Corporate Insurance Manager
5 days ago
Santa Monica
Job DescriptionSalary: $110,000 - $140,000 Position Purpose Procure and maintain corporate insurance program, including annual policy renewals and project wrap-up programs. Navigate discussions with brokers and carriers to optimize coverage, pricing, and overall risk transfer approach. Advocate for favorable insurance requirements in contract reviews and ensure insurance program is aligned with contractual requirements. Essential Duties and Responsibilities: • Contract review to ensure contractual insurance terms are in line with company insurance programs and companys risk transfer strategies. This includes project contracts, lease agreements, subcontracts, purchase orders, etc., • Review of insurance policies, including OCIP and Builders Risk coverage lines, to ensure accuracy and contractual compliance, • Maintain insurance policies and request updates when changes occur, • Assist in the development of risk control measures. This may include implementing processes/system applications to ensure that the best and most up-to-date risk management practices are established across the company, • Collaborate with Safety and key stakeholders to evaluate risk exposure and effectively communicate insurance coverage details, • Assist with claims across all lines of coverage, • Manage annual renewal process for insurance policies, ensuring timely updates, and identify potential coverage gap, • Create subcontractors insurance requirements for each project, • Procure certificates of insurance from broker as needed, • Effectively communicate insurance related information and implications of decisions to department leaders and stakeholders, • Field questions from project sites regarding minimizing potential insurance exposure for high-risk activities, • Work closely with the estimating department to ensure accurate insurance costs are included in project bids, • Provide training and resources to staff on insurance policies, risk management practices, and compliance requirements, • Track insurance cost, support project teams and accounting to ensure premiums are being allocated correctly, • Track, review, and enforce subcontractor insurance compliance across multiple projects. Resolve coverage issues with project teams, insurance professionals, and subcontractors, • Mentor, train, and develop direct report Other Job Functions: • Perform other related tasks as assigned, some of which may become essential to the position, • Adhere to all company and departmental safety policies including use of personal protective equipment when necessary Supervisory Requirements: • Supervise, train, and develop Risk Management Associate Interactions: • Executive leadership team, managers and employees at all levels, • Key department heads, • Third party vendors and brokers, • Subcontractors Requirements Education/Training: • 4-year bachelors degree from an accredited educational institution or equivalent industry experience, • A minimum of 5 years of experience in commercial insurance management, preferably within the construction industry Knowledge, Skills and Abilities (KSA's): • Ability to write reports, business correspondence, and procedure manuals, • Property/Casualty insurance knowledge or risk management knowledge, • Proficient with Microsoft Office applications (i.e., Word, Excel and PowerPoint) and ability to learn web- based software applications, • Strong written and verbal communication skills, • Ability to work both independently and collaboratively in a team building environment, • Excellent problem-solving skills, organization, and customer service skills with the ability to handle multiple tasks and exercise sound judgment, • Ability to deal with ambiguity in a dynamic environment Physical Demands: • Ability to sit or stand for extended periods of time, • Intermittent walking to gain access to work areas, • Finger dexterity sufficient to use a computer and to complete paperwork activities, • Vision sufficient to use a computer, to read written materials and to complete paperwork activities, • Hearing sufficient to communicate with individuals by telephone and in person, • Ability to lift up to 25 pounds Work Environment: • Office setting with quiet to moderate noise levels in temperature-controlled environment, • Works in other areas at the facility as needed, • Project jobsites Note: Nothing in this job description restricts managements right to assign or reassign duties and responsibilities to this job at any time. Exact compensation may vary based on geographical market data, individual job-related experience, skills, and education as applicable to the role. The base annual salary for this role is $110,000 - $140,000. Morley Builders is an equal opportunity employer and does not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity and/or expression, status as a veteran, and basis of disability or any other federal, state or local protected class.