Director Risk and Insurance

Our company remains guided by its experience and ability to create long‑term value in strategically focused markets. We continue to attract the best talent in the industry and remain focused on growing our organization with talented professionals along with our assets. Westminster is stronger than ever, and we stand poised for continued growth with our valued partners. Our mission is to go above and beyond to build thriving communities and exceptional experiences for our residents, guests, tenants, and teams.

Our values represent what we strive to achieve every day. Every decision we have to make is guided by the “4 Be’s”:
Be best in class, Be Solution-Oriented, Be Accountable, Be caring.

The Director of Risk Management is responsible for designing and executing an integrated risk strategy that protects the organization’s people, assets, and financial performance across all business lines—development, construction, investment, and property management. Additionally, they lead a proactive and collaborative approach to risk assessment, management and mitigation, working in partnership with all departments. The position is responsible for approaching risk and loss control matters with a problem‑solving perspective.

The responsibilities encompass a broad perspective across the company that involves the safety of employees and visitors, protection of physical and financial assets, maintenance of reputation, and continuity of operation.

• Manage the company’s insurance program including OCIP, general liability, builder’s risk, property, cyber, D&O, bonds and other insurance programs.
• Manage, negotiate and supervise the marketing and purchasing of insurance for the company, including completing insurance applications, working with brokers, and negotiating policy renewals and inceptions.
• Serve as principal point of contact with various external partners including insurance brokers, carriers, underwriters, claims adjusters, attorneys and other service providers.
• Review insurance coverage for adequacy, research options and fiscal viability (cost/budget analysis), and make recommendations for additional coverage.
• Develop, recommend and maintain best practices and appropriate exceptions, for indemnification, hold harmless requirements and insurance requirements.
• Develop financial methods of managing risk, including application and purchase of multiple insurance programs.
• Explore optional insurance funding mechanisms as appropriate to the size of the company to assess risk transfer versus retention capabilities.
• Maintain insurance policies, attaching additions and endorsements as received.
• Oversee provision and collection of Certificate of Insurance (COI) process for vendors and other organizations which includes verifying information is accurate and complete, includes the right language and limits, and following up with departments for appropriate contacts.
• Maintain current knowledge of company programs/practices and changes in the insurance market to ensure adequate coverage protection is offered and to assess the need for new lines of coverage or enhanced endorsements.
• Review all acquisitions for loss trends, risk control issues and appropriate levels of insurance.
• Work with internal stakeholders and brokers to create budgets for upcoming operational asset renewals and provide budgets for construction and development projects.
• Establish, maintain, and lead effective and proactive loss control and risk awareness programs.
• Provide consultative advice for departments focusing on constructive approaches that encourage mission-related activities while minimizing/mitigating associated risks.
• Meet with departments to create risk awareness, identify risks, evaluate and assess historical losses/loss trends, and create plans for effective risk mitigation.
• Assist departments in reviewing contracts, insurance requirements, and releases.
• Create, initiate, and conduct awareness training for various target audiences across the institution including current/new employees, supervisors, department heads and others as needed to minimize risk.
• Manage and oversee business continuity plans, including conducting…