Risk Management Associate

Job Description

Job Description

A family-owned and privately held property management company, First Realty Management has more than 65 years of experience with the industry knowledge to match. We combine the resources of a large company with the personal touch and attention to detail of a small, local firm.

At the core of it all, our talented employees make us stand out above the rest. While we perform as a top-tier property management company, we strongly emphasize our close-knit, family-owned foundation. Professional growth is encouraged through a commitment to educational advancement and opportunities to learn from industry thought leaders. We create a sought-after community atmosphere by recognizing and celebrating those who go above and beyond. And above all else – we always put our team members first.

The Risk Management Team at First Realty Management is responsible for protecting employees and property of First Realty Management across its 5 divisions:

• First Realty Management (FRM) (corporate entity responsible for Property Management)
• Apartments (wholly owned and managed)
• Apartments (managed on behalf of clients)
• Condominiums (managed on behalf of clients)
• Commercial Retail

The role reports to the Chief Financial Officer and works closely with Finance and Operations to manage insurance policies and renewals and administer claims.

This person will analyze insurance policies to ensure proper insurance coverage is in place, by administering and tracking claims, and by educating employees on preventative maintenance, loss control and claims management.

Keys To the Role:

The below are key tasks for this role to be successful and best assist First Realty Management:

1. Identification of risk and potential loss to First Realty Management from its operations

1. Research and Identification of options to mitigate risk and loss

1. Negotiation and implementation of insurance policies through and/or working with Insurance Agents.

1. Monitoring, renewal and payment of all insurance policies to ensure appropriate coverage is in place

1. Identifying changes to policies and its impact on Risk Management

1. Ensuring the completion of Loss Control Items

1. Identification and Implementation of Preventative Maintenance measures

1. Timely reporting of any Incident Reports and Claims to insurance companies

1. Monitoring claims to ensure they are resolved and paid in a full and in a timely fashion

1. Timely and accurate reporting on any legal matters relating to Risk Management and Insurance to Management including ensuring any associated items are monitored and appropriately addressed

1. Accurate record keeping of all documents related to Risk Management

1. Ability to report to management on: losses incurred; the cost of risk mitigation; and analysis critical to demonstrating performance and decision making

1. The education and support of staff to successfully achieve preventative risk measures and favorably resolve any Risk Management items.

Qualifications:

• Knowledge of insurance contracts
• Knowledge of insurance and risk transfer techniques
• Excellent Attention to detail
• Basic math skills
• Excellent communication skills, both verbal and written
• Strong computer skills including knowledge of MS Word and Excel

Requirements:

• Bachelor's degree in Business, Risk Management, or related field preferred
• Basic industry designations (INS, AIC, notary) preferred
• Insurance Producers License in the State of Massachusetts preferred
• Minimum 3 years of risk management and claim management experience
• Property management experience preferred