Director of Risk Management

Job Purpose

The Director of Risk Management is responsible for the strategic oversight, design, and execution of the Company's enterprise-wide risk management program. The Director partners closely with Legal, Operations, Safety, Finance, Human Resources, Preconstruction, and executive leadership to proactively identify, evaluate, and mitigate risk associated with construction operations with a focus on Project-specific risks and management of subcontractor prequalification and subcontractor default insurance.

Essential Duties

• Manage the Company's property and casualty insurance program, including general liability, workers' compensation, auto, umbrella/excess, builder's risk, professional liability, pollution, executive risk, and cyber coverage.
• Assist with compilation and development of data for annual renewal of corporate property and casualty insurance program.
• Oversee management of auto and workers' compensation claims and work closely with Legal to manage other insurance claims, including general liability, builder's risk, professional/pollution, including coordination with insurers and brokers.
• Oversee subcontractor and supplier prequalification and certificate of insurance compliance.
• Lead the Company's subcontractor default insurance, builder's risk, and contractor-controlled insurance programs.
• Oversee the Company's surety bond program and reporting requirements, including performance, payment, and license bonds.
• Develop and maintain strong relationships with the Company's broker partners and capitalize on their capabilities and knowledge to support the Department's strategic planning, duties and deliverables.
• Develop and maintain risk management policies, procedures, and training standards.
• Represent Risk Management in Company's project progression meetings and in cross-functional forums.
• Review and analyze the Company's loss trending reports and develop appropriate action plans.
• Maintain knowledge of trends in the construction insurance industry, including thorough working knowledge of insurance products, coverage, and pricing.
• 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.
• Identify educational needs within the Company and assist with presentations and training focused on insurance and risk issues.
• Lead, mentor, and develop the Risk Management team and establish department goals and performance metrics.

Additional Duties

• Primarily office-based with periodic travel to jobsites, broker meetings, and industry events. Availability to respond to urgent risk or claim matters as needed.
• This Job description is not all-inclusive. Other duties and responsibilities may be assigned from time to time and this job description may be revised with or without notice.

Reporting Relationships

• The position reports to the General Counsel / VP of Legal and Risk Management.
• Directly reporting to this position is the Risk Program Manager.

competencies

• Strong problem-solving abilities with sound judgment and tolerance for a high-pressure and dynamic environment.
• Ability to think creatively when approaching problem resolution, but ultimately decisive and be able to execute solutions.
• Results-oriented to ensure delivery of services in an accurate, complete, and timely fashion.
• Ability to project a positive attitude and handle challenging interpersonal situations.
• Ability to think strategically and guide the direction of the department.

qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Education and Experience

• Bachelor's degree required with advance degree preferred.
• Associate in Risk Management (ARM) preferred.
• Minimum of 10 years of progressive experience in construction risk management or related field.
• Experience in construction insurance and surety programs, claims management and risk transfer.
• Strong analytical and leadership skills with the ability to advise executive leadership.