What are the responsibilities and job description for the Risk Associate position at Benderson Development?
Job Details
Description
Key Responsibilities
Description
Key Responsibilities
- Assist with the preparation, maintenance, marketing, and updates of insurance data and reports needed for commercial real estate insurance renewals, audits, and inspections.
- Assist with completion of insurance applications and document gathering as part of insurance procurement and underwriting processes, including property data, construction details, and loss history.
- Collaborate with insurance brokers, carriers, and industry professionals on renewal strategies to achieve optimum outcomes for the real estate portfolio.
- Assist with maintenance and analysis of the organization’s schedule of insurance (SOI), including binders and policies, to ensure data integrity and support renewal strategy across properties and assets.
- Assist with identification and mitigation of risks and risk trends impacting the portfolio, including property damage, liability exposures, tenant operations, and construction-related risks.
- Assist with preparation of risk reports, Total Cost of Risk (TCOR) analyses, and financial reports tied to real estate assets and operations.
- Collaborate and assist internal team members and external stakeholders with insurance-related inquiries.
- Support vendor and tenant onboarding processes to ensure insurance compliance obligations are met, including certificates of insurance (COIs), lease requirements, and contractual risk transfer provisions.
- Assist with organizational safety, loss prevention, and compliance initiatives across the property portfolio, including tracking required actions for insurance renewals.
- Contribute toward a proactive, risk-focused team environment by collaborating cross-functionally on real estate risk and insurance topics.
- Perform any additional risk and insurance tasks, as needed.
- Bachelor’s degree in Risk Management, Finance, Business Administration, Real Estate, or a related field.
- 3–5 years of experience in insurance, risk management, or commercial real estate operations.
- Basic understanding of commercial property and casualty insurance (property, general liability, umbrella/excess, builder’s risk).
- Familiarity with leases, vendor agreements, and insurance compliance requirements in a real estate environment.
- Strong analytical, organizational, and communication skills.
- Proficiency in Microsoft Excel and data/reporting tools.
- Exposure to a diverse commercial real estate portfolio (e.g., retail, office, industrial, mixed-use, development projects, and hotels).
- Interaction with brokers, insurers, property managers, asset managers, tenants, vendors, and lenders.
- Involvement in insurance programs supporting acquisitions, development, and ongoing operations.
- Fast-paced environment aligned with renewal cycles, audits, and portfolio activity.