What are the responsibilities and job description for the Real Estate Insurance Coordinator position at L+M Development Partners LLC?
Areas of Responsibility:
- Managing 3rd party administrators’ insurance compliance for LMDP, LMBG, LMXD, LMFD and C&C to confirm processes, reports and presentation lead for monthly meetings.
- Review retail leases and license agreements to ensure compliance with insurance requirements via review of certificates of insurance and manage insurance certificate renewals.
- Review insurance policies and initial/sample for completeness and work with L Ms broker and carrier to coordinate subcontractor insurance reviews and comply with L M’s insurance requirements. This includes making sure coverage enhancements and no harmful exclusions are included on the insurance policies.
- Maintain logs for tracking status of policies and certificate collection across projects and issues weekly.
- Review insurance certificates and contracts to confirm compliance with internal or external insurance requirements.
- Coordinate internally across various departments, development, preconstruction/construction, retail, accounting, and legal to resolve issues pertaining to reviewing and approving insurance for subcontractors, subconsultants, and vendors.
- Coordinate externally with insurance brokers, subcontractors, vendors, and subconsultants to collect policies and certificates, and work through issues until resolved.
- Effectively communicate with business partners within the company (builders, construction, development, property management, accounting, retail leasing, and asset management) as well as outside the company (subcontractors, development partners, vendors, various types of consultants, and insurance brokers / underwriters).
- Works under general supervision and relies on experience and judgment to perform the functions of the job. Escalation process followed where appropriate.
- Must be able to communicate effectively both in written and verbal communications.
- Must be able to follow a process, collect documents within a designated timeframe, and escalate issues to the appropriate parties on a timely basis.
- Must work well on a team and independently.
- Maintain positive attitude and takes a proactive approach to job responsibilities.
- Demonstrate willingness to learn.
- Demonstrate dedication to L M staff and clients.
- Prior experience working for a construction company and familiarity with construction terminology is useful.
- Prior experience with underwriting and claims is useful.
- Proficient in MS Suite (MS Word, Power Point, Outlook and MS Excel) are required.
- Procore, DocuSign, SafetyNet (Salesforce), Intacct Timberline and Timberscan are recommended.
- Associates or bachelor’s degree is required or equivalent work experience.
- Construction Risk and Insurance Specialist (CRIS) certification is recommended.
- 1 years in the insurance industry or its educational equivalent
Salary : $44
