Position Summary:
We are seeking a detail-oriented and proactive Insurance Manager to join our Finance team. This individual will be responsible for overseeing all insurance-related matters, including policy management, risk assessment, coverage analysis, claims coordination, and vendor relations. The ideal candidate has strong knowledge of personal and commercial insurance, excellent organizational skills, and a commitment to confidentiality.
Key Responsibilities:
- Evaluate and manage all insurance policies for the family and affiliated entities, including:
- Personal property and casualty
- Real estate (residential, commercial)
- Vehicles (including collector or luxury)
- Marine & Aircraft
- Business-related coverage
- Conduct periodic risk assessments and recommend appropriate insurance coverage or adjustments.
- Serve as the primary liaison between the family office and insurance brokers, underwriters, and claims adjusters.
- Oversee policy renewals, premium payments, and timely submissions of claims or supporting documentation.
- Maintain accurate records of all insurance contracts, policy documents, certificates, and claims history.
- Monitor market conditions and trends to ensure optimal coverage and pricing.
- Coordinate appraisals and valuations as needed for insurance purposes.
- Collaborate with legal, accounting, and asset management teams to align risk management strategies with the family’s overall objectives.
- Provide regular updates and reporting to principals and leadership on insurance performance, coverage status, and risk outlook.
Qualifications:
- Bachelor's degree in Business, Finance, Risk Management, or related field.
- 5+ years of experience in insurance, risk management, or a similar role—experience in a family office, private client services, or high-net-worth environment strongly preferred.
- Deep understanding of personal and commercial insurance products.
- Strong negotiation skills and vendor management experience.
- Excellent written and verbal communication abilities.
- High level of discretion and ability to handle confidential information.
- Proficient in Microsoft Excel and other insurance or financial software.
Preferred Certifications:
- ARM (Associate in Risk Management), CIC (Certified Insurance Counselor), or similar designation.