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The Construction Risk Manager supports risk management programs by collaborating with development teams and underwriters to minimize loss impact on company assets. Key duties include managing insurance placements, reviewing construction contracts, and overseeing claim administration and premium allocations.
Requirements
Requires an undergraduate degree and 5-7 years of experience in risk management, brokerage, underwriting, or claims. Preferred certifications include CRIS, ARM, or CPCU, along with a strong understanding of Builders Risk and Professional Liability coverages.
Full job description
Responsibilities
The Construction Risk Manager will support the Company’s risk management programs for construction and development operations. This role will collaborate with development teams, brokers and underwriters, safety and claim personnel to identify exposures to loss and develop state-of-the art risk management techniques to eliminate or minimize the impact of such loss on the company’s assets and operations. This position will report to the Senior Vice President of Construction Risk and will be based in our New York office.
Be key risk management resource for internal development and construction teams
Placement and maintenance of insurance exposures including collecting, compiling and analyzing underwriting and claims data
Maintain program documentation for Controlled Insurance Programs
Prepare analysis of brokers’ marketing efforts and multiple quotations
Maintain named insured and additional insured schedules for all policies
Develop detailed policy summaries for dissemination to lenders, tenants, and other third parties
Review and analyze insurance documentation provided by contractors, joint venture partners and others for compliance with applicable agreements and/or adequacy
Contract review as necessary or requested by management including reviewing leases, construction contracts and other contracts to ensure insurance provisions adequately protect the Company’s interest
Maintain system of tracking detailed policy information for all policies and all years
Oversee upstream and downstream certificates of insurance including document tracking
Support claim administration including coordinating with claim personnel to generate loss history and claim summary reports as required for underwriting purposes
Assist in the coding, processing and dissemination of invoices to business units and verify timely payment
Perform premium allocations for shared/blanket policies
Prepare insurance cost projections and quarterly updates for proposed development projects and coordinate insurer audits for end of term premium adjustments
Day-to-day troubleshooting and additional ad hoc requests as needed
Qualifications
Undergraduate degree required
A minimum of 5 - 7 years of relevant experience within risk management, brokerage, underwriting or claims management.
Good understanding of mechanics of Controlled Insurance programs, Builders Risk, Pollution and Professional Liability coverages
Construction Risk Insurance Specialist (CRIS), Associate in Risk Management (ARM), and Chartered Property Casualty Underwriter (CPCU) designations preferred
Ideal candidate is a highly self-motivated person who thrives in a dynamic work environment and demonstrates a flexible and adaptable work style that responds quickly
Takes ownership for decisions and is accountable for actions regardless of the outcome
Superior organizational skills
A mature professional with excellent judgment and interpersonal skills
Compensation
The anticipated base salary range for this position is listed below. In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives and a comprehensive benefits package.
Anticipated base salary range: $125,000 - $160,000 with a target bonus of 10%-20%
Actual base salary within the anticipated range will be determined by several components including, but not limited to, the individual's experience, skills, qualifications, and market factors.
Overview
Formed in 1972, Related is one of the most prominent privately-owned real estate firms in the United States. Headquartered in New York City, the company has offices and major developments across the world. Related owns and manages a premier portfolio of assets valued at over $100 billion, including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side.
Related believes in investing in its talent and cultivates a positive, team-oriented environment where every voice is valued. Employees are encouraged to boldly take on new challenges, transcend the status quo, and demonstrate strong entrepreneurial spirit. In its relentless commitment to excellence, Related works to foster an innovative approach in its team members so that they can positively impact the communities in which they conduct business. Learn more about Related at www.related.com.
For information about how we use your personal information, including information submitted for career opportunities, please review our Privacy Policy at Privacy Policy | Related.
Related Management Company (RMC) is A subsidiary of Related Companies, a leading owner and operator of real estate, managing a $60+ billion portfolio of premier residential and commercial properties across the U.S.
With more than 13,000 luxury rentals, 5,500 condominiums, and over 30 million square feet of commercial space, we’re known for delivering exceptional service, innovative technology, and thoughtfully maintained communities.
At RMC, we don’t just manage where people live and work — we create places they’re proud to call home.
Offices: 423 W 55th St, New York, NY 10019, US
Real Estate DevelopmentCommercial Real Estateand Portfolio Management
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