Risk Manager - Insurance and Claims Management

OVERVIEW:

This is an exciting and UNIQUE opportunity to be a fully dedicated Risk Management resource to DWS Group / RREEF America LLC (“RREEF”) via EPIC.  RREEF is a real estate investment advisor registered with the U.S. Securities and Exchange Commission (“SEC”).  RREEF provides investment advisory services to funds and institutional clients on a discretionary and non-discretionary basis. As a wholly owned subsidiary of DWS Group, RREEF combines deep market knowledge with capital investment to deliver value for its clients.

 

JOB OVERVIEW:

Summary: Reporting to RREEF’s Head of Risk Management, this role focuses on property claims and development insurance placement oversight. The objective of the role is two‐fold: To ensure RREEF's clients' real estate investments are adequately insured through the day‐to‐day coordination of internal and external teams, and to champion and execute operational risk practices. The Risk Management Group currently insures core and core-plus US real estate assets with a total insured value of approximately $13b across various sectors, including residential, retail, industrial, office and storage. The role will 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; manage the procurement and placement of builder’s risk, owner’s interest liability, OCIP, construction related pollution insurance, professional indemnity and bonds, as necessary; and 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.

 

LOCATION: HYBRID - This role ideally will work 3 days a week from one of the following RREEF offices: Chicago IL, Dallas TX, New York City NY, or San Francisco CA. 

 

WHAT WE’RE LOOKING FOR:

• REQUIRED: Experience working with construction-related insurance coverages, such as builder's risk, owner’s interest, OCIP's,  and CCIP's. This role will use construction risk management knowledge to speak to and review contracts and speak directly with third parties - such as general contractors, joint venture partners, lenders and other entities involved in the construction. 
• Candidates eager to take their commercial insurance expertise of construction &/or real estate development risks and exposures to work directly for a client and the client's best interests.
• Candidates with a strong sense of urgency, who can pivot and adapt to changing priorities as needed, while still maintaining high attention to detail and quality of work.
• The ideal candidate will be a strong communicator (both verbal and written) and comfortable working directly with clients to problem-solve and provide consultative services.

 

WHAT YOU’LL DO:

A detailed list of job duties includes (but is not limited to):

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 sq