What are the responsibilities and job description for the Risk Management Associate, Construction position at OC Sports & Entertainment?
The annual base salary range for this position in California is $92,000 to $115,000 per year. The starting pay for the successful candidate depends on various job-related factors, including but not limited to the candidate’s geographic location, job-related knowledge, skills, experience, education/training, internal value, peer equity, external market demands, and organizational considerations.
The Risk Management Associate, Construction is responsible for identifying, assessing, and mitigating risks associated with our construction projects. The successful candidate will manage our constructive insurance programs, ensure compliance with industry regulations, and implement risk management strategies to protect our assets and enhance project outcomes.
Responsibilities
- Conduct comprehensive risk assessments for all construction projects, which may include labor issues, safety hazards, time and schedule risks, environmental risks, design errors, reporting issues, and disputes
- Coordinate and track certificates of insurance for all non-OCIP GCs, subs and trades
- Responsible for incident tracking and reporting to the respective carriers
- Manage loss control report reviews, carrier and third-party coordination and claims management for OI, OCIP, Builder’s Risk, Contractor Pollution, and residual claims from surrounding community
- Manage the administration of the construction insurance program, as projects begin and end, which requires significant information gathering, application submission tasks
- Serve as overflow for claims management for our non-construction businesses and further utilization and optimization of Origami
- Collaborate with project managers to integrate risk management practices into project planning and execution
- Oversee the procurement and management of all construction insurance policies, including owner’s protective professional indemnity, owner’s interest and builder’s risk insurance
- Review and negotiate insurance terms and conditions to ensure adequate coverage and cost-effectiveness
- Handle claims management, working closely with insurance carriers, legal teams, and other stakeholders
- Ensure compliance with local, state, and federal regulations related to construction risk management and insurance
- Prepare and maintain detailed reports on risk assessments, insurance coverage, claims, and compliance issues
- Develop and implement risk management policies and procedures
- Stay updated on industry trends, best practices, and regulatory changes
- Provide guidance and support to project teams on risk-related issues
- Work closely with project managers, safety officers, legal counsel, and other stakeholders to address risk management and insurance concerns
- Build and maintain relationships with insurance brokers, underwriters, and other external partners
- Assist in procuring, renewing, and policy maintenance for personal lines insurance matters such as homeowners, personal and umbrella liability insurance, as needed
- Perform other duties and projects as assigned
Skills
- Bachelor's degree in Risk Management, Insurance, Construction Management, or a related field
- Minimum of 5 years of experience in risk management and insurance within the construction industry preferred
- In-depth knowledge of construction risks, insurance products, and claims management
- Strong analytical and problem-solving skills
- Excellent communication and interpersonal skills
- Proficiency in risk management software and tools
- Professional certifications such as ARM (Associate in Risk Management) or CPCU (Chartered Property Casualty Underwriter) are preferred
Knowledge, Skills, and Experience
Education - Bachelor's Degree
Experience Required - 5 Years
This position is on-site.
Salary : $92,000 - $115,000
