Director - Risk Management

Posted Yesterday
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Chicago, IL, USA
In-Office
130K-160K Annually
Expert/Leader
Real Estate • Hospitality
The Role
Leads insurance renewals, catastrophe claims recovery, risk assessments, budgeting, forecasting, reconciliations, and actuarial analyses. Supports acquisitions, emergency preparedness, accounting compliance, certificates of insurance, surety bonds, lender requirements, and contract insurance reviews. Provides guidance to leadership, brokers, adjusters, accounting, FP&A, and other departments while managing property, casualty, financial, and professional liability coverage.
Summary Generated by Built In

With a culture of recognition and reputation for excellence, ELS is the ideal organization in which to develop a long and successful career!

ELS is hiring for the position of Director - Risk Management in Chicago, Illinois.

Requirements:

  • Seven to ten years of progressive experience in hands-on management of insurance risk management programs.
  • Involvement with multiple types of claims, including large catastrophic property claims and resolution as an employee of the insured, or as a claims adjuster, broker claims advocate, forensic accountant and/or consultant.
  • Strong understanding of standard accounting principles and experience with budgeting, reforecasting, and actuarial analyses.
  • Knowledge regarding a wide variety of property, casualty, financial and professional liability insurance coverages, including the assessment, revision and renewal of such coverages.
  • Exceptional analytical and problem-solving skills with extreme attention to detail.
  • Ability to communicate clearly and concisely with others at all levels within the organization.
  • Commitment to seek the input of others across departments for collaborative decision making.

Responsibilities:

  • Lead insurance renewals and data gathering process, review data with VP prior to submittal, analyze options and determine the full statement of values for property renewals.
  • Support CAT property claims recoveries, including analysis and reporting, ensuring sufficient detail is provided to the claims adjuster to obtain carrier payments, tracking total estimated loss amounts and deductibles, submitting and tracking requests for payment and receipt of payments, and following up to obtain answers to questions from adjuster.
  • Provide input for the emergency response plans and hurricane preparedness process.
  • Support acquisition due diligence process and provide insurance estimates for acquisitions, developments, expansions, and improvements.
  • Participate in the insurance budgeting and quarterly reforecasting process, monthly and quarterly reconciliations with accounting and financial planning and analysis, and mid-year and year-end actuarial analyses.
  • Support the VP and provide guidance regarding accounting compliance, incoming and outgoing certificates of insurance, surety bonds, insurance renewals, surveys, exposures, applications and general questions.
  • Assist broker and VP regarding lender insurance requirements.
  • Review insurance and indemnification requirements and any limitations of liability in contracts with vendors and others.

In return for your excellent skills and abilities, we offer a comprehensive benefits package including: medical, dental, and vision plans, a generous 401(k) employer match, and paid vacations, holidays, and sick time.

We invite you to visit our web site at www.equitylifestyleproperties.com for additional information regarding our exceptional resort communities.

As an Equal Opportunity Employer, we welcome and thank all applicants.

Estimated compensation for this position in the states of BC, CA, CO, IL, MA, MD, MN, NJ, NY, VT and WA is:

Annual Salary: $130,000.00 - $160,000.00

The salary listed is an estimate and not guaranteed. A salary offer will vary based on applicant’s education, experience, skills, abilities, geographic location, internal equity and alignment with market data. In addition to the base pay and our benefits, some positions are eligible for bonuses, sales commissions, or incentive pay.

Skills Required

  • Seven to ten years of progressive experience managing insurance risk management programs
  • Experience handling multiple claim types, including catastrophic property claims, as an insured employee, claims adjuster, broker claims advocate, forensic accountant, or consultant
  • Understanding of standard accounting principles
  • Experience with budgeting, reforecasting, and actuarial analyses
  • Knowledge of property, casualty, financial, and professional liability insurance coverages, including assessment, revision, and renewal
  • Exceptional analytical and problem-solving skills with strong attention to detail
  • Ability to communicate clearly and concisely with stakeholders at all organizational levels
  • Commitment to collaborative decision-making and seeking cross-departmental input
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The Company
3,800 Employees

What We Do

Equity LifeStyle Properties is a leading real estate investment trust (REIT) and operator of manufactured home communities, RV resorts, and campgrounds in North America. With over 50 years of experience, the company owns and manages a diverse portfolio of properties across 35 states and British Columbia, providing high-quality amenities and services to residents and guests in highly desirable locations.

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