What are the responsibilities and job description for the Risk Engineer position at Host Hotels & Resorts, Inc.?

SUMMARY OF POSITION

The newly created Risk Engineer position will play a pivotal role in developing, implementing and monitoring comprehensive loss control engineering strategies to proactively mitigate risks and manage property losses across the entire portfolio. The responsibilities will encompass various facets of risk management including using resources, technologies, and data analytics to identify trends for loss prevention and mitigation, property loss management, and adjustment of property losses within the Host captive program. This position will manage contractual relationships with mitigation and restoration contractors, oversee insurance and loss control engineering inspections, and support the annual property insurance renewal process. This role will serve as an internal steward collaborating with executive leadership, department heads, and external partners to ensure effective communication, training, and implementation of best practices that will safeguard our assets and optimize cost efficiency.

KEY RESPONSIBILITIES

Develop Loss Control Strategies :

Collaborate with the Enterprise Analytics (EA) team on risk management data analytics to identify trends and areas for improvement.
Provide recommendations on capital expenditures and procedural enhancements to address climate change-related risks while addressing the human behavioral element of risk.
Communicate and provide guidance to property level Director of Engineering (DOE), Director of Loss Prevention, and General Manager (GM) on Host Hotels & Resorts loss control best practices.
Review brand best practices to develop guidance that maintains consistency and strives for excellence in loss control measures.

Manage Property Losses :

Provide leadership and direction on a loss-by-loss basis to minimize expense and business interruption.

Determine the need to engage consultants and project managers to evaluate losses and develop thoughtful and cost-effective mitigation and reconstruction scopes of work.

Adjust Property Losses within Host's Captive :

Conduct inspections for losses generally exceeding $250,000 or those deemed complicated.

Manage losses within the CHAMPION platform, including contractor assignments, invoice approval, budget, and closeout documentation.

Review the reasonableness of loss scopes and ensure adherence to restoration contractor pricing when reviewing invoices.

Manage Relationship with First Response Contractors (FRCs) :

Negotiate contracts and rates with FRCs to ensure cost-effective partnerships. Evaluate non-traditional FRCs and approaches in certain markets.

Establish and monitor performance metrics to evaluate the effectiveness of FRCs.

Review invoices from FRCs to verify accuracy and adherence to contractual agreements.

Manage Insurance and Loss Control Inspections :

Coordinate general liability loss control surveys, property loss control engineering surveys, electrical infrared inspections, boiler inspections, and fire & life safety system impairments.

Review above listed reports with a focus on recommendations. Make risk-based determinations on what should be implemented, recommend capital and operational budget expenditures and partner with operations and asset management to implement and follow-thru.

Renewal Data Collection :

Review and assess COPE (Construction, Occupancy, Protection, Exposure) data to inform insurance renewal processes.

Develop a process to keep COPE data current.

Review UST data and other environmental reports to ensure compliance with regulatory requirements.

EDUCATION / EXPERIENCE

Bachelor's degree in business administration, Risk Management, Engineering, or related field.

At least five years of experience in loss control management, preferably in a corporate setting.

REQUIRED SKILLS

Strong analytical skills with the ability to interpret complex data and trends.

Excellent communication and negotiation skills.

Proficiency in project management and ability to multitask effectively.

Knowledge of insurance principles and regulations is desirable.

It is the policy of Host Hotels & Resorts to provide equal employment opportunity (EEO) to all persons regardless of race, color, religion, national origin, gender, age, sexual orientation, gender identity, gender expression, ancestry, genetic information, disability, marital status, or veteran status, or any other characteristic protected by federal, state or local law. In addition, Host will provide reasonable accommodations for qualified individuals with disabilities.

Salary : $250,000

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