Risk Management Specialist

Risk Management Specialist / Insurance – Boston, MA

The Risk Management Specialist / Insurance position will be the primary point of contact and subject matter expert for property and liability insurance and risk related issues and topics. The person in this position will take an active role in the annual property and liability insurance renewal process and provide additional support to other insurance programs.

Reports to: Risk Manager

FLSA Status: Exempt

Location: Boston, MA

Essential Functions of the Position

• Manages the master property and liability insurance program consisting of approximately 150 residential apartment communities.
• Assist Risk Manager with builders’ risk insurance and coverage pertaining to real estate acquisition and development transactions.
• Assists Risk Manager with insurance related to dispositions and re-financing transactions.
• Assists Risk Manager with the insurance procurement and renewal process including completing insurance applications, allocation of insurance premiums, schedule of values establishing insurance budgets and other financial analyses.
• Reviews and maintains insurance policies, endorsements and schedules.
• Assists Risk Manager with the development, implementation and maintenance of risk management policies/procedures, manuals, standards, processes, templates and best practices company-wide.
• Reviews and analyses contractual documents (e.g., contracts, loan documents, leases, etc.) to determine appropriate insurance coverage limits, additional insured language and effective dates.
• Issues certificates of insurance (COI) and manages the COI process for company-owned portfolio, third-party managed property owners, commercial tenants and third-party vendors.
• Coordinates insurance carrier inspections and visits.
• Provides subject matter expertise and consultation related to insurance and risk management issues.
• Serves as the liaison with insurance companies, brokers, risk consultants and other entities concerning insurance matters.
• Responds to insurance related questions and requests from internal staff and external stakeholders, including broker, underwriters, consultants and lender partners and agencies.
• Conducts insurance and risk management related trainings and presentations.
• Performs other duties as directed by Risk Manager.

Minimum Qualifications

  Education:

• Bachelor’s degree in risk management, insurance, business, finance or equivalent knowledge or experience.

  Experience:

• Minimum of 5-7 years of insurance, risk management or related experience.
• Advanced proficiency in use of Microsoft Office applications (e.g., Outlook, Word, Excel, PowerPoint, Teams, etc.), Yardi or related software to prepare reports and policies.

  Knowledge, Skills and Abilities:

• Thorough understanding of property and liability insurance and other insurance programs, policy development and best practices of risk management.
• Familiarity with real estate, property management, affordable housing industry preferred.
• Strong leadership skills.
• Excellent verbal and written communication skills.
• Excellent organization, project management skills and attention to detail.
• Excellent mathematical and critical thinking skills.
• Demonstrated problem-solving skills.
• Ability to work effectively, independently and collaboratively in a fast-paced team environment.
• Respond to and effectively prioritize multiple requests for service.
• Self-starter with the ability to manage multiple tasks simultaneously.
• High level of commitment to quality of work product, organizational ethics, integrity and compliance.

  Travel Requirements:

• Minimal travel related to occasional conferences, trainings, team retreats or regional site visits.

  Work Environment:

• The position is conducted in an office work environment, sitting most of the time and using a computer approximately 90% for this position’s duties. Hybrid work schedule

Benefits Offered:

At the core of Beacon Communities is the talent on our teams, and we are committed to taking care of our team members so they can deliver great experiences to our residents. That is why we are proud to provide competitive compensation and comprehensive benefits that support a healthy life for you and your family when you join our team.

As a regular, full time employee at Beacon you can expect:

• Health & Wellness Benefits. We offer plans for quality medical, dental, and vision coverage to all employees regularly scheduled to work a minimum of 24 hours or more per week. HSA/FSA options are also available.
• Work-Life Balance. On top of offering 13 paid holidays per year, we have an attractive paid time off policy that includes vacation days, personal days, sick time, wellness days, summer flex time, volunteer days and early close Fridays.
• Retirement planning. We offer a 401k program with a company match.
• 100% Company-Paid Life Insurance.With affordable options to elect voluntary life, critical illness, hospital care or accidental injury coverage.
• Access to an Employee Assistance Program (EAP),Childcare & Eldercare Support, Career Development and Advancement Opportunities… and more!

Company Overview: 
 

Founded in 2004, Beacon Communities LLC is a privately-owned real estate firm that develops, acquires, invests in, and manages a wide range of multifamily housing. Beacon currently owns and manages approximately 150 properties including affordable housing, market rate housing, and mixed income-housing. Its developments range from new construction, to historic adaptive reuse, to the renovation of existing housing. 

At Beacon, we strive to make a difference in our residents’ lives. We build outstanding communities that make enduring contributions to the vitality of our cities and towns. We create communities that serve a diverse cross section of our society. Our communities are healthy and vibrant. Why? Because they are planned with care, consideration, and compassion.

Beacon Communities LLC is an Equal Opportunity Employer that seeks a diverse pool of candidates. We are committed to a policy of equal employment opportunity without regard to race, color, ancestry, national origin, religion, disability, gender, gender identity, sexual orientation, age, veteran status or other protected class. All qualified applicants are encouraged to apply. Beacon Communities LLC participates in the E-Verify program.