Risk Manager (Real Estate)

Risk Manager (Real Estate)
Lincoln Avenue Capital, United States

Experience
1 Year
Salary
0 - 0
Job Type
Job Shift
Job Category
Traveling
No
Career Level
Telecommute
No
Qualification
Bachelor's Degree
Total Vacancies
1 Job
Posted on
Apr 28, 2021
Last Date
May 28, 2021
Location(s)

Job Description

Our team is looking for an experienced Risk Manager to build our Risk Management processes as a growing firm. As Risk Manager, you will be developing and implementing our corporate risk management program consistent with LAC’s strategic goals. With support from the Legal Team, you’ll be responsible for establishing, managing, and maintaining relationships with all insurance service providers and stakeholders. This role coordinates with executive management, legal, asset management, and accounting to execute LAC’s risk management policies and procedures to protect the firm’s assets, and minimize liability exposures.

This role reports to the General Counsel and is based in New York, NY.


What You’ll Do

  • Maintain and manage multiple insurance programs for LAC’s real estate portfolios and operations.
  • Collect, organize, and track insurance data to be analyzed for policy renewals and navigating additions and deletions to policies for submitting monthly or quarterly adjustments to various programs.
  • Create and maintain LAC’s risk management information system and ensures data accuracy.
  • Collaborate with a variety of internal and external parties, including Executives, Asset Managers, insurance brokers, adjusters and TPAs, and legal counsel.
  • Oversee the issuance of timely payments, renewals, and receipt of refunds.
  • Coordinates with Asset Management and Property Management on the design and implementation of Risk Management and Claims Prevention best practices in conjunction with broker/carrier program personnel.
  • Support legal in the review of Subcontractor and Vendor Agreements, Consultant Agreements, leases, financing agreements, purchase and sale agreements, and other similar agreements for internal business units to ensure minimization of risk and best risk transfer practices.
  • Audit certificates of insurance and administer insurance programs and assist with the purchase of new insurance policies and renewal of existing policies.
  • Respond promptly to requests for documentation of insurance regarding building operations and upcoming acquisitions.
  • Act as liaison with insurance brokers, insurance carriers and outside business partners, as needed.
  • Oversees and manages the claims handling process, litigation issues, and negotiation of settlements on a day-to-day basis.
  • Coordinating the purchase of all types of insurance for our properties.
  • Establish standard processes for data tracking, relevant policy deadlines, and overall summarization of insurance compliance firm-wide.
  • Coordinate with accounting and legal staff on insurance-related matters, including liability and warranty claims and litigation.
  • Maintain up-to-date knowledge of the risk and insurance industry trusts and identify and recommend actions to mitigate risks and control costs.
  • Provide regular reports and presentations to executive level management on all aspects of Risk Management.
  • Implements best practices in contract risk transfer and compliance, drafting indemnification and insurance requirements in all written agreements.
  • Investigates and analyzes root causes, patterns, and/or trends that could result in compensatory damages.
  • Other duties and projects as assigned.

Requirements

What You Bring

  • Knowledge of best practices in loss prevention, loss control, and safety.
  • Expertise in property and casualty insurance.
  • Ability to effectively analyze factors concerning risk, liability, safety, and occupational hazards.
  • Familiarity with real estate/property management/construction insurance and claims administration for property amp; liability.
  • Ability to establish and maintain strong relationships with employees, vendors, agencies, and the public.
  • Solid understanding of claims language/terms.
  • Meticulous attention to detail, organizational and problem-solving skills.
  • Ability to work and operate independently with minimal supervision.
  • Excellent organizational, communication, analytical, and critical thinking skills.
  • Must be a team player while effectively and efficiently using firm resources.

Your Education and Experience

  • Bachelor’s degree required.
  • 5+ years of progressively responsible Insurance/Risk Management experience in a commercial property/casualty role in a corporate Risk Management department or real estate firm.
  • Project management and work with a risk management information system experience preferred.
  • Multi-family real estate experience strongly preferred.

Benefits

In 2020, LAC welcomed 23 new, full-time employees and will expand by another 50% in 2021. In joining the LAC family, you will be part of a growing

Job Specification

Job Rewards and Benefits

Lincoln Avenue Capital

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