Senior Director, Construction Risk Management

About Greystar

Greystar is a leading, fully integrated global real estate company offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing, logistics, and life sciences sectors. Headquartered in Charleston, South Carolina, Greystar manages and operates more than $315 billion of real estate in 250 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, manages more than 1,000,000 units/beds globally, and has a robust institutional investment management platform comprised of more than $78 billion of assets under management, including over $36 billion of development assets. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business. To learn more, visit www.greystar.com.

Job Description Summary

The Sr Director, Regional Risk Management, will develop, execute, and administer the insurance risk strategy for Greystar’s Development and Construction projects within a specific region. The role will oversee and coordinate the company’s insurance placement and administration, and partner with Loss Control and Claims Management. The role will also have program line oversight for a specific coverage, such as General Liability, Subcontractor Default Insurance, or Builders Risk.

Job Description

KEY RESPONSIBILITIES:

• Track pipeline pursuits to set strategy and pricing for all projects within your region. Manage the process to ensure that all project are properly protected with competitive pricing per the deadlines required by internal stakeholders and project starts.
• Manage and have overall responsibility insurance quote requests, COIs, administration, extensions and closeouts for pursuits and projects in your region. Utilize the Greystar process for tracking indication requests, policy placements, extensions, and closeouts.
• Enhance Greystar’s process, data, and reporting through our RMIS, Origami. Integrate risk data with other systems to create timely reports for operations.
• Maintain strong partnerships with Development and Construction teams to facilitate communication on upcoming project needs. Responsiveness is critical to success.
• Maintain a continuous collaboration with internal stakeholders for a clear understanding of evolving risk. Proactively identify trends, develop strategic plans, recommend solutions, implement risk reduction/ transfer methodologies to mitigate future losses, and present management findings as necessary.
• Maintain a strong relationship with insurance broker partners to ensure the efficiency of insurance program administration functions, program invoicing, policy issuance, and certificate of insurance requests.
• Review contracts for Development and Construction, both upstream and downstream, including consulting agreements and contractor agreements. Propose changes, explain and negotiate the wording to best protect Greystar and limit liability.
• Assist in OCIP administration for the region as needed, including COI exception requests and monthly monitoring calls.
• Manage the marketing, renewal, and administration of a specific coverage program, such as OCIP, SDI, or Builders Risk. Act as the Subject Matter Expert for Greystar for the assigned line of coverage.
• Manage any modifications or nuances related to the assigned line of coverage. Work with the broker closely on coverage and claim questions. Develop service standards to evaluate the brokers performance on this line.
  
  

BASIC KNOWLEDGE & QUALIFICATIONS:

• Minimum 15 years of Construction Risk Management experience. Experience in Multi-Family Real Estate and Construction is preferred.
• Bachelor's degree in the field of Risk Management, Insurance, Engineering, Accounting, or Finance.
• ARM, CPCU, CRM certification preferred
• Extensive knowledge and understanding of construction coverage, policy forms, wordings, insurance market dynamics, and conditions.
• Ability to align insurance risk with business objectives and goals.
• Strong communication and presentation skills.
• Ability to work effectively and collaboratively within a team and build partnerships with internal and external stakeholders.
• High level of commitment to quality work product and organizational ethics, integrity, and compliance.
• Ability to prioritize and balance a variety of tasks.
• Ability to perform in a fast-paced environment and display strong organization and communication skills.
• Proficient in designing and producing high-quality reports and presentations.
  
  

Additional Compensation:

• Corporate Positions: In addition to the base salary, this role may be eligible to participate in an annual bonus program based on individual and company performance.
• Onsite Property Positions: In addition to the base salary, this role may be eligible to participate in weekly, monthly, and/or quarterly bonus programs.
  
  

Robust Benefits Offered*:

• Competitive Medical, Dental, Vision, and Disability & Life insurance benefits. Low (free basic) employee Medical costs for employee-only coverage; costs discounted after 3 and 5 years of service.
• Generous Paid Time off. All new hires start with 15 days of vacation, 4 personal days, 10 sick days, and 10 paid holidays. Plus your birthday off after 1 year of service! Additional vacation accrued with tenure.
• For onsite team members, onsite housing discount at Greystar-managed communities are available subject to discount and unit availability.
• 6-Week Paid Sabbatical after 10 years of service (and every 5 years thereafter).
• 401(k) with Company Match up to 6% of pay after 6 months of service.
• Paid Parental Leave and lifetime Fertility Benefit reimbursement up to $10,000 (includes adoption or surrogacy).
• Employee Assistance Program.
• Critical Illness, Accident, Hospital Indemnity, Pet Insurance and Legal Plans.
• Charitable giving program and benefits.
• Benefits offered for full-time employees. For Union and Prevailing Wage roles, compensation and benefits may vary from the listed information above due to Collective Bargaining Agreements and/or local governing authority.
  
  

Greystar will consider for employment qualified applicants with arrest and conviction records.