Risk Management Coordinator

About Thomas

Thomas Construction Group is an innovative, full-service general contractor achieving 100% client satisfaction and specializing in early design phase construction management for building corporate commercial, healthcare, and continuing care facilities.

Relationships

• Reports to - Controller

Role Purpose

The Risk Management Coordinator will oversee the administration and coordination of all insurance, bonds, and risk management activities for the company. This includes managing corporate and project-specific insurance programs, ensuring compliance with contractual obligations, and providing proactive risk management support. Working closely with the Controller, this role ensures effective management of all insurance-related processes to minimize risk and optimize project outcomes

Responsibilities

Corporate-Level Insurance and Risk Management:

• Manage the company’s corporate insurance policies, including General Liability, Worker’s Compensation, Auto, Property, and Umbrella coverages.
• Coordinate policy renewals with brokers and carriers, ensuring optimal coverage and competitive pricing.
• Serve as the primary point of contact for insurance claims.
• Ensure timely reporting and resolution of claims by coordinating with adjusters, carriers, and legal teams.
• Maintain a claims log and track trends to identify areas for risk reduction.
• Ensure the company meets all regulatory and contract-specific insurance requirements.
• Oversee Worker’s Compensation audits and manage compliance with state and federal regulations.

Project-Specific Insurance Management:

• Procure and manage project-specific insurance, including Builder’s Risk and wrap-up programs (OCIP/CCIP).
• Review project contracts to ensure insurance terms align with company policies and project requirements.
• Review subcontractor certificates of insurance (COIs) for compliance with contract requirements.
• Maintain detailed records of subcontractor coverage and address gaps or deficiencies.
• Coordinate payment and performance bonds for applicable projects.
• Work with project managers and bonding agents to ensure timely issuance and renewals.
• Manage subcontractor prequalification and enrollment in the SDI program.
• Monitor subcontractor compliance and administer claims as necessary.

Risk Management and Stakeholder Collaboration:

• Identify potential risks at the project and corporate levels.
• Collaborate with the Risk Manager, project teams, and legal counsel to develop and implement risk mitigation strategies.
• Act as the liaison between the company and insurance brokers, subcontractors, and project owners.
• Provide guidance to project managers and field teams on insurance and bonding requirements.

Documentation and Reporting:

• Maintain accurate records of all policies, claims, bonds, and COIs.
• Coordinate with auditors to ensure smooth reviews of insurance programs, including Worker’s Compensation audits.
• Prepare regular reports on insurance costs, claims status, and subcontractor compliance.
• Track and analyze claims data to support decision-making and improve risk management practices.

Requirements

• Bachelor’s degree in Business Administration, Risk Management, or a related field preferred.
• 3–5 years of experience in insurance or risk management, ideally in construction or a related industry.
• Knowledge of construction insurance programs (SDI, Builder’s Risk, OCIP/CCIP, bonds).
• Proficiency in Microsoft Office Suite (Excel, Word, Outlook).
• Strong organizational and multitasking abilities.
• Excellent written and verbal communication skills.
• Ability to build and maintain relationships with internal and external stakeholders.

Why Thomas?

• Health Benefits
• Unlimited PTO
• Continuing Education
• Personal Growth & Development
• 401(k)
• Paid Volunteer Opportunities
• Cell Phone Allowance
• Gym Membership Reimbursement
• Monthly Social Outings