Vice President Risk Management Position Available In Westchester, New York

Vice President Risk Management L+M Development Partners – 4.5 Larchmont, NY Job Details Full-time $225,000 – $275,000 a year 1 day ago Qualifications Yardi Residential construction Master’s degree Bachelor’s degree Risk management Senior level Master of Business Administration Construction Management Communication skills ProCore 10 years Full Job Description At L+M Development Partners, working together to build stronger communities is our mission. Our double bottom line philosophy means that we measure success not only in financial returns but also by the positive impacts we make in the communities we serve. Founded in 1984, L+M is a full-service real estate development firm that develops, invests, constructs, and manages properties with industry-leading innovation in a variety of urban markets nationwide, primarily in the New York Tristate Area. Recognized as one of the top affordable housing developers in the country, L+M and its affiliate companies are responsible for approximately $20 billion in development and investment, and combined have over 57,000 high-quality residential units in construction or that have been acquired, preserved, or completed. Please visit our website for more information: http://lmdevpartners.com. To learn more about our mission and values, go to https://lmdevpartners.com/mission-and-values/ Position Summary The Vice President of Risk Management is responsible for designing and executing an integrated risk strategy that protects the organization’s people, assets, and financial performance across all business lines—development, construction, investment, and property management with assets in 14? states. This executive will lead corporate risk as it relates to insurance, safety, claims, litigation exposure, and enterprise risk management (ERM). The role is central to maintaining operational continuity, reducing total cost of risk, and enhancing strategic resilience. The role is also responsible for developing measurable KPIs and OKRs that align the risk function with enterprise goals, operational resilience, and cost containment. Key Responsibilities Leadership and Team Management Lead and manage a risk management team of six, including staff focused on insurance, claims, safety, contract compliance, and risk analytics. Establish clear roles, responsibilities, and performance expectations aligned with corporate goals. Develop and manage KPIs and OKRs, leveraging technology platforms to track progress and enable data-driven management. Promote a culture of accountability, transparency, and proactive risk mitigation. Insurance and Risk Transfer Structure and manage the company’s insurance program, including OCIP and CCIP, general liability, builder’s risk, property, cyber, D&O, and other coverages. Oversee Alternative Risk Transfer and manage captive insurance programs. Negotiate terms and limits with brokers and carriers to optimize cost and coverage. Manage insurance brokers, insurance carriers, third party administrators, etc. Liase with development partners, investors, lenders and regulatory authorities as needed. Construction & Jobsite Risk Partner with construction leadership to develop and enforce safety protocols and site-specific risk plans. Monitor incident trends and implement mitigation strategies. Ensure vendor COI and policy compliance and enforce contractual risk transfer. Development & Regulatory Risk Collaborate with development and legal teams to anticipate and mitigate environmental risks. Claims and Litigation Management Manage internal and external claims processes; oversee claims resolution, litigation strategy, and reserves. Coordinate with legal counsel on construction, property, and employment-related litigation. Use Five Sigma or similar claims management systems to oversee claims intake, resolution timelines, and reporting. Leverage claims data analytics to identify trends, reduce costs, and improve risk transfer strategies Property Operations Risk Partner with property management leadership to develop and enforce safety protocols and site-specific risk plans. Monitor incident trends and implement mitigation strategies. Ensure vendor COI and policy compliance and enforce contractual risk transfer. Strategic Collaboration with Finance Partner with Finance leadership to develop forward-looking insurance and risk financing strategies that reduce volatility, optimize capital deployment, and protect asset value across the portfolio. Lead the evaluation and implementation of innovative risk transfer models—including captives, alternative risk financing, and portfolio-level programs—to mitigate exposure and reduce costs. Analyze market conditions and claims trends to proactively manage insurance renewals, structure deductible layers, and contain premium escalation. Provide financial modeling and scenario analysis to support budgeting, reserve planning, and long-term insurance strategy tied to development, operations, and asset management goals. Collaboration with Asset Management Partner with asset management to ensure appropriate insurance coverage, risk-adjusted performance reporting, and regulatory compliance across the portfolio. Provide asset-level claims insights, support capital planning with risk analysis, and contribute to strategic decisions related to refinancing, disposition, and value preservation. Align risk management strategies with asset business plans to minimize exposure, protect NOI, and meet lender and investor requirements. Coordination with Legal Department Work closely with the in-house legal team on claims management, litigation strategy, contract risk review, and regulatory compliance. Ensure insurance language, indemnification, and risk transfer provisions are properly negotiated and enforced in vendor, contractor, and development agreements. Collaborate on pre-litigation investigations, tenant and construction-related claims, and risk mitigation strategies tied to evolving laws and city/state regulations. Risk Culture & Training Develop and deploy company-wide training programs on risk awareness, safety, and compliance. Collaborate and coordinate with Construction and Property Management leadership. Promote a proactive risk culture across field operations and corporate departments. Enterprise Risk Management (future scope) Lead the enterprise risk assessment process; maintain and update a company-wide risk register. Define and report on risk-related KPIs/OKRs to the executive team and Board of Directors. Utilize platforms such as Archipelago (property risk data), Yardi (operations), and Procore (construction) to consolidate risk insights and monitor performance across business lines. Integrate risk data into strategic planning and quarterly business reviews. Qualifications Bachelor’s degree in Risk Management, Business, Construction Management, or related field; MBA, JD, or

ARM/CPCU

designation is preferred. 10+ years of progressive experience in risk management is required. Experience with real estate development, construction, investment, and asset management is preferred. Deep knowledge of insurance programs, claims management, and regulatory frameworks (NYC-specific knowledge required). Experience with captive insurance structures, wrap-up programs (CCIP and OCIP), alternative risk transfer products, and risk analytics. Strategic mindset with the ability to collaborate cross-functionally to structure creative, data-driven risk solutions that reduce total cost of risk and enhance portfolio resilience. Strong leadership, communication, and cross-functional influence skills. Familiarity with Five Sigma, Archipelago, Procore, and Yardi is preferred. L+M offers competitive compensation and benefits and tremendous potential with a growing residential real estate developer/builder organization. L+M is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

Disclaimer:

Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.