Insurance Administrator

The Insurance Administrator is responsible for managing all aspects of the company's property and casualty insurance program. Specifically, this role is responsible for managing all aspects of insurance administration for construction projects, including reviewing contracts, ensuring compliance with insurance requirements, and maintaining accurate records.

Responsibilities

• Insurance Compliance:
• Review construction contracts to identify insurance requirements.
• Identify potential risks on construction sites and recommend appropriate insurance coverages.
• Ensure all contractors and subcontractors maintain proper insurance coverage.
• Monitor certificates of insurance (COI) for accuracy including expiration dates.
• Stay updated on state and federal insurance regulations relevant to construction.
• Maintain accurate insurance documentation and records with periodic audits.
• Policy Management:
• Review and maintain existing insurance policies to ensure adequate coverage for construction projects.
• Coordinate policy renewals with brokers, including requesting quotes and negotiating terms.
• Monitor policy compliance with legal and regulatory requirements.
• Document Management:
• Maintain and update insurance records for all projects.
• Track renewals and obtain updated COIs as needed.
• File and organize documentation to ensure compliance with company and legal standards.
• Claims Administration:
• Assist in filing and managing insurance claims related to construction projects and facilities.
• Support claim resolution, timely payments, and closeout.
• Risk Assessment, Analysis, and Reporting:
• Identify potential insurance-related risks and recommend mitigation strategies.
• Prepare reports and summaries on insurance compliance and claims status.
• Prepare reports summarizing cost of risk and risk exposures.
• Communication:
• Coordinate with project managers, contractors, and insurance agents to address coverage requirements and issues.
• Provide guidance and training to internal customers regarding insurance policies and procedures.

Qualifications

• Associate degree in Risk Management (ARM) and/or minimum 5 years' relevant experience.
• Associate or bachelor's degree in insurance or business management preferred.
• Strong understanding of construction property and casualty insurance policies, including general liability, workers' compensation, and builder's risk.
• Familiarity with construction practices, project phases, and common risks associated with construction projects.
• Familiarity with alternative delivery construction methods and their unique risk elements.
• Familiarity with owner-controlled insurance programs (OCIP), contractor-controlled insurance programs (CCIPS) and Joint Ventures (JVs).
• Familiarity with insurance requirements in monopolistic states.
• Ability to analyze data, identify trends, and make informed decisions regarding insurance coverage.
• Proven ability to successfully support the administration of a risk and insurance program.
• Ability to develop and maintain strong relationships with brokers and TPAs.
• Strong communication and problem-solving abilities. Ability to provide customer service to internal and external customers and maintain confidentiality and discretion when communicating in both verbal and written formats.
• Strong organizational, problem solving, and prioritizing skills; flexibility in performing multiple tasks in high-stress situations.
• Computer literate: Word, Excel, Outlook, SharePoint, PowerPoint, etc. Experience with ERPs and/or other insurance related software preferred.

Benefits

• Medical & Dental Insurance
• Paid Parental Leave
• 401(k) Savings Plan w/company match
• Profit Sharing
• Dependent Care and Health Care Reimbursement Plan
• Life Insurance & Dependent Life Insurance
• Short-Term & Long-Term Disability
• Holidays/Vacation/Sick Pay
• Educational Assistance
• Computer Purchase Program