Insurance and Risk Management Director jobs in West Orange, 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)

N
Director, Risk Management & Insurance
  • NJ Transit
  • Newark, NJ FULL_TIME
  • Move forward with us! At NJ TRANSIT, you'll join us in transforming the third-largest transportation agency in North America. We are committed to delivering safe, reliable service that gets customers to their destinations on time and we're looking to hire talented folks with a love of learning to make it all possible.

    Summary

    This position assists with the evaluation of risk, development of risk control strategies, review and negotiation of indemnification and insurance issues for all projects, and the annual corporate insurance renewal. Risk Management is involved with each and every project in the Capital Plan and outside of the Capital Plan. The primary mission of Risk Management is to protect the assets of NJ TRANSIT.

    Roles and Responsibilities :

    • Performs risk assessment to identify loss exposures and business risks associated with these exposures in terms of both expected frequency and severity.
    • Develops risk control strategy to minimize loss exposures with assistance from NJ TRANSIT's Bus, Rail and Light Rail Safety Department.
    • Evaluates risk transfer options, including purchasing of commercial insurance, utilization of NJ TRANSIT's captive insurance company and execution of third-party indemnification agreements.
    • Procures commercial insurance for the corporation, prepares submission information, attends meetings with underwriters, evaluates coverage options, negotiates terms and conditions of policies through insurance broker.
    • Assists in management of NJ TRANSIT's captive insurance company through serving on its Board of Directors.
    • Recommends methods to increase capitalization of captive insurance company and viable opportunities to enter into risk transfer agreements with NJ TRANSIT.
    • Develops, procures and monitors wrap-up insurance programs for NJ TRANSIT's construction projects.
    • Prepares submission information, attends meetings with underwriters, negotiates coverage terms and conditions, monitors claims administration and safety services throughout program and acts as liaison between the project manager and the insurance carriers.
    • Analyzes high value claims arising out of wrap-up insurance programs, and advises insurance carriers on course of action, reserves, strategies, liability and litigation deadlines.
    • Prepares Board Items to NJ TRANSIT's Board of Directors, recommending purchase of commercial insurance, creation of wrap-up insurance programs and ability to contract with insurance brokers for risk management services.
    • Reviews and negotiates contracts regarding insurance and indemnifications issues between third-parties, including other railroads, commercial tenants, municipalities and other transportation agencies.
    • Reviews insurance and indemnification clauses in bid documents to ensure NJ TRANSIT's assets are properly protected when contracting with third-parties.
    • Develops and implements reporting procedures for excess insurance carriers.
    • Directs collection recoveries against third-parties resulting from damage to NJ TRANSIT property.
    • Directs the Risk Management Information System (RIMS) and annual audit process to provide accurate and on-time claim and safety reports for all user departments.

    Education, Experience, and Qualifications:

    • Bachelors Degree in Liberal Arts, Business Administration or related area or equivalent
    • Seven (7) or more years of applied experience in Risk Management/Claims.

    Knowledge and Skills:

    • The ability to analyze, interpret and create contracts, review and evaluate insurance coverage and exclusions is required.
    • Strong oral presentation and written skills, proficiency in Microsoft Word, Excel, and Power Point and CS STARS or equivalent risk management system is required.
    • Jurist Doctorate may be substituted for three (3) years of applied experience.

    At NJ TRANSIT you will enjoy a competitive salary and excellent benefit package :

    • Comprehensive Family Health Insurance - Medical, Prescription, Dental, Vision
    • Flexible Spending Account
    • Life Insurance
    • Paid Leave
    • 401(a), 401(b), 401(k) Retirement Plans - up to 9% employer contribution
    • Tuition Assistance
    • Commuter Benefits

    At NJ TRANSIT we support and depend upon the diversity of our staff. NJ TRANSIT is an Equal Opportunity Employer.


    About the Company:
    NJ Transit


    NJ TRANSIT is New Jersey's public transportation corporation, and the nation's third largest transit system. Our mission is to provide quality public transportation by serving our customers one trip at a time. As a vital link to the prosperity of the New Jersey – New York – Philadelphia region, we serve more than 200 million customer trips a year, bringing people to and from work, school and recreational activities in the tristate.

