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 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 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
Oversee 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 aggregate by using such tools as RMS
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
Lead 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 manage third party relationships including TPAs
Qualifications
Bachelor's degree with a concentration in business, insurance and/or risk management.
Minimum of 4 years' experience in an insurance risk management department, brokerage firm, or insurance company
Knowledgeable and experienced in 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.
CPCU or ARM certification a plus
Proficient in Excel, Word and PowerPoint
Knowledge and experience using Risk Management Information Systems
JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.
