TSIB - Insurance Manager

Division: TSIB - Risk Services

Project Location(s): Saddle Brook, NJ 07663 USA

Minimum Years

Experience:

8

Travel Involved: 0-10%

Job Type: Regular

Job Classification: Experienced

Job Family: Insurance and Claims

Compensation: Salaried Exempt

Manage insurance and surety programs and provide guidance and solutions to commercial construction clients. Lead problem solving for insurance solutions with teams and clients to ensure compliance with client's project and program insurance and surety requirements.

• Apply consultative approach to manage client insurance and surety programs. Oversee placement and management of active programs and termination of programs, including associated costs.
• Build trusted partnerships and maintain relationships with clients to ensure client satisfaction of inquiries, problems, and requests related to client insurance programs.
• Act as regional subject matter expert of insurance and surety programs, procedures, and practices.
• Manage lines of commercial insurance relevant to Stratus's clients including but not limited to:
  • Commercial General Liability
  • Builders Risk
  • Workers Compensation
  • Professional Liability
  • Contractor's Pollution Liability
  • Commercial Automobile Liability
  • Contractor Controlled Insurance Program (CCIP)
  • Owner Controlled Insurance Program (OCIP)
• Leverage internal teams, project resources, and clients to review, evaluate, and draft appropriate contract language compliant with client's insurance protocols.
• Collaborate with client leadership in promotion and placement of clients' insurance programs to enhance new business development opportunities and implement best in class risk management practices.
• In partnership with Business Development, review, evaluate and draft responses of insurance sections of Response for Proposals (RFP), Request for Quotes (RFQ), and Statement of Qualifications (SOQ) for clients.
• Manage and/or conduct analysis, review, and approval of standard contract insurance placement. Present recommendations and/or support team's presentation of analysis to client.
• Work in collaboration with internal resources to strategize on insurance and surety solutions for large, complex, and/or atypical projects not included with client's standard programs.
• Manage communication processes to deliver and resolve sensitive and confidential client information with diverse stakeholders.
• Demonstrate lean leadership and evaluate processes for continuous improvement opportunities to increase responsiveness to business needs and consistency and efficiency within team; establish and share best practices across team.
• Leverage historical data from prior projects to identify risk factors and create impact analysis summaries to assist client in project tracking and premium projections.
• Develop new and/or leverage existing training materials to train various target audiences on insurance programs including Corporate, Contractor Controlled Insurance Program (CCIP), Owner Controlled Insurance Program (OCIP), Builders' Risk, and Subcontractor Default Insurance (SDI).
• Mentor and manage team of Insurance Analysts and Insurance Coordinators, oversee respective tasks and deliverables and nurture career development goals.
• Participate in hiring process, onboard and deliver timely performance feedback for direct reports, execute/contribute to performance appraisals during annual performance cycle, utilize talent management systems, and identify appropriate training to help with development needs.
• Participate in industry events, represent company, and set standards as industry leader.
• Other activities, duties, and responsibilities as assigned.

NY & NJ Salary Ranges: $,000 (depending on experience)

CT Salary Ranges: $,000 (depending on experience)

• Minimum of 8 years of insurance or business-related experience required with Bachelor's Degree from accredited degree program in Business, Insurance, Risk Management or relevant field, or equivalent combination of education, training, and experience
• Possess current and active professional designation such as ARM, CRIS or other relevant designation
• Possess or willing to attain and maintain state insurance consultancy license such as Insurance Advisor License, Insurance Consultant License, Broker-Agent License, Agent License, Producer License, or Certified Insurance Consultant License - depending on the state you reside and work
• Familiar with State and local jurisdiction insurance and claims regulations
• Construction industry or related risk management experience, highly preferred
• Advanced technical knowledge of contracts, commercial insurance policies, surety products, and risk management principles
• Excellent comprehension of commercial insurance and coverages as applicable to construction and construction related industries, including but not limited to:
  • General Liability (Bodily Injury, Property Damage, Construction Defect)
  • Builders Risk (Client Programs, Owner Programs)
  • Workers' Compensation
  • Wrap Up Programs (Contractor…