Insurance & Risk Mgmt - Property Claims Manager - Atlanta

Job summary

Responsibilities

• Developments
• Work closely with RREEF's value add/development teams to underwrite each construction project based on occupancy, TIV, gross square footage, location, exposure, construction detail, project costs, timeline and other project specific subjectivities
• Evaluate project risks for appropriate risk transfer strategies
• Work closely with RREEF's internal stakeholders, joint venture partners, legal teams and insurance brokers to align risk management strategies with project goals
• Manage the procurement and placement of RREEF's builder's risk, owner's interest liability, OCIP, construction related pollution insurance, professional indemnity and bonds, as necessary
• Review project contracts to identify insurance responsibilities of each party (manager/developer/general contractor/others as applicable) and ensure proper coverage, limits, deductibles and terms & conditions
• Ensure lender requirements are met
• Maintain RREEF's Development Project Tracker and follow all ground-up development and expansion projects from commencement to completion
• Provide operational premium indications to RREEF's internal stakeholders

• Acquisitions And Dispositions
• Work closely with RREEF's transactions and engineering teams to underwrite each new property based on occupancy, TIV, gross square footage, location, exposure, construction attributes and risks (e.g. recognized environmental conditions)
• Provide insurance premium indications and quotes to RREEF's internal stakeholders by utilizing a proprietary quote workbook
• Review all due diligence materials (e.g. loss runs, COI's, PCA's, Phase I's, etc.) and flag any potential issues for RREEF's transaction team
• Review, assess and communicate any coverage issues/restrictions prior to closing
• Gather all necessary COPE data and documentation to roll new assets into RREEF's blanket insurance programs
• Communicate acquisitions and dispositions to insurance RREEF's brokers
• Track and record all transaction activity for quarterly carrier reporting, including invoice tracking and payments
• Respond to due diligence requests from RREEF's prospective buyers
• Calculate return premiums for dispositions and provide banking wire instruction to RREEF's brokers to return unearned premiums at time of sale

• Property Claims
• Review and acknowledge receipt of all property incidents/claims received from RREEF's third party property managers via Riskonnect
• Obtain additional information and documentation, as necessary
• Monitor all claims to ensure proper claim handling
• Serve as a resource for RREEF's property managers to help them navigate the claims process
• Work with RREEF's third party property claims administrator to address any potential coverage issue and maximize coverage under our property policies
• Evaluate coverage correspondence and respond accordingly; loop in RREEF's insurance broker as necessary
• Identify claim trends and communicate to RREEF's internal stakeholders accordingly
• Participate in quarterly claim reviews
• Maintain Riskonnect claim files in real-time and document all activity
• Manage relationships with RREEF's approved emergency response vendors

• Other Responsibilities
• Review and assist in negotiating contracts, including JV agreements, leases, access agreements, vendor contracts, loans and construction agreements
• Provide support to RREEF's asset managers, joint venture partners, lenders, property managers, leasing agents, buyers, sellers, and internal and external counsel with insurance-related requests and questions
• COI issuance

Job description