RISK MANAGEMENT
  • The Brookdale Hospital Medical Center
  • Brooklyn, NY
  • Overview: Responsible for the administration of Risk and Claims Management. Serves as legal counsel within the hospital ...
  • 3/29/2024 12:00:00 AM

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Financial Due Diligence Lead - Director
  • Cognizant Technology Solutions
  • Teaneck, NJ
  • Description Financial Due Diligence Lead - Director Cognizant Overview Cognizant Technology Solutions (NASDAQ: CTSH) is ...
  • 3/28/2024 12:00:00 AM

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Director, International Risk Management
  • Capital One
  • Newark, NJ
  • West Creek 4 (12074), United States of America, Richmond, Virginia Director, International Risk Management Capital One i...
  • 3/26/2024 12:00:00 AM

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Senior Technical Director - Water Quality and Compliance
  • Veolia
  • Paramus, NJ
  • Job Details Company Description About Veolia North America A subsidiary of Veolia Group, Veolia North America (VNA) offe...
  • 3/26/2024 12:00:00 AM

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Risk Management Associate
  • CIFC Asset Management
  • New York, NY
  • Firm Overview: CIFC Asset Management LLC (together with its affiliates, “CIFC”) is a corporate and structured credit inv...
  • 3/25/2024 12:00:00 AM

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Director, International Risk Management
  • Capital One
  • New York, NY
  • West Creek 4 (12074), United States of America, Richmond, Virginia Director, International Risk Management Capital One i...
  • 3/25/2024 12:00:00 AM

Hackensack is a city in Bergen County in New Jersey, United States, and serves as its county seat.[21] The area was officially named New Barbadoes Township until 1921, but it was informally known as Hackensack since at least the 18th century.[22] As of the 2010 United States Census, the city's population was 43,010, reflecting an increase of 333 (+0.8%) from the 42,677 counted in the 2000 Census, which had, in turn, increased by 5,628 (+15.2%) from the 37,049 counted in the 1990 Census.[23] An inner suburb of New York City, Hackensack is located approximately 12 miles (19 km) northwest of Midt...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Insurance and Risk Management Director jobs
$195,490 to $276,767
Hackensack, New Jersey area prices
were up 1.5% from a year ago

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