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Insurance & Surety Coordinator

4 months ago

Garden City, United States B2K Development, LLC Full time

**B2K **group of companies are pioneers in real estate development, construction, and management. B2K brings together convergent and divergent thinkers, those that dream and those that do, blending ingenuity, adaptability, and know-how into one shared vision; to not only build the most exceptional communities, but to continue to redefine exceptional living. As a fully integrated real estate company, we share our cross-departmental experience to continually learn, adapt, and evolve, merging our divisional expertise at every stage of the process, from concept through completion and beyond. This enables us to work smarter while working together to envision communities built for every part of life — from living, to working, to playing — now and for the future.

**Essential Functions**:

- Request and review all incoming insurance documents for compliance with project requirements and, log insurance details for each project.
- Provide operational support to Project Team in reviewing subcontractor insurance documentation and corresponding with the insurance industry to bring insurance into compliance with contract requirements.
- Prepare construction business subcontractor agreements.
- Undertake an initial contract review and negotiate standard contract provisions.
- Prepare ad hoc analyses as may be required internally, by prime and subcontractors, and/or by clients.
- General understanding of general liability, excess liability, workers’ compensation, professional liability, pollution liability, builders’ risk, property, and equipment policies and the insurance coverages contained in these policies; ability to independently review the same.
- Review and analyze prime and subcontractors’ certifications of insurance for compliance with subcontract agreement and authorize access to job sites.
- Follow up with subcontractors and agents regarding new, expired, and non-compliant insurance.
- Manage brokers and third-party professionals responsible for purchasing and negotiating insurance policies as well as closing out carrier audits.
- Maintaining a fundamental and thorough understanding of the claims process most importantly with respect to reserves and the development of claims
- Understanding all aspects of the surety program including pricing for bids.
- Working with internal cross-functional teams to set-up required insurance coverage.
- Understanding direct, indirect, consequential, and liquidated damages with respect to available insurance.

**Requirements**:

- Minimum of 5 years of relevant insurance experience as an insurance manager, underwriter, broker or claims manager
- 2+ years of experience in reviewing construction insurance requirements.
- 2+ years of legal or paralegal experience is a plus but not required
- 4 year college degree is required
- Thorough knowledge of MS Office Suite - Excel, Word, Team, Power point
- Experience working in construction, engineering, or insurance is strongly preferred
- Excellent oral and written communication skills and ability to maintain confidential information.
- Good organization skills and the ability to multitask on several projects simultaneously

**Job Types**: Full-time, Permanent

Pay: $100,000.00 - $110,000.00 per year

**Benefits**:

- 401(k)
- 401(k) matching
- Dental insurance
- Health insurance
- Paid time off
- Tuition reimbursement
- Vision insurance

Supplemental pay types:

- Bonus opportunities

Weekly day range:

- Monday to Friday

Work setting:

- In-person
- Office

People with a criminal record are encouraged to apply

**Education**:

- Bachelor's (required)

**Experience**:

- construction insurance: 2 years (required)
- relevant insurance: 5 years (preferred)

Ability to Relocate:

- Garden City, NY 11530: Relocate before starting work (required)

Work Location: Hybrid remote in Garden City, NY 11530