Director of Risk Management

Description

Position Summary

The Director of Risk Management will lead and oversee the organization's enterprise risk management and insurance programs, ensuring effective identification, assessment, mitigation, and management of operational, financial, and construction-related risks.

This individual will be responsible for managing the company's insurance portfolio, claims administration, subcontractor risk management, contractor prequalification programs, and compliance-related reporting. The ideal candidate is a confident, hands-on leader with a strong construction industry background who can independently drive the risk management function, make informed financial decisions, and work cross-functionally with Safety, Finance, Operations, and external insurance partners.

The successful candidate will bring experience working within a general contracting environment, managing complex claims, overseeing multiple business entities, and developing strategies to minimize organizational exposure and insurance-related costs.

Key Responsibilities

Risk Management & Insurance Programs

Lead and oversee the company's corporate risk management and insurance programs across multiple business entities.

Manage relationships with insurance brokers, carriers, and external risk management partners.

Oversee subcontractor insurance enrollment and compliance across broker programs.

Manage OCIP (Owner-Controlled Insurance Program) and CCIP (Contractor-Controlled Insurance Program) wrap-up policies, including administration, enrollment, and compliance.

Identify potential exposures and implement strategies to minimize financial and operational risk.

Evaluate insurance coverage, policies, and program costs to ensure appropriate protection for the organization.

Claims Management & Administration

Oversee the full lifecycle of claims management, including workers' compensation, general liability, and construction-related claims.

Manage significant and complex claims, particularly those involving serious injuries and vertical construction.

Coordinate with outside legal counsel, insurance carriers, and brokers regarding claim progression, resolution, and cost containment.

Develop strategies to reduce claim exposure, control costs, and minimize financial impact.

Monitor claim activity, maintain accurate documentation, and ensure timely follow-up and resolution.

Contractor Prequalification & Risk Assessment

Oversee contractors and subcontractor for prequalification programs, including financial, operational, and insurance risk assessments.

Evaluate subcontractor qualifications, insurance requirements, and potential exposures before engagement.

Partner with project and operations teams to ensure appropriate risk controls are implemented throughout the project lifecycle.

Safety Compliance & Regulatory Reporting

Partner closely with the Safety Department to maintain OSHA compliance and accurate injury and incident records.

Oversee OSHA logs and related recordkeeping requirements, ensuring documentation is accurate and maintained.

Collaborate with Safety to collect, review, and maintain incident reports, injury documentation, and supporting records.

Monitor trends in workplace injuries and claims to identify opportunities for risk reduction.

Conduct job-site inspections and risk assessments as needed based on project conditions and specific exposures.

Financial & Cross-Functional Management

Work closely with Finance to evaluate insurance expenditures, claims costs, financial exposure, and risk-related budgets.

Analyze claims trends, insurance premiums, loss ratios, and other financial indicators.

Support internal audits and implement processes that strengthen financial controls and risk management practices.

Qualifications & Experience

• 5-10 years of progressive experience in risk management, preferably within the construction industry.
• Demonstrated experience working within a General Contractor (GC) or construction-related environment.
• Strong knowledge of construction insurance programs, risk mitigation, and claims management.
• Hands-on experience managing workers' compensation and general liability claims.
• Experience overseeing insurance programs, including policy administration and broker relationships.
• Knowledge of subcontractor insurance requirements and compliance processes.
• Experience managing complex claims, coordinating with insurance carriers, and working with outside legal counsel.
• Working knowledge of OSHA recordkeeping and log requirements.
• Strong analytical, organizational, communication, and leadership skills.
• Ability to work independently, exercise sound judgment, and lead risk management initiatives across multiple business entities.

Preferred Qualifications

• Bachelor's degree in Risk Management, Finance, Business Administration, or related field.
• Professional risk management certifications, such as ARM (Associate in Risk Management) or CRM (Certified Risk Manager).
• Direct experience administering OCIP (Owner-Controlled Insurance Program) and CCIP (Contractor-Controlled Insurance Program) wrap-up policies.
• Experience managing subcontractor enrollment through multiple insurance brokers or carrier programs.
• Background in financial analysis, insurance budgeting, loss-ratio reporting, and claims cost forecasting.
• Experience developing and overseeing contractor prequalification programs.
• Familiarity with construction site inspections, safety audits, and risk assessment procedures.
• Experience managing insurance and risk programs across multiple subsidiaries or corporate entities

This job description is not an exhaustive list of all functions that the employee may be required to perform, and the employee may be required to perform additional functions. Acousti Engineering reserves the right to revise the job description at any time and to assign additional duties and responsibilities as needed.

Employment with Acousti Engineering is at-will. The employee must be able to perform the essential functions of the position satisfactorily and, if requested, reasonable accommodations may be made to enable qualified individuals with disabilities to perform essential functions of their job, absent undue hardship.