Loss Adjustor

About the company:

The company we are looking for specializes in products for retail stores, wholesale, and distribution partners.

Role Overview ~ Senior Risk Manager

Position Summary
The Senior Risk Manager will lead the design, implementation, and administration of the Company's insurance and risk financing strategy for a growing multi-state commercial real estate portfolio.

The role will oversee: traditional insurance programs, self-insurance initiatives, captive insurance formation activities, claims administration, lender insurance compliance, and reinsurance coordination.

The position will serve as the internal coordinator among: insurance brokers, captive managers, actuaries, reinsurers, legal counsel, auditors, lenders, and company operations teams.

The position is expected to evolve into a leadership role within the Company's future captive insurance operations.

Core Responsibilities
Insurance Program Management

• Manage all commercial insurance programs.
• Coordinate annual renewals.
• Review policy terms and conditions.
• Monitor premium trends and market conditions.
• Evaluate coverage gaps and opportunities.

Captive Formation Support

• Coordinate captive feasibility studies.
• Assist with data collection and underwriting submissions.
• Manage actuarial and reserve studies.
• Coordinate domicile applications.
• Support licensing and regulatory filings.
• Assist with capitalization planning.

Claims Management

• Oversee all property and liability claims.
• Monitor claim development.
• Coordinate with TPAs and adjusters.
• Review reserve adequacy.
• Identify claim trends.

Self-Insurance and Retention Analysis

• Analyze historical loss data.
• Evaluate deductible strategies.
• Recommend retention levels.
• Monitor self-insured reserves.

Reinsurance Coordination

• Assist in designing reinsurance structures.
• Coordinate annual renewals.
• Monitor catastrophe exposures.
• Review reinsurance recoverables.

Property Exposure Management
Maintain:

• Statement of Values (SOV)
• Total Insured Values (TIV)
• COPE data
• catastrophe modeling information

Lender Compliance

• Monitor insurance requirements.
• Coordinate lender certificates.
• Manage mortgagee schedules.
• Ensure policy compliance.

Reporting Responsibilities
Prepare quarterly reporting, including:

Insurance Dashboard

• Total premiums
• Claims activity
• Loss ratios
• Reserve development
• Deductible utilization

Captive Dashboard

• Captive surplus
• Combined ratio
• Retention levels
• Reinsurance utilization
• Return on capital

Minimum Qualifications
Experience

• 7+ years in commercial insurance, risk management, or underwriting.
• 3+ years managing property and casualty insurance programs.

Preferred Experience
Experience with: commercial real estate portfolios, retail centers, industrial assets, mixed-use projects, multi-state operations.

Highly Preferred Experience

• Captive insurance programs.
• Self-insurance structures.
• Alternative risk financing.
• Reinsurance placements.
• Catastrophe modeling.

Education
Required:

• Bachelor's degree in:
• Risk Management
• Finance
• Accounting
• Insurance
• Business Administration

Preferred:

• MBA
• MS Risk Management
• Insurance specialization

Professional Designations
Strongly Preferred: CPCU, ARM, CRM
Valuable: ARe, CIC, RIMS-CRMP, CPA

Technical Skills
The ideal candidate should possess working knowledge of:

Insurance Lines

• Commercial Property
• General Liability
• Umbrella
• Environmental
• Inland Marine
• Cyber
• Workers Compensation

Analytical Skills

• Loss runs
• Claims triangles
• Deductible analysis
• Reserve analysis
• Premium allocation
• Catastrophe exposure modeling

Software Skills

• Excel modeling
• Insurance management systems
• RMIS platforms
• Power BI or Tableau preferred

Personal Characteristics
The ideal candidate should be:

• Highly analytical
• Detail oriented
• Comfortable with financial modeling
• Able to negotiate with brokers and carriers
• Strong project manager
• Comfortable interacting with lenders and regulators

Other Details:
Experience: 7+ years
Location: Remote from Pakistan
Timings: US Time Zone

Work Location: Remote