What are the responsibilities and job description for the Risk Management Associate position at Universe Living?
The Risk Management Associate plays a pivotal role in identifying, analyzing, and mitigating risks associated with investment and property management operations in the multi-family real estate sector. This position requires a detail-oriented professional with a strong understanding of risk management principles, insurance policies, regulatory compliance, and operational risk within the real estate industry.
Key Responsibilities
Risk Assessment and Mitigation:
Education:
Key Responsibilities
Risk Assessment and Mitigation:
- Conduct regular risk assessments across properties and investment portfolios to identify potential operational, financial, and compliance risks.
- Develop and implement strategies to minimize risks and ensure alignment with company goals.
- Collaborate with property managers to mitigate property-specific risks, such as tenant safety and building compliance.
- Assist in the review, selection, and management of insurance policies, including property, liability, and workers' compensation.
- Track insurance claims, coordinate with insurance providers, and maintain comprehensive records.
- Ensure all properties maintain adequate and appropriate coverage.
- Compliance and Regulatory Oversight:
- Monitor compliance with federal, state, and local laws, including fair housing regulations, environmental standards, and building codes.
- Stay updated on industry regulations and best practices to advise the company on necessary adjustments.
- Analyze incident reports and insurance claim data to identify trends and recommend preventive measures.
- Prepare and present detailed risk analysis reports to management.
- Stakeholder Collaboration:
- Partner with cross-functional teams, including finance, operations, and legal, to ensure seamless risk management processes.
- Educate employees and stakeholders about risk awareness and mitigation strategies.
Education:
- Bachelor’s degree in Risk Management, Business Administration, Finance, or a related field.
- 2-4 years of experience in risk management, preferably within the real estate or investment sectors.
- Familiarity with multi-family property management is highly preferred.
- Strong analytical and problem-solving abilities.
- Proficiency in risk assessment tools and software.
- Excellent organizational and multitasking skills.
- Effective written and verbal communication skills.
- Knowledge of insurance policies and claims processes.
- Familiarity with real estate compliance and regulatory requirements.
- Salary Disclaimer: