Risk Manager - Insurance and Claims Management

Risk Manager - Insurance and Claims Management125 S Wacker Dr, Suite 3150, Chicago, IL 60606OverviewThis is an exciting and unique opportunity to be a fully dedicated Risk Management resource to DWS Group / RREEF America LLC ("RREEF") via EPIC. RREEF is a real estate investment advisor registered with the U.S. Securities and Exchange Commission ("SEC"). RREEF provides investment advisory services to funds and institutional clients on a discretionary and non-discretionary basis. As a wholly owned subsidiary of DWS Group, RREEF combines deep market knowledge with capital investment to deliver value for its clients.Job overviewSummary: The objective of the Risk Manager: Insurance and Claims Management (Construction & Development) role is twofold: to ensure RREEF's clients' real estate investments are adequately insured through day-to-day coordination of internal and external teams, and to champion and execute operational risk practices. The Risk Management Group currently insures core and core-plus US real estate assets with a total insured value of approximately $13b across multiple sectors, including residential, retail, industrial, office and storage. The Risk Manager will work with RREEF’s value add/development teams to underwrite each construction project based on occupancy, TIV, gross square footage, location, exposure, construction detail, project costs, timeline and other project-specific factors; manage the procurement and placement of builder’s risk, owner’s interest liability, OCIP, construction-related pollution insurance, professional indemnity and bonds as necessary; and review project contracts to identify insurance responsibilities of each party and ensure proper coverage, limits, deductibles, and terms & conditions.Location: Hybrid – role ideally located to work 3 days per week from one of the following RREEF offices: Chicago IL, Dallas TX, New York City NY, or San Francisco CA.What we’re looking forRequired: Experience with construction-related insurance coverages such as builder's risk, owner’s interest, OCIPs, and CCIPs. This role will review contracts and communicate with third parties (e.g., general contractors, joint venture partners, lenders and other construction-related entities).Candidates with commercial insurance expertise in construction and/or real estate development risks who can advocate for the client’s best interests.Candidates with a strong sense of urgency, able to pivot to changing priorities while maintaining high attention to detail and quality.Strong communicator (verbal and written) comfortable working directly with clients to problem-solve and provide consultative services.What you’ll doA detailed list of job duties includes (but not limited to):DevelopmentsUnderwrite each construction project with consideration of occupancy, TIV, gross square footage, location, exposure, construction detail, project costs, timeline and other project-specific factors.Collaborate with internal stakeholders, joint venture partners, legal teams and insurance brokers to align risk management strategies with project goals.Procure and place builder’s risk, owner’s interest liability, OCIP, construction-related pollution insurance, professional indemnity and bonds as needed.Review project contracts to identify insurance responsibilities and ensure proper coverage, limits, deductibles and terms & conditions.Ensure lender requirements are met.Maintain RREEF’s Development Project Tracker and oversee ground-up development and expansion projects from start to finish.Provide operational premium indications to internal stakeholders.Acquisitions and dispositionsUnderwrite new properties with consideration of occupancy, TIV, location, exposure and risks (e.g., recognized environmental conditions).Provide insurance premium indications and quotes using a proprietary workbook.Review due diligence materials and flag potential issues for the transaction team.Assess and communicate coverage issues prior to closing; gather COPE data to roll assets into blanket insurance municate acquisitions/dispositions to brokers; track transaction activity for quarterly carrier reporting (invoices and payments).Respond to due diligence requests from prospective buyers; calculate return premiums for dispositions and provide banking wire instructions to brokers for unearned premiums at sale.Property claimsReview property incidents/claims received from third-party property managers via Riskonnect; obtain additional information as needed.Monitor claims to ensure proper handling; assist property managers with navigating the claims process.Coordinate with third-party claims administrator to address coverage issues and maximize coverage under property policies.Evaluate coverage correspondence and involve the broker as necessary; identify claim trends and report to internal stakeholders.Maintain Riskonnect claim files in real time and manage relationships with approved emergency response vendors.Other responsibilitiesReview and assist in negotiating contracts (JV agreements, leases, access, vendor contracts, loans, construction agreements).Support asset managers, joint venture partners, lenders, property managers, leasing agents, buyers, sellers, and internal/external counsel with insurance-related requests.COI issuance.What you’ll bringExperience: Minimum four years in construction insurance placements for commercial real estate and property claims. Certifications such as CRIS, CPCU, ARM are a plus.Leadership: Ability to manage areas of responsibility with an understanding of the Risk Management team's goals.Autonomy: Works with guidance rather than constant direction.Conflict resolution: Solutions-oriented, proactive problem-solver; identifies root causes and develops creative solutions.Project management: Ability to organize and manage resources to complete projects.Analysis: Strong analytical/problem-solving skills; ability to work independently; proficiency with spreadsheets and data munication: Clear, organized writer and speaker with engaging style.Workload management: Ability to handle multiple priorities in a fast-paced pensationThe national average starting salary for this role is $100,000.00 – $160,000.00 in base pay, exclusive of bonuses or benefits. Base pay will be determined based on experience, skills, certifications and education, while considering internal equity and market data.What DWS Group / RREEF America will offer youRREEF is committed to diversity, equity and inclusion and to creating a culture where colleagues can be themselves, feel valued, and are rewarded.RREEF’s Hybrid Working model balances in-person collaboration with remote work. The split will vary by business group and will be discussed during application and interview.RREEF promotes a culture where people are empowered to excel, take initiative and collaborate. We welcome applications from all people and value an inclusive work environment.EPIC embraces diversity in all forms and is committed to fostering a work community where every colleague feels welcomed, valued, respected and heard.Note: This description is intended to reflect the current job; updates may be made as the business needs evolve. #J-18808-Ljbffr

Created: 2025-09-23