Essential Job Functions, Duties and Responsibilities
- Design and carry out corporate risk management processes, including business continuity plans.
- Manage day-to-day interactions between all project participants, brokers, and insurers related to risk management and insurance issues.
- Analyze and understand insurable risks and potential risk mitigation opportunities; interact with operational groups to ensure coordination between project activities, exposures, and appropriate insurance coverage.
- Manage master Builders Risk program, including reporting and premium allocations.
- Assist with management of corporate Subcontractor Default Insurance program including coordination with internal teams, external sales discussions, and management of broker and insurer relationships.
- Analyze and provide appropriate prequalification feedback on subcontractor partners.
- Oversee internal claim management efforts (workers compensation, general liability, automobile liability, builders risk) to include oversight of third party administrators, insurers, and defense attorneys.
- Maintain knowledge of trends in construction insurance industry, including thorough working knowledge of insurance products, coverage and pricing.
- Assist with compilation and development of data for annual renewal of corporate property and casualty insurance program, including management of brokers, approval of submissions, and negotiation of terms and premiums.
- Assist with budgets, forecasts and financial reports, including the analysis of annual insurance premiums, financial performance of insurance programs, and determination of billing rates and premium allocations.
- Complete operational risk assessments.
- Train staff to increase awareness of processes and communicate policies.
Educational, Skills, and Experience Requirements
- Bachelor’s degree in Accounting, Business Administration, or related field required.
- 5-7 years of related experience in insurance, risk management, and surety broker experience required. Construction finance/accounting experience a plus.
- Excellent analytical, organizational, and time management skills required.
- Proficiency in Microsoft Office required.
- Excellent communication and interpersonal skills, with an ability to engage effectively with a variety of stakeholders.