Senior Risk Manager

Responsibilities

• Advising and assisting senior management in incorporating risk management and insurance principles and practices in business operations and agreements.
• Ensure risk management policies and strategies comply with applicable regulations, contracts, and Federal/State laws.
• Develop, implement, and promote insurance and risk management-related policies, procedures, and guidelines.
• Analyze and report to management regarding the status of enterprise risk.
• Manage all aspects of the Company’s insurance plans and programs (property, casualty, builder’s risk, environmental, workers compensation, etc.).
• Evaluate quotes and recommend coverages, premiums, and limits.
• Obtain insurance cost estimates to assist in underwriting potential property acquisitions.
• Oversee the development of portfolio and property specific insurance renewal budgets and manage the budget for risk management operational needs.
• Work directly with brokers and underwriters for new and existing insurance coverage within the United States and internationally.
• Oversee issuance and renewal of certificates of insurance where utilized.
• Develop and maintain loss control programs and advise operating units on implementation, considering type of property, geographical location, and claims history.
• Suggest risk mitigation strategies that are cost-effective.
• Utilize insurer loss prevention resources.
• Manage all aspects of claims including receipt and review of all accident/incident reports.
• Report claims/incidents to the appropriate insurance carriers and claims adjusters.
• Effectively leverage third party administrators in adjusting claims and monitor their performance.
• File claims with responsible parties and negotiate settlements with insurers of tenants, vendors, and contractors.
• Manage and refine the claims reporting process with a focus on efficiency.
• Coordinate closely with legal counsel for proper determination of liability and resolution of litigated claims in multi-state environment.
• Manage subrogation efforts and legal costs.

Qualifications

• Member of the Church of Jesus Christ of Latter-day Saints and currently temple worthy.
• Bachelor's degree in risk management and insurance, law, business, or related fields; advanced degree(s) and professional designation(s) a plus.
• More than fifteen years of experience in one or more of the following areas: risk management, insurance, legal, and/or business management.
• Significant understanding of the design and administration of insurance programs to mitigate property, casualty, builder’s risk and environmental risk; experience with insurance policy pricing and renewals.
• Experience with the design and administration of loss control programs, risk management policies, procedures, and training programs.
• Proven history overseeing claims management programs/working effectively with third party claims adjusters, and evaluating insurance and indemnification provisions in legal agreements.
• Experience negotiating insurance, liability and indemnification provisions of various agreement types, including joint development agreements, property management agreements, and complex commercial contracts.
• Experience overseeing litigation matters and coordinating the work of outside litigation legal counsel preferred.
• Experience with construction insurance, performance and payment bonds, and subcontractor default insurance.
• Experience with creation and execution of Enterprise Risk Management programs.
• Proficiency in use of RMIS a plus.
• Exceptional analytical skills, organizational skills and attention to detail with proven history of taking initiative and driving projects forward.
• Excellent skills in MS Outlook, PowerPoint, Excel and Word.

About the Role

The Sr. Risk Manager provides expertise in insurance & risk management; loss prevention; claims management and other key risk management activities, for a significant real estate investment portfolio of commercial, residential and land properties, overseen by a large team of professional investment managers, specializing in asset management, construction, transactions, and supporting functions.