Fundamental Advisors is seeking a risk and insurance manager to join its NYC based team. Candidates must have a minimum of 5 – 10 years’ experience in a relatable field. Ideal candidate will have the ability to work nimbly and independently, with a strong proficiency in Microsoft Suite (Office, Excel, Powerpoint) and an ability to collaboratively assist multiple business functions within the organization.

Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.

The Role

Responsibilities will include, but are not limited to, supporting the following functions:

• Finance, Accounting, FP&A
  1. Determine appropriate annual insurance and risk management budget across all insurance categories and advisory services
  2. Report modifications to any loss sensitive insurance programs requiring change in capital commitments
  3. Collaborate with broker partner to create master insurance premium allocation representing a fair, market premium to be allocated among individual investments
  4. Manage lender negotiations and compliance with regard to insurance and indemnification provisions
• Legal and Compliance
  1. Provide guidance on applicable types and amounts of insurance appropriate for existing and future governing fund commitments
  2. Periodically review investor fund agreements to confirm compliance
  3. Opine on contractual language within boilerplate template and bespoke agreements used in daily operations. Negotiate language representative of current market standards
• Investments
  1. Proactively consult with investments team on pending acquisitions and divestiture activity, collecting pertinent diligence details required for internal and external stakeholders
  2. Develop evaluation process for new investments and determine whether any modifications, or supplemental coverage, is required on current insurance placements
• Operations
  1. Support daily operations at individual investments which may include but not be limited to onboarding new property management staff, providing educational training, and managing incident reporting
  2. Submit insurance premium billings internally to ensure premiums are paid in a timely manner
  3. Track and review insurance claims with designated claims administrator
• Broker Relations & Insurance Strategy
  1. Collate necessary data and metrics to support broker submission to insurers
  2. Evaluate and recommend insurance options based on inherent vulnerabilities and exposures
  3. Represent organization on broker and carrier engagements which may include annual renewal meetings, client advisory boards, and claims closure projects
  4. Monitor reported incidents and determine threshold level for reporting to broker and insurance carriers
  5. Manage losses and claims internally
• Stakeholder Communication
  1. Submit regular updates to internal insurance committee
  2. Explore benefits of technology adoption into risk and insurance function
  3. Disperse certificates of insurance to external parties as required
  4. Monitor partner insurance programs and opine on adequacy of the same
  5. Keep leadership team apprised of emerging risks which may have a severe impact to the organization’s operations or profitability