Commercial Insurance Specialist

This position is onsite at our downtown offices at 555 Capitol Mall.

Position Summary

The Commercial Real Estate Insurance Specialist is responsible for managing the organization’s insurance programs across both real estate portfolio and operating company activities. This role ensures appropriate risk transfer strategies are in place to protect assets, minimize financial exposure, and support development, acquisition, and operational activities. The specialist works closely with internal teams, as well as external brokers and carriers to optimize coverage, control costs, and manage claims effectively.

Essential Duties

1. Insurance Program Management

• Oversee all policies including, among others, property, general liability, builder’s risk, professional liability, umbrella/excess, management liability, cyber, auto and workers’ compensation.
• Ensure adequate coverage limits, deductibles, and policy terms aligned with risk exposure and business strategy.
• Coordinate annual renewals, underwriting submissions, and carrier negotiations.

2. Construction & Development Insurance

• Structure insurance programs for development and construction projects, including builder’s risk.
• Collaborate with legal department and contract administrator to ensure contracts include appropriate insurance requirements and risk transfer provisions.
• Collaborate with project managers to ensure subcontractor compliance with insurance requirements.

3. Portfolio Risk Assessment

• Evaluate insurance needs across business lines and property types (office, industrial, retail, etc.).
• Assess exposures such as natural catastrophes, tenant risk, vacancy, and geographic concentration.
• Partner with risk and finance teams to align insurance with enterprise risk management strategies.

4. Claims Management

• Lead the claims process from incident reporting through resolution.
• Coordinate with brokers, carriers, legal counsel, and internal stakeholders.
• Track claims trends and implement strategies to reduce frequency and severity.

5. Financial & Cost Management

• Analyze premiums, deductibles, and total cost of risk.
• Develop strategies to optimize insurance spend while maintaining appropriate coverage.
• Support budgeting and forecasting related to insurance costs.

6. Compliance & Documentation

• Ensure compliance with lender, investor, and regulatory insurance requirements.
• Maintain accurate records of policies, certificates of insurance, and coverage schedules.
• Support audits and due diligence processes for acquisitions, dispositions, and financing.

7. Vendor & Broker Management

• Manage relationships with insurance brokers, carriers, and third-party administrators.
• Evaluate broker performance and market options to ensure competitive coverage and pricing.

Requirements

Education & Experience

• Bachelor’s degree in Risk Management, Insurance, Finance, Business Administration, or related field.
• 5–10+ years of experience in commercial insurance, risk management, or brokerage.
• Experience with construction insurance and large real estate portfolios preferred.

Certifications (Preferred)

• Chartered Property Casualty Underwriter (CPCU)
• Associate in Risk Management (ARM)

· Construction Risk and Insurance Specialist (CRIS)

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Skills & Competencies

• Strong knowledge of commercial property and construction insurance products.
• Understanding of real estate development, property management, and capital structures.
• Ability to analyze complex risk exposures and insurance structures.
• Strong negotiation and vendor management skills.
• Excellent communication and cross-functional collaboration abilities.
• Detail-oriented with strong organizational and analytical skills.

Benefits

Working in downtown Sacramento, paid parking, health, dental, vision, life, LTD, insurance. 401K matching, Paid time off, sick pay, tuition reimbursement.