Job Description
POSITION: VP, Insurance & Risk COMPENSATION: EXEMPT/SALARIED REPORTS TO: CHIEF FINANCIAL OFFICER (CFO) SUMMARY: The VP of Risk and Insurance is a strategic leadership role responsible for protecting the organization’s assets, employees, and profitability through sophisticated risk financing and insurance programs. You will oversee a complex portfolio focusing heavily on Property & Casualty, Workers' Compensation, and specialized Property Management liabilities. You will be the architect of our insurance strategy, ensuring our coverage scales at the same velocity as our portfolio acquisitions. The salary range for this role is $190,000 to $220,000 plus potential bonus and other MIP incentive compensation. ESSENTIAL RESPONSIBILITIES (including but not limited to): Insurance Strategy & Brokerage Management Program Design: Architect and manage the annual renewal of all corporate and property-level insurance programs (Property, GL, D&O, E&O, Cyber, Umbrella). Broker Relations: Lead the relationship with external brokers and carriers to ensure highly competitive pricing, optimal coverage terms, and innovative risk-transfer solutions. Master Policy Oversight: Maintain and optimize a Master Insurance Program for a multi-state residential/commercial portfolio, ensuring seamless onboarding of new acquisitions. Workers’ Compensation & Safety Experience Mod Management: Proactively manage the Workers’ Comp program across all states to drive down the E-Mod factor through safety initiatives and aggressive return-to-work programs. Claims Advocacy: Oversee the claims management process for high-value claims, working with TPAs (Third Party Administrators) to ensure reserves are accurate and files are closed efficiently. Property Management Specialization Tenant Insurance Programs: Oversight of tenant liability and Renter’s Insurance programs to mitigate property-level exposure. Contractual Risk Transfer: Partner with the Legal and Transitions teams to review vendor contracts, management agreements, and leases to ensure appropriate indemnification and insurance requirements are in place. Enterprise Risk Management (ERM) Risk Identification: Lead the organization in identifying emerging risks (e.g., climate risk, regulatory changes, or cyber-attacks) and develop mitigation strategies. Crisis Management: Act as a key member of the executive crisis response team, providing the "Risk Lens" during natural disasters, significant property losses, or litigation. Technology & Data Analytics Risk Management Information Systems (RMIS): Implement and oversee an RMIS to track loss trends, loss runs, and exposure data. Predictive Analytics: Use historical loss data to forecast future losses and advise the CFO on self-insured retention (SIR) levels or captive insurance feasibility. DESIRED QUALIFICATIONS / SKILLS Experience: 12-15+ years in Risk Management or Commercial Insurance, ideally within the Real Estate or Property Management industry. Education: Bachelor’s degree in Finance, Risk Management, or Law. MBA or Juris Doctor (JD) is a plus. Certifications: ARM (Associate in Risk Management), CPCU (Chartered Property Casualty Underwriter), or CRM (Certified Risk Manager). Negotiation Mastery: Proven ability to navigate the London or domestic markets to secure complex multi-layered property placements. Financial Acumen: Deep understanding of actuarial reports, loss triangles, and the impact of insurance premiums on property-level NOI (Net Operating Income). WORK ENVIRONMENT / PHYSICAL DEMANDS: The work environment characteristics described here are representative of those a Team Member encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Incumbents work in an office environment, but also have frequent exposure to outside elements where temperature, weather, odors, and/or landscape may be unpleasant and/or hazardous. The physical demands described here are representative of those that must be met by a Team Member to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the Team Member is regularly required to use hands to finger, type, handle, or feel and talk or hear. The Team Member is frequently required to stand; walk; reach with hands and arms, and stoop, or squat. The Team Member is often required to sit. The Team Member must be able to push, pull, lift, carry, or maneuver office products and supplies of up to twenty (20) pounds. Specific vision abilities required by this job i