Senior Risk Manager at Church of Jesus Christ of Latter-day Saints

Overview

The Sr. Risk Manager provides expertise in insurance & risk management; loss prevention; claims management and other key risk management activities, for a significant real estate investment portfolio of commercial, residential and land properties, overseen by a large team of professional investment managers, specializing in asset management, construction, transactions, and supporting functions.

About The Company

Responsibilities

Insurance & Risk Management

• Advising: Responsible for advising and assisting senior management in incorporating risk management and insurance principles and practices in business operations and agreements while ensuring the risk management policies and strategies are in compliance with applicable regulations, contracts, and Federal/State laws. Oversee development of tools, practices, and policies to analyze and report to management regarding the status of enterprise risk.

• Insurance Purchase and Management: Manage all aspects of the Company’s insurance plans and programs (property, casualty, builder’s risk, environmental, workers compensation, etc.). Prepare insurance applications, evaluate quotes and recommend coverages, premiums, and limits. Obtain insurance cost estimates to assist in underwriting potential property acquisitions. Oversee the development of portfolio and property specific insurance renewal budgets and manage the budget for risk management operational needs. Work directly with brokers and underwriters for new and existing insurance coverage within the United States and internationally. Oversee issuance and renewal of certificates of insurance where utilized.

• Policies & Best Practices: Develop, implement, and promote insurance and risk management-related policies, procedures, and guidelines to create a comprehensive approach to identifying, prioritizing, and mitigating risks that could impact business objectives.

Loss Prevention

• Develop and maintain loss control programs and advise operating units on implementation, considering type of property, geographical location, and claims history. Suggest risk mitigation strategies that are cost-effective. Utilize insurer loss prevention resources.

Claims Management

• Claims: Manage all aspects of claims including receipt and review of all accident/incident reports. Report claims/incidents to the appropriate insurance carriers and claims adjusters. Effectively leverage third party administrators in adjusting claims and monitor their performance. File claims with responsible parties and negotiate settlements with insurers of tenants, vendors, and contractors. Manage and refine the claims reporting process with a focus on efficiency.

• Litigation: Coordinate closely with legal counsel for proper determination of liability and resolution of litigated claims in multi-state environment. Manage subrogation efforts and legal costs.

Requirements

• Member of the Church of Jesus Christ of Latter-day Saints and currently temple worthy

• Bachelor's degree in risk management and insurance, law, business, or related fields; advanced degree(s) and professional designation(s) a plus.

• More than fifteen years of experience in one or more of the following areas: risk management, insurance, legal, and/or business management. Experience with risk management of investment properties strongly preferred

• Significant understanding of the design and administration of insurance programs to mitigate property, casualty, builder’s risk and environmental risk; experience with insurance policy pricing and renewals

• Experience with the design and administration of loss control programs, risk management policies, procedures, and training programs

• Proven history overseeing claims management programs/working effectively with third party claims adjusters, and evaluating insurance and indemnification provisions in legal agreements

• Experience negotiating insurance, liability and indemnification provisions of various agreement types, including joint development agreements, property management agreements, and complex commercial contracts

• Experience overseeing litigation matters and coordinating the work of outside litigation legal counsel preferred

• Experience with construction insurance, performance and payment bonds, and subcontractor default insurance

• Experience with creation and execution of Enterprise Risk Management programs. Proficiency in use of RMIS a plus

• Exceptional analytical skills, organizational skills and attention to detail with proven history of taking initiative and driving projects forward

• Excellent skills in MS Outlook, PowerPoint, Excel and Word

PR/IP