Pittsburgh Regional Transit is seeking an Associate Insurance Administrator to assist the Insurance Administrator in all aspects of overseeing administration of first party property, casualty services, data entry, filing, and other third-party services required to protect the interest of and mitigate the financial and liability risks of the Port Authority of Allegheny County d/b/a Pittsburgh Regional Transit (PRT). Assists Insurance Administrator in compiling and assimilating pertinent information to develop a marketing initiative for the PRT’s insurance policies and makes recommendations to Director of Legal & Consulting Services and Chief Legal Officer about procuring and/or maintaining insurance policies and/or bonds. Assists Insurance Administrator in serving as a liaison between the PRT and its broker(s), insurance agents, underwriters, and loss prevention engineers, and manages day-to-day activities of broker.
Essential Functions:
- Assists Insurance Administrator in compiling and assimilating pertinent information required to develop a marketing initiative for each of the PRT’s insurance policies to present to the carriers to obtain a competitive quote and makes recommendations to Director of Legal & Consulting Services and Chief Legal Officer relative to procuring and/or otherwise maintaining existing or potentially new insurance policies and/or bonds for the PRT based upon PRT’s evolving business needs and emerging areas of financial and liability risk.
- Assists Insurance Administrator as liaison between the PRT and its broker(s), insurance agents, underwriters, and loss prevention engineers and manages day-to-day activities of broker.
- Assesses risk for each contract (including license agreements) based on the scope of services provided by the relevant PRT department(s) or work being performed by third parties on or adjacent to PRT property. Objectively and timely evaluate potential hazards, analyze the magnitude of the potential loss, and the probability of loss occurring to assign insurance requirements and limits.
- Responsible for providing proof of insurance compliance to the government agencies and other third parties entities that have an interest in PRT’s assets or otherwise require proof of PRT insurance/self-insurance pursuant to relevant agreements.
