Development Risk Manager and Corporate Insurance Manager

WHY MIDPEN

At MidPen we build communities that change lives. Since 1970 we have been committed to our mission: to provide safe affordable housing of high quality to those in need; establish stability and opportunity in the lives of residents; and foster diverse communities that allow people from all ethnic social and economic backgrounds to live in dignity harmony and mutual respect.

We develop affordable housing provide professional property management for all our communities and coordinate robust onsite support programs that help residents thrive. We are active in 12 Northern California counties and have earned recognition as one of the nations leading nonprofit developers and stewards of affordable housing. Our current portfolio of more than 130 properties is home to 20000 working families seniors and people with special needs. We take pride in delivering affordable housing solutions and we invite you to join us on a journey toward social economic and racial equity.

BENEFITS AND COMPENSATION

In 2025 MidPen was again certified as an official Great Place to Work and for good reason! In addition we offer a bestinclass benefit package that includes healthcare options (Kaiser or Sutter) dental vision life & disability insurance. We also offer a wide range of voluntary benefits; 403(b) retirement investment opportunity and annual financial literacy and retirement planning options FSA for childcare medical and commuter benefit options Employee Assistance program and pet insurance for our furry feathered and scaled friends. In addition to 14 paid company holidays which include a paid winter holiday break between Christmas and the New Year we offer 4 paid wellness days for employees to disconnect and recharge. As a learning organization we encourage professional development and career advancement and we offer up to $3000 annually $12000 lifetime maximum) for education assistance with tuition reimbursement and/or loan debt relief that includes qualified family members. And as a familyfriendly company we offer a paid time off parental leave benefit of 12 weeks in a 12month period for new or expecting parents. Check out our benefits snapshot on our careers page.

PAY RANGE

$135000 $160000 Annual Salary Pay based on applicable experience and qualifications

POSITION OVERVIEW

The Development Risk Manager and Corporate Insurance Manager will work independently under the supervision of VP and Corporate Counsel to manage and coordinate the Development Departments risk management activities for predevelopment and construction period risks and exposures. This role will focus on insurance procurement for new developments/pipeline handle insurance claims during the development and construction process develop risk management best practices for development and construction risks support vendor/consultant risk management and contract negotiations and monitor and respond to lien claims. Additionally the manager will oversee MidPens Corporate Insurance Portfolio which includes managing and administering the corporate insurance portfolio and relationships with insurance brokers and carriers directing the review and renewal of existing insurance policies and programs and evaluating the need for and effectiveness of potential new insurance policies and programs to address corporate risk. The Development Risk Manager and Corporate Insurance Manager is expected to solve problems using judgment based on knowledge of existing insurance markets laws management policies and departmental practices and procedures.

This is a hybrid position based on current MidPen policy of working Tuesdays and Thursdays in the Foster City Office. Monday Wednesday and Friday option to work from home or the office. When working from home requires a reliable internet connection.

ESSENTIAL DUTIES

Insurance Procurement for Development Pipeline

• Works with Legal Department Insurance Brokers and outside counsel as necessary to secure Builders Risk General Liability Environmental Earthquake and Flood insurance coverage for Development pipeline projects
• Determines appropriate scope and levels of insurance coverage for pipeline projects
  • Determine if there are any gaps in coverage and advise on additional products for Development Projects
  • Conduct risk assessments for Development projects and pipeline considering various factors such as project scope location environmental conditions and contractual obligations
  • Analysis of exposure and data related to all submissions & quotations from the insurance marketplace
  • Provide analysis of loss history trends for MidPen and GCs and how they apply to the current market conditions and impact insurance premiums for Pipeline projects
• Manages collaboration between Development and Legal Department to evaluate and recommend selection of insurance policies for pipeline projects
• Preliminary estimates for insurance costs for pipeline projects
• Completes procurement of insurance policies for pipeline projects within project deadlines
• In coordination with project teams and Legal Department prepares insurance applications necessary to secure necessary insurance policies
• Review all policies and quotations
• Tracks and reports project insurance procurement status coverage amounts timing and renewal needs with project teams
  • Internal pipeline report
  • Project List
  • Summary of expiration date/ construction loan close
• Works with Project Teams and insurance brokers to obtain and evaluate insurance certificates for Pipeline Projects as needed for loan closings and external partners
  • Implement monthly calls with project team and broker for larger projects to ensure greater communication
• Assists Project Teams in review and negotiation on financing/land partner insurance requirements
• Collaborates with Legal Department and Development Leadership to identify evaluate and implement new insurance programs/policies for pipelines projects (e.g. Owner Controlled Insurance Programs)
  • Updates perm estimates on an annual basis for project team to update their budgets
• Develops and provides insurance related training and education to Development project teams
  • Assist in implementing insurance checklists for Development team to gather necessary insurance exposure information in a single format
  • Assist in guiding Development team in creation of insurance guidelines
• Develop and implement streamline process flow for Development Pipeline Insurance Procurement
• Assist Development Teams to identify and mitigate potential risks for construction projects including safety hazards
• Conduct thorough risk assessments considering various factors such as project scope location environmental conditions and contractual obligations
• Collaborate with project managers contractors and subcontractors to implement risk mitigation measures
• Ensure appropriate safety protocols are in place and followed throughout the construction process
• Monitor and assess project to identify any emerging risks and take proactive measures to address them promptly
• Support the Development team education and provide understanding of process flow as well as insurance jargon

