Vice President, Insurance & Risk

Built on a foundation of integrity, respect, and commitment, JPI stands out as one of the most active real estate developers and builders in the nation. For more than 35 years, JPI has designed and developed communities with best-in-class homes and amenities. JPI is committed to data-driven management and continuous improvement. Its team of experts utilizes data - including unparalleled market research, proven business processes, and proprietary models - to ensure that every decision is strategic, focused, and produces exceptional multifamily communities with the best risk-adjusted returns. More than just great communities, JPI is focused on leaving a lasting impact on the communities where we build and is continually committed to "Building What Matters." JPI operates as a subsidiary of Sumitomo Forestry, which is recognized as one of the largest home builders in the United States.

Essential Functions & Responsibilities

Strategic Risk Management & Cost Control

• Own the P&L for insurance-related costs, developing strategies to reduce expenses while ensuring comprehensive risk coverage.

• Analyze and restructure insurance spending, implementing cost-control strategies such as self-insurance, deductibles, and alternative risk financing.

• Develop innovative, scalable risk management frameworks aligned with JPI's strategic geographic growth and evolving project pipeline.

• Lead efforts to quantify, model, and mitigate financial, operational, regulatory, and reputational risks.

• Collaborate with finance and leadership teams to optimize capital allocation for risk financing and captive premiums, ensuring effective use of internal reserves vs. external insurance.

Corporate & Project Insurance Oversight

• Manage all corporate insurance policies, including general liability, D&O, property, cyber, umbrella, auto, and workers' compensation.

• Oversee construction insurance programs, including GL Controlled Insurance Programs (CCIP), Builder's Risk, and subcontractor insurance compliance, and all stabilized and corporate programs.

• Negotiate and optimize policy terms, coverage limits, and cost structures with brokers and insurers to reduce premium expenses.

• Work with development, acquisitions, and asset management teams to structure insurance solutions for new and existing projects.

• Ensure timely policy renewals and modifications to reflect changing risk exposures.

• Review insurance contract language and oversee contract insurance compliance, ensuring that vendors, contractors, and subcontractors adhere to required coverages, including retention of COIs.

• Manage and maintain all bonding and surety needs for the company's development and construction matters.

• Maintain data repository for all existing and pre-existing policies.

Captive Insurance Program Development & Expansion

• Lead the creation, management, and expansion of JPI's captive insurance entity to drive premium savings and increased risk control.

• Develop a business model for captive insurance, including financial forecasting, regulatory compliance, and risk allocation strategies.

• Manage P&L, loss reserves, and financial performance of the captive insurance program, ensuring alignment with JPI's risk tolerance, market conditions and business objectives.

• Explore opportunities for self-insurance across multiple coverage lines to reduce external reliance on traditional carriers.

• Partner with actuaries, legal teams, and finance executives to develop underwriting criteria and pricing models for the captive.

Claims Management & Risk Analytics

• Oversee all claims processing, investigations, and settlements, ensuring timely and cost-effective resolutions.

• Develop predictive analytics models to track loss trends, reduce claims frequency, and improve risk forecasting.

• Implement claims reporting dashboards to monitor performance metrics, loss ratios, and financial exposure.

• Manage vendor relationships with adjusters, third-party administrators (TPAs), and legal teams to drive favorable claims outcomes.

• Collaborate with internal stakeholders to develop risk prevention programs that reduce claim frequency and severity.

Enterprise Risk Management (ERM) & Regulatory Compliance

• Develop and maintain an enterprise risk management (ERM) framework to regularly assess and mitigate operational, financial, and regulatory risks, in close collaboration with the company's operational leadership team.

• Conduct risk audits, loss exposure analyses, and business impact assessments to ensure JPI's resilience against financial shocks.

• Ensure compliance with all federal, state, and local insurance regulations, including those related to property, construction, and employment liabilities.

• Prepare and present risk reports, claims summaries, and financial impact analyses to executive leadership and board members.

• Establish internal insurance governance policies that align with JPI's risk tolerance and financial objectives.

Collaboration with HR & Employee Benefits Optimization

• Collaborate with HR to optimize employee benefits insurance, including health, life, and disability programs.

• Analyze claims data and cost drivers in benefits-related insurance policies, developing strategies to lower employer expenses while maintaining competitive benefits.

• Collaborate with brokers and HR teams to evaluate coverage structures, premium costs, and alternative funding solutions for benefits insurance.

Non-Essential Functions & Responsibilities

• Other duties as assigned.

Education, Work Experience, & Physical Requirements

• Bachelor's degree in Risk Management, Finance, Business Administration, or a related field (MBA preferred).

• Professional designations preferred: CPCU, ARM, CRM, or equivalent risk/insurance certifications.

• 10 years in risk management, insurance, or financial oversight, preferably in real estate, construction, or asset management.

Key Performance Indicators (KPIs):

• Premium savings and cost reductions are achieved through policy restructuring, captive insurance, and alternative risk financing.

• P&L performance of JPI's captive insurance program, including profitability, loss ratios, and financial reserves.

• Claims management efficiency, measured by loss ratios, claim settlement time, and cost savings on claims payouts.

• Risk exposure reduction, measured by key risk indicators (KRIs) across projects and corporate operations.

• Operational efficiency in insurance processes, including vendor management, claims reporting, and policy administration.

We are a People First culture, and seek team members who are hungry, humble, and people smart with an eye to continuous improvement. Our culture begins with people and our goal is to attract, retain, and grow the best talent in the industry. Through ongoing investment in the development of our people, we provide meaningful opportunities for professional success and fulfillment. Led by values and principle-based leadership, our team approaches every project with responsibility, accountability, and integrity.

• NMHC - #1 Fastest Growing Developer; #2 Fastest Growing Building; #8 Largest National Developer; # 11 Largest National Builder

• Real Page - Most active multifamily developer in DFW for the past 8 years

• Dallas Business Journal Best Places to Work - 2023

• Dallas Business Journal - Largest DFW Real Estate Developers - #11

JPI offers associates a comprehensive benefits package with competitive salaries and more including:

• Competitive Bonus Program

• 4 Weeks PTO for All New Associates (Pro-Rated by Hire Date)

• 11 Holidays and 8 Early Release Days

• Medical, Dental, Vision and Life Insurance

• 401(k) with Company Match (Up to 5% Match)

• Health Savings Account

• Flexible Spending Accounts (Dependent & Medical Reimbursement)

• Paid Parental Leave

• Paid Volunteer Time

• Tuition Assistance

• Phone Reimbursement

• Associate Referral Bonuses