Director of Risk Management

Description

The Beach Company is looking for a Director of Risk Management at its corporate headquarters located in Charleston, SC. Reporting to the Senior Vice President, General Counsel, the Director of Risk Management will be undertaking responsibility for overseeing the Company’s risk management strategies, policies, and procedures with respect to its daily operations and its overall real estate portfolio. The overall objective of the Director of Risk Management is to prioritize the safety of the Company’s employees and the protection of its assets through the efficient use of various risk mitigation measures, along with the careful and efficient use of insurance policies and other similar measures to protect the Company from financial losses.

This role supports The Beach Company’s strategic objectives by fostering a culture of safety and compliance through training and awareness programs. Further, the Director of Risk Management will collaborate with the Executive Team and other departments in an effort to align the Company’s goals and objectives with its approach to risk management, while providing current insight and reporting as to various risk factors applicable to the Company, facilitating informed decision-making.

Requirements

Job Duties and Responsibilities

• Conduct reviews and or site assessments to identify and mitigate vulnerabilities and potential risks across the Company’s portfolio, including the evaluation of physical risks (e.g., fire, flood, named storms, etc.), operational risks and legal/compliance risks.
• Manage and oversee the Company’s insurance programs, including policy review, gap analysis, negotiation, adjustment, renewal and claims management, all in partnership with the Company’s various insurance brokers and other consultants.
• Serve as an intermediary between the Company and the various stakeholders involved in the insurance process, ensuring seamless coordination and reporting between colleagues, brokers, carriers, lenders, equity partners, vendors and others during all stages of the insurance process.
• Review loan agreements, lease agreements, partnership agreements, contracts and other documents to ensure alignment between insurance and other risk transfer provisions set forth therein and the Company’s existing policies and/or requirements.
• Assist development and acquisition personnel in the project due diligence process, including assistance with the evaluation and pricing of insurance coverage and the assessment of potential physical and/or operational risks.
• Develop, recommend and implement internal policies and procedures with a focus on risk mitigation, including safety protocols, operational procedures, risk transfer practices and other risk mitigation measures, thereafter adjusting the same as needed to maximize effectiveness.
• Work with Human Resources to implement training programs for staff that raise awareness about risks and promote a culture of safety.
• Monitor and prepare reports on risk exposures and the results of risk management and mitigation activities (including an assessment of ongoing claims data), and provide recommendations to the Executive Team on risk mitigation strategies.
• Review and assess accident/incident reports, compiling findings and recommendations for corrective actions (if any) into a summary report.
• Assess emerging risks in the market or regulatory landscape.
• Develop, implement and oversee protocols designed to ensure compliance with local, state, and federal regulations.
• Oversee all business continuity and crisis management programs and processes, including the development, maintenance and implementation of the Company’s business resilience and disaster recovery plans.
• Partner with the Executive Team and other personnel in an effort to formulate effective long-term risk management and mitigation strategies that drive tangible results for the Company and its affiliated entities.
• Travel as needed to proactively inspect and assess assets across the Company’s portfolio, and in response to natural disasters, accidents, criminal activity, or other loss events affecting one or more assets.
• Other tasks assigned by senior management from time to time.
  
  

Required Education And Experience

• Bachelor’s degree in business administration, finance, risk management, or another related field;
• Minimum of 10 years’ experience in the property and liability insurance coverage industry, either in a risk management or brokerage capacity, ideally with a strong real estate focus.
• The following certifications are preferred but not required:
• RIMS-CRMP (Risk and Insurance Management Society - Certified Risk Management Professional);
• CPCU (Chartered Property Casualty Underwriter), ARM (Associate in Risk Management), and/or other similar insurance designations.
  
  

Required Skills And Abilities

• Familiarity and working knowledge of the insurance industry, including the ability to analyze and assess the strengths and weaknesses of various policies and types of coverage, and the impact of exclusions thereto (experience with claims administration (particularly property and liability) is a plus);
• Ability to work with others in a collaborative environment;
• Ability to analyze and assess insurance requirements and risk transfer provisions (e.g., indemnification clauses) in leases, partnership agreements, loan agreements, construction contracts, and other contracts and agreements;
• Excellent analytical, project management, and problem-solving skills;
• Proficiency with Microsoft Word, Excel and Outlook;
• Superior communication skills and ability to be responsive to the needs of all stakeholders, whether internal or external; and
• Ability to work under extreme time constraints, manage efficiently, and perform multiple projects simultaneously.
  
  

Benefits Available To The Director Of Risk Management

• Two medical plan options
• Dental, Vision, Disability, Life, Identity, Theft, and More!
• 401K with maximum company match
• Generous Vacation and PTO
• Employee development opportunities and tuition assistance
• Paid Parental Leave
• Commensurate compensation