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Lockton · 1 week ago

Risk Manager, Private Equity Real Estate (PERE)

New York, NY

Full-time

Hybrid

Senior Level

5+ years exp

Lockton is a leading insurance brokerage firm, and they are seeking an experienced Insourced Risk Manager for a large private equity real estate client. The role involves overseeing risk management processes, implementing policies to minimize risks, and managing insurance programs for development and operational assets.

Auto InsuranceInsuranceRisk Management

No H1B

Responsibilities

Oversee all master and asset-level insurance programs including renewal cycles for property, liability, environmental, and other specialty insurance coverages

Create, develop, and implement policies and procedures to minimize risks, including contract review and negotiation, document management, and policy placement

Conduct property-level and portfolio level risk assessments, identifying exposures related to natural hazards, operational risks, tenant issues, financing, and compliance

Analyze partners’ and managers’ insurance programs, including creating comparison documents and making recommendations to enhance insurance programs

Maintain compliance records related to third party insurance requirements (policies, certificates of insurance, and coverage summaries)

Evaluate and negotiate contracts to ensure compliance with established standards including property management agreements, joint venture agreements, leases, and loan agreements

Educate and assist operational groups to ensure coordination between project activities, exposures, and appropriate insurance coverage, including in-person seminars and online webinars

Lead and manage all insurance claims for operational assets including property damage, casualty events, and other

Build and maintain strong relationships with JV partners, lender consultants, and internal and external counsel

Implement risk management practices for the client in accordance with their established processes for: Business Continuity Management, Emergency Response, Enterprise Risk Management, ESG, Sustainability

Qualification

Risk management experienceInsurance knowledgeContract negotiationReal estate experienceAnalytical skillsClient service skillsCommunication skillsOrganizational skills

Required

Bachelor's degree in risk management and insurance, or a business-related field, or equivalent education and experience

Minimum 5-10 years insurance an/or risk management experience, ideally in the Real Estate industry

Strong understanding of real estate and related insurance and risk management practices, development experience a plus

Direct experience with contract review and negotiation specific to the insurance and indemnity sections of joint venture agreements, loan documents, property management agreements, and other legal agreements

The ability to provide guidance on insurance requirements to the executive teams, counsel, asset managers, clients, and business partners

Working knowledge of all lines of insurance – including policies, coverages, limits, and fundamentals

Excellent analytical, organizational, interpersonal, communication, and critical thinking skills

Administrative and organizational skills critical; excellent time management skills, flexibility, and management of a variety of tasks simultaneously

Reliable and thorough with a deep commitment to accuracy

Excellent client service skills with the ability to develop sound relationships with internal and external stakeholders at all levels of the organizations

Must be legally able to work in the United States and will not require sponsorship for this position, now or in the future