The Metropolitan Transportation Authority (MTA) is the largest transportation authority in North America. The MTA network is comprised of the nation’s largest bus fleet and more subway and commuter rail cars than all other U.S. transit systems combined.
This position will support the Deputy Chief of Risk and Insurance Management in managing the MTA’s Owner Controlled Insurance Programs (OCIP), including safety and loss control initiatives for all OCIPs, the small business mentor program and stand-alone OCIPs, including but not limited to, Penn Station Access can the Second Avenue Subway.
The Deputy Director will select, develop and motivate personnel within the department and create a professional environment that respects individual differences and enables all employees to develop and contribute to their full potential. This will be achieved by providing career development and effective coaching and counseling subordinates – two full-time employees and consultants.
In addition, this role will provide financial modeling and reporting to senior management and stakeholders, as well as reviewing and commenting on all financial ideas or products presented by consultants regarding the OCIPs, monitor performance of programs selected, and manage and monitor the Investment Portfolio contractor and produce reports as required. The Deputy Director will analyze OCIPs financials, including premium allocations, collateral requirements, deductibles under the captive insurer, and cost projection, and provides OCIP statistical cause and effect, and safety and security data, to all related departments to support risk management activities regarding and recommends action to reduce loss.
Further, this position is responsible for managing all existing and future OCIPs and directly supervising all safety and loss control activities associated with such programs including services rendered by private service providers.
Additional responsibilities include, but are not limited to:
Ensure compliance over the OCIP brokers, including OCIP administration and audits, and responsible for negotiating, reviewing insurance policies, and procuring adequate OCIP coverages, for all OCIP programs.
Oversees, reviews, and promptly approves the creation and processes of all OCIP WAR Certificates encumbering funds needed for OCIP premiums, safety programs, contractor safety incentive awards, and any other services needed to support the OCIPs.
Interacting with high-level Agency executives regarding the handling of OCIPs, including making presentations when necessary.
Manages the administration of all Contractor Safety Incentive Programs, monitors costs, ensures services and billing are adequate and in compliance with Contractors (broker) Agreements.
Develop and assess loss picks, ensuring accuracy in estimating future claims costs. Oversee OCIP claims and settlements and monitor third party administrators (TPA) to check for, cost, accuracy and best practices.
Monitor and manages claim reserves, working with TPAs and insurers to adjust as needed, and conducts trend analysis to identify loss drivers and recommend risk mitigation strategies.
Performs all necessary support and related duties as assigned by the Deputy Chief as required.
Who We’re Looking For:
Bachelor’s degree in Finance, Risk Management, Business or a related field or an equivalent combination of education and experience from an accredited college may be considered in lieu of a degree.
Minimum of ten (10) years of related risk management experience, all insurance programs, and at least four (4) years in a managerial and/or leadership role in a large, multi-faceted, fast-paced organization or governmental body is preferred.
Certified Safety Professional (CSP) designation is preferred.
This position offers a compensation range of $133,519 - $166,899, and a robust benefits package that includes, but is not limited to the following:
Medical, dental, vision and prescription coverage
Pension Plan
Flexible Spending Accounts
Paid vacation, holidays and leave programs
New York’s 529 College Saving Plan
Municipal Credit Union
Transportation Pass
Tuition Reimbursement
And more!
To view the full position description, education, and experience requirements, and to apply, visit careers.mta.org and Search by Job Posting Number: 10770 or click here:
The MTA and its subsidiary and affiliated agencies are Equal Opportunity Employers, including with respect to veteran status and individuals with disabilities.
The MTA encourages qualified applicants from diverse backgrounds, experiences, and abilities, including military service members, to apply.
The Metropolitan Transportation Authority (MTA) is the largest transportation authority in North America. The MTA network is comprised of the nation’s largest bus fleet and more subway and commuter rail cars than all other U.S. transit systems combined.
