Position Summary
The Risk Manager will work to identify and assess potential risks to construction projects and the Company, taking into account financial, legal, environmental, and reputational risks, and management of of comprehensive corporate insurance program. This role will work with internal teams to create policies and processes to reduce the impact of those risks.
Essential Job Functions, Duties and Responsibilities
The following statements are intended to describe the general nature and level of work being performed by individuals assigned to this position. They are not intended to be an exhaustive list of all duties, responsibilities and skills required of personnel so classified.
- Design and carry out corporate risk management processes, including business continuity plans.
- Manage day-to-day interactions between all project participants, brokers, and insurers related to risk management and insurance issues.
- Analyze and understand insurable risks and potential risk mitigation opportunities; interact with operational groups to ensure coordination between project activities, exposures, and appropriate insurance coverage.
- Manage master Builders Risk program, including reporting and premium allocations.
- Assist with management of corporate Subcontractor Default Insurance program including coordination with internal teams, external sales discussions, and management of broker and insurer relationships.
- Analyze and provide appropriate prequalification feedback on subcontractor partners.
- Oversee internal claim management efforts (workers compensation, general liability, automobile liability, builders risk) to include oversight of third party administrators, insurers, and defense attorneys.
- Maintain knowledge of trends in construction insurance industry, including thorough working knowledge of insurance products, coverage and pricing.
- Assist with compilation and development of data for annual renewal of corporate property and casualty insurance program, including management of brokers, approval of submissions, and negotiation of terms and premiums.
- Assist with budgets, forecasts and financial reports, including the analysis of annual insurance premiums, financial performance of insurance programs, and determination of billing rates and premium allocations.
- Complete operational risk assessments.
- Train staff to increase awareness of processes and communicate policies.
Educational, Skills, and Experience Requirements
- Bachelor’s degree in Accounting, Business Administration, or related field required.
- 5-7 years of related experience in insurance, risk management, and surety broker experience required. Construction finance/accounting experience a plus.
- Excellent analytical, organizational, and time management skills required.
- Proficiency in Microsoft Office required.
- Excellent communication and interpersonal skills, with an ability to engage effectively with a variety of stakeholders.
Working Conditions
Physical requirements include the following:
- Regularly required to sit; use hands to handle or feel; reach with hands and arms; and talk or hear.
- Occasionally required to stand and walk.
- Occasionally lift and/or move up to 10 pounds.
- Hearing and speaking ability sufficient to carry on a conversation with another individual (or groups of individuals) in person and over the telephone.
Company Benefits
- Medical Insurance
- Dental Insurance
- Vision Insurance
- 401(k) with Matching
- Paid Time Off
- Additional supplemental benefits such as disability insurance, accident insurance, hospital indemnity insurance, life insurance