About the Position
The Risk Manager will work closely with the Director-Insurance and Risk Management with the management of diverse Private Client Personal Lines and Commercial Lines insurance programs, with various levels of complexities for both Property and Casualty lines of business, including Valuable Articles, Yacht, Aviation, Construction, Farm and Ranch, Management Liability products, and support the performance of due diligence with all new business opportunities. The Senior Manager, Risk will collaborate closely with the Director, Insurance & Risk Management, supporting strategic projects with complex technical knowledge required.
What you will do
You will be responsible for managing complex personal lines, commercial, and personal/commercial hybrid accounts, reporting directly to the Director of Insurance and Risk Management. You will develop trusting consultative relationships with clients and internal business partners, Broker and Carrier business partners. You must also be able to in the evaluation and education for clients on coverage gaps and newly available coverage options, industry state of the market, as well as emerging trends.
Responsibilities
- Manage the development, implementation, and daily service of comprehensive and competitive insurance programs for the firm’s geographically diverse real estate and asset portfolios and corporate operations, including the negotiation of policy terms and conditions
- Manage the research, evaluation regarding current and state-of-the-art trends in risk management, safety and loss control strategies.
- Manage budgets, forecasts, financial reports, premium allocations, premium audits and retro calculations.
- Coordinate claim coverage issues; participate in claim review meetings and analysis of claim reserves
- Provide consultation and technical advice on insurance and risk management issues to business units; laisse with internal and external stakeholders, including partners, lenders, asset and property managers
- Manage the performance of asset acquisition due diligence, identifying and analyzing significant risk management and insurance issues, compiling required underwriting data and assisting with making appropriate recommendations
- Establish contract standards for insurance and indemnification wording; review contracts and other legal documents to evaluate risk related provisions, assuring competitiveness and compliance with insurance and risk management policies
- Manage internal communication and strategies related to program recommendations and risk management initiatives
- Develop detailed policy summaries for dissemination to lenders, tenants, and other third parties
- Assist with the maintenance of annual records and assist with the implementation of our Agency Management System
- Independently analyze the insurance provided by joint venture partners for compliance with applicable agreements
- Assist with the development of standard processes and procedures for various risk management functions
- Assist with the development and implementation of relevant risk management policies, training, and communication to ensure the efficient operation of individual operating units
- The Senior Manager, Risk will collaborate closely with the Director, Insurance & Risk Management, supporting strategic projects with complex technical knowledge required.
- Other risk management duties as assigned