Director of Risk Management and Insurance

Location: Woodbury, NY

Salary Range: $175-200,000 Executive benefit and Bonus

Our Client, a global construction Giant seeks a Senior Risk Manager to manage their US Subsidiary located on Long Island

Responsibilities

• Identify, manage and reduce professional liability, property, and casualty risk involving multiple locations and potential acquisitions.
• Focus on risk assessments and contract review
• Evaluate ongoing business needs within current business structures to determine additional coverage or modification of current coverage to better protect assets
• Oversee the placement of Owner’s Interest Liability and Builder’s Risk policies for new construction.
• Evaluate policies of prospective general contractors to ensure proper coverage and exclusions do not impact the scope of work.
• Working with brokers and consultants to ensure competitive premium savings upon renewal
• Make recommendations as to which contractors are approved or are not recommended to perform work.
• Provide risk management insight on vendor and lender agreements in accordance with insurance and indemnity clauses within contracts to ensure proper risk transfer
• Negotiate insurance provisions to ensure requests are reasonable and within risk tolerance.
• Conduct annual insurance review to assess current market conditions, its effect on current pricing levels, upcoming renewals and obstacles if any to Partners and CFO.
• Support accounting and budgeting activities associated with insurance premiums and other departmental costs.
• Manage all incident reports and insurance claims and associated legal matters to maximize property insurance recoveries and minimize liability losses.
• Respond to questions from brokers, claims representatives, and property managers regarding claims or lawsuits.
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• Qualifications
• Professional who is a solution-focused team player capable of advising and supporting Management
• Minimum 10 years Risk Management or Brokerage experience
• Comprehensive knowledge of Coverage
• Excellent communication and relationship skills
• High level organization and process consistency
• Bachelor’s degree or higher, preferably with area of study in Business, Finance, or Risk Management. CRM, ARM or CPCU designation is beneficial.
• Proficiency in all Microsoft office applications (Excel, Word, Outlook, Adobe)