Insurance Risk Manager

Job Description

Summary of Position :

• Join our dynamic organization as Insurance Risk Manager and take charge of a diverse set of responsibilities working with development, construction and property management. The Risk Manager will exhibit a sharp attention to detail and the ability to work in a fast-paced culture. You will be involved in risk management across our management portfolio and our construction division, engaging with colleagues throughout the company in their day-to-day work and on special projects and initiatives.

Essential Duties & Responsibilities (Other duties may be assigned) :

Responsible for managing corporate insurance programs, including the negotiation of insurance placement structure and pricing, annual insurance renewals, and interaction between insurance brokers and insurers. Serve as risk management contact for insurance brokers and insurance carriers.

Prepare insurance applications and renewal market submission documentation for all lines of coverage; Review policy terms & conditions and quotes; Make recommendations on appropriate coverage, insurance limits and retention levels.

Prepare insurance applications for new construction projects for Builders Risk and Liability insurance. Review all quotes, confirming compliance with lender and investor requirements, and provide recommendations to management.

Obtain insurance quotes for new development and property operating budgets.

Review all binders and policies for accuracy and work with brokers to resolve any issues.

Manage and oversee all claim related activities; Liaise with legal on all claim related matters; Resolve claim disputes with carriers; Communicates and escalates insurance claims and risks quickly and efficiently across the organization to maximize recoveries.

Support day-to-day operations of corporate risk management, including policy administration and certificates of insurance for contractual compliance. Process invoices and issue certificates of insurance as requested.

Prepare loss analyses, identifying exposures, recommending solutions and implementing approved programs.

Review contractual insurance requirements and make recommendations on appropriate insurance language to various business units.

Prepare presentations to internal business units on insurance programs and exposures.

Participate in contract preparation and review.

Manage all efforts relating to the collection, review, and approval of subcontractors, subconsultant, and vendor certificates of insurance and full insurance policies as it relates to development and construction.

Evaluate issues relating to insurance for subcontractors, subconsultants, and vendors. Understand when issues must be elevated and have the ability to clearly communicate and provide a recommendation.

Manage relationships with Insurance brokers and carriers

Requirements & Competencies :

Extremely detail-oriented with exceptional organizational skills

Ability to work under pressure, often in a deadline driven and fast paced environment

Ability to perform several tasks concurrently

Work independently as well as collaboratively in a team environment

Excellent communication skills, written and verbal

Effective interpersonal skills with the ability to work cross-functionally and establish strong relationships

Strong curiosity and willingness to learn and improve processes.

Stays current with industry news and players to anticipate changes in coverage and premium

Prior work experience in a Corporate Risk Management environment desired

Education Qualifications :

Bachelor’s degree required; ARM / CRM designation or advanced degree preferred

Minimum 5 years Insurance Risk Management experience

High degree of computer literacy and systems-oriented approach to problem solving

Schedule :  Monday to Friday 8 : 30am – 5 : 00pm

Salary :  $140,000 - $155,000 per year (commensurate with experience)

Job Type : Full-time

Benefits :

401(k)

Dental insurance

Health insurance

Paid time off

Vision insurance

Work Location : In person