Risk Manager - Construction & Development

Four dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Clients and investors rely on us for expertise that spans institutional and opportunistic investment, development, hospitality, and brokerage and asset services. Our award-winning, collaborative culture empowers team members with resources and independence to work across boundaries in pursuit of innovative solutions, reinforcing a reputation for service excellence that translates to measurable results. Through offices nationwide and alliance partners around the globe, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at transwestern.com and @Transwestern.

Part of the Transwestern companies, Transwestern Real Estate Services (TRS) strives to add value for investors, owners, and occupiers across all commercial property types. Fueled by a holistic perspective of the real estate life cycle, agility and creativity are hallmarks of our approach, while vast national resources and sound market intelligence underpin customized recommendations and property solutions.

Transwestern is built on a common purpose - Empowering Good People to do Extraordinary Things Together. We are committed to the hiring of smart, passionate, hard-working people who understand the benefits of both collaboration and independence.

POSITION SUMMARY:

The Risk Manager - Construction & Development is responsible for identifying, evaluating, and managing construction-related risk exposures across a national portfolio of ground-up developments, major capital projects, and tenant improvements. Reporting to the Senior Vice President of Risk Management, this role partners closely with Transwestern's Development, Construction Project Management, Legal, Procurement, and Operations to ensure that contractual risk transfer, insurance placement, and loss prevention strategies appropriately protect the firm throughout the project lifecycle.

The position focuses heavily on construction risk management, including builder's risk programs, Owner's Interest Liability, OCIP/CCIP participation, contractor insurance compliance, contract review, and claims management.

POSITION ESSENTIAL FUNCTIONS

Construction Risk Management

• Identify, assess, and mitigate construction-related risk exposures for ground-up developments, redevelopments, and major capital projects
• Support project teams during pre-development, design, and construction phases to proactively address risk issues
• Advise on project-specific risk strategies including insurance structures, deductibles, retentions, and contractual indemnities
• Support underwriting submissions and portfolio-level analytics for construction exposures

Insurance Program Oversight

Manage and administer construction-related insurance programs, including:

• Builder's Risk
• OCIP/CCIP (owner-controlled or contractor-controlled programs)
• Contractor's Pollution Liability
• Professional Liability (design professionals)
• Installation Floater and Equipment Coverages
• Coordinate placement and renewal of construction insurance programs with brokers and insurers
• Evaluate project-specific insurance requirements versus enterprise programs

Contract Review & Risk Transfer

• Review and negotiate construction, design, and consulting agreements to ensure appropriate:
• Indemnification provisions
• Insurance requirements and risk transfer clauses
• Limitation of liability and consequential damages clauses
• Collaborate with Legal and Construction teams to align template contracts with corporate risk tolerance
• Assist in Contractor & Vendor Insurance Compliance for national development and construction project management operations

Claims & Loss Control

• Manage construction-related claims, including:

• Property damage

• Defective work

• Construction accidents and third-party liability claims

• Coordinate claims handling with carriers, adjusters, legal counsel, and internal stakeholders

• Analyze loss trends and recommend corrective actions to reduce future incidents

Safety & Loss Prevention

• Partner with Construction and Safety teams to promote strong site safety and loss control practices
• Review builder's risk loss control reports and field inspections
• Support development of best practices for contractor safety performance and site controls

Reporting & Leadership Support

• Prepare executive-level reporting on construction risk exposures, claims, and insurance performance
• Support investment committee and project approval processes with risk assessments and insurance input
• Contribute to continuous improvement of enterprise risk management and construction governance

Enterprise Risk Governance Support

• Support enterprise-wide risk management initiatives and ensure alignment with corporate risk strategies
• Assist in maintaining accurate risk data and reporting within RMIS platforms to support analytics and underwriting
• Provide training and guidance to project stakeholders on risk management best practices
• Support Senior Vice President of Risk Management in enterprise wide risk management initiatives.

POSITION REQUIREMENTS

Education:

• A Bachelor's degree with emphasis in Risk Management, Finance, Business, or a related field.,
• Relevant certifications (e.g., Certified Risk Manager, Certified Financial Risk Manager) are a plus.

Experience:

• 7+ years of proven experience in construction risk management, insurance, or related field

Technical Skills:

• Familiarity with commercial real estate risk management strategies, insurance, and risk transfer issues.

• Thorough understanding of Owner and Property Manager risk and insurance exposures.

• Experience supporting large-scale commercial real estate development projects

• Strong working knowledge of:

• Builder's risk insurance

• Construction contracts (AIA and negotiated forms)

• Construction liability and professional risk exposures

• Proficiency in Microsoft 365 (Teams, SharePoint, Word, PowerPoint, Excel, Outlook)

• Familiarity with use of online Risk Management Information Systems (RMIS)

Personal Skills:

• Ability to keep information and internal communications confidential.
• Demonstrate strong analytical capabilities with a high attention to detail.
• Ability to manage multiple projects, changing priorities and time-sensitive, workload(s).
• Ability to provide general direction/be self-managed/work independently.
• Ability to provide efficient, timely, reliable, and courteous service to internal and external customers.
• Exhibit excellent verbal and written communication for collaboration, negotiation, conflict mediation, and to work with a variety of personalities at all levels of the company.

Physical Skills:

• Travel may be required.

WORK SHIFT:

LOCATION:

Houston, TX

ABOUT US

Transwestern's Guiding Principles are woven into the fabric of our firm and underscore the value of each individual team member. We embrace inclusion - not only as the right thing to do, but as a reflection of who we are. It is our responsibility and heartfelt desire to create an environment that elevates the human spirit and brings out the best in everyone.

Different backgrounds, life experiences and cultures shape our individual perspectives and ultimately generate the best results for our clients. Strategic human capital planning combined with development initiatives foster a work environment that celebrates uniqueness and champions the achievements attained through collaboration.

Please note that all candidates selected for an offer of employment are subject to pre-employment background checks, which may include but are not limited to, based on the role for which they have been selected: criminal history, education verification, social media review, motor vehicle records, credit history, and professional license verification. In addition, your employment with Transwestern is subject to successfully passing a drug screen check prior to your starting with the Company along with satisfactory references.

We understand you have a choice when choosing where to work and pursue a career. We understand you are unique and have your story. We want to hear it. We encourage you to apply today so that you may become a part of the Transwestern story.