Director Risk Management

Key Responsibilities: Strategic Risk Management 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 but not limited to: General Liability Builders Risk Professional Liability Workers’ Compensation Commercial Auto Umbrella/Excess Liability 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. Coordinate insurance audits, premium reviews, exposure reporting, and resolution of discrepancies with carriers and brokers. Benchmark insurance coverage, retentions, premiums, and program structure against industry practices and recommend adjustments as appropriate. 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. Monitor claim reserves, claim development, litigation strategy, and overall claims performance. Report significant claim activity, loss trends, and recommended mitigation actions to senior leadership. 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, including brokers, actuaries, legal counsel, captive managers, and consultants, 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. Ensure compliance with applicable regulatory, reporting, licensing, and governance requirements related to alternative risk financing programs. 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. Coordinate with finance, treasury, operations, and executive leadership to provide timely financial and operational information to sureties. Negotiate favorable bond terms, rates, collateral requirements, and program structure where appropriate. 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. Identify contract terms that may create elevated financial, operational, insurance, or compliance risk and recommend appropriate revisions or mitigation strategies. Ensure contractual insurance and risk requirements are aligned with company policies, insurance program capabilities, and project-specific exposures. 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. Collaborate with Fleet leadership on auto liability and physical damage exposures, driver qualification standards, vehicle maintenance protocols, telematics programs, and accident response procedures. Participate in regular reviews of claims trends, incident patterns, high-severity exposures, near-miss data, and loss prevention opportunities. Quantify the financial impact of safety and fleet loss reduction initiatives on insurance costs, experience modification factors, and total cost of risk. 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. Promote a practical, risk-aware culture that supports sound decision-making without creating unnecessary barriers to business execution. Coordinate with Finance and Accounting on risk-related financial reporting, reserve analysis, insurance accruals, and total cost of risk reporting. Support business continuity, disaster recovery, health and safety, security, and compliance initiatives as needed.

Minimum 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. Experience working with large general contractors, EPC firms, construction management firms, specialty contractors, or similarly complex project-based organizations. 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. Experience working with insurance brokers, carriers, sureties, third-party administrators, actuaries, legal counsel, and internal business leaders. Strong understanding