Risk Management Specialist
Description
Description/Summary:
Our Risk Management department currently has an opening for a Risk Management Specialist. In this role you will serve a key function, of analyzing, reporting, and proposing solutions from a corporate and project team level perspective as it relates to insurable risk. We are a resolute and enthusiastic team building to improve lives. We are seeking someone with foundational insurance knowledge, who is seeking career growth within construction risk management.
Responsibilities:
Risk Management:
- Collaborate with operations in setup, maintenance of risk processes for construction projects
- Ensure compliance with XL’s procedures, authorization matrix, and risk programs via periodic project audits
- Review of project status reporting and documentation, management of projects, to identify and prioritize risk management focus areas
- Assist operations with the review of construction subcontracts for acceptable terms and conditions
- Participate in and/or facilitate risk workshops and operational risk reviews to identify key areas of risk, develop management and mitigation strategies
- Administration and tracking for meetings and claims reporting
- Support the development of new programs and initiatives, updates of existing programs, and vision planning of future needs
- Corporate and entity governance management (license and annual state renewals)
- Code and process expenses and invoices for risk department
- Risk department document control
Insurance:
- Management for all subcontractor insurance compliance
- Analyze and understand insurable risks and potential risk mitigation opportunities; interact with operational groups to ensure coordination between project activities, exposures, and appropriate insurance coverage.
- Assist with management of corporate Subcontractor Default Insurance program including coordination with internal teams, external sales discussions, and management of broker and insurer relationships.
- As needed, periodic insurance reporting and assistance with client insurance requests
- Process Bond requests as directed
- Gather renewal information for all insurance coverage, maintenance of all policies and forms
Prequalification:
- Management and administration of trade prequalification program (maintenance, new vendors, renewals, compliance, reporting) and coordination with Preconstruction Dept.
- Analyze and provide appropriate prequalification feedback on subcontractor partners
- Coordination with corporate parent prequalification group
Knowledge, Skills, and Abilities:
- College degree preferred or applicable industry experience (3-5 years of experience)
- One of the following:
- Insurance acumen as it relates to construction exposure (General Liability, Worker’s Compensation, Professional, Builder’s Risk, Property, and Sub-Contractor Default Insurance)
- General Contractor trade prequalification experience and working use of prequalification software
- Risk management experience and background
- Specialty degree(s) and credentials related to risk management preferred
- Knowledge with a general contractor of industry practices and regulations which affect insurance, legal, and risk management matters
- Experience with contracts or legal background is a plus
- Accounting/Finance project experience is a plus
- Strong verbal and written communication skills
In accordance with California pay transparency requirements, the base salary range for this role is $90,000 – $110,000 annually. Actual compensation will be determined based on factors such as experience, education, market location, internal equity, and business need. This role is also eligible for participation in company bonus programs and comprehensive benefits.