Risk Manager

Risk Management – Key Responsibilities

• Review contracts to confirm insurance requirements and verify availability of compliant Builder’s Risk coverage.
• Care for coordination of standalone Builder’s Risk policies for projects exceeding $10M, including submission of all required documentation (applications, budgets, schedules, site plans, reports, and plans).
• Evaluate coverage options with the broker and confirm appropriate policy selection.
• Maintain continuous coverage through project completion by managing extensions and resubmissions.
• Maintain annual bonding capacity documentation and provide to leadership.
• Manage the submission, review, execution, filing, and tracking of all bond types (bid, performance, payment, maintenance, completion, etc.).
• Verify issued bonds for contract compliance prior to execution and ensure proper closeout.
• Issue and distribute certificates of insurance in accordance with executed contracts.
• Coordinate standalone policies as required through the broker.
• Administer OCIP enrollments for company and subcontractors across all tiers.
• Track OCIP certificates, manage policy closeout, and coordinate credits or reconciliations at project completion.
• Oversee SDI (Subguard) enrollment at project setup, ensuring accurate cost reporting and compliance with policy limits.
• Manage subcontractor prequalification and documentation for contracts that exceed $40M.
• Confirm all required endorsements and obtain project approval for premiums.
• Process invoicing, accounting entries, and final cost reconciliations, including refunds where applicable.
• Review all broker invoices for accuracy and rate compliance.
• Code and submit insurance-, bond-, and SDI-related invoices for payment in accordance with accounting requirements.
• Serve as primary liaison with insurance brokers and carriers to ensure policy compliance and timely execution