Risk Manager

About the Position

Power Design is seeking a motivated professional to join our growing Legal team as our Risk Manager. This exciting opportunity allows for innovative expression and plays a critical role in managing the company's insurance program and ensuring that all construction-related risks are adequately covered. In this role, you will be responsible for purchasing and negotiating insurance policies, managing renewals, conducting risk assessments, and developing a strategy to minimize the company's exposure to risk.

Located at our headquarters in St. Petersburg, Florida, you’ll experience a new-age company culture mixed with 30 years of strong industry reputation and a fast-paced environment that inspires. If you are passionate about building relationships, driven by data to ensure a seamless compliance strategy, and motivated by the creation of new programs, this role could be perfect for you! Ready to make your impact at Power Design? Apply today!

Position Details/Responsibilities

• Purchase and negotiate construction insurance policies that meet the unique needs of the company, including general liability, builder's risk, professional liability, and other types of construction insurance as required.
• Manage the renewal of construction insurance policies to ensure that coverage is maintained and premiums are reasonable.
• Conduct regular risk assessments to identify potential construction-related risks such as damage to property, materials or equipment, workplace injuries, and third-party liabilities, and develop strategies to mitigate them.
• Develop a construction risk management strategy that balances the company's exposure to risk with the cost of insurance premiums.
• Build and maintain relationships with underwriters specializing in the construction industry to ensure that the company is getting the best possible coverage at the best possible price.
• Work with the company's safety program to develop risk control reports and implement safety measures to reduce the risk of accidents and injuries on construction sites.
• Coordinate the company's consolidated construction insurance programs, ensuring that all policies are aligned and negotiate best premiums.
• Manage the company's insurance claims process, including reporting and tracking claims, gathering relevant information, and managing claim negotiations.
• Work closely with outside counsel to manage insurance covered litigation, including coordinating with insurance carriers and managing communication with all parties involved.
• Maintain relationships with insurance carriers and third-party administrators to ensure the timely and effective processing of claims.
• Analyze claims data and trends to identify areas for improvement in the claims management process.
• Provide regular reports to senior management on the status of insurance claims and recommend strategies for minimizing risk and reducing insurance costs.

Here's What We're Looking For

• Bachelor's degree and a minimum of 7 years' relevant experience in insurance and risk management is required. Construction specific experience is preferred.
• Strong negotiation skills with knowledge of construction-specific policies and coverage.
• Ability to analyze and assess construction-related risk.
• Excellent communication and relationship-building skills with underwriters and other stakeholders in the construction industry.
• Strong organizational skills and attention to detail.
• Ability to work independently and manage multiple priorities.
• Proficiency in Microsoft Office Suite.
• Demonstrate and uphold all the core values of Power Design, which include integrity, accountability, teamwork, innovation and growth.

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At Power Design, we are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants and teammates without regard to race, color, religion, sex, pregnancy, national origin, age, physical and mental disability, marital status, sexual orientation, gender identity, gender expression, genetic information, military and veteran status, and any other characteristic protected by applicable law. Power Design believes that diversity and inclusion among our teammates is paramount to our success as a national company, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool nationwide