Job Description

About the company:

The company we are looking for specializes in products for retail stores, wholesale, and distribution partners.

~ Senior Risk Manager

The Senior Risk Manager will lead the design, implementation, and administration of the Company's insurance and risk financing strategy for a growing multi-state commercial real estate portfolio.

The role will oversee: traditional insurance programs, self-insurance initiatives, captive insurance formation activities, claims administration, lender insurance compliance, and reinsurance coordination.

The position will serve as the internal coordinator among: insurance brokers, captive managers, actuaries, reinsurers, legal counsel, auditors, lenders, and company operations teams.

The position is expected to evolve into a leadership role within the Company's future captive insurance operations.

Core Responsibilities
Insurance Program Management

• Manage all commercial insurance programs.

• Coordinate annual renewals.

• Review policy terms and conditions.

• Monitor premium trends and market conditions.

• Evaluate coverage gaps and opportunities.

Captive Formation Support

• Coordinate captive feasibility studies.

• Assist with data collection and underwriting submissions.

• Manage actuarial and reserve studies.

• Coordinate domicile applications.

• Support licensing and regulatory filings.

• Assist with capitalization planning.

Claims Management

• Oversee all property and liability claims.

• Monitor claim development.

• Coordinate with TPAs and adjusters.

• Review reserve adequacy.

• Identify claim trends.

Self-Insurance and Retention Analysis

• Analyze historical loss data.

• Evaluate deductible strategies.

• Recommend retention levels.

• Monitor self-insured reserves.

Reinsurance Coordination

• Assist in designing reinsurance structures.

• Coordinate annual renewals.

• Monitor catastrophe exposures.

• Review reinsurance recoverables.

Property Exposure Management
Maintain:

• Statement of Values (SOV)

• Total Insured Values (TIV)

• COPE data

• catastrophe modeling information

Lender Compliance

• Monitor insurance requirements.

• Coordinate lender certificates.

• Manage mortgagee schedules.

• Ensure policy compliance.

Reporting Responsibilities
Prepare quarterly reporting, including:

Insurance Dashboard

• Total premiums

• Claims activity

• Loss ratios

• Reserve development

• Deductible utilization

Captive Dashboard

• Captive surplus

• Combined ratio

• Retention levels

• Reinsurance utilization

• Return on capital

Minimum Qualifications
Experience

• 7+ years in commercial insurance, risk management, or underwriting.

• 3+ years managing property and casualty insurance programs.

Preferred Experience
Experience with: commercial real estate portfolios, retail centers, industrial assets, mixed-use projects, multi-state operations.

Highly Preferred Experience

• Captive insurance programs.

• Self-insurance structures.

• Alternative risk financing.

• Reinsurance placements.

• Catastrophe modeling.

Education
Required:

• Bachelor's degree in:

  • Risk Management

  • Finance

  • Accounting

  • Insurance

  • Business Administration

Preferred:

• MBA

• MS Risk Management

• Insurance specialization

Professional Designations
Strongly Preferred CPCU, ARM, CRM
 Valuable ARe, CIC, RIMS-CRMP, CPA

Technical Skills
The ideal candidate should possess working knowledge of:

Insurance Lines

• Commercial Property

• General Liability

• Umbrella

• Environmental

• Inland Marine

• Cyber

• Workers Compensation

Analytical Skills

• Loss runs

• Claims triangles

• Deductible analysis

• Reserve analysis

• Premium allocation

• Catastrophe exposure modeling

Software Skills

• Excel modeling

• Insurance management systems

• RMIS platforms

• Power BI or Tableau preferred

Personal Characteristics
The ideal candidate should be:

• Highly analytical

• Detail oriented

• Comfortable with financial modeling

• Able to negotiate with brokers and carriers

• Strong project manager

• Comfortable interacting with lenders and regulators

Other Details:
Experience: 7+ years
 Location: Remote from Pakistan
 Timings: US Time Zone

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