What are the responsibilities and job description for the Insurance Risk Manager position at M SHAPIRO REAL ESTATE GROUP?
Position Description:
Key Responsibilities
Claims & Loss Management
Risk Assessment & Strategy
Data Analysis & Reporting
Acquisitions & Due Diligence
Compliance & Governance
Qualifications
Skills & Attributes
Position Overview:
As a member of the corporate finance leadership team, the Insurance & Risk Manager is responsible for overseeing the companys insurance programs and enterprise risk management strategy across M. Shapiro Real Estate Groups diverse portfolio of multifamily, manufactured housing, and commercial properties. This role provides strategic guidance, manages insurance renewals and claims, analyzes risk exposures, and ensures the company is adequately protected against potential financial and operational losses. The Senior Insurance & Risk Manager also serves as the primary liaison with brokers, carriers, and internal stakeholders to ensure proactive and effective management of all insurance and risk-related matters.
Key Responsibilities
Insurance Program Management
- Lead and manage all aspects of the companys insurance portfolio, including property, general liability, workers compensation, auto, umbrella, environmental, professional, and executive liability policies.
- Oversee the annual renewal process gathering data, preparing applications, negotiating coverage, and recommending policy enhancements.
- Manage and maintain the companys insurance documentation database, including policies, certificates, invoices, and endorsements.
- Ensure timely and accurate payment of premiums, allocations, and related expenses in coordination with the Accounting and Treasury teams.
- Monitor insurance compliance for all vendors, contractors, and third-party partners, ensuring that certificates of insurance meet company requirements.
Claims & Loss Management
- Direct and oversee the claims process for all property, casualty, and workers compensation claims.
- Serve as the main point of contact for insurance brokers, adjusters, and legal counsel during claims resolution.
- Conduct trend analysis and develop strategies to reduce the frequency and severity of claims across the portfolio.
- Provide leadership to property management teams on incident reporting, claims procedures, and risk prevention measures.
Risk Assessment & Strategy
- Identify, analyze, and evaluate potential risks that could impact the companys operations or financial stability.
- Develop and maintain a formal risk management framework that aligns with organizational objectives.
- Partner with operations, maintenance, and construction teams to implement preventive and corrective measures that mitigate risk exposures.
- Evaluate the total cost of risk and recommend strategies for optimal risk transfer and retention.
Data Analysis & Reporting
- Analyze claims data, insurance costs, and exposure metrics to identify trends and support strategic decision-making.
- Prepare quarterly and annual insurance and risk management reports for senior leadership and ownership.
- Collaborate with the Accounting department to ensure accurate allocation, accrual, and reporting of all insurance-related financial activity.
Acquisitions & Due Diligence
- Participate in acquisition due diligence by assessing insurance coverage, reviewing historical loss runs, and identifying potential risk exposures for new properties or business ventures.
- Recommend appropriate insurance solutions and coverage levels for new acquisitions and developments.
Compliance & Governance
- Ensure compliance with all applicable insurance, regulatory, and risk management standards.
- Maintain current knowledge of industry trends, legislation, and best practices related to insurance and risk management.
- Provide training and guidance to operational leaders on compliance requirements, claims prevention, and incident reporting.
Qualifications
- Bachelors degree in Risk Management, Finance, Business Administration, or a related field required.
- 8 years of progressive experience in insurance or risk management, preferably within the real estate or property management industry.
- Professional designations such as ARM, CPCU, or CRM strongly preferred.
- Proven experience managing large property and casualty insurance programs and negotiating with brokers and carriers.
- Strong understanding of insurance contracts, claims administration, and risk financing principles.
- Excellent analytical, communication, and leadership skills.
- Proficiency in Microsoft Office Suite and experience with risk management or insurance software platforms.
Skills & Attributes
- Strategic thinker with the ability to translate complex risk concepts into practical business decisions.
- Exceptional organizational skills with a strong attention to detail and accuracy.
- High level of integrity, accountability, and sound judgment.
- Proven ability to build strong relationships across departments and with external partners.
- Self-motivated, process-driven, and committed to continuous improvement and professional growth.