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Verizon Communications Inc.

Manager - Property Insurance Programs

Verizon Communications Inc. - Basking Ridge, NJ

Manager - Property Insurance Programs


Basking Ridge

New Jersey

What you’ll be doing...

The Risk Management Organization

At Verizon, we are building a world-class Risk Management organization. We have begun a comprehensive program to streamline processes, enhance systems, realign the organization and add opportunities for personal skill-building and professional growth. We’re finding new ways to add value and provide strategic support. This is the kind of work we do. We want to build leading Risk Management and Claims practices within Verizon, setting the stage to become the place any Risk Management or Claims professional would want to work. You can become a catalyst for change.

Risk Management - Property Insurance Programs

The Manager of Property Programs will report to the Director - Risk Management & Insurance and will have overall responsibility for managing property insurance renewals and administration of all property insurance programs. The position will also be responsible for management of Verizon’s surety bond program. This position requires excellent communications and interpersonal skills as well as strong presentation skills. This position will be responsible for the following activities:

Manage all aspects of the Global Property insurance program, including oversight of the collection of property values for the external insurance and internal captive deductible programs, encompassing numerous subsidiaries and 70,000 insured locations with $200 billion in insured values

Control placement of and ensure design and functionality of TRIPRA (Terrorism) coverage annually

Handle renewal and administration of the Builder’s Risk and Owner Controlled Insurance Programs

Manage Verizon’s $500 million surety bond program including responding to internal client inquiries/requests for bonds, monitoring the issuance and retirement of bonds, and addressing contract language issues with internal clients, legal representatives, and surety carriers

Validate submissions for other insurance programs such as Crime & Fidelity and Inland Marine/Ocean Transit

Create renewal presentations to senior management; prepare annual presentation to New York, London, and Bermuda markets

Negotiate policy wording & suggest improvements to program structure and terms/conditions

Supervise several outside contractors and insurance brokers in accomplishing Risk Management objectives

Maintain historical data on all programs and receipt of billing and documentation related to programs’ placement

Oversee review of leases and other vendor & supplier contracts to ensure adequate protection for the company

Prepare risk management data for M&A activity, liaise with internal and external contacts

What we’re looking for...

You'll need to have:

A Bachelor’s degree in Risk Management, Finance, Accounting, Economics or related field

Six years work experience in a corporate risk management department, commercial insurance brokerage firm or related position

Proficiency in Microsoft Office, including Excel, Word, PowerPoint and Access

Strong written and oral communications skills

Strong social interaction skills

Excellent presentation skills; comfortable with presenting to executives

Even better if you have:

Master's in Business Administration, Accounting, Finance, Economics or equivalent

A professional certification (e.g. ARM, CPCU, CPA, CFA).

Proven ability to establish strong working relationships across teams (e.g. Legal, Business Continuity, Sourcing, Operations, Insurers and Brokers).

When you join Verizon...

You’ll be doing work that matters alongside other talented people, transforming the way people, businesses and things connect with each other. Beyond powering America’s fastest and most reliable network, we’re leading the way in broadband, cloud and security solutions, Internet of Things and innovating in areas such as, video entertainment. Of course, we will offer you great pay and benefits, but we’re about more than that. Verizon is a place where you can craft your own path to greatness. Whether you think in code, words, pictures or numbers, find your future at Verizon.

Equal Employment Opportunity

We're proud to be an equal opportunity employer- and celebrate our employees' differences, regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or Veteran status. Different makes us better.

REQNUMBER: 471589-1A

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9 days 4 hours ago

Verizon Communications Inc.


Manager - Property Insurance Programs Verizon Communications Inc. - Basking Ridge, NJ, United States


Location: Basking Ridge, NJ

Company Profile:
Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Its Wireless segment offers access to various wireless voice and data services comprising Internet access through smart phones and basic phones, and notebook computers and tablets; messaging services to send and receive text, picture, and video messages; and consumer and business focused multimedia applications under the Verizon Wireless brand. This segment also provides location-based services; global data services; HomeFusion Broadband, a high-speed Internet service for homes; other connection-related services, such as network access and value added services to support telemetry-type applications; and machine-to-machine services that support devices used in healthcare, manufacturing, utilities, distribution, and consumer products markets, as well as sells smart phones and basic phones, tablets, and other Internet access devices. As of February 24, 2014, it served 103 million retail customers. The company’s Wireline segment offers video services over its fiber-optic network; data Services comprising high-speed Internet and FiOS broadband data products, as well as local exchange capacity, managed, mobility, and security services; voice services, such as local exchange, regional, long distance, wire maintenance, and voice messaging services, as well as VoIP, and landline and wireless services; and local dial tone and broadband services to local, long distance, and other carriers. This segment also provides networking products and solutions, such as private Internet protocol services, and Ethernet access and ring services; and infrastructure and cloud services. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was founded in 1983 and is headquartered in New York, New York.