Vice President of Risk Management

ROI Executive Search; California; On-site; USD 240,000 - 360,000; Full time

Job summary

ROI Executive Search is partnering with a privately held US real estate investment and asset management company to appoint a Vice President of Risk Management in Los Angeles, CA. You will own the full economics of risk across the platform, including insurance purchasing, retained risk, captive strategy, claims, loss control and emerging risk.

The role requires strategic leadership, extensive California real estate risk experience, and the ability to influence acquisitions, dispositions, and

Qualifications

• 12+ years in risk/insurance for complex real estate/REIT platforms.
• Direct captive strategy ownership at governance level.
• Experience negotiating large programs with brokers and carriers.
• California real estate risk experience incl. catastrophe and liability.

Responsibilities

• Own risk economics across the platform: insurance purchasing, retention, and captives.
• Lead claims, loss control, and emerging risk management initiatives.
• Incorporate risk into acquisitions, dispositions, and capital decisions.
• Oversee business continuity and crisis planning; potential Investment Committee role.

Skills

Risk management

Insurance programs

Captive strategy

Strategic leadership

Board/Investment Committee

Education

ARM/CPCU/RIMS-CRMP certification (optional)

Job description

Los Angeles, California | Reports to the Chief Operating Officer

The Opportunity

We are partnering with a privately held US real estate investment and asset management company, with approximately $6 billion in assets under management, to appoint a Vice President of Risk Management.

The portfolio is diversified across multifamily, affordable housing, industrial and commercial, senior living and marinas, with significant California exposure. The business is entering its next stage of growth, including a significant change to its capital structure and a more active approach to acquisitions.

There is a strong, long-tenured Risk Manager in place who handles claims administration and day-to-day carrier follow-up. This role adds the senior, market-facing leadership above that. You will own the full economics of risk across the platform: insurance purchasing, retained risk, captive strategy, claims, loss control and emerging risk.

One of the first strategic questions is how the captive should evolve as the portfolios grow. That includes whether risks across different ownership groups should be separated, and where new programs such as renters insurance and security-deposit alternatives make sense. You will have the authority to recommend and lead changes to the captive, insurance structure and broker/carrier strategy, subject to Board and ownership approval.

This is a strategic role, not only a renewals role. You will bring risk into acquisitions, dispositions and major capital decisions early enough to influence them, including as the business looks at markets beyond California. You will also own business continuity and crisis planning, and there is the opportunity, over time, to join the Investment Committee.

What You Will Bring

• 12+ years of progressive risk and insurance experience, with senior client-side responsibility for a complex real estate, REIT or property operating platform, ideally $3B+ AUM.
• Direct ownership of a captive at strategy and governance level. You'll be able to explain the decisions you have made on structure, retention, capitalization, reinsurance and program expansion.
• Experience negotiating significant insurance programs directly with brokers, carriers and reinsurers, managing total cost of risk rather than premium alone.
• Substantial California real estate risk experience, including catastrophe, wildfire, earthquake, casualty and litigation.
• Broad commercial-lines knowledge across property, casualty, environmental, cyber, executive risk and specialty exposures.
• The executive presence to present risk economics and recommendations to senior leadership, ownership groups, Boards or Investment Committees.
• A commercial, decisive and low-ego style, comfortable in a lean, privately held environment.

Affordable housing/HUD Section 8, senior living, marina/marine liability or ancillary insurance-program experience would be useful. ARM, CPCU or RIMS-CRMP is helpful but not essential.