Entry-Level Risk Finance Associate: Launch Your Career in a Dynamic Industry!
Are you a recent college graduate eager to apply your analytical skills and build a rewarding career in the financial services sector?
They call us the “invisible banker” because nothing can be done in the business world without the ability to finance risk. The skyline of Manhattan is a testament to the power or risk financing. You could never build skyscrapers that tall and expensive without risk financing.
We are seeking a motivated and detail-oriented Risk Finance Associate, strong tech skills to join our growing team. This entry-level position offers a unique opportunity to gain hands-on experience in commercial risk financing .
What You'll Do:
As a Risk Finance Associate, you will be at the heart of our client service operations, providing crucial administrative support to our experienced Risk Finance Executives while developing your own expertise in managing a dedicated book of commercial accounts. This role is designed to provide comprehensive training , mentorship and progressive responsibility, allowing you to master the following tasks from start to finish:
- Client Engagement: Act as a primary point of contact for clients, addressing their servicing needs with professionalism and efficiency.
- Risk Analysis & Consultation: Analyze existing client coverages to identify potential gaps and thoughtfully recommend appropriate solutions for your assigned accounts.
- Renewal Management: Proactively manage renewal lists, conducting thorough reviews to ensure continued appropriate coverage and identify opportunities for multi-line policies. You'll also lead renewal review calls with clients, helping to strategically position their accounts.
- Proposal & Submission Management: Prepare and monitor insurance submissions, craft clear and compelling proposals, and develop comprehensive summaries of insurance for your clients.
- Data & Systems Management: Accurately enter and maintain policy and client data within our advanced client management systems.
- Policy Administration: Process policy endorsements, issue binders, and meticulously check policy documents for accuracy.
- Carrier Relations: Become proficient in navigating carrier websites to effectively manage all client servicing needs.
- Account Integrity: Oversee processes related to non-pay cancellations, ensuring timely and appropriate actions.
- Claims Support: Manage the initial claim intake process, enter claim data into the agency management system, follow up for claim numbers and adjuster information, and proactively manage assigned claims with action plans.
- Team Collaboration: Provide essential support to Account Executives, assisting with proposals, summaries, ordering loss runs, issuing certificates of insurance, requesting MVRs, processing endorsement requests, and entering client data.
- Client Onboarding: Play a key role in welcoming and onboarding new OODA Risk clients, ensuring a smooth transition.
Why This is a Great Opportunity for a New Graduate:
- AI Proof : We cannot outsource client interface in our business as our acumen, trust, & relationships are the coin of the realm. Your goal is to become proficient in the knowledge & skills with respect to understanding our clients business and to support them in innovative ways that cannot be outsourced.
- Develop In-Demand Skills: Gain comprehensive experience in risk assessment, client relationship management, policy analysis, and insurance operations – skills that are highly valued in the financial services industry, that cannot be outsourced to AI.
- Mentorship & Growth: Work closely with seasoned Account Executives who are committed to your professional development and success. We invest in our team and offer pathways for career advancement. We excel in developing young talented people who are intellectually curious.
- Make an Impact: Contribute directly to protecting organizations in vital sectors like human services and real estate, helping them manage their risks and achieve their missions.Our clients success is our success.
- Purposeful Work: Join a company that values integrity, client advocacy, and a collaborative team are the financial equivalents of Emergency first responders.
- Comprehensive Training: We provide the training and support you need to become proficient in our systems, understand complex insurance products, and excel in your role. Each hirer has an Employee Development Budget for training and support.
Who We're Looking For:
- A recent graduate with a Bachelor's degree (Finance, Risk Management, Business Administration, Economics, Marketing or related fields are a plus, but all majors are encouraged to apply if you have a strong interest in this field).
- Verbal & negotiation skills are very helpful.
- Excellent analytical and problem-solving abilities.
- Strong verbal and written communication skills.
- A keen eye for detail and a commitment to accuracy.
- The ability to manage multiple tasks and prioritize effectively.
- A proactive and eager learner with a strong work ethic.
- Proficiency in Microsoft Office Suite (Word, Excel, Outlook).
- A collaborative team player with a positive attitude.
- A genuine interest in building a career in risk management and insurance.
What We Offer:
- Competitive entry-level salary and benefits package.
- Opportunities for professional development and obtaining industry licenses/designations.
- A supportive and collaborative work environment where your contributions are valued.
- The chance to build a long-term career with a growing and reputable firm.
Ready to take the first step in your risk finance career?
If you are a driven and enthusiastic new graduate looking for a challenging yet rewarding opportunity, we encourage you to apply. Please submit your resume and a cover letter explaining why you are interested in this position and how your skills and aspirations align with this role.
We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
Job Type: Full-time
Pay: $50,000.00 - $75,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Health insurance
- Paid time off
Schedule:
- 8 hour shift
Ability to Commute:
- Irvington, NY 10533 (Required)
Ability to Relocate:
- Irvington, NY 10533: Relocate before starting work (Required)
Work Location: In person
