What are the responsibilities and job description for the Manager of Insurance & Risk position at Turnberry?
POSITION SUMMARY
The Manager of Insurance Risk will assist in managing Turnberry's Insurance Policy Programs, helping to safeguard organizational objectives by ensuring effective management of hazard risks (typically insurable risks) and working closely with key internal risk stakeholders. Responsibilities include preparing reports, assisting with risk insurance analysis, supporting corporate risk management, tracking renewals and payments, reviewing alternative risk structures, and communicating risks that impact Turnberry’s business. The Manager of Insurance and Risk will also contribute to maintaining the company's safety and security.
The role requires proficiency in administering Insurance Programs and supporting the handling of tort claims and recoveries on behalf of the company.
RESPONSIBILITIES:
- Serve as a liaison to insurance brokers, maintaining relationships and staying updated on market conditions and developments in the insurance industry.
- Coordinate with brokers and internal teams to gather required underwriting data for the placement of Turnberry’s insurance policies.
- Assist in identifying, measuring, and managing insurance coverage (Property, Liability, Workers Compensation, Business Auto, Builders Risk, EPLI, Fiduciary, Crime, Inland Marine, and Cyber) necessary for asset protection and compliance.
- Assist with identifying gaps in insurance coverage and gathering quotes for management and ownership review.
- Monitor market conditions and trends regarding new and innovative insurance products relevant to the corporation’s operations.
- Support the control of insurance costs and provide pricing comparisons for management when binding major coverages.
- Assist with annual budgeting of insurance premiums and claim settlements.
- Financial Analysis in regards to insurance rates, coverages, risk exposure, and claims
- Support corporate safety initiatives by administering safety recommendations, reducing hazards based on claim trends, and participating in safety walkthroughs.
- Assist with corporate crisis plans and provide recommendations to the committee for necessary implementations.
- Provide general support in adjusting and settling third-party liability claims within policy deductibles and prosecuting first-party claims to ensure proper indemnification and restoration of assets.
- Liaise with third-party claims adjusters and counsel to ensure timely reporting and resolution of claims.
- Support the insurance compliance program for tenants and vendors and procure compliant certificates of insurance.
- Reporting of coverages and estimates to ownership, including partners.
- Assist with reviewing contracts for insurance compliance, ensuring accuracy, and negotiating contractual insurance terms.
- Maintain coordination of insurance matters with executive management and ownership.
- Perform other duties as assigned.
QUALIFICATIONS:
- 3-7 years of relatable experience required.
- Bachelor’s degree in Business, Insurance, or a related field preferred.
- Knowledge of Property and Casualty Lines of Coverage, Principles of Tort, and Damages.
- Excellent communication and relationship management skills.
- Ability to interact with various levels of the organization.
- Strong attention to detail.
- Financial and legal analysis related to insurance coverages.
