What are the responsibilities and job description for the Builder's Risk Consultant position at Lockton Companies and Careers?
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.
- Essential Job Accountabilities
- Manage relationships with internal and external customers to allow for timely identification of builder's risk opportunities. Focus on working with existing casualty insurance clients to expand Lockton’s relationship through builders risk procurement.
- Work with Owners, Contractors, Lockton team members to review project contracts, including projects with alternative delivery methods, to determine the allocation of physical damage and delay related risks between parties of the contract. Based upon the allocation of risk, identify mitigation strategies and work with clients to structure a CAR/EAR program that meets all contractual requirements and adequately covers insurable exposures.
- Coordinate, including completion of applications and supplementary information, with clients and Lockton team members to support procurement and placement of master builders risk insurance programs, and project specific placements. Oversee tracking, reporting, and auditing of insurance policies to maintain compliance.
- Responsible for ongoing market analysis, financial reporting, and continuing education training to keep management and Lockton team members apprised of critical issues related to CAR/EAR programs.
- Recommend, implement, and maintain process improvements in support of Lockton’s effort to be a leader in this area
- Leader in cross training efforts for development, to maintain consistent practices and procedures for Lockton
- Responsible for analysis, reporting, and training to keep management and Lockton team members apprised of critical issues.
- Bachelor’s degree in business management, Finance or related field required
ARM, CPCU, and/or CRIS strongly preferred
- Minimum 10 Years’ Experience in Property, Builders Risk and specifically recent 5 years servicing Builders Risk with Insurance Carrier or Broker
In-depth knowledge of worldwide construction property market including Construction All Risk/Erection All Risk, delay in Start Up, Third Party Liability
and Excess of Loss coverage
- Understanding of the CAR/EAR and Master Builders Risk underwriting process
- Excellent presentation, written, and verbal communication skills to effectively disseminate information and convey concepts, ideas, and information including a high level of proficiency with MS Office Suite
- Strong analytical and problem-solving skills, with demonstrated ability to provide creative solutions to real-time challenges with consistent follow through
- Must have existing market relationships with key decision makers in the construction property and reinsurance markets
- Extremely organized with ability to set priorities and work in a high production environment while responding quickly and effectively under pressure, changing priorities, and tight deadlines
- Ability to operate effectively within a matrix management environment
- Experience in handling complex builders risk claims to resolution including interface/coordination between clients, project managers, project owners, outside consultants and insurance adjusters Willingness and ability to travel
Lockton Companies is proud to provide everyone an equal 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 learns from, celebrates and thrives because of our breadth 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.
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.
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.
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Salary : $22,110 - $100,000