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.
  • Manage relationships with defense counsel and monitor litigation spend and strategy.
• 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.
  • Maintain and strengthen relationships with surety underwriters; proactively manage the company’s surety credit profile.
  • 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.
  • Champion a risk-aware culture throughout the organization by making risk management practical and accessible at all levels.
  • Coordinate with the Finance & Accounting teams on risk-related financial reporting, reserve adequacy, and total cost of risk analysis.

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.

Benefits

• Medical, dental, vision, basic life and disability insurance.
• Eligible for the company’s 401(k) plan.
• Vacation, sick and holiday pay.

Compensation Range

$169,482.00 - $203,378.00

Job Number

J13661