Insurance and Risk Management Director directs the development and optimization of an organization's overall insurance program to manage and minimize risk and costs. Defines strategic objectives and policies to ensure effective insurance coverage for the organization and to develop risk financing budgeting. Being an Insurance and Risk Management Director implements processes that identify risk exposure and classify, measure, and manage insurable risks. Develops the appropriate mix of insurance coverage for the organization and negotiate policy pricing and terms with vendors. Additionally, Insurance and Risk Management Director requires a bachelor's degree. Typically reports to senior management. The Insurance and Risk Management Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. To be an Insurance and Risk Management Director typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. (Copyright 2024 Salary.com)
Job Summary:
The Insurance and Risk Management Coordinator works with the Director of Financial Operations and ownership to cover foreseeable company risk, insurance (including worker’s compensation). This position also manages coverages of all other entity assets, including, but not limited to Ball Realty, RML Construction, related multi-family properties, and any other concern of ownership.
Reports to: The Director of Financial Operations; Ownership
Duties/Responsibilities:
· Drafts risk reports for ownership analysis.
· Facilitates risk management and insurance programs to minimize risks and losses.
· Bids general liability, workers compensation and other risk-related and property insurance.
· Ensures that all general liability, property, and workers compensation coverage is current, that all areas of the company have coverage, and that the company is fully compliant with all insurance policy requirements.
· Manages all insurance claims from start to finish.
· Is the point-of-contact for all insurance-related communication.
· Maintains records to ensure vendors/sub-contractors have current workers compensation insurance.
· Communicates with vendors/sub-contractors when insurance is expiring to request updated certificate of insurance and sends regular emails to check on the status of coverage.
· Prepares and submits builders risk insurance reports on a monthly basis.
· Performs other duties as assigned.
Required Skills/Abilities:
· Excellent management skills.
· Excellent verbal and written communication skills.
· Ability to use sound judgment to make decisions in line with company goals.
· Ability to work independently.
Education and Experience:
· A bachelor’s degree in environmental health and safety or a related field
· At least five years of related work experience required.
Physical Requirements:
· Prolonged periods sitting at a desk and working on a computer.
· Must be able work outside and to walk safely on uneven terrain.
· Must be able to lift up to 20 pounds at times.
· May be required to travel on occasion.
Job Type: Full-time
Pay: From $60,000.00 per year
Benefits:
Schedule:
Experience:
Ability to Commute:
Work Location: In person