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Metropolitan Transportation Authority

Operates regional public transit network

Deputy Director OCIP Management Risk Control

Actuarial & Risk ModellingConfirmed live in the last 24 hours
Full-timeNew York, NY, USA$137.4k - $166.9k

About the Job

Requirements

  • Knowledge of the implementation of self-insurance, commercial insurance, and reinsurance.
  • Knowledge of risk management.
  • Expertise in loss forecasting, actuarial methods, and reserve adequacy assessment.
  • Knowledge of Occupational Safety and Health Administration (OSHA) and Federal Railroad Administration (FRA) regulations, and experience administering construction safety programs.
  • Demonstrated analytical capabilities and quantitative skills.
  • Ability to prioritize work independently and remain flexible in work assignments.
  • Ability to communicate effectively and deal with management levels internally and externally.
  • Strong managerial skills to direct professional and technical employees in implementing short- and long-term goals.
  • Ability to work effectively in a high-profile, high-pressure environment.
  • Maintain membership in professional safety organizations to keep abreast of current trends in safety and loss control.
  • Proficiency in Microsoft Office Suite or comparable applications, including Word, Excel, PowerPoint, and Outlook.
  • Bachelor's degree in Arts/Sciences, Management, Risk Management, Finance, or a related field.
  • At least 10 years of experience in Risk and Insurance Management.
  • At least 4 years of supervisory experience.

Responsibilities

  • Select, develop, and motivate personnel; provide career development, coaching, and counseling; discipline or terminate employees when necessary; review staff performance; and foster a professional environment where employees can develop and contribute.
  • Manage existing and future Owner Controlled Insurance Programs (OCIPs), directly supervising associated safety and loss control activities, including services provided by private service providers.
  • Manage and monitor the Investment Portfolio contractor and produce required reports.
  • Ensure compliance by OCIP brokers, including OCIP administration and audits; negotiate and review insurance policies and procure adequate coverage for OCIP programs.
  • Provide financial modeling and reporting to senior management and stakeholders; review and comment on financial ideas or products presented by consultants regarding OCIPs; and monitor the performance of selected programs.
  • Oversee and promptly approve the creation and processing of OCIP WAR Certificates encumbering funds for OCIP premiums, safety programs, contractor safety incentive awards, and other services supporting the OCIPs.
  • Interact with high-level agency executives regarding OCIPs, including making presentations when necessary.
  • Analyze OCIP financials, including premium allocations, collateral requirements, and cost projections; provide OCIP statistical cause-and-effect, safety, and security data to related departments; and recommend actions to reduce loss.
  • Develop and assess loss picks to estimate future claims costs accurately.
  • Oversee OCIP claims and settlements and monitor third-party administrators for cost, accuracy, and best practices.
  • Monitor and manage claim reserves, working with third-party administrators and insurers to adjust them as needed; conduct trend analysis to identify loss drivers and recommend risk mitigation strategies.
  • Perform other duties as assigned.

Desired Qualifications

  • At least 3 years of professional-level experience working in a public benefit organization; experience in Capital Programs is a plus.

About the Company

Metropolitan Transportation Authority

Operates regional public transit network

The Metropolitan Transportation Authority operates the New York City region’s transit network, including buses, subways, commuter rails, bridges, and tunnels, through six agencies. It moves people by running trains and buses and by maintaining toll facilities and related infrastructure to deliver daily service. It stands apart from others by being the largest multi-agency transit authority in the U.S., offering integrated services across multiple modes under one umbrella. Its goal is to provide safe, reliable, and accessible transportation that keeps the New York City area moving for millions of riders.

Company size
1,001-5,000
Company stage
Not listed
Total funding
Not listed
Headquarters
New York City, New York
Founded
1834

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