What are the responsibilities and job description for the Assistant Risk Manager position at M. B. Kahn Services, LLC?
Primary Function: Supports the Risk Management team in identifying, assessing, and mitigating risks associated with commercial construction projects. This role focuses on minimizing potential impacts on project timelines, budgets, quality, and safety. The Assistant Risk Manager collaborates closely with departments such as project management, safety, legal, and finance to ensure effective implementation of risk management processes across all construction projects.
Responsibilities:
- Assist with managing subcontractor prequalification and default protection program.
- Review subcontractor certificates of insurance for compliance with requirements.
- Review commercial construction contracts to identify potential risks related to liabilities, insurance coverage, indemnities, and other legal obligations.
- Collaborate with project teams and insurance providers to ensure that all projects have appropriate insurance coverage and contractual protections.
- Assist in analyzing and managing claims, disputes, and other risk-related incidents that arise during the project life cycle.
- Verify policy coverage and endorsements on all new business and corporate insurance renewals.
- Maintain a comprehensive understanding of the markets, guidelines, underwriting guidelines, and submission procedures.
- Review all applications, policies, endorsements and audits for accuracy
- Develop risk mitigation plans, including proactive measures to minimize or eliminate risks.
- Recommend cost-effective solutions for managing risks and ensure that mitigation strategies are effectively implemented.
- Support the Risk Manager in evaluating both external and internal risk factors, including market conditions, project-scope changes, contractor performance, and unforeseen site conditions.
- Complies with M. B. Kahn’s Safety Program, OSHA guidelines, and Company policies, procedures, and standards.
- Promote integrity, honesty, hard work, safety, and quality throughout all aspects of the project and is a professional representative of M. B. Kahn.
- Perform additional assignments as directed by management or as required for successful project completion.
Qualifications:
- Education: Bachelor’s degree in Risk Management, Business Administration, Construction Management, or a related field.
Experience:
- Experience in risk management, insurance, or a related field (preferably within the construction, engineering or commercial lines).
- Familiarity with contract surety bonds and insurance policies, such as general liability, builder’s risk, and workers’ compensation.
Skills & Competencies:
- Knowledge of commercial construction processes, risk management practices, and construction-specific regulations.
- Analytical mindset with excellent problem-solving and data interpretation skills.
- Strong written and verbal communication skills, with the ability to present complex risk analysis to diverse stakeholders.
- Ability to prioritize and manage multiple projects simultaneously in a fast-paced environment.
