Insurance Compliance Risk Manager

New York City Housing Development Corporation; New York (NY); On-site; USD 100,000 - 120,000; Full time

Job summary

An established industry player is seeking an Insurance Compliance Risk Manager to lead risk assessment and compliance for their property portfolio. This pivotal role involves serving as a subject matter expert, managing insurance-related audits, and collaborating with various teams to ensure adherence to regulations. Candidates with a strong background in risk management and insurance, along with leadership skills, will thrive in this dynamic environment. The position offers a competitive salary and excellent benefits, making it an exciting opportunity for professionals looking to make a significant impact in the field.

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Retirement Plan

Paid Leave

Professional Development

Wellness Reimbursement

Back-up Caregiver Benefits

Qualifications

• 3-5 years of experience in Property and Casualty Insurance and Risk Management.
• Extensive knowledge of commercial property and liability insurance.

Responsibilities

• Serve as a Subject Matter Expert for Insurance and manage a team reviewing insurance certificates.
• Oversee insurance premium payments and perform regular audits.

Skills

Risk Management

Insurance Compliance

Analytical Skills

Communication Skills

Leadership

Problem-Solving

Education

Bachelor's degree in Risk Management, Insurance, Finance, or Legal

Certifications like ARM, CPCU, CRM, RPLU

JD, MBA, MPA

Tools

Microsoft Office

Job description

Join to apply for the Insurance Compliance Risk Manager role at New York City Housing Development Corporation

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Position Summary:

The Insurance Compliance Risk Manager reports to the Vice President, Loan Servicing. The role involves identifying, assessing, and mitigating risks related to insurance on the HDC property portfolio; serving as a subject matter expert on insurance claim matters and market trends; and conducting regular audits to ensure compliance with HDC insurance guidelines.

Area of Talent:

Risk Management/Insurance

Position Type:

Full Time/Exempt

Salary Range:

$100,000 - $120,000

Office Location:

NYC/Financial District

Job Responsibilities:

1. Serve as a Subject Matter Expert for Insurance, researching market trends and recommending solutions to mitigate loan defaults.
2. Manage a team reviewing insurance certificates for various property and liability insurances.
3. Oversee insurance premium payments and escrow analysis.
4. Coordinate insurance claim endorsements and fund releases.
5. Stay updated on relevant laws, regulations, and industry standards.
6. Generate compliance reports and implement protocols.
7. Collaborate with legal and development teams on insurance issues.
8. Perform audits, risk analysis, and controls regularly.
9. Maintain up-to-date insurance requirements and update carrier ratings.
10. Develop relationships with insurance brokers for efficient tracking.
11. Monitor mortgage insurance premiums and approve payments.
12. Partner with internal and external clients to provide service.
13. Coach and mentor team members.
14. Perform additional duties as assigned.

Required Qualifications:

• Bachelor's degree in Risk Management, Insurance, Finance, or Legal; certifications like ARM, CPCU, CRM, RPLU preferred. JD, MBA, MPA acceptable.
• 3-5 years of experience in Property and Casualty Insurance and Risk Management.
• Extensive knowledge of commercial property and liability insurance, claims, and market conditions.
• Strategic thinking and solution execution skills.
• Strong analytical, interpersonal, and communication skills.
• Proficiency in Microsoft Office applications.
• Leadership and collaboration skills.
• Problem-solving abilities.
• Insurance industry designations or Property & Casualty License a plus.
• Familiarity with HUD, Fannie Mae, and SONYMA a plus.
• Understanding of New York construction insurance landscape a plus.

It is strongly preferred to submit a cover letter with your resume. You may also fax your resume and cover letter to [phone].

Benefits:

• Competitive salary and excellent benefits including health, dental, vision, retirement plan, paid leave, professional development, and more.
• Public Service Loan Forgiveness eligibility.
• Wellness reimbursement and back-up caregiver benefits.

Equal Opportunity Statement:

HDC is an inclusive employer committed to diversity and providing accommodations for persons with disabilities. Contact Human Resources for reasonable accommodations.