Insurance Risk Associate

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.

What you'll do in the role:
- 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

What you'll bring to the role:
- 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.)
- Associate of Risk Management (ARM) or willingness to obtain
- Strong oral and written communication
- Strong organizational skills
- Proactive, look to change or improve processes

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

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Expected base pay rates for the role will be between $98,000 and $137,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

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