1 California Street Floor 4, San Francisco, CA 94111
Background: EPIC's client is a real estate investment advisor registered with the U.S. Securities and Exchange Commission ("SEC"). Our client provides investment advisory services to funds and institutional clients on a discretionary and non-discretionary basis. As a wholly owned subsidiary of clients' parent company, our client combines deep market knowledge with capital investment to deliver value for its clients.
Overview: Our client is looking for a Risk Management professional whose objective is two-fold: To ensure our clients' real estate investments are adequately insured through the day-to-day coordination of internal and external teams and to champion and execute operational risk practices throughout the company. The Risk Management Group currently insures core and value add US real estate assets with a total insured value of approximately $15b across various sectors, including residential, retail, industrial, office and storage.
Primary Responsibilities: Developments: Work closely with our client's value add/development teams to underwrite each construction project based on occupancy, TIV, gross square footage, location, exposure, construction detail, project costs, timeline and other project specific subjectivities.Work closely with internal stakeholders, joint venture partners, legal teams and insurance brokers to align risk management strategies with project goals.Manage the procurement and placement of builder's risk, owner's interest liability, OCIP, construction related pollution insurance, professional indemnity and bonds, as necessary.Review project contracts to identify insurance responsibilities of each party (manager/developer/general contractor/others as applicable) and ensure proper coverage, limits, deductibles and terms & conditions.Ensure lender requirements are met.Maintain the Development Project Tracker and follow all ground-up development and expansion projects from commencement to completion.Provide operational premium indications to internal stakeholders.Acquisitions and Dispositions: Work closely with the transactions and engineering teams to underwrite each new property based on occupancy, TIV, gross square footage, location, exposure, construction attributes and risks (e.g. recognized environmental conditions).Provide insurance premium indications and quotes to internal stakeholders by utilizing a proprietary quote workbook.Review all due diligence materials (e.g. loss runs, COI's, PCA's, Phase I's, etc.) and flag any potential issues for the transaction team.Review, assess and communicate any coverage issues/restrictions prior to closing.Gather all necessary COPE data and documentation to roll new assets into our client's blanket insurance programs.Communicate acquisitions and dispositions to insurance brokers.Track and record all transaction activity for quarterly carrier reporting, including invoice tracking and payments.Respond to due diligence requests from prospective buyers.Calculate return premiums for dispositions and provide banking wire instruction to brokers to return unearned premiums at time of sale.Other Responsibilities: Procure and maintain standalone NFIP (National Flood Insurance Program) policies.Procure and maintain Surety and Utility Bonds.Assist with loss prevention efforts.Contract/lease review.COI issuance.Your Skills and Experience: Experience - Minimum of four years with construction insurance placements for commercial real estate. CRIS, CPCU, ARM or other insurance certification is a plus.Leadership - Ability to manage areas of responsibility with holistic awareness of the overall Risk Management team roles and responsibilities.Autonomy - Takes guidance without literal direction.Conflict Resolution - Solution oriented and proactive; enjoys problem solving; can identify root causes and develop creative solutions.Project Management - Organize and manage resources necessary to complete projects.Analysis - Advanced analytical/problem solving acumen; ability to work independently; proficiency with spreadsheets and data organization.Communication - Organized thinker, writer and speaker and engaging personal style.Workload Management - Ability to manage multiple priorities in a fast-paced environment.WHY JOIN EPIC?
Ranked #17 Top 100 Largest U.S. Broker by Business InsuranceAwesome Benefits: 401K matching, Generous Time Off Policy, Flexible Work Options, Medical, Dental, Vision, Pet Insurance, Cancer Insurance, Wellness Programs, Employee Award Programs (Trips!).EPIC embraces diversity in all its various forms—whether it be diversity of thought, background, race, religion, gender, skills or experience. We are committed to fostering a work community where every colleague feels welcomed, valued, respected and heard. It is our belief that diversity drives innovation and that creating an environment where every employee feels included and empowered, helps us to deliver the best outcome to our clients. #LI-LG2
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