Risk Analyst (Insurance)

Risk Analyst (Insurance)

Position Type: Full time

State: Virginia

City: Arlington

Zip Code: 22203

Overview

AvalonBay Communities, Inc., an equity REIT, has a long-term track record of developing, redeveloping, acquiring and managing distinctive apartment homes in some of the best U.S. markets, and delivering outsized, risk-adjusted returns to shareholders. With equal parts experience and vision, we've established a leadership position rooted in our purpose of creating a better way to live and that is always focused on building value for the long term. Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work.

The Role

The Risk Analyst is responsible for providing administration, guidance, and oversight of various risk management led processes. The responsibilities include supporting the insurance procurement process, overseeing data collection, data analysis, keeping data current in the department's Risk Management Information System, overseeing certificate of insurance compliance and issuance, invoice processing, policy review and general support of inquiries from various departments that seek risk management guidance.

Essential Job Responsibilities:

• Supporting all corporate insurance placements and renewals, including but not limited to collecting and gathering submission data for property/casualty renewals (updating COPE across all assets as needed), participating in underwriter meetings, filling out apps, coordinating payment of invoices, etc.
• Managing the placement and renewal of all insurance policies for exposures that involve third parties, including condo associations, JVs, landowners associations, etc. from initial policy placement to future budgeting/allocation phases
• COI support: Providing support to construction, development, retail and procurement on appropriate insurance requirements for their respective trades/tenants, granting exceptions as necessary, reviewing COIs for compliance, enhancing standards as needed. Maintaining COI requests on the AVB side, requesting and issuing as requested.
• Maintaining and updating Origami policy records, location records, as well as certain quarterly reporting (policy register and location listing)
• Reviewing contracts for redlines trades/vendors make to AVB insurance/indemnification requirements, proposing alternative language as needed
• Support claims investigation

Non-Essential Functions:

• All other tasks as assigned by the manager.

Minimum Qualifications:

Education:

• Bachelor's degree preferred.

Certification or Licensures:

• None required.

Experience:

• 1-2 years of relevant work experience in an insurance, risk management, accounting, or legal setting or progressive experience in residential services management, construction management, or related industry.

Knowledge, Skills and Abilities:

• Strong communication skills.
• Problem solver with excellent judgement and discretion.
• Ability to handle work-related stress.
• Ability to handle multiple priorities simultaneously and meet deadlines.
• Strong customer service, speaking and presentation abilities.
• Team player, growth oriented with a proven track record of collaboration.
• Proficient in use of Word, PowerPoint, and advanced Excel user with application of special features (e.g., Pivot Tables, Index/Match, VLOOKUP, macros).

How AvalonBay Supports You

We know that our teams are the beating heart of our success and we're committed to showing our appreciation.

We offer:

Comprehensive benefits — health, dental and vision, 401(k) with company match, paid vacation and holidays, tuition reimbursement, an employee stock purchase plan and more.

Growth based on achievement and promotion from within.

Associate recognition (a company-wide recognition program that celebrates associate efforts and successes in contributing to the overall success of the organization – including destination awards, 'AvalonBay's Very Best' recognition program and others!).

A 20% discount on our incredible apartment homes.

A culture built on purpose and our core values - A Commitment to Integrity, A Spirit of Caring, and A Focus on Continuous Improvement.

Additional Info

AvalonBay is proud to be an equal opportunity employer and is committed to an inclusive and diverse work environment free of discrimination and harassment. We believe that in order to achieve our purpose of creating a better way to live, we must recruit, develop and retain associates with a wide range of backgrounds, experiences and perspectives and create an environment that encourages all voices to be heard, understood and appreciated. With this we know we can do great things.

AvalonBay makes employment decisions without regard to a person's race, ethnicity, color, religion, sex, national origin, sexual orientation, gender identity, pregnancy (including childbirth, lactation or related medical conditions), age, physical or mental disability, genetic information (including characteristics or testing), citizenship status, military or veteran status, or any other status protected by the law.

For California residents, if you elect to apply to AvalonBay you accept the AvalonBay California Personnel Privacy Notice.