Overview Bring your ideas. Make history. BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world's top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the "bank of banks" - 97% of the world's top banks work with us as we lead and serve our customers into the new era of digital.
With over 240 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we're approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what
is all about.
We're seeking a future team member in the role of Specialist to join our Corporate Insurance team. This is a VP level role, offering hybrid work flexibility. The position will report to our office headquarters in NY.
Overview: Insurance Specialist provides insurance industry knowledge for assistance with the development and renewal of all corporate and subsidiary insurance programs. The Specialist will provide assistance for insurance policy coverage conditions and premium renewals. The individual will work independently to accomplish his/her own assigned workload and collaborate with other members of the group to ensure compliance with approved insurance industry standards. The individual in this role will assist to identify the risks of the organization and do what is necessary to place insurance coverage to offset those risks and be accountable to deliver support and guidance to all corporate lines of business, sectors, regions, and legal entities on various types of insurance coverage. This individual will be expected to provide back-up support for all members of the insurance group and will be responsible for managing selective insurance coverage. No direct reports.
Responsibilities:
- Assist Head of Corporate Insurance in negotiations with insurance brokers and underwriters for the placement of renewals and new polices.
- Assist Head of Corporate Insurance by gathering underwriting submission materials for corporate and subsidiary insurance placements.
- Assist with BNYM Captive Insurance Company management.
- Assist in the placement and renewal process of the Casualty Insurance Program (Workers Compensation, General Liability, Auto Liability, and Umbrella Liability) and/or Financial Lines.
- Review insurance contracts and requirements for third party vendors, as well as lease agreements.
- Liaison with 1LOD on Risk Management Protocols and tracking of KRIs/KPIs for RCSA.
- Fulfill 1LOD requests as it relates to Corporate Insurance group within CAO.
- Maintaining and updating various insurance schedules to capture carrier, broker, and policy information.
- Ability to work independently and manage multiple projects and priorities to accomplish deliverables on a timely basis.
- Effective team player with proven track record of collaboration and coordination with other business areas.
- Self-starter with ability to take initiative and eager to learn.
- Proven organizational and communications skills (both verbal and written).
- Proficiency in Microsoft Excel, Word, and PowerPoint.
Bachelor's degree in finance, accounting, or business and 5+ years of total work experience in the insurance industry required.
BNY Mellon assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $85,000 and $115,000 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 BNYM 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.
Employer Description:
For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.
EEO Statement:
BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans. Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.