What are the responsibilities and job description for the Risk Manager position at PC Construction Company Career Center?
The risk manager will identify, assess, and mitigate potential risks that could impact the company’s health and objectives by following PC’s risk management strategies, policies, and procedures to minimize threats and ensure compliance with regulations. Key functions include overseeing and coordinating placement and administration of the Corporate Property & Casualty Program, Surety Program, Contractor Controlled Insurance Program (CCIP), Subcontractor Default Insurance Program (SDI), Builder’s Risk, and other project-specific coverages in addition to managing the claims process with Legal and broker teams and providing timely and accurate review, analysis and recommendations of insurance coverage issues related to construction contracts, lease agreements, subcontract agreements, purchase orders and consultant agreements in collaboration with other Corporate departments.
The right candidates will have a bachelor’s degree and 8-10 years of construction risk management, insurance underwriting, or account manager experience. Extensive knowledge of the insurance market and strong organizational, time management, and analytical skills are required. Construction industry experience is preferred.
Key Responsibilities:
- Track pipeline pursuits, review and analyze bid documents and specifications to set strategy and pricing. Manage the process to ensure that all projects are properly protected with competitive pricing and that all pre-bid deliverables are provided per the deadlines required by internal stakeholders and project starts.
- Manage and have overall responsibility for insurance quote requests, COIs, Surety Bonds, administration, extensions, and closeouts for pursuits and projects across the company.
- Maintain a continuous collaboration with internal stakeholders for a clear understanding of evolving risk and upcoming project needs. Responsiveness is critical to success.
- Maintain a strong relationship with insurance and surety broker partners to ensure the efficiency of program administration functions, program invoicing, policy issuance, and certificate of insurance requests.
- Utilizing third-party vendors and technology, coordinate review of Owner supplied insurance coverages (i.e., builders’ risk, OCIP) and other project-specific insurance as well as Subcontractor furnished insurance policies to ensure the adequacy of such coverage and to identify any gaps in coverage; recommend alternatives and solutions.
- Collaborate with broker partners to develop, implement, and manage company sponsored Contractor Controlled Insurance Programs (CCIPs), and Subcontractor Default Insurance Programs (SDI), including the ongoing financial evaluation of programs as well as the rollout and monitoring of the program at the project site.
- Coordinate with project teams to ensure that all project-specific insurance coverage and bonds are managed throughout the lifecycle of the project and the respective extended reporting period and/or completed operations period.
- Coordinate renewals and underwriting requests with various insurance brokers providing accurate and organized information.
- Participate/lead training with Operations Teams.
- Maintain project records and claims databases as well as all policy documentation.
- Provide accounting support to ensure all invoices are remitted timely and premiums are allocated to projects/cost centers as appropriate.
This position can be based in our South Burlington, Vermont office, or one of our other regional offices located in Charlotte, NC, Atlanta, GA, or Palm Coast, FL. This position can be based full-time in the office, or on a hybrid basis, which includes three days in office.
100% EMPLOYEE OWNED
PC Construction is an Equal Opportunity Employer that values and respects the importance of a diverse and inclusive workforce. We recognize that diversity and inclusion are a driving force in the success of our company.
About PC Construction: PC offers general contracting, construction management and design-build services to private and public clients across the country. The company manages projects along the east coast from its headquarters in Vermont and a network of locations in Florida, Georgia, Maine, New Hampshire, New York, North Carolina and the Mid-Atlantic. From specialized buildings to complex water and wastewater treatment plants, PC is ranked annually as one of the top contractors in the country. A construction industry leader for over 65 years, PC Construction is guided to success by its team of dedicated employee-owners. #LI-Hybrid