Vice President of Risk Management & Capital Improvements

Summary / Objective:  A leading provider of affordable housing is seeking an experienced Vice President of Risk Management & Capital Improvements to oversee risk management strategies and capital improvement planning across a growing portfolio. This critical leadership role will focus on identifying, analyzing, and mitigating operational risks, managing claims, ensuring compliance, and leading large-scale capital improvement initiatives. Reporting directly to the Chief Operating Officer, the Director will work closely with legal, compliance, operations, and finance teams to support organizational excellence and mission-driven goals.

Essential Functions / Responsibilities:

Risk Management:

• Oversee the purchase and management of insurance programs, claims handling, loss control activities, and relationships with third-party providers (brokers, insurers, TPAs).
• Prepare loss analyses, budgets, and exposure assessments; recommend and implement approved risk mitigation strategies.
• Maintain and update compliance procedures related to insurance and risk management.
• Lead all claims-related activities to ensure efficient and cost-effective resolutions.
• Collect and analyze claims data for reporting and forecasting purposes.
• Implement post-loss initiatives such as salvage, subrogation, and rehabilitation.
• Conduct regular risk assessments, property inspections, and ensure compliance with OSHA, HUD, Fair Housing, and other regulatory guidelines.

Capital Improvements:

• Develop and implement long-term strategic capital improvement plans in alignment with organizational goals.
• Manage all phases of capital improvement projects, including scope development, budgeting, vendor selection, contracting, and construction management.
• Maintain accountability for multimillion-dollar capital budgets, ensuring efficiency, cost control, and asset value preservation.
• Ensure compliance with federal, state, and local regulations governing affordable housing projects.
• Build and sustain relationships with vendors, general contractors, architects, engineers, and consultants.

Leadership & Collaboration:

• Lead, mentor, and develop a high-performing team of project managers and construction professionals.
• Serve as the primary point of contact for internal and external stakeholders, providing project updates, risk assessments, and performance reports.
• Identify and implement process improvements and innovative technologies to optimize project delivery and operational workflows.

Requirements

• Bachelor’s degree in Risk Management, Insurance, Business Administration, Construction Management, or a related field.
• At least 7 years of experience in risk management, property management, capital improvements, or insurance within real estate or affordable housing sectors.
• Expertise in property insurance, claims processes, and loss mitigation strategies.
• Strong working knowledge of affordable housing regulations, including LIHTC, HUD, Fair Housing, and construction safety standards.
• Excellent analytical, leadership, and communication skills.
• Proficiency with project and risk management software such as Procore, Bluebeam, MS Project, and Primavera.

Benefits

• 100% employer-paid medical insurance for employees
• Voluntary dental and vision insurance options
• Bonus eligibility
• 401(K) with company match
• Generous Paid Time Off (PTO) and 12 paid company holidays
• Commuter benefits
• Voluntary short-term disability, long-term disability, life insurance, accident, critical illness, and hospital indemnity insurance options
• Employee Assistance Program (EAP)
• Employee Referral Program