Director, Risk Management
About the role
The Director of Risk Management is responsible for designing, implementing, and managing the company’s enterprise risk management framework, with a primary focus on construction and operational risk, insurance programs, and risk transfer strategies.
Key Responsibilities
Develop and manage the company’s comprehensive construction and operational insurance programs, including General Liability, Builders Risk, Workers’ Compensation, Professional Liability, Environmental, and Property coverages.
Analyze loss trends and implement risk mitigation strategies to improve risk performance and reduce total cost of risk.
Structure, negotiate, and manage corporate surety programs (performance bonds, payment bonds, and other credit support instruments).
Manage relationships with surety providers and brokers to ensure capacity aligned with project pipeline.
Lead the design, implementation, and administration of Owner Controlled Insurance Programs (OCIP) on both a project specific and master portfolio basis.
Establish program structure, coverage scope, limits, and enrollment requirements.
Coordinate contractor participation, insurance credit processes, and compliance with program requirements.
Oversee program performance, including claims management and cost tracking.
Evaluate, design, and implement a captive insurance program to support long-term risk financing strategy.
Manage capital allocation, governance, and regulatory compliance for captive entities.
Integrate captive strategy with commercial insurance placement and retained risk.
Establish and manage a contractor prequalification and risk assessment program.
Partner with Construction and Procurement teams to enforce risk standards across all projects.
Oversee ongoing contractor risk monitoring and performance evaluation.
Manage multiple broker, carrier and underwriter relationships, building long term strategic partnerships as the primary relationship owner.
Negotiate pricing, coverage terms, and program structures.
Coordinate with brokers on program design, claims advocacy, and market intelligence.
Develop and maintain risk reporting frameworks for executive leadership.
Track enterprise risk exposures across construction, operations, and supply chain.
Provide regular updates on insurance performance, claims activity, and program effectiveness.
Ensure alignment with corporate risk appetite and financial objectives.
Partner with: Construction & Development – project risk planning, OCIP implementation, Legal – contract risk transfer and insurance provisions, Finance & Treasury – insurance cost modeling, captive capitalization, Operations – loss prevention and risk mitigation practices.
Skills & Requirements
Education & Experience: Bachelor’s degree in Risk Management, Finance, Engineering, or related field; 10+ years of experience in risk management, insurance, or construction risk; 7+ years of team management experience.
Technical Expertise: Direct experience with: Large-scale construction projects, OCIP/CCIP program design and execution, Surety program management, Complex insurance program placement, Contractor risk assessment methodologies.
Skills & Competencies: Strategic thinker with strong analytical and financial modeling skills; Ability to negotiate complex insurance and risk transfer structures; Strong stakeholder management and executive communication skills; Ability to operate effectively in a fast-paced, project-driven environment.
Key Performance Indicators
- Total cost of risk (TCOR) optimization.
- Insurance program performance and claims outcomes.
- Successful execution of OCIP and captive initiatives.
- Contractor risk quality and loss reduction.
- Surety capacity aligned with project pipeline.
EEO Statement
Edged is an equal opportunities employer. We believe in ensuring equal access to employment opportunities for all. We assess candidate qualifications and make recruiting decisions based on the experience, capabilities and skills you share with us in your application and applicable materials. Hiring and employment decisions within Edged are not based on religion, national origin, gender identity or expression, sexual orientation, age, or marital, veteran, or disability status. All your information will be kept confidential according to EEO guidelines.
Total Rewards Statement
This role is also eligible for a competitive benefits package that includes: medical, dental, vision, life, and disability insurance; 401(k) retirement plan; flexible spending and HSA accounts; paid holidays; PTO; employee assistance program; and other company benefits. Compensation for the role will depend on a number of factors, including your qualifications, location, skills, competencies, and experience and may fall outside of the range shown.
Contact
Contact: edcrecruiting@edged.us