Risk and Insurance Manager

Description

The Risk and Insurance Manager leads the company’s risk management and insurance strategy, ensuring robust protection of assets, compliance with all regulatory requirements, and proactive identification and mitigation of risks across all construction projects. This role is responsible for designing and implementing best-in-class insurance programs, managing claims, and advising senior leadership on risk-related matters, while administrative support is provided by the department assistant.

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

Requirements

Relevant work experience

Ability to be approved by agencies/owners as required

II. REQUIRED EDICATION AND EXPERIENCE

• Minimum of 5-7 years’ experience with insurance and risk management in the construction industry.
• Bachelor’s degree in Business Administration/Economics/Finance or Management (or equivalent experience preferred).
• CPCU, ARM, and/or other similar insurance designations.
• RIMS-CRMP (Risk and Insurance Management Society - Certified Risk Management Professional);
• 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 work under extreme time constraints.
• Strong communication and interpersonal skills;
• The following certifications are preferred but not required:

Benefits

*Final salary determination is negotiable*

Training + Development

Interview process

Visa Sponsorship

Security clearance