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Corporate Insurance Analyst

Company: JPMorgan Chase & Co.
Location: Plano
Posted on: May 3, 2021

Job Description:

Corporate Insurance Services, Analyst

Department Description:

Corporate Insurance Services (CIS) is part of the Chief Administrative Office and is responsible for negotiating, structuring and administering worldwide insurance programs for JPMorgan Chase & Co.'s (JPMC) businesses and operations. This includes managing a captive insurance company, claims administration, loss control and contract reviews.

CIS also provides insurance and risk management advisory services across the organization in connection with property damage and personal injury loss control, and has established best practices and guidelines for LOB and Corporate functions to follow when negotiating and making representations within insurance provisions in agreements with clients, counter-parties, vendors and lessors, etc.

Job Description:

The Corporate Insurance Analyst will directly support J.P. Morgan Asset Management- Real Estate Americas and is responsible for the end to end renewal process of insurance programs, overseeing claims and loss control processes and providing advisory services related to Asset Management's master insurance programs. This position will be specifically responsible for and be involved in the servicing and monitoring of Asset Management's Property, Terrorism, General Liability, Umbrella/Excess Liability and Pollution Legal Liability insurance programs. The Corporate Insurance Analyst will report to a Vice President within CIS responsible for the management of Line of Business insurance programs including Asset Management and Global Commodities and other corporate placements and duties relevant to firm wide and CIS initiatives.

Job Responsibilities:

  • Provide support in the renewal process by compiling underwriting information for submissions, completing applications, allocating premium, ensuring the receipt of the renewal policies comply with binders, and ensuring evidence of insurance and invoices are properly distributed
  • Assist in the acquisition process of each new property to be enrolled under Asset Management's insurance programs. Ensure properties are adequately insured while also proactively monitoring CAT portfolio aggregates
  • Manage the divestment process by providing the necessary loss related information and ensuring the appropriate notification has been received
  • Conduct contract reviews including lender, vendor, property management and tenant agreements and negotiate directly with third parties on behalf of Asset Management
  • Support Asset Management's Development Engineering Group (DEG) in providing guidance on development insurance requirements and other considerations for new construction projects partnering with developers and general contractors
  • Support loss control efforts including managing carrier demands and property manager relationships and contribute to the analysis of loss information towards the identification of trends and recommend corrective measures to control, reduce or eliminate future losses
  • Monitor fund portfolios and client portfolios and comply with specific requests and requirements as needed
  • Attain a strong understanding of the nature of the Asset Management- Real Estate Americas business to develop policy programs and negotiate contracts that accommodate and are receptive to the changing needs of a growing portfolio
  • Serve as a liaison at claims meetings and help manage third party relationships including TPAs

Qualifications

  • Bachelor's degree with a concentration in business, insurance and/or risk management.
  • 0-3 years' experience in an insurance risk management department, brokerage firm, or insurance company
  • Experience with a broad scope of insurance products including liability insurance, property and construction coverage a plus
  • Strong oral and written communication skills.
  • Ability to analyze financial information.
  • Ability to create concise reporting for Senior Management.
  • Working toward CPCU or ARM certification a plus
  • Proficient in Excel, Word and PowerPoint

Keywords: JPMorgan Chase & Co., Plano , Corporate Insurance Analyst, Other , Plano, Texas

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