Risk and Insurance Manager

Overview

Lead risk management and insurance strategy for construction projects, overseeing policies, claims, and compliance.

Key Responsibilities

• policy analysis
• claim tracking
• coi review
• risk dashboards
• prequalification program
• broker negotiation

Tasks

-Analyze and assess the strengths and weaknesses of various insurance policies and coverage types, including evaluating the impact of policy exclusions; provide expert recommendations to optimize the company's insurance portfolio and risk posture. -Analyze claim trends and recommend strategies to reduce frequency and severity. -Review and approve Certificates of Insurance for subcontractors and vendors. -Oversee all corporate insurance programs (general liability, builder's risk, workers' comp, auto, umbrella, etc.). -Ensure compliance with contractual insurance requirements for all future and current projects. -Ensure compliance with federal, state, and contractual requirements, including minority participation and certified payrolls. -Advise senior leadership on emerging risks and insurance market trends. -Negotiate terms and renewals with brokers and carriers for optimal coverage and cost. -Monitor insurance costs and loss ratios; prepare annual risk management budget. -Coordinate with legal counsel on complex claims. -Oversee periodic reviews of diversity companies and certified payrolls. -Manage insurance claims from initiation to resolution, including workman's compensation and general liability. -Develop a subcontractor risk prequalification program. -Implement tracking for claims management. -Create dashboards for risk metrics and compliance status. -Conduct annual insurance program reviews and benchmarking. -Provide leadership and oversight to the department's administrator, ensuring effective delegation and completion of risk, insurance, and compliance-related tasks. -Develop and maintain internal policies for insurance and risk management.

Requirements

• cpcu
• arm
• rims-crmp
• bachelor's
• 5+ yrs
• communication

What You Bring

-Deep knowledge of the insurance industry, including the ability to analyze and assess the strengths and weaknesses of various policies and types of coverage, and the impact of exclusions thereto (experience with claims administration (particularly property and liability) is a plus); -Ability to be approved by agencies/owners as required -CPCU, ARM, and/or other similar insurance designations. -Minimum of 5-7 years' experience with insurance and risk management in the construction industry. -Relevant work experience -The following certifications are preferred but not required: -Bachelor's degree in Business Administration/Economics/Finance or Management (or equivalent experience preferred). -RIMS-CRMP (Risk and Insurance Management Society - Certified Risk Management Professional); -Strong communication and interpersonal skills; -Ability to work under extreme time constraints.

People Also Searched For

Benefits

-*Final salary determination is negotiable*

About Iovino Enterprises, Llc.

-It serves both public and commercial clients, handling civil, electrical, mechanical, track, remediation and demolition work across major metropolitan agencies. -Its family of companies—TC Electric, J-Track, Welkin Mechanical, MLJ Contracting and Iovino Enterprise Partners—tackle projects from transit signal systems to tunnel and bridge works. -Typically engaged by heavy hitters like MTA, NYSDOT, PANYNJ and NYCDEP, its projects include tunnel work under Times Square and Brooklyn Bridge. -It supports its affiliates with centralized finance, HR, legal, IT and compliance services, enabling entrepreneurial growth under a shared vision.

Sector Specialisms