Senior Director, Construction Risk Management

ABOUT GREYSTAR

Greystar is a leading, fully integrated global real estate platform offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing. Headquartered in Charleston, South Carolina, Greystar manages and operates over $300 billion of real estate in more than 250 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, managing over 1,000,000 units/beds globally. Across its platforms, Greystar has nearly $79 billion of assets under management, including over $35 billion of development assets and over $30 billion of regulatory assets under management. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business. To learn more, visit www.greystar.com.

JOB DESCRIPTION SUMMARY

The Senior Director Construction, Risk Management is a strategic leader of Greystar’s Development and Construction risk and insurance department. This role is critical in ensuring that construction projects are conducted with minimal financial and operational risks, providing protection through effective insurance strategies and risk management practices.

JOB DESCRIPTION

1.     Risk Assessment and Analysis:

·        Conduct comprehensive risk assessments for construction projects, considering various factors such as project scope, location, regulatory requirements, and environmental considerations.

·        Analyze potential risks related to construction activities, third-party liabilities, and other factors that may impact the project.

2.     Insurance Program Development:

·        Design and implement insurance programs tailored to specific construction projects and organizational needs.

·        Management and optimization of the OCIP

·        Strategic utilization of Greystar’s captive insurance program.

·        Collaborate with insurance brokers to negotiate favorable terms, coverage, and premiums for construction-related insurance policies.

3.     Claims Management:

·        Oversee the claims management process, working closely with project managers, contractors, insurance providers, and third party vendors to facilitate efficient and fair claims resolution.

·        Ensure compliance with insurance policies and regulatory requirements during the claims process.

·        Coordinate with EH&S to identify and mitigate claims trends and other loss exposures.

4.     Contract Review and Compliance:

·        Review construction contracts to identify and mitigate potential risks through appropriate insurance coverage.

·        Ensure that construction projects comply with insurance requirements stipulated in contracts and legal regulations.

5.     Strategic Planning:

·        Develop and implement strategic risk management plans for construction projects, aligning with the organization's overall risk tolerance and business objectives.

·        Provide recommendations to senior management regarding risk mitigation strategies and insurance coverage enhancements.

6.     Communication and Collaboration:

·        Communicate effectively with internal stakeholders, including project managers, safety teams, finance teams, legal teams, and executives, to ensure a cohesive risk management approach.

·        Collaborate with external parties, such as insurance brokers, underwriters, and regulatory authorities, to stay informed about industry tr