What are the responsibilities and job description for the Analyst, Insurance and Risk Management position at nycedc?
Our Vision: To make New York City the global model for inclusive innovation and economic growth, fueled by the City’s diverse people and businesses.
Our Mission: Creating a vibrant, inclusive, and globally competitive economy for all New Yorkers.
Position Overview: NYCEDC is seeking an Analyst, Insurance & Risk Management, to support the Vice President in identifying, analyzing, and mitigating risk across NYCEDC’s operations, assets, programs, and projects. This role will work closely with the VP, to assist NYCEDC Project Managers, Asset Management, Legal, Accounting, and external insurance partners in supporting insurance renewals, claims administration, contract reviews, risk documentation, and day-to-day operational needs. The ideal candidate is highly detail-oriented, analytical, collaborative, and comfortable supporting multiple priorities in a dynamic environment.
Essential Duties and Responsibilities:
- Coordinate with NYCEDC’s Asset Management team and Project Managers to gather property, occupancy, construction, protection, exposure, address, and total insured value information
- Maintain schedules of values and related insurance budget and allocation information by asset
- Prepare, update, and review insurance renewal submissions for all lines of business and new policy placements prior to VP review
- Review insurance quotes, binders, policies, and endorsements for accuracy and completeness
- Collect, review, and submit documentation to support property-related loss claims that exceed the deductible
- Coordinate risk engineering and loss prevention site visits with internal stakeholders and external partners
- Support administrative requirements related to NYCEDC’s captive insurer, City Lights Insurance Company
- Process payment requests, signoffs, and supporting documentation related to insurance renewals, policy changes, and captive insurer activities
- Attend industry conferences, seminars, and events, as recommended and as work responsibilities permit
- Work directly with insurance brokers to request certificates of insurance, auto ID cards, and other insurance documentation needed to support NYCEDC operations
- Other duties as assigned
Qualifications:
- Bachelor’s degree or equivalent experience required; coursework or concentration in Risk Management, Insurance, Finance, Business, or a related field preferred
- At least 2 years of relevant experience in commercial insurance, brokerage, risk management, claims, real estate, construction, or a related field preferred
- Demonstrated accuracy and thoroughness in analytical work, document review and problem resolution
- Demonstrated verbal and written communication skills, with experience collaborating with internal and external stakeholders
- Ability to manage multiple priorities, meet deadlines, and collaborate effectively in a cross-departmental, team-oriented environment
- Proficiency with Microsoft Office required, with intermediate-to-advanced Excel and PowerPoint skills preferred
- Ability to learn and use systems, databases, and tools that support insurance and risk management functions
- Process-oriented mindset with a focus on accuracy, efficiency, and continuous improvement
- New York City residency is required within 180 days of hire
Salary Range
$70,000 - $72,000 USD
About Us: New York City Economic Development Corporation is a mission-driven, nonprofit organization that works for a vibrant, inclusive, and globally competitive economy for all New Yorkers. We take a comprehensive approach, through four main strategies: strengthen confidence in NYC as a great place to do business; grow innovative sectors, with a focus on equity; build neighborhoods as places to live, learn, work, and play; and deliver sustainable infrastructure for communities and the city’s future economy.
NYCEDC is committed to offering competitive benefits to support employee health, happiness, and work-life balance. We offer comprehensive benefits and unique perks to ensure NYCEDC employees flourish in their professional and personal lives:
- Generous employer subsidized health insurance
- Medical, dental, and pharmacy plans
- Vision and hearing benefits
- Flexible spending accounts for healthcare and dependent care
- Short term and long-term disability coverage
- 100% employer covered life insurance and supplemental life insurance coverage
- Up to 25 vacation days
- Floating Holidays and Summer Fridays
- Parental leave - up to 20 paid weeks
- Retirement savings programs
- Company-paid 401(a) defined contribution plan
- 457(b) tax-advantaged retirement savings plan
- Tuition Reimbursement program
- Continuing education and professional development
- Public Service Loan Forgiveness (PSLF) eligible employer
- College savings plan
- Backup childcare
- Gym membership discounts
- A Calm.com membership for mindfulness and mental health support
- Employee discounts through Plum Benefits and much more
Benefits listed above may vary based on the length and nature of your employment with New York City Economic Development Corporation. These benefits are subject to be modified at any time, at the discretion of the organization.
The New York City Economic Development Corporation is an Equal Opportunity Employer. Our Diversity, Equity, and Social Responsibility Mission is to create a People First strategy by attracting, retaining, and engaging a diverse and talented workforce. Like the city of New York, NYCEDC knows our strength comes from each of our connected parts, making the fabric of our organization better and stronger because of our unique employees' talents.
For more information, visit our website at edc.nyc.
Salary : $70,000