Insurance Claims During Development & Construction Period

• Manages insurance claims for Pipeline Projects on behalf of project team (e.g. Builders Risk Pollution General Liability)
• Collaborates with Project Managers Corporate Counsel and Insurance Adjusters

Development Department Risk Management

• Manages collaboration between Development Department and Legal Department to establish and maintain policies and procedures to identify and address risks in the design and development of Pipeline Projects
• Reviews all binders and policies for accuracy
• Reviews and assesses risk management policies and protocols; makes recommendations and implements modifications and improvements

Vendor/Consultant Risk Management/Contract Negotiation

• Collaborates with Development project teams to evaluate risk profiles of General Contractors and Subcontractors
  • Reviews and advises project teams on General Contractor/Subcontractors loss runs and claims history documents
  • Reviews and evaluates General Contractor and Subcontractors insurance documents (COIs) for compliance with MidPen requirements
• Manages contract templates including standard insurance requirements version control and critical terms specific to insurancerelated risk
• Under direction of Corporate Counsel assists project teams with contract negotiations with General Contractors/Subcontractors regarding insurance requirements/indemnity and risk management
• Identifies and evaluates potential risk exposures and mitigations based on industry trends
• Recommends solutions for consideration by the Development Leadership Team

Lien Monitoring & Response

• Manages and performs process for tracking conditional and unconditional lien releases and work with project teams to mitigate lien risk
• Records and manages notifications of Notice of Completion filing
• Coordinates with Associate Corporate Counsel & Development Project teams for resolution of any lien claims

Management of Corporate Insurance Portfolio

• Independently manages and administers the corporate insurance portfolio and relationships with insurance brokers under the supervision of the Corporate Counsel
  • Administers all insurance policies and programs throughout policy year including all captive insurance company matters and all outside insurance vendors/brokers
  • Manages and works directly and independently with Brokers regarding services related issues and annual insurance renewals audits and inspections
    • Analysis of exposure and data related to all submissions & quotations from the insurance marketplace
    • Provide analysis of loss history and trends and how they apply to the current market conditions
• Review the existing portfolio to determine if there are any gaps in coverage and advise on additional products for MidPen
• Stays current with and evaluates new insurance options for presentation to and consideration by Corporate Counsel and the MidPen S Team
• Review all policies and quotations (annual and project specific)
  • Reviews all binders and policies for accuracy
• Manages coordinates administers and negotiates insurance claims (excluding property casualty and workers compensation) under the supervision of Corporate Counsel
• Coordinates with Development and Asset Management staff for additions and changes to existing insurance portfolio
• Maintains and provides all insurance certificates for all programs
• Ensures timely maintenance of insurance binders
• Manages and administers Broker/Carrier provided training programs
• Provides periodic insurance program training to departmental management and staff
• Assist the Property Management Risk Manager and Property Management Leadership in developing risk mitigation policies procedures training and programs to address and reduce Property Management liability exposure and claims related to property and personal injury matters
• Performs other duties as assigned

QUALIFICATIONS

To perform this job successfully an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the education knowledge skill and/or ability required.

Education and Experience

• Bachelors degree in Risk Management Finance or related field or an AA degree and four years relevant work experience or an equivalent combination of education and experience
• At least two years of related experience
• Familiarity with real estate development and construction preferred

Knowledge Skills and Abilities

• Thorough understanding of Insurance Coverage and Insurance Risk Management
• Development related Lines of Coverage (Builders Risk Construction GL PLL Earthquake Flood etc.
• How to read and understand insurance policies forms endorsements and certificates
• Insurance Procurement process and procedures
• Understanding of best practices of risk management
• Understanding of Development and Construction Process desired
• Property Acquisition
• Project Due Diligence/Evaluation process
• Project Entitlement process
• Environmental Review and Evaluation
• Understanding of vendor/consultant contracting process and documents
• Excellent verbal and written communication skills
• Strong mathematical and critical thinking skills
• Strong Analytical and problemsolving skills
• Excellent organizational skills and attention to detail
• Proficient with Microsoft Office Suite or related software to prepare reports and policies
• Must possess a valid California Drivers License with proof of current auto insurance and reliable transportation
• Commitment to the Mission and Values of MidPen Services and MidPen Housing

Physical Requirements

• Constantly perform deskbased computer tasks
• Frequently sitting
• Occasionally stand/walk reach/work above shoulders grasp lightly/fine manipulation grasp forcefully use a telephone sort/file paperwork or parts lift/carry/push/pull objects that weigh up to 15 pounds
• Rarely twist/bend/stoop/squat kneel/crawl

This description reflects managements assignment of essential functions it does not proscribe or restrict the tasks that may be assigned.

EQUAL OPPORTUNITY EMPLOYER

MidPen Housing Corp. provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race color religion age sex national origin disability status genetics protected veteran status sexual orientation gender identity or expression or any other characteristic protected by federal state or local laws.

Consistent with its obligations under the law MidPen Housing Corp. will provide reasonable accommodation to any employee with a disability who requires accommodation to perform the essential functions of his or her job. MidPen believes that diversity and inclusion among our teammates is critical to our success and we seek to recruit develop and retain the most talented people from a diverse candidate pool.