Contract Administrator

Job Locations US-NY-New York
Job ID
2566
Function
Insurance / Risk
Location Name
60 Columbus Circle

Overview

Related Companies is the most prominent privately owned real estate firm in the United States. Formed over 40 years ago, Related is a fully integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales.

 

Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, South Florida, Washington, D.C., Abu Dhabi, London, and Shanghai and boasts a team of over 3,500 professionals. The Company’s portfolio of over $50 billion in real estate assets owned or under development is made up of best-in-class mixed-use, residential, retail, office and affordable properties in premier high-barrier-to-entry markets. Related has developed preeminent mixed-use projects such as Time Warner Center in New York and CityPlace in West Palm Beach and is currently developing the 28-acre Hudson Yards project on Manhattan’s West Side. Related also manages approximately $4 billion of equity capital on behalf of sovereign wealth funds, public pension plans, multi-managers, endowments, and family offices. Related was recently named to Fast Company Magazine’s list of the 50 Most Innovative Companies in the World.

 

Related also owns Equinox® Fitness Clubs and SoulCycle further expanding the company's capabilities into the health and fitness arena and enhancing the value of its properties through an exclusive, branded amenity and lifestyle offering. Related is a partner in CORE, a boutique residential brokerage.

Responsibilities

The Related Companies, a privately-owned real estate owner, operator and developer, is looking to hire a Contractor Administrator within the Risk Management Department who will, under the direction of the Chief Risk Officer, have primary responsibility for reviewing, drafting and negotiating the risk-related provisions within a wide variety of contracts associated with real estate development, construction, ownership and management. The position requires a detailed understanding of insurance coverage, the traditional allocation of risk between the contract parties, and how those allocations are evolving in the current business environment.  Success in this position will require the ability to discuss the coverage and contract provisions with various business units, consultants and internal/external legal counsel, and to develop and negotiate mutually acceptable compromise to problematic contract provisions.   

 

  • Coordinate with business units, internal/external legal counsel and risk management consultants on the review, analysis, interpretation and negotiation of the insurance and risk-related provisions in all types of contracts typical to real estate development and operations, including, but not limited to, lease, property management, access, license, finance, construction/development and partnership agreements.
  • Log, review, track and negotiate agreements in a timely manner; reviewing for accuracy, continuity, completeness and adherence to risk management department policies, applicable insurance coverage, and industry norms.
  • Analyze and communicate potential risks that contract changes may pose to the organization.
  • Strong ability to revise language within existing contracts, as well as draft and collaborate on the development of new corporate contract templates, creating department and company standards and rules.

Qualifications

  • Minimum of 5 years in the commercial risk management industry with relevant contractual risk transfer experience, preferably including experience with the commercial real estate industry.
  • Ability to work independently but also be a team player.
  • Strong organizational and time management skills, with the ability to manage multiple matters and accommodate tight deadlines while working in a fast-paced and rapidly evolving environment; flexibility or long hours, if and when necessary.
  • Have a practical, solutions-oriented approach when faced with complex legal and business issues with the ability to analyze understand varying viewpoints and to develop viable solutions. 
  • Impeccable attention to detail.
  • Excellent written and verbal communication skills. 
  • Superior interpersonal skills:
    - Ease in working with people up and down the organization hierarchy
    - Skilled in professional negotiation
    - Naturally adaptive to different audiences
    - Diplomatically assertive.
  • Demonstrated ability to act with discretion and judgment and maintenance of confidentiality.
  • Strong sense of integrity and ethics; values entrepreneurialism; demonstrates strong intellectual curiosity; always seeking new approaches and challenging the organization to new levels of success.

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