The Director of Insurance and Risk Management is responsible for the overall management of the company’s insurance programs.

Responsibilities

• Responsible for directing the purchase of insurance including but not limited to property and casualty, builder’s risk, and management liability, as well as gathering and organizing the required exposure information for RD and RD affiliate businesses
• Allocate premiums for master insurance program to individual properties
• Review binders, policies, and endorsements to ensure accuracy of terms and conditions
• Oversee the handling of all 3^rd party claims, including litigated claims
• Manage/advise on 1^st party insurance claims to maximize recoveries
• Review the insurance provisions of contracts (i.e. tenant leases, loan agreements, construction, vendors, etc.)
• Maintain and develop relationships with insurance brokers, insurers, and other service providers
• Identify and analyze risk exposures; make risk control recommendations to management
• Responsible for the management and issuance of certificates of insurance
• Monitor insurance escrow accounts and pursue reimbursement from lenders as needed
• Manage surety bond program
• Handle workers’ compensation audits for RD affiliate businesses
• Oversee the day-to-day operations of the Risk & Insurance Department, including developing and maintaining departmental policies and procedures
• Main point of contact for insurance and claims related issues for all internal and external stakeholders