    Our team of almost 11,000 employees across a wide range of trades, professions and crafts, prides themselves on serving the transportation needs of New Jerseyans every day. From our operations staff and frontline personnel, to the numerous back-office departments that keep the wheels turning, the people of NJ TRANSIT are what make the company a great place to build a career. NJ TRANSIT offers opportunities for growth and exceptional benefit packages in addition to rewarding and stable career paths. Find out for yourself why we say that NJ TRANSIT has more routes to success!

    Company Size:
    10,000 employees or more


    Industry:
    Travel, Transportation and Tourism


    Founded:
    1979


    Website:
    http://njtransit.com


  • 1 Month Ago

H
Director Risk Management
  • honeywell2-pilot
  • Morris, NJ FULL_TIME
  • Honeywell International Inc is seeking a Director, Risk Management to join our team of qualified, diverse individuals. This position will be located in Morris Plains, New Jersey. This full-time positi...
  • 1 Month Ago

I
Third Party Risk Management Senior Analyst
  • Insurance Services Office, Inc.
  • Jersey, NJ FULL_TIME
  • Company DescriptionWe help the world see new possibilities and inspire change for better tomorrows. Our analytic solutions bridge content, data, and analytics to help business, people, and society bec...
  • 3 Days Ago

J
Compliance Risk Management Director - Executive Director
  • JPMC Candidate Experience page
  • Jersey, NJ FULL_TIME
  • As 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 emergi...
  • 17 Days Ago

J
Compliance Risk Management Director - Executive Director
  • JPMorgan Chase
  • Jersey, NJ FULL_TIME
  • As 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 emergi...
  • 19 Days Ago

J
Compliance - Technology Operational Risk Management Director - Executive Director
  • JPMC Candidate Experience page
  • Jersey, NJ FULL_TIME
  • As part of Operational Risk Management and Compliance, you are at the center of keeping JPMorgan Chase secure and resilient. You help the firm grow its business in a responsible way by anticipating ne...
  • 15 Days Ago

Filters

Clear All

  • Filter Jobs by companies
  • More

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

B
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

M
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

T
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

C
Director, Ethics Risk & Compliance Advisor - Corporate Functions
  • Careerbuilder
  • East Hanover, NJ
  • Director, Ethics Risk & Compliance Advisor - Corporate Functions Job ID 392558BR Mar 07, 2024 USA About the Role Bringin...
  • 3/28/2024 12:00:00 AM

T
Assistant Nurse Manager, Perioperative
  • The Brookdale Hospital Medical Center
  • Brooklyn, NY
  • Overview: Assists the Nurse Manager or Director in the delivery of Nursing Care. Responsibilities: Plans, coordinates an...
  • 3/27/2024 12:00:00 AM

C
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

C
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

C
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

West Orange is a suburban[22][23] township in central Essex County, New Jersey, United States. As of the 2010 United States Census, the township's population was 46,207, reflecting an increase of 1,264 (+2.8%) from the 44,943 counted in the 2000 Census, which had in turn increased by 5,840 (+14.9%) from the 39,103 counted in the 1990 Census.[24] According to the United States Census Bureau, the township had a total area of 12.171 square miles (31.522 km2), including 12.046 square miles (31.198 km2) of land and 0.125 square miles (0.324 km2) of water (1.03%). It is located approximately 5 miles...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Insurance and Risk Management Director jobs
$192,096 to $271,962
West Orange, New Jersey area prices
were up 1.6% from a year ago

Insurance and Risk Management Director in Elyria, OH
The Insurance and Risk Management major at the University of Central Arkansas is one of the fastest growing programs in the country.
December 18, 2019
Insurance and Risk Management Director in Madison, WI
A Bachelor of Business Administration in Insurance and Risk Management at UCO’s College of Business merges specialization in finance, insurance and mathematics.
December 03, 2019
Insurance and Risk Management Director in Lima, OH
Risk management and insurance students will gain an understanding of the principles and mechanics of insurance, financial planning, employee benefits and risk management.
January 11, 2020