Analyst, Insurance Risk Management at BNY

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

14 Jan, 26

Salary

120000.0

Posted On

16 Oct, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Risk Management, Finance, Accounting, Property & Casualty Insurance, Negotiation, Communication, Organizational Skills, Continuous Learning, Collaboration, Project Management

Industry

Financial Services

Description

At BNY, our culture allows us to run our company better and enables employees' growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world's investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide. Recognized as a top destination for innovators and champions of inclusion, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance - and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary. We're seeking a future team member for the role of Insurance Analyst to join our team. This role is located in New York, NY and is a hybrid position (4 days in office, 1 remote) offering work flexibility. In this role, you'll make an impact in the following ways: The ideal candidate will serve as a Property & Casualty insurance subject matter expert and will play a pivotal role in the development, renewal, and management of insurance programs for both corporate entities and subsidiaries. This role is responsible for evaluating coverage options, negotiating policy terms and conditions, and educating stakeholders on insurance policies. Prepare underwriting submission materials and facilitate placement and maintenance of corporate insurance programs, including but not limited to Property & Casualty programs (international and domestic), Workers Compensation, Construction Insurance (OCIP, Builders RIsk, Owners Interest Liability, etc.). Support multiple business lines with subsidiary insurance renewals, including but not limited to Master Trust, Fidelity Bonds, Miscellaneous Error & Omission and Director & Officers liability placements worldwide. Respond to internal and external inquiries in relation to insurance requirements. Review vendor and supplier contracts, real estate lease agreements, and Requests for Proposals (RFPs) to ensure compliance with insurance requirements. Perform administrative tasks such as maintaining and updating insurance schedules, administering claims for all corporate and subsidiary policies, verifying insurance binders and policies for accuracy, coordinating with Accounts Payable and Finance to ensure timely premium payments, and handling other internal governance tasks. Independently manage multiple ad hoc projects and ensure timely and successful completion. Demonstrate strong organizational, verbal, and written communication skills. Act as a proactive self-starter dedicated to continuous learning and effective collaboration. To be successful in this role, we're seeking the following: Bachelor's degree in Risk Management, Finance, Accounting, Business, or equivalent combination of education and experience. 2-4 years of professional experience in the Property & Casualty insurance industry required. Prior Real Estate / Construction Insurance experience preferred. At BNY, our culture speaks for itself, check out the latest BNY news at: BNY Newsroom BNY LinkedIn Here's a few of our recent awards: America's Most Innovative Companies, Fortune, 2025 World's Most Admired Companies, Fortune 2025 “Most Just Companies”, Just Capital and CNBC, 2025 Our Benefits and Rewards: BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter. BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans. BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $58,000 and $120,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNY total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs. This position is at-will and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team performance, and market factors.

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Responsibilities

The Analyst will serve as a Property & Casualty insurance subject matter expert, responsible for the development, renewal, and management of insurance programs. This includes evaluating coverage options, negotiating policy terms, and educating stakeholders on insurance policies.