Director, Risk Management

Job Description

This job description reflects management's assignment of essential functions; it does not prescribe or restrict the tasks that may be assigned.

Position Responsibilities and Duties

• Strategic Risk Leadership
  Working with leadership, develop, implement, and continuously refine a comprehensive Enterprise Risk Management (ERM) framework aligned with company strategy and growth objectives.
  Proactively present risk management recommendations, trend analyses, and program updates to executive leadership and the Board.
  Establish and track key risk indicators (KRIs) and present regular risk dashboards to senior management.

• Insurance Program Management
  Lead all aspects of annual insurance renewals across all lines of coverage, including General Liability, Workers’ Compensation, Commercial Auto, Umbrella/Excess, Professional Liability, and Pollution Liability.
  Manage Builders Risk policy placements, including project-specific and blanket programs, ensuring appropriate coverage terms and limits aligned with project scope and value.
  Conduct and oversee insurance audits, ensuring accurate premium computation and resolving discrepancies with carriers.
  Maintain strong relationships with brokers, underwriters, and carriers; actively market the company’s risk profile to secure favorable terms and pricing.
  Benchmark coverage, retentions, and premiums against industry peers and recommend program adjustments.

• Alternative Risk Financing & Captive Development
  Lead the feasibility analysis, design, and potential implementation of a captive insurance company or other alternative risk transfer vehicles.
  Evaluate self-insurance programs for appropriate lines of coverage, including fronting arrangements, loss-sensitive programs, and funded retentions.
  Partner with external advisors (actuaries, captive managers, legal counsel) to structure, domicile, and operate alternative risk financing programs.
  Develop financial models to assess risk retention strategies and their impact on company cash flow and total cost of risk (TCOR).
  Ensure regulatory compliance for all alternative risk structures, including captive licensing, reserve adequacy, and reporting requirements.

• Claims Management
  Oversee the end-to-end claims management process across all lines of coverage, ensuring timely reporting, investigation, and favorable resolution.
  Collaborate with project teams, legal counsel, and third-party administrators (TPAs) to manage complex or litigated claims effectively.
  Analyze claims data to identify trends, root causes, and systemic exposures; use findings to drive loss prevention initiatives.
  Establish reserves and monitor claim development against projections; report significant claim activity to senior leadership.

• Surety Bond Program Management
  Oversee the company’s surety bonding program, including the management of bid bonds, performance bonds, and payment bonds across all active projects.
  Monitor aggregate bonding capacity and provide leadership with forward-looking analyses of bonding availability relative to backlog and growth plans.
  Maintain and strengthen relationships with surety underwriters; proactively manage the company’s surety credit profile.
  Coordinate with finance and operations to provide sureties with timely financial and operational updates
  Negotiate favorable bond terms, rates, and collateral requirements.

• Safety & Fleet Partnership — Loss Reduction
  Serve as a strategic partner to the Safety department with a shared and explicit mandate to reduce both the frequency and severity of losses across all lines — including Workers’ Compensation, General Liability, and auto/fleet exposures.
  Translate claims data and loss trends into actionable safety program priorities and field initiatives.
  Establish regular cadence with Safety leadership to review open claims, incident patterns, high-severity exposures, and near-miss data; jointly develop loss prevention programs targeting the most significant contributors to claim frequency and cost.
  Partner closely with Fleet management to oversee auto liability and physical damage exposures; collaborate on driver qualification standards, telematics programs, vehicle maintenance protocols, and accident response procedures to measurably reduce fleet claim frequency and severity.

• Present joint Risk/Safety loss analyses to senior leadership on a regular basis, including lagging indicators (claim counts, incurred costs, experience modification rates) and leading indicators (near-miss rates, safety audit scores, training completion) with trend commentary and recommended interventions.

• Quantify the financial impact of safety and fleet loss reduction initiatives on insurance program costs, experience modification factors, and total cost of risk; use this data to build the internal business case for loss prevention investment.

• Cross-Functional Collaboration & Risk Culture
  Serve as a proactive risk resource embedded across all business functions, including preconstruction, field operations, Safety, Fleet, finance, legal, and human resources — anticipated and present at the table before decisions are made, not consulted after the fact.
  Educate and train project managers, superintendents, and other stakeholders on risk management best practices, insurance obligations, and loss prevention.

Minimum Skills or Experience Requirements

• Education
  Bachelor’s degree required in Risk Management, Insurance, Finance, Business Administration, or a related field.
  Master’s degree (MBA or MS in Risk Management) strongly preferred.

• Experience
  Minimum of 15 years of progressive risk management experience, with at least 5 years in the construction industry or a closely related sector preferred.
  Demonstrated experience managing commercial insurance programs in excess of $500 million in insured value or revenues.
  Hands-on experience with alternative risk financing, captive insurance programs, or large deductible/self-insurance structures preferred.
  Experience managing surety programs for a general contractor, specialty contractor, or construction manager.
  Proven track record of claims oversight and cost containment across multiple lines of coverage.
  Experience negotiating contracts and providing risk-related legal guidance in collaboration with counsel.

• Licenses & Certifications
  Certified Risk Manager (CRM) or Associate in Risk Management (ARM) designation preferred
  Chartered Property Casualty Underwriter (CPCU) designation preferred.
  Associate in Captive Insurance (ACI) or similar designation a plus.

Skills & Competencies

• Strategic Thinking
  Ability to anticipate risk exposures before they materialize and translate complex risk concepts into actionable business recommendations.

• Executive Communication
  Skilled at presenting risk topics to non-technical audiences, including Boards and C-suite leadership, with clarity and credibility.

• Financial Acumen
  Proficient in total cost of risk modeling, actuarial concepts, reserve analysis, and the financial mechanics of captive and self-insurance structures.

• Construction Knowledge
  Deep familiarity with construction operations, project delivery methods (GC, CM-at-Risk, Design-Build), and the associated risk environment.

• Negotiation
  Effective negotiator with carriers, brokers, sureties, and counterparties on contracts and risk terms.

• Cross-Functional Leadership
  Demonstrated ability to influence without direct authority across departments and project teams.

• Technology
  Proficiency with risk management information systems (RMIS), claims management platforms, and data analytics tools.

Benefits

• Medical, dental, vision, basic life and disability insurance.

• Eligibility for the company’s 401(k) plan.

• Vacation, sick and holiday pay.

Compensation Range

$169,482.00 - $203,378.00

Job Number

J13661