Insourced Risk Manager

Lockton Companies; Washington (District of Columbia); Hybrid; USD 110,000 - 160,000; Full time

Benefits offered by this job

Flexible work environment

Hybrid work arrangement

Health insurance

Job summary

Lockton Companies in Washington DC seeks an experienced Insourced Risk Manager to support a major private equity real estate client. You will lead risk oversight, coordinate with client leadership, and manage insurance programs across development, redevelopment, and asset management projects.

The ideal candidate has 5+ years in risk management, deep knowledge of real estate development and insurance practices, and the ability to guide executive teams on insurance requirements.

Qualifications

• Bachelor’s degree in business-related field or equivalent
• Minimum 5 years of risk management experience
• Strong understanding of real estate development, operations and related insurance and risk management practices
• Experience with contract review and negotiation specific to insurance and indemnity sections of loan documents and other legal agreements
• Ability to provide guidance on insurance requirements to executive teams, counsel, asset managers, clients, and business partners
• General knowledge of legal and compliance; experience working with legal counsel
• Working knowledge of all lines of insurance – policies, coverages and fundamentals
• Excellent analytical, organizational, interpersonal, critical thinking skills
• Administrative and organizational skills with time management, flexibility, and multitasking
• Reliable and thorough with a commitment to accuracy
• Excellent client service skills with internal and external stakeholders at all levels
• Must be legally authorized to work in the United States and not require sponsorship now or in the future

Responsibilities

• Serve as primary risk and insurance liaison among client leadership
• Build and maintain relationships with executives, legal teams, lenders, and external advisors
• Communicate risk, insurance and claims matters to senior stakeholders
• Lead strategic oversight and coordination of insurance claims
• Manage builder's risk, OCIP, and construction liability programs for development projects
• Develop and implement risk management policies, procedures, and governance practices
• Oversee master and asset-level insurance programs and support renewal strategy
• Review and analyze insurance requirements, partner programs, contracts, and indemnification provisions
• Maintain compliance with third-party insurance obligations and related documentation
• Oversee enrollments, contracts, safety initiatives, and regulatory compliance matters
• Evaluate project risks and recommend risk mitigation strategies for development, construction, and asset management
• Partner with operational teams to align exposures with appropriate insurance coverage
• Support enterprise risk management initiatives, including business continuity, emergency response, ESG, and sustainability programs

Skills

Risk management

Real estate development

Contract review

Communication with executives

Analytical skills

Education

Bachelor’s degree in business-related field

Job description

Washington DC, District of Columbia, United States of America

At Lockton, we’re passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented and always striving to make ourselves and those around us better. We’re active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here.

About Lockton Northeast

For the Northeast Series, you’ll find our people in the metropolitan areas spanning Washington DC, Philadelphia, New York City, Hartford, Norwalk, Boston, and Portland ME. With our unmatched work ethic, and an ability to go above and beyond to make a difference for our clients, the Northeast continues to experience double-digit (organic!) growth.

We offer a flexible & hybrid work environment that allows our Associates to split their time between in-person and remote.

Position Overview

We are seeking an experienced, motivated professional to join Lockton as an Insourced Risk Manager supporting a major private equity real estate client in the Metropolitan DC (Chevy Chase, MD) office. This position is part of Lockton’s Private Equity Real Estate (PERE) team; however, the successful candidate will be dedicated exclusively to the client account and will work primarily from the client’s offices in the Washington, D.C./Maryland area.

Core Responsibilities

The Risk Manager will provide direction and oversight of risk management at a corporate and national level for development and operational assets. The successful candidate will work alongside the client’s risk management committee and partner with internal and external legal, development, and acquisitions teams to oversee and manage risk-related matters across a diverse portfolio of development, redevelopment, and stabilized real estate investments. This individual will enforce and drive strategy as it pertains to compliance, loss events and will improve internal processes to mitigate future loss and risk. Duties and responsibilities will include:

• Serve as the primary risk and insurance liaison among client leadership, asset management, business partners, and Lockton teams.
• Build and maintain relationships with executives, legal teams, joint venture partners, lenders, and external advisors.
• Communicate risk, insurance, and claims matters effectively to senior stakeholders.
• Lead strategic oversight and coordination of insurance claims.
• Manage builder's risk, OCIP, and construction liability programs for development projects.
• Develop and implement risk management policies, procedures, and governance practices.
• Oversee master and asset-level insurance programs and support renewal strategy.
• Review and analyze insurance requirements, partner programs, contracts, and indemnification provisions.
• Maintain compliance with third-party insurance obligations and related documentation.
• Oversee enrollments, contracts, safety initiatives, and regulatory compliance matters.
• Evaluate project risks and recommend risk mitigation strategies for development, construction, and asset management activities.
• Partner with operational teams to align exposures with appropriate insurance coverage.
• Support enterprise risk management initiatives, including business continuity, emergency response, ESG, and sustainability programs.

Qualifications

• Bachelor’s degree in business-related field, or equivalent education and experience
• Minimum 5 years of risk management experience
• Strong understanding of real estate development, operations and related insurance and risk management practices.
• Experience with contract review and negotiation specific to the insurance and indemnity sections of loan documents and other legal agreement.
• The ability to provide guidance on insurance requirements to the executive teams, counsel, asset managers, clients, and business partners.
• General knowledge of legal and compliance; experience in working directly with legal counsel
• Working knowledge of all lines of insurance – including policies, coverages and fundamentals
• Excellent analytical, organizational, interpersonal, critical thinking skills
• Administrative and organizational skills critical; excellent time management skills, flexibility, and management of a variety of tasks simultaneously
• Reliable and thorough with a deep commitment to accuracy
• Excellent client service skills with the ability to develop sound relationships with internal and external stakeholders at all levels of the organizations
• Must be legally authorized to work in the United States and not require sponsorship for this position, now or in the future

Benefits

Lockton is committed to advancing diversity and inclusion. We have a dynamic entrepreneurial culture in which our people are empowered to make a difference to better serve client needs. We are committed to giving back to our communities and we are invested in your success.

We offer acompetitivetotal rewards package, continuing education & training, and tremendous potential with agrowingorganization.

Equal Opportunity Statement

Lockton Companies is proud to provide everyone anequal opportunity to grow and advance. We are committed to an inclusive culture and environment where our people, clients and communities are treated with respect and dignity.

At Lockton, supporting diversity, equity and inclusion is ingrained in our values, and we believe that we are at our best when we fully embrace everyone. We strive to cultivate a caring culture that learnsfrom, celebrates and thrives because of ourbreadth of differences. As such, we recognize that recruiting, developing and retaining people with diverse backgrounds and experiences is vital and enabling our people to thrive personally and professionally is critical to our long-term success.

About Lockton

Lockton is the largest privately held independent insurance brokerage in the world. Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities. As such, our 13,100+ Associates doing business in over 155 countries are empowered to do what’s right every day.

At Lockton, we believe in the power of all people. You belong at Lockton.

How We Will Support You

At Lockton, we empower you to be true to yourself in all that you do. Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it.

We are ready to meet you where you are today, and as your needs change over time. In addition to industry-leading health insurance, we offer additional options to support your overall health and wellbeing.

Any Employment Agency, person or entity that submits an unsolicited resume to this site does so with the understanding that the applicant's resume will become the property of Lockton Companies, Inc. Lockton Companies will have the right to hire that applicant at its discretion and without any fee owed to the submitting Employment Agency, person or entity. Employment Agencies, who have fee Agreements with Lockton Companies must submit applicants to the designated Lockton Companies Employment Coordinator to be eligible for placement fees.