Risk Manager (Insourced), Real Estate & Construction

Working at Lockton 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 locations Washington DC Business unit Northeast Series Salary $125,000-$170,000 Schedule Full-time Job type Standard Workplace Hybrid Your Responsibilities Role 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 and legal team.
The position can be based in the Northeast provided the role will have a hybrid schedule of 2-3 days in the office (Washington D.
C.
or New York).
There will be some domestic travel required between the client’s offices.
About Lockton Northeast: For the Northeast Series, you’ll find our people in the metropolitan areas spanning Washington DC, Philadelphia, New York City, Hartford, Norwalk, Boston, and Portland ME.
With our unmatched work ethic, and an ability to go above and beyond to make a difference for our clients, the Northeast continues to experience double-digit (organic!) growth.
We offer a flexible & hybrid work environment that allows our Associates to split their time between in-person and remote.
Duties and Responsibilities: The Risk Manager will provide direction and oversight of risk management at a corporate and national level.
This person will work with all departments to evaluate current and identify new policies.
This individual will develop, enforce and drive strategy as it pertains to compliance, loss events and will improve internal processes to mitigate future loss and risk.
Duties and responsibilities will include: Manage the construction and development Builder's Risk and Construction General Liability OCIP insurance program for all assets and projects Create, develop, and implement policies and procedures to manage risks, including contract review, document management and defensible destruction Conceptualize and manage risk-avoiding adjustments to current methods of operation to implement policies and procedures and minimize risk exposure Provide insurance renewal summaries and periodic market updates to senior management Review markets to determine competitiveness of the current insurance program while maintaining knowledge of trends in construction and property management insurance industry, including thorough knowledge of insurance products, coverage, and pricing.
Integrate knowledge into existing processes or create new process if needed.
Manage incident reports and claims processes Maintain compliance records related to third party insurance requirements Evaluate contracts to ensure compliance with established standards Oversee the development and maintenance of a contract management platform Develop and deliver risk training and reporting that is tailored for each department, providing methods of accountability for leadership and employees Assess exposure, available coverage and alternatives to develop recommendations for efficient financial risk transfer for construction and first party property risks.
Lead the administration of owner-controlled insurance program Oversee enrollments, contracts, safety, claims, 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.
Assist in internal claim management efforts with owners, staff or subcontractors to include additional oversight of third-party administrators, insurers, adjustors, and legal service providers.
Track financial performance, claims trends, and safety narratives of policy through business reviews with leadership.
Implement risk management practices for the client including in accordance with their established processes for: Business Continuity Management, Emergency Response, Enterprise Risk Management, ESG, Sustainability.
Qualifications Bachelor’s degree in business-related field, or equivalent education and experience 5-10 years of insurance and / or risk management Strong understanding of real estate development, operations and related insurance and risk management practices.
Experience with contract review and negotiation specific to the insurance and indemnity sections of loan documents and other legal agreement.
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 in working directly with legal counsel Working knowledge of all lines of insurance – including policies, coverages and fundamentals Real estate industry experience preferred Excellent analytical, organizational, interpersonal, 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 Benefits: Lockton is committed to advancing diversity and inclusion.
We have a dynamic entrepreneurial culture in which our people are empowered to make a difference to better serve client needs.
We are committed to giving back to our communities and we are invested in your success.
We offer a competitive total rewards package, continuing education & training, and tremendous potential with a growing organization.
The salary of the finalist selected for this role will be set based on a variety of factors, including but not limited to departmental budgets, qualifications, experience, education, licenses, specialty, and training.
The above hiring range represents Lockton’s good faith and reasonable estimate of the range of possible compensation at the time of posting.
Equal Opportunity Statement Lockton 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.
At Lockton, supporting diversity, equity and inclusion is ingrained in our values, and we believe that we are at our best when we fully embrace everyone.
We strive to cultivate a caring culture that learns from, celebrates and thrives because of our breadth of differences.
As such, we recognize that recruiting, developing and retaining people with diverse backgrounds and experiences is vital and enabling our people to thrive personally and professionally is critical to our long-term success.
About Lockton Lockton 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 You At 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.
No Agencies Please Any Employment Agency, person or entity that submits an unsolicited resume to this site does so with the understanding that the applicant's resume will become the property of Lockton Companies, Inc.
Lockton Companies will have the right to hire that applicant at its discretion and without any fee owed to the submitting Employment Agency, person or entity.
Employment Agencies, who have fee Agreements with Lockton Companies must submit applicants to the designated Lockton Companies Employment Coordinator to be eligible for placement fees.