Risk Analyst

Vornado’s Risk Management group is seeking a Risk Analyst to work in the Paramus location. Exciting opportunity for a highly motivated individual to join a premier real estate company. Will be exposed to all levels of management and a wide variety of company initiatives. Will consider recent college graduates with advanced Excel skills and a strong desire to break into the field of Risk Management.

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 manage 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.
• 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 the day-to-day management of all controlled captive insurance companies.
• 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.

The starting salary for this New Jersey position is expected to be between $50,000 to $65,000 annually. Actual salary will be determined based on skills, experience (to the extent relevant) and other job-related factors, consistent with applicable law.

Vornado Realty Trust is not offering reimbursement for relocation expenses for this position located in our Paramus, NJ office.

Vornado Realty Trust is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard for race, religion, color, national origin, sex, age, status as a protected veteran, among other things, or status as a qualified individual with a disability.

Salary : $50,000 - $65,000