Manager, Risk Management

Responsibilities

Related Companies, a privately owned real estate owner, operator, and developer, is seeking a Risk Manager within Corporate Risk Management. Under the direction of the Senior Vice President, the Risk Manager will support the risk management program for the company’s real estate portfolios and corporate operations. The role partners with business units, brokers, underwriters, and claims personnel to identify exposures to loss and drive risk management strategies that protect the company’s assets and operations.

Responsibilities

• Manage and administer multiple insurance programs for the firm’s real estate portfolios and corporate operations, including obtaining quotes and negotiating policy terms and conditions.
• Perform asset acquisition due diligence, identifying and analyzing significant risk management and insurance issues, compiling required underwriting data, and making appropriate recommendations.
• Review loan agreements and other legal documents to evaluate risk-related provisions, ensuring competitiveness and compliance with insurance and risk management policies.
• Build and maintain strong relationships with, and manage services provided by, insurers, brokers, and other service providers necessary to the management of the risk management programs.
• Provide consultation and technical advice on insurance and risk management issues to business units; liaise with internal and external stakeholders, including partners, lenders, and asset and property managers.
• Support budgets, forecasts, financial reports, premium allocations, premium audits, and retrospective premium calculations.
• Respond to requests for evidence of insurance and other documentation for acquisitions, loans, third-party investors, or joint venture partners.
• Maintain annual records of, and analyze, the insurance provided by joint venture partners for compliance with applicable agreements.
• Support internal communication and strategies related to program recommendations and risk management initiatives.
• Support the execution of the firm’s business continuity and catastrophe response strategies.
• Maintain and update asset and policy information within the risk management information system; analyze data and produce reports for internal review and to support insurance submissions.
• Perform other risk management duties as assigned.

Qualifications

• 8+ years of experience in commercial risk management, including managing risk for complex real estate portfolios.
• Working knowledge of property, casualty, and environmental insurance programs.
• Experience reviewing insurance requirements in loan agreements, leases and joint venture agreements.
• Proficiency with a risk management information system (RMIS) and Microsoft Excel.
• Associate in Risk Management (ARM) designation preferred.
• Ability to analyze complex problems involving varying viewpoints and develop viable solutions.
• Strong project management skills, including the ability to adapt to changing project needs, communicate clearly, drive results, manage multiple priorities, and meet deadlines.
• Demonstrated interpersonal skills and the ability to work effectively with stakeholders at all levels of the organization.
• Excellent written and verbal communication skills.

Compensation

The anticipated base salary range for this position is listed below. In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives and a comprehensive benefits package.

Anticipated base salary range: $160,000-180,000 Actual base salary within the anticipated range will be determined by several components including but not limited to the individual's experience, skills, qualifications, and market factors.

Overview

Company Overview

Formed in 1972, Related is the most prominent privately-owned real estate firm in the United States. Headquartered in New York City, the company has offices and major developments across the world. Related owns and manages a premier portfolio of assets valued at over $100 billion, including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side.

Related believes in investing in its talent and cultivates a positive, team-oriented environment where every voice is valued. Employees are encouraged to boldly take on new challenges, transcend the status quo, and demonstrate strong entrepreneurial spirit. In its relentless commitment to excellence, Related works to foster an innovative approach in its team members so that they can positively impact the communities in which they conduct business. Learn more about Related at www.related.com.

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