Director Risk Management

About the role

The Director of Risk Management is responsible for leading the development, implementation, and ongoing management of Primoris’ risk management strategy. This position provides strategic direction and operational oversight across enterprise risk, insurance, claims, surety, contractual risk, and loss prevention programs. The role partners closely with executive leadership, operations, finance, legal, safety, fleet, human resources, insurance brokers, carriers, and project teams to identify, evaluate, and mitigate operational, financial, contractual, legal, safety, environmental, and insurance-related risks.

Responsibilities

• Develop, implement, and continuously improve risk management programs, policies, and processes that support company strategy, operational objectives, and business continuity.
• Identify, assess, and monitor risk exposures across business operations, projects, contracts, insurance programs, financial structures, safety, fleet, environmental matters, and business continuity planning.
• Provide guidance and recommendations to executive leadership and business decision-makers regarding risk mitigation strategies, emerging exposures, and program improvements.
• Establish and monitor key risk indicators, loss trends, and risk-related reporting to support informed decision-making.
• Evaluate current and proposed business operations, processes, structures, and risk exposures to identify areas of potential loss, disruption, or financial impact.
• Lead, mentor, and develop risk and claims personnel to ensure the effective operation of the function.

Insurance Program Management

• Manage the company’s insurance portfolio, including General Liability, Builders Risk, Professional Liability, Workers’ Compensation, Commercial Auto, Umbrella/Excess Liability, and Pollution Liability.
• Lead annual insurance renewal activities in partnership with brokers, carriers, underwriters, finance, legal, and operational leaders.
• Evaluate coverage terms, limits, retentions, premiums, exclusions, and program structure to ensure alignment with company risk profile and project needs.
• Manage Builders Risk placements, including project-specific and blanket programs, ensuring coverage is appropriate for project scope, value, and contractual requirements.

Claims Management

• Oversee the claims management process across all lines of coverage, ensuring timely reporting, investigation, reserve review, and resolution.
• Provide leadership and direction to claims team members, third-party administrators, insurers, brokers, and defense counsel to support effective claims handling and cost control.
• Partner with legal, operations, safety, fleet, and project teams on complex, high-exposure, or litigated claims.
• Analyze claims data to identify loss trends, root causes, recurring exposures, and opportunities for corrective action.

Alternative Risk Financing

• Evaluate risk financing strategies, including large deductible programs, self-insurance, loss-sensitive programs, funded retentions, fronting arrangements, captive insurance structures, and other alternative risk transfer options.
• Partner with internal stakeholders and external advisors to assess feasibility and financial impact of alternative risk structures.
• Develop and review financial models related to risk retention, total cost of risk, cash flow impact, reserve adequacy, and long-term program sustainability.

Surety Bond Program Management

• Oversee the company’s surety bonding program, including bid bonds, performance bonds, payment bonds, and related surety requirements.
• Monitor bonding capacity, aggregate exposure, project backlog, and future business needs to ensure adequate surety support for company growth.
• Maintain strong relationships with surety partners and proactively manage the company’s surety credit profile.

Contractual Risk Review

• Review and provide guidance on risk-related contract provisions, including insurance requirements, indemnity, limitation of liability, waiver of subrogation, additional insured language, bonding requirements, and other risk transfer provisions.
• Support legal, operations, estimating, procurement, and project teams in evaluating risk terms within owner contracts, subcontracts, vendor agreements, supplier agreements, equipment leases, joint ventures, and professional services agreements.

Safety, Fleet, and Loss Prevention Partnership

• Partner with Safety, Fleet, Operations, and project leadership to reduce the frequency and severity of losses across Workers’ Compensation, General Liability, Auto Liability, and other lines of coverage.
• Translate claims data, incident trends, and loss drivers into actionable recommendations for safety programs, fleet initiatives, training, and field-level corrective actions.

Cross-Functional Leadership and Risk Culture

• Serve as a proactive risk management resource to business units and corporate functions, including operations, preconstruction, estimating, finance, legal, safety, fleet, human resources, procurement, and project teams.
• Educate and advise project managers, operational leaders, and other stakeholders on risk management practices, insurance obligations, claims reporting, and loss prevention.

Qualifications

• 10+ years of progressive experience in risk management, insurance, claims, contracts, legal compliance, project management, or a related function.
• Experience supporting construction, infrastructure, energy, industrial, commercial, heavy civil, utility, renewable energy, or specialty contracting operations.
• Demonstrated experience managing commercial insurance programs across multiple lines of coverage.
• Experience overseeing claims management and loss mitigation across Workers’ Compensation, General Liability, Auto Liability, Builders Risk, and other relevant lines.

Education

Bachelor’s degree in Risk Management, Construction Management, Engineering, Business Administration, Finance, Insurance, or a related field required. Master’s degree, MBA, or advanced degree in Risk Management, Finance, Business, or related field preferred.

Skills And Competencies

• Strong strategic, analytical, and financial acumen with the ability to evaluate risk exposure, total cost of risk, insurance program economics, reserves, and loss trends.
• Ability to translate complex risk, insurance, claims, and contractual concepts into practical business recommendations.
• Strong executive communication skills with the ability to present risk issues, program updates, and recommendations to senior leadership.

Benefits

• 401k w/employer match
• Health/Dental/Vision insurance plans
• Paid time off
• 10 paid holidays
• Stock purchase plan