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Risk Manager

Posted May 28, 2021

Magna Hospitality Group
Warwick, RI
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Newly created Risk role in the corporate office in Warwick, RI.

About This Job

The Risk Manager is a newly created position reporting to the CFO that will be responsible for risk review and assessment, insurance procurement and administration, and licensing and compliance administration. The Risk Manager is also responsible for training of loss prevention methods and monitoring compliance with insurance policies and for assisting in the identifying, measuring and management of insurable risks.

RESPONSIBILITIES:

  • Analyze potential impacts of developing trends and make recommendations on insurance coverage enhancements to improve the claims management process.
  • Works with other internal company departments on training to understand insurance coverage, claims and recommendations from insurance inspections.
  • Acts as adviser and insurance compliance expert for company in the carrying out of its various businesses, including property acquisitions and sales, real estate management, and hospitality operations and ensure insurance arrangements are up-to-date, premiums agreed with insurers and premiums billed to tenants as appropriate.
  • Identify new insurable risks within the business and make recommendations for effective management of the risks.
  • Participates in the annual policy renewal process and continually assesses the company’s insurance needs and costs.
  • Manages relationships with third party service providers including brokers, insurers, and consultants.
  • Manages and maintains the statement of values.
  • Reviews and processes endorsements to policies.
  • Reviews and processes insurance premium payments.

EXPERIENCE:

  • Minimum five years’ insurance background or relevant experience
  • Extensive document review experience in insurance related policies/certificates and related forms
  • Ability to handle a fast paced environment
  • Ability to multi-task and prioritize assignments while delivering consistent, quality work product to property managers, brokers, attorneys and clients
  • High level of attention to detail and accuracy
  • Ability to work with little supervision and to seek help when needed
  • Ability to build strong internal and external relationships
  • Strong analytical and communication skills
  • Ability to think independently while working within a group

Technology/Equipment Advanced level of proficiency in Word, Outlook, and Excel

Experience and/or Training Hospitality or Commercial real estate experience preferred.

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About this Employer

Magna Hospitality Group

300 Centerville Road, Suite 300 East
Warwick, RI 02886

Management Company

www.magnahospitality.com

In 1998, we formed Magna in order to create an opportunistic hotel real estate investment firm. As our industry has evolved, we have evolved with it, and we have come to focus our energies on two basic truisms. First and foremost, the most important thing that we do as a firm is hire the right people. This basic principle applies both at the corporate and our property levels. Today, we have over thirty highly motivated, talented, and hard-working corporate professionals that have morphed into a cohesive team that is dedicated to not only Magna’s success, but to each other’s success.

Second, we have embraced the reality that we are a hotel real estate investment firm; and in order to achieve the high level of success that we have enjoyed from an investment perspective, we must have a superior hotel management company.

In our often fickle and cyclical business, the Magna team has demonstrated and continues to demonstrate the most important qualities that a hotel real estate investment firm and a hotel management company must have. We tell our investors what we are going to do and when we are going to do it. Then, through hard work, talent, and integrity, we do what we said we would do, and we do it with a level of consistency that has made Magna a premiere hotel company.

It is with this team of professionals and with this culture that Magna will continue to move forward to improve both the quality of our investments and the manner in which we operate and oversee those investments for our investors.

We welcome you to Magna and we invite you to learn more about us, our team, and the culture that is Magna.