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Kushner · 1 day ago

Director of Risk Management

NYC Metro Area

Full-time

Onsite

Director/Executive

$200K/yr - $230K/yr

10+ years exp

Kushner is a company that values its core principles and aims for excellence in the real estate industry. The Director of Risk Management is responsible for developing and implementing a comprehensive risk strategy to safeguard the organization’s assets and ensure operational continuity across various business lines.

Real Estate

Hiring Manager

Sandra Willene Hicks-Rodriguez

Responsibilities

Manage the Company’s insurance program including OCIP, general liability, builder’s risk, property, cyber, D&O, bonds and other insurance programs

Manage, negotiate and supervise the marketing and purchasing of insurance for the Company, including completion of insurance applications, working with brokers, and negotiating policy renewals and inceptions

Serve as principal point of contact with various external partners including insurance brokers, carriers, underwriters, claims adjusters, attorneys and other service providers

Review insurance coverage for adequacy, research options and fiscal viability (cost/budget analysis), and make recommendations for additional coverage

Develop, recommend and maintain best practices and appropriate exceptions, for indemnification, hold harmless requirements and insurance requirements

Develop financial methods of managing risk, including application and purchase of multiple insurance programs

Explore optional insurance funding mechanisms as appropriate to the size of the Company to assess risk transfer versus retention capabilities

Maintain insurance policies, attaching additions and endorsements as received

Oversee provision and collection of Certificate of Insurance (COI) process for vendors and other organizations which includes verifying information is accurate and complete, includes the right language and limits, and following up with departments for appropriate contacts

Maintain current knowledge of Company programs/practices and changes in insurance market to ensure adequate coverage protection is offered and to assess the need for new lines of coverage or enhanced endorsements

Review all acquisitions for loss trends, risk control issues and appropriate levels of insurance

Work with internal stakeholders and brokers to create budgets for upcoming operational asset renewals and provide budgets for construction and development projects

Establish, maintain, and lead effective and proactive loss control and risk awareness programs

Provide consultative advice for departments focusing on constructive approaches that encourage mission-related activities while minimizing/mitigating associated risks

Meet with departments to create risk awareness, identify risks, evaluate and assess historical losses/loss trends, and create plans for effective risk mitigation

Assist departments in reviewing contracts, insurance requirements, and releases

Create/initiate/conduct awareness training for various target audiences across the institution including current/new employees, supervisors, department head and others as needed to minimize risk

Manage and oversee business continuity plans, including conducting training, monitoring changes in organizational structure for how this could impact plans

Identify and investigate exposures related to loss or damage to property, income, reputation, and/or personnel

Advise on issues pertaining to Company liability including employment practices, accident and injury history, and property damage claims

Conduct investigations regarding loss control and/or accidents as appropriate

Work collaboratively with department heads and General Counsel as well as external partners to explore and develop new procedures or policies designed to reduce or prevent risk

Actively engage in professional associations and research to monitor risk management and real estate trends to ensure the risk management program is responsive to those changes

Collaborate with colleagues at peer companies to assess new exposures and then facilitate review to assess and address areas of potential concern

Act as liaison with public agencies and facilitate site visits as needed (coordinating with other relevant employees)

Coordinate claims and loss recovery management

Notify carriers of specific named events as required by policies and submit claims as received

In coordination with other departments conduct claims investigations, site visits, and interviews with appropriate parties to ensure all necessary information has been gathered for carriers and to determine appropriate follow up regarding the incident and/or preventative measures that can be taken for the future

Work with General Counsel and Company attorneys on efforts related to defense of and/or settlement of claims or complaints

Semi-annually review all new Workers Compensation (WC) claims with HR and attend to the high dollar WC claims reviews with HR, carrier and broker. Work with HR to determine trends and explore ways to reduce preventable injuries and associated costs

Represent the company in all pre trial activities inclusive of mediations and arbitration

Collaborate on pre-litigation investigations, tenant and construction-related claims, and risk mitigation strategies tied to evolving laws and city/state regulations

Ensure compliance with regulatory requirements, lenders and internal framework

Review and negotiate all lender requirements for operational and development assets, tailoring language to meet internal risk management philosophy

Work with internal partners to make sure that all loan covenants are adhered to

Coordinate with Procurement to ensure all vendors are reviewed and approved based on adequate insurance limits and endorsements

Manages and maintains a roster of drivers authorized to operate Company vehicles and ensure that motor vehicle reports have been processed

Other duties as assigned including but not limited to:

Respond to questions and educate staff regarding risk management processes, policies and procedures

Communicate effectively to the Company community regarding questions, problems, and special needs as they relate to the Company’s insurance and risk program

Work with Finance to ensure that all premiums are coded and paid timely

Qualification

Risk ManagementInsurance ManagementAnalytical SkillsNegotiation SkillsClaims ManagementLoss ControlFinancial AcumenCommunication SkillsCustomer ServiceReal Estate ExperienceCPCU CertificationARM CertificationInterpersonal SkillsTeam CollaborationProblem Solving

Required

A Bachelor's degree

10 years of related work experience in risk management, insurance, and/or related field, preferably within real estate and construction

Must possess excellent negotiation and analytical skills in order to represent the Risk Management office and Company effectively

High commitment to customer service and exceptional interpersonal skills working with employees in responding to the demands of the Company

Excellent oral and written communication skills that will enable the successful candidate to work with Company staff as well as external business and governmental agencies

Demonstrated experience with insurance, finance, legal, loss control, claims management, and risk information system(s)

Chartered Property Casualty Underwriter (CPCU) and/or Associate in Risk Management certification