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Corporate Insurance Services - Associate

Req #: 170113320
Location: New York, NY, US
Job Category: Accounting/Finance/Audit/Risk
Job Description:

Corporate Insurance Services (CIS) is part of Global Finance and Business Management. The Department is responsible for negotiating, structuring and administering worldwide insurance programs for JPMorgan Chase & Co. (JPMC) businesses and operations for the purpose of providing a level of protection against significant accidental losses, and compliance with regulatory and third party obligations. 

 

This role is responsible for supporting the renewal, claims and loss control processes related to the Casualty and Global Property Insurance Programs managed by Corporate Insurance Services – and overall, will be a member of a team whose focus is to evaluate, secure and manage insurance programs for the firm.

 
Responsibilities Include:
  • Prepare various insurance renewal submissions which includes obtaining underwriting data throughout the organization, risk modeling, attending meetings with insurance brokers and underwriters.  
  • Manage post binding responsibilities such as reviewing binders and insurance policies for accuracy and breadth of coverage relative to reported exposures.
  • Develop and negotiate policy language to address risk and exposures raised by Lines of Business.
  • Work closely with various business units and serve as corporate insurance representative relative to Line of Business issues and questions.
  • Provide input on insurance matters that arise related to lease renewal changes, divestiture of properties, insurance budgeting
  • Maintain database supporting risk and insurance activities such as exposure information and insurance policy management.
  • Provide consultation to various lines of business regarding risk issues, including appropriate amount and extent of insurance coverage required.
  • Prepare written summaries and schedules relating to the placement of insurance for review by management.
  • Manage insurance reporting as required under various insurance programs.
  • Review of insurance and indemnification agreements and other requirements in various contracts.
  • Analysis of loss information to proactively identify trends, recommend corrective measures and to control, reduce or eliminate future losses.
  • Support the claims management process for property claims, including coordination with the lines of business, collection of loss data and claim tracking.
  • Act as a liaison between facilities managers, insurance broker and insurer to coordinate responses to insurers' loss control recommendations.
  • Initiate NFIP placement for properties as needed

  • Bachelor's degree preferably with a concentration in business, risk management or insurance.
  • 3 to 5 years experience in an insurance brokerage firm, insurance company or insurance risk management department.
  • General knowledge and experience related to property insurance.
  • Self starter who can work independently and within a team environment.
  • Strong oral and written communication skills.
  • Ability to analyze financial information.
  • CPCU or ARM certifications a plus.
  • Proficient in Excel, Word and Powerpoint.
  • Risk Management Information System knowledge preferred. 

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