Senior Risk Manager - Norwalk Connecticut

Company: Lockton Companies
Location: Norwalk, Connecticut
Posted On: 11/14/2024

At Lockton, we're passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented and always striving to make ourselves and those around us better. We're active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here.Secondary locationsWashington DCBusiness unitNortheast Series$175,000-$235,000ScheduleFull-timeJob typeStandardWorkplaceHybridYour ResponsibilitiesRole Overview:We are seeking an experienced and motivated individual to join Lockton as an Insourced Risk Manager for a large private equity real estate client. In this role, the Risk Manager will be employed by Lockton within the Private Equity Real Estate (PERE) team however will be dedicated to the client as part of the client's insourced risk management team. This person will report to the client's internal risk management team. This position necessitates working from Lockton's offices in New York, Boston, or Washington D.C. There will be some domestic travel required between the client's offices.Duties and Responsibilities:

• Support the procurement and negotiation of Builder's Risk and Liability insurance programs for all development projects
• Create, develop, and implement policies and procedures to manage risks, including contract review and negotiation, document management, and policy placement
• Conceptualize and manage adjustments to current methods of operation to implement policies and procedures and minimize risk
• Review markets to determine competitiveness of the current insurance programs while maintaining knowledge of trends in construction and development insurance industry, including thorough knowledge of insurance products, coverage, and pricing. Integrate knowledge into existing processes or create new process if needed.
• Maintain compliance records related to third party insurance requirements
• Evaluate and negotiate contracts to ensure compliance with established standards
• Oversee enrollments, contracts, and all related compliance matters.
• Coordinate, analyze, and understand terms and conditions associated with proposed construction and management projects, insurable risks and potential risk mitigation opportunities
• Educate and assist operational groups to ensure coordination between project activities, exposures, and appropriate insurance coverage.
• Implement risk management practices for the client in accordance with their established processes for: Business Continuity Management, Emergency Response, Enterprise Risk Management, ESG, Sustainability.Qualifications
  • Bachelor's degree in a business-related field, or equivalent education and experience
  • Minimum 10 years insurance and / or risk management experience in the Real Estate development industry
  • Strong understanding of real estate development and related insurance and risk management practices.
  • Direct experience with contract review and negotiation specific to the insurance and indemnity sections of construction contracts, joint venture agreements, loan documents, and other legal agreements.
  • The ability to provide guidance on insurance requirements to the executive teams, counsel, asset managers, clients, and business partners.
  • General knowledge of legal and compliance; experience working directly with legal counsel
  • 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 organizationsEqual Opportunity StatementLockton Companies is proud to provide everyone an equal opportunity to grow and advance. We are committed to an inclusive culture and environment where our people, clients and communities are treated with respect and dignity.About LocktonLockton is the largest privately held independent insurance brokerage in the world. Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities. As such, our 10,000+ Associates doing business in over 100 countries are empowered to do what's right every day.At Lockton, we believe in the power of all people. You belong at Lockton.How We Will Support YouAt Lockton, we empower you to be true to yourself in all that you do. Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it.We are ready to meet you where you are today, and as your needs change over time. In addition to industry-leading health insurance, we offer additional options to support your overall health and wellbeing.
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