<p>About Lockton Northeast</p> <p>For the Northeast Series, you'll find our people in the metropolitan areas spanning Washington DC, Philadelphia, New York City, Hartford, Norwalk, Boston, and Portland ME. With our unmatched work ethic, and an ability to go above and beyond to make a difference for our clients, the Northeast continues to experience double-digit (organic!) growth.</p> <p>We offer a flexible & hybrid work environment that allows our Associates to split their time between in-person and remote.</p> <p>Position Overview</p> <p>We are seeking an experienced and motivated individual to join Lockton as an Insourced Risk Manager for a large private equity real estate client. In this role, the Risk Manager will be employed by Lockton within the Private Equity Real Estate (PERE) team; however, will be dedicated to the client as part of the client's insourced risk management team. This person will report to the client's internal risk management team.</p> <p>This position necessitates working from Lockton's offices in Chicago, New York, Boston, or Washington D.C. There will be some domestic travel required between the client's offices.</p> <p>Core Responsibilities</p> <p>The Risk Manager will provide direction and oversight of risk management at a corporate and national level for development and operational assets. This person will work within an existing insourced risk management team on both developmental projects and stabilized properties. This individual will drive strategy to enforce compliance and improve internal processes to mitigate future loss and risk. Duties and responsibilities will include:</p> <ul> <li>Oversee all master and asset-level insurance programs including renewal cycles for property, liability, environmental, and other specialty insurance coverages. </li><li>Create, develop, and implement policies and procedures to minimize risks, including contract review and negotiation, document management, and policy placement. </li><li>Conduct property-level and portfolio level risk assessments, identifying exposures related to natural hazards, operational risks, tenant issues, financing, and compliance. </li><li>Analyze partners' and managers' insurance programs, including creating comparison documents and making recommendations to enhance insurance programs. </li><li>Maintain compliance records related to third party insurance requirements (policies, certificates of insurance, and coverage summaries). </li><li>Evaluate and negotiate contracts to ensure compliance with established standards including property management agreements, joint venture agreements, leases, and loan agreements </li><li>Educate and assist operational groups to ensure coordination between project activities, exposures, and appropriate insurance coverage, including in-person seminars and online webinars. </li><li>Lead and manage all insurance claims for operational assets including property damage, casualty events, and other. </li><li>Build and maintain strong relationships with JV partners, lender consultants, and internal and external counsel. </li><li>Implement risk management practices for the client in accordance with their established processes for: Business Continuity Management, Emergency Response, Enterprise Risk Management, ESG, Sustainability. </li></ul>