Corporate Insurance Manager

Morley Builders•Santa Monica, CA

6d•Hybrid

About The Position

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.

Requirements

4-year bachelor’s degree from an accredited educational institution or equivalent industry experience
Relevant professional certifications or designations such as, Associate in Risk Management (ARM), Chartered Property Casualty Underwriter (CPCU)
A minimum of 5 years of experience in commercial insurance management, preferably within the construction industry
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
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

Responsibilities

Contract review to ensure contractual insurance terms are in line with company insurance programs and company’s 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 subcontractor’s 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
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