ten distinct operating companies employing more than 1200 individuals with business operations in over 20 US states. JOB DESCRIPTION POST is seeking a tenured Insurance and Risk Management executive to oversee the company’s growing internal insurance service functions including but not limited to all aspects of Policy, Claims and Risk Management across each of our portfolio companies.
This role will work closely with the firm’s CEO, General Counsel and division President’s and CFOs. Portfolio company assets include over 25,000 apartment units, multiple mobile home parks and industrial buildings, over sixty franchised retail locations, five industrial product manufacturing facilities and
multiple corporate offices. Job Duties Oversee the implementation and renewal of approximately fifty different insurance policies with an emphasis on property habitational and casualty insurance, health insurance, owned auto, E&O, EPL, D&O, as well as all specialty insurance programs and products.
Oversee potential and existing insurance claims in partnership with all management teams and the company’s legal department. Work with management teams to devise and implement risk mitigation programs reducing overall insurance claims. Manage coverage limits to adhere to management’s risk tolerance while maintaining compliance related covenants of lenders, equity providers and partners. Oversee
and grow the company’s captive insurance program, risk sharing and self-insured retention programs.
Provide expert level assistance to business divisions in contract reviews and negotiations of insurance and indemnity provisions to minimize the company’s exposure to risk. Manage external relationships with service providers including Brokers, Insurers, Claim Handlers, and Loss Adjusters. Maintains a deep understanding of the Property Insurance landscape; attend applicable industry events/conferences; conduct line of business research to identify and understand trends and adjust Company insurance strategy accordingly. Ensure regulatory compliance and adherence to licensing regulations within the industry.
Review, negotiate, and finalize insurance contracts with brokers and insurance company as needed. Research and respond to employee inquiries on legal, compliance, or business issues which pertain to the availability of coverage for specific instances. Participate in day-to-day operational insurance policy audit and review. Maintain relationships with vendors, brokers, and carriers for seamless administration. Oversee the company’s policy and claims management software system. Qualifications This will be a newly created role within the organization so the candidate must be able to develop a department from the ground up.
Bachelor’s degree required; degree in Risk Management, Accounting, Economics, or Finance, preferred. 5+ years in managing insurance programs. CPCU, ARM, Brokerage License, or similar continuing insurance risk management education, preferred. Expert knowledge of insurance products and markets. Insurance underwriting experience. Excellent verbal and written communication skills. Project management, problem solving, and decision-making skills with attention to detail. Prior experience with real estate related insurance with an emphasis on multi-family habitational risk a plus.
Experience with specialty captive programs a plus. Experience with insurance management software related systems for policy tracking and claims management necessary. Compensation + Benefits Pay Range: $165,000 - $185,000 with opportunity for competitive bonus. Benefit package includes medical, dental, vision, Life/AD&D, 401K with company match, paid time off, and holidays. The Company is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, interaction, interactionual orientation, gender identity, national origin, disability or veteran status.
