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Requirements and responsibilities
About the company:The company we are looking for specializes in products for retail stores, wholesale, and distribution partners.Role Overview ~ Senior Risk ManagerPosition SummaryThe Senior Risk Manager will lead the design, implementation, and administration of the Company's insurance and risk financing strategy for a growing multi-state commercial real estate portfolio.The role will oversee: traditional insurance programs, self-insurance initiatives, captive insurance formation activities, claims administration, lender insurance compliance, and reinsurance coordination.The position will serve as the internal coordinator among: insurance brokers, captive managers, actuaries, reinsurers, legal counsel, auditors, lenders, and company operations teams.The position is expected to evolve into a leadership role within the Company's future captive insurance operations.Core ResponsibilitiesInsurance Program ManagementManage all commercial insurance programs.Coordinate annual renewals.Review policy terms and conditions.Monitor premium trends and market conditions.Evaluate coverage gaps and opportunities.Captive Formation SupportCoordinate captive feasibility studies.Assist with data collection and underwriting submissions.Manage actuarial and reserve studies.Coordinate domicile applications.Support licensing and regulatory filings.Assist with capitalization planning.Claims ManagementOversee all property and liability claims.Monitor claim development.Coordinate with TPAs and adjusters.Review reserve adequacy.Identify claim trends.Self-Insurance and Retention AnalysisAnalyze historical loss data.Evaluate deductible strategies.Recommend retention levels.Monitor self-insured reserves.Reinsurance CoordinationAssist in designing reinsurance structures.Coordinate annual renewals.Monitor catastrophe exposures.Review reinsurance recoverables.Property Exposure ManagementMaintain:Statement of Values (SOV)Total Insured Values (TIV)COPE datacatastrophe modeling informationLender ComplianceMonitor insurance requirements.Coordinate lender certificates.Manage mortgagee schedules.Ensure policy compliance.Reporting ResponsibilitiesPrepare quarterly reporting, including:Insurance DashboardTotal premiumsClaims activityLoss ratiosReserve developmentDeductible utilizationCaptive DashboardCaptive surplusCombined ratioRetention levelsReinsurance utilizationReturn on capitalMinimum QualificationsExperience7+ years in commercial insurance, risk management, or underwriting.3+ years managing property and casualty insurance programs.Preferred ExperienceExperience with: commercial real estate portfolios, retail centers, industrial assets, mixed-use projects, multi-state operations.Highly Preferred ExperienceCaptive insurance programs.Self-insurance structures.Alternative risk financing.Reinsurance placements.Catastrophe modeling.EducationRequired:Bachelor's degree in:Risk ManagementFinanceAccountingInsuranceBusiness AdministrationPreferred:MBAMS Risk ManagementInsurance specializationProfessional DesignationsStrongly Preferred: CPCU, ARM, CRMValuable: ARe, CIC, RIMS-CRMP, CPATechnical SkillsThe ideal candidate should possess working knowledge of:Insurance LinesCommercial PropertyGeneral LiabilityUmbrellaEnvironmentalInland MarineCyberWorkers CompensationAnalytical SkillsLoss runsClaims trianglesDeductible analysisReserve analysisPremium allocationCatastrophe exposure modelingSoftware SkillsExcel modelingInsurance management systemsRMIS platformsPower BI or Tableau preferredPersonal CharacteristicsThe ideal candidate should be:Highly analyticalDetail orientedComfortable with financial modelingAble to negotiate with brokers and carriersStrong project managerComfortable interacting with lenders and regulatorsOther Details:Experience: 7+ yearsLocation: Remote from PakistanTimings: US Time ZoneAbout HR Ways HR Ways is an award-winning Technical Recruitment Firm helping software houses and IT Product companies internationally and locally to find IT Talent. HR Ways is engaged by 300+ Employers worldwide, ranging from the world's biggest SaaS Companies to the most competitive Startups. We have entities in Dubai, Canada, the US, UK, Pakistan, India, Saudi Arabia, Portugal, Brazil, and other parts of the world. Join our WhatsApp Channel https://whatsapp.com/channel/0029VamSiLr5fM5fMtAdCS2M to stay updated, or visit www.hrways.co to know more.