Insurance Risk Associate

Morgan Stanley•Dallas, TX

1d•$98,000 - $137,000

About The Position

We're seeking someone to join our team as an Insurance Risk Associate reporting to an Executive Director in the management of various policy lines focusing on professional liability, directors' & officers' liability, surety/ERISA bonds and commodities-related policies (property & liability). This position will provide an opportunity to learn the risk and insurance management discipline and be part of a Risk and Insurance Management Department (RIMD) with global responsibilities for a world-class financial services company. In the Corporate Services division, we empower our businesses by creating collaborative workplace solutions and commercial services that enhance the employee and client experience, while optimizing the value of our sourcing and third-party lifecycle to enable the Firm to do-and-win business. Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

Requirements

4-5 years of Risk and Insurance Management (RIM) and/or insurance industry experience
Four-year college degree (business preferred e.g. business accounting, finance, risk management, etc.)
Strong knowledge and application of software and appropriate technology, e.g., Microsoft office (PowerPoint, excel spreadsheets, etc.)
Strong oral and written communication
Strong organizational skills
Proactive, look to change or improve processes

Nice To Haves

Associate of Risk Management (ARM) or willingness to obtain

Responsibilities

Manage and lead the renewal of various insurance policies including but not limited to Business Unit specific professional liability programs (D&O/E&O), ERISA program, and International Fund programs
Coordinate and manage the preparation of renewal applications for various business units in the firm; assist in the gathering of exposure data for various insurance policies, review submissions for consistency with previous years' applications, review inconsistencies with managers, then submit applications to insurance underwriters
Create and present PowerPoint presentations to Business Units, Fund Board and Senior Management where required
Maintain claims database and assist in claims administration and settlement of claims associated with the group's responsible insurance policies
Manage and maintain the group's insurance policy renewal calendar and set up strategy meetings where necessary
Assist in due diligence process (mergers & acquisitions)
Carry out and review/audit of responsible insurance policies to ensure files are fully documented with insurance binders, program schematics, summaries and policies and are accurately reflected as per the renewal
Responsible for all aspects of policy documentation
Maintain and assist insurance allocation procedure and processes
Review various contracts and agreements for adherence to required insurance policies and issuance of Certificate of Insurance to clients and vendors as required
Input and maintain information in a Risk Management Information System (RMIS), a database and analytical software that captures policy and premium information and tracks claims data information including pending, open, and closed claims