Associate Risk Manager

New York City, New York, United States of America

At Lockton, we're passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented and always striving to make ourselves and those around us better. We're active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here.

About Lockton Northeast

For the Northeast Series, you'll find our people in the metropolitan areas spanning Washington DC, Philadelphia, New York City, Hartford, Norwalk, Boston, and Portland ME. With our unmatched work ethic, and an ability to go above and beyond to make a difference for our clients, the Northeast continues to experience double-digit (organic!) growth.

We offer a flexible & hybrid work environment that allows our Associates to split their time between in-person and remote.

Position Overview

Lockton's Northeast Series seeks an Associate Risk Manager to join our Private Equity Real Estate (PERE) team. This Risk Management team is dedicated to one of our largest clients (Insourced Risk Management). The Associate Risk Manager will be responsible for supporting Senior Risk Managers and Account Executives in servicing and managing a growing client book of business; the position involves supporting the client's real estate due diligence efforts. The ideal candidate should possess 2-7 years of pertinent experience in the insurance industry. This position necessitates working from a Lockton Northeast Office.

Depending on the candidate's years of relevant industry experience, they will be enrolled in Lockton's Career Foundations Program or Career Advancement Program. These programs are crafted to offer the technical and practical training required to foster the growth of Associates, supporting their journey towards a prosperous and enduring career within Lockton's Northeast Series.

Core Responsibilities

• Responsible for all new operational deal due diligence by requesting pricing indications and quotes for operational insurance and the preparation of coverage summaries and comparison charts.
• Track and report on weekly acquisition, transition and disposition activity, including supporting on quarterly adjustments for master insurance programs.
• Support senior risk managers with renewal strategies and procurement for master insurance program renewals, to include process design and implementation to create efficiencies for the broader team.
• Manage the risk management team's Statement of Values (SOV) with up-to-date information on project values, insurance placement, and transition and binding dates.
• Manage the client's certificate tracking vendor, which includes set-up of new assets and liaising between the vendor, partner, and client. This will include tracking JV partners' insurance expirations.
• Support data management analytics through use of Microsoft Excel and other data platforms as appropriate.
• Coordinate responses to teams and partners, communicating turnaround times effectively.
• Organize and maintain files using shared drives for efficient file coordination.
• Support overall risk management team goals and initiatives.
• Conduct thorough reviews of quotes, binders, and endorsements to ensure accuracy and completeness. Additionally, compile exposure information for both new business and existing (renewal) opportunities.
• Collaborate with the Technical Services Team to issue and process certificates of insurance, invoices, and compliance-related documents.
• Address accounting issues promptly when they arise.

A successful candidate will have :

Qualifications

Lockton is committed to advancing diversity and inclusion. We have a dynamic entrepreneurial culture in which our people are empowered to make a difference to better serve client needs. We are committed to giving back to our communities and we are invested in your success.

We offer a competitive total rewards package, continuing education & training, and tremendous potential with a growing organization.

Equal Opportunity Statement

Lockton Companies is proud to provide everyone an equal opportunity to grow and advance. We are committed to an inclusive culture and environment where our people, clients and communities are treated with respect and dignity.

At Lockton, supporting diversity, equity and inclusion is ingrained in our values, and we believe that we are at our best when we fully embrace everyone. We strive to cultivate a caring culture that learns from, celebrates and thrives because of our breadth of differences. As such, we recognize that recruiting, developing and retaining people with diverse backgrounds and experiences is vital and enabling our people to thrive personally and professionally is critical to our long-term success.

About Lockton

Lockton is the largest privately held independent insurance brokerage in the world. Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities. As such, our 13,100+ Associates doing business in over 155 countries are empowered to do what's right every day.

At Lockton, we believe in the power of all people. You belong at Lockton.

How We Will Support You

At Lockton, we empower you to be true to yourself in all that you do. Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it.

We are ready to meet you where you are today, and as your needs change over time. In addition to industry-leading health insurance, we offer additional options to support your overall health and wellbeing.

Any Employment Agency, person or entity that submits an unsolicited resume to this site does so with the understanding that the applicant's resume will become the property of Lockton Companies, Inc. Lockton Companies will have the right to hire that applicant at its discretion and without any fee owed to the submitting Employment Agency, person or entity. Employment Agencies, who have fee Agreements with Lockton Companies must submit applicants to the designated Lockton Companies Employment Coordinator to be eligible for placement fees.

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