Job Detail

Director of Risk Management and Insurance - Bonaventure Realty Group
Alexandria, Virginia
Posted: Mar 20, 2022 06:10

Job Description

Director Of Risk Management and Insurance

The Director of Risk Management will be responsible for all aspects of the insurance and risk management programs including growing our captive insurance business. This will include evaluating current insurance policies and coverage enhancements, assessing risks, compiling underwriting information and coverage placement, as well as more broadly assisting in the structuring, negotiating, purchasing, and day-to-day management of all aspects of the insurance program, including captive placements, analytics, and assistance with any claims and/or coverage-related disputes.

  • Manages the placement of all insurance policies including construction bonding and subcontractor default policies

  • Evaluates, and initiates new coverages and programs either brokered or within captive

  • Establishes risk appetite and coverage protocols within the BWF Insurance captive insurance program, ensuring the captive is maximizing potential risk adjusted returns

  • Maximizes generation of Float within the captive and evaluates investment opportunities to utilize float effectively for desired risk adjusted returns

  • Maintains bonding relationships and limits

  • Maintain all relevant insurance policies, create summaries of key coverage and limitations for key policies as well as claims reporting protocols for each line of coverage

  • Compile and prepare all relevant company information for brokers and insurers in connection with renewal and marketing of all insurance policies

  • Review and approve insurance/indemnity provisions in contracts for all business units

  • Provide support in identifying areas of risk requiring insurance or advice to mitigate exposures

  • Keep abreast of new insurance products, market conditions and financial strength of insurers

  • Insurance claims handling for all lines of coverage and oversight of any claims adjuster relationships

  • Manage the premium allocation process for the portfolio

  • Establish claims management platform, policies, and procedures

  • Build and maintain working relationships with company brokers, insurers, and other business units within the company

    Skills

  • Bachelor's degree

  • 10 years of relevant experience in the insurance industry preferred

  • Experience evaluating and allocating captive placement opportunities

  • Proactive, always looking to change or improve processes

  • Ability to effectively utilize analytical and critical thinking skills, think creatively and strategically and be -big picture- oriented, while also being appropriately detail oriented and accurate in handling and approving transactions and performing duties

  • Ability to think through and evaluate practical consequences of alternatives and strategies

  • Ability to work effectively with management, think conceptually, and interact with others

  • Ability to offer practical advice and make well-reasoned recommendations to relevant decision makers

  • Ability to keep specialty field of knowledge current and learn and gain experience in new areas of specialization as the Company's needs evolve over time

  • Ability to effectively and proactively manage time, oversee multiple projects concurrently, work under pressure and meet deadlines

  • Highly effective written and verbal communication skills, including ability to sequence concepts logically; gain understanding of complex material; clarify, and clearly and concisely articulate, complex information and concepts in an approachable manner that makes them easily understandable to decision makers

  • Why You Should Choose a Bonaventure Career:

    Our Culture

  • You will succeed through living our Core Values. This is our heartbeat, our focal point to ensure we all remain true to Bonaventure and the long-term vision

    Our Growth

  • Bonaventure has developed, acquired or managed over $3 billion of multifamily assets over the past 20 years and we currently manage over 6,000 multifamily units

    Our People

  • We are a driven team of professionals that like to win

  • We are opportunity and solution focused

    EOS (Entrepreneurial Operating System)

  • Ensures alignment, transparency and clarity about our long-term vision and how we will get there

    Our Core Values:

  • Growth - We create enduring value by continuously moving forward, innovating, and improving.

  • Attitude - We display and motivate others with our positive attitude and driven work ethic.

  • Collaboration - We do our best work when we work together. Every individual is encouraged to contribute because our next great idea can come from anyone.

  • Impact - Our effort produces measurable, meaningful results.

  • Accountability - We take personal ownership for our actions, commitments, and performance.

  • Reputation - Nothing is more important than our reputation.

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Company Overview

Bonaventure Realty Group

Alexandria, Virginia