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Full-time Risk Management Associate

at Sony Corporation of America in New York

Sony Corporation of America, based in New York, NY, is the U.S. subsidiary of Sony Corporation, headquartered in Tokyo, Japan. Sony is a leading manufacturer of audio, video, communications, and information technology products for the consumer and professional markets. Its motion picture, television, computer entertainment, music and online businesses make Sony one of the most comprehensive entertainment and technology companies in the world.

Sony Corporation of America (SCA) has an immediate opening for a Risk Management Associate to join the Risk Management department located in NYC. This position encompasses the responsibility for several insurance functions including claims handling process, surety bond requests, assessing insurance coverage’s for special events, certificates of insurance requests, insurance policy reviews, contract reviews, etc. It also includes minimal administrative support for the department’s Vice President, Director and Manager. The position requires an individual who is able to work both with the department members and independently on numerous projects.

Interface with Sony Music Entertainment’s business units’ Marketing and Business Affairs departments to review requests for insurance for in-store appearances by Artists for performances, autograph signings, photo shoots, press junkets, etc.
- Communicate with the insurance broker/underwriters regarding the details of the event and associated risks. Secure coverage and provide any required certificates of insurance.
- Coordinate and review the insurance language contained in event agreements with the Legal department.
- Communicate and educate the business people on the procedures/guidelines.
- Maintain a special events log for all events to be provided to the Underwriters during the annual insurance renewal.

Secure underwriting information for marketing and renewal of all insurance policies.
Manage the insurance policy review process with department members and external contacts. This includes the initial review of each of the policies, working with the department members for a second review, and working with external contacts to manage the process if any changes are required.

Review all invoices for accuracy and process invoices accordingly.
- In conjunction with the department members set-up invoices for budget coding, prepare allocation schedules and obtain the appropriate approvals.
- Forward the invoice to the respective Accounts Payable department for processing.
- Follow-up with the Accounts Payable department as needed.

Receive all requests for certificates of insurance. Make a determination as to the validity of requests and identify the coverage and limits that are required to be stated on the certificates of insurance. Compare the certificate of insurance to agreements to confirm that the certificate of insurance meets the insurance requirements contained in the agreement. Work with the insurance broker to ensure that all valid certificates are renewed upon expiration.
Review and issue surety bonds to determine the required bond type and amount. This entails working with various Marketing, Treasury, Legal, Accounting departments and insurance brokers/surety companies. Assist in maintaining a log of bonds in force. Secure Treasury approval for all new bonds. Assist in providing a monthly report to Treasury of all bonds in-force for reporting to Sony Tokyo.
Prepare the monthly report to the Treasury department on the self-insured workers’ compensation claim reserve amounts for reporting to Home office.
Respond to requests for automobile identification cards on an individual basis. Secure identification cards for all company owned and leased vehicles upon new vehicle purchase, change or the annual renewal of the automobile policy. Maintain the automobile listing.
Assist in the daily administration and placement of the Production Wrap-up Insurance Program.
Initial review and discussion with department members of new claims received. Submission of claims to insurance carriers for coverage determination. Coordinate status updates with the Legal department and provide updates to insurance carriers and the department members. Prepare and distribute various management reports.
Have a sufficiently broad knowledge of commercial insurance to be able to respond to general insurance inquiries. This assists the department in resolving questions from Sony Group Companies units in a timely manner.
Provide administrative support to the department members including, auditing and reviewing expense reports, ordering office supplies, maintaining and preparing the monthly report to management, distribution of mail and other miscellaneous functions.

Minimum of 5 (five) years prior experience in insurance/risk management, preferably in all major lines of commercial insurance coverage.
Four year college degree.
Ability to organize, prioritize and follow through on multiple tasks or projects simultaneously.
Ability to learn quickly and apply going forward.
Strong process-orientation and analytical skills and keen attention to detail.
Ability to interact and communicate (both verbal and written) effectively with individuals at all levels of the organization.
Self-motivated, goal oriented, quality driven and team oriented.
Positive attitude/outlook.
Willingness to learn independently where necessary to fulfill the position’s responsibilities.
Working knowledge of compute software (Word, Excel and PowerPoint) with ability to create reports.
Must be eligible to work unrestricted in the USA.

Sony is an Equal Opportunity Employer. All persons will receive consideration for employment without regard to race, color, religion, gender, pregnancy, national origin, ancestry, citizenship, age, legally protected physical or mental disability, covered veteran status, status in the U.S. uniformed services, sexual orientation, gender identity or expression, marital status, genetic information or membership in any other legally protected category.

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Published on Sep 07, 2011
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