Vp, Risk Management (Construction)

POSITION SUMMARY:

A heavy civil construction company in the Greater New York City area is looking for a VP, Risk Management to lead a team of 4. This role will report into the CFO. The company specializes in horizontal construction (foundation-down, i.e, roadways, bridges, highways, drilling, etc.) and this person will be responsible for utilizing their expertise in the construction industry to handle insurance procurement, collection of certificates of insurance from subcontractors and vendors, reviewing insurance terms and conditions for subcontractor agreements and owner agreements, and handling workers' compensation claims and insurance claims for the company.

The VP, Risk Management will work closely with the legal department on reviewing contacts, assist the CFO with insurance plan renewals, review purchase orders of materials, and take the lead on dealing with insurnace carriers. The Risk Manager will work to eliminate or minimize areas of potential physical and financial losses to the company and its employees by assessing the areas of corporate risk and personal risk.

RESPONSIBILITIES:

• Planning, designing and implementing an overall Risk Management process for the organization
• Risk assessment which involves managing the process of analyzing upside and downside risks as well as identifying, describing and estimating the quantitative and qualitative risks affecting the business
• Risk evaluation which involves comparing estimated risks with risk criteria established by the organization such as insurance costs, legal requirements and environmental factors
• Risk reporting in an appropriate way for different audiences, for example to the Chief Financial Officer and other members of senior management so they understand the most significant risks, to Project Teams to ensure they are aware of risks relevant to their parts of the business and to individuals to understand their accountability for individual risk
• Risk treatment by selecting and implementing measures to control and mitigate risks including activities to avoid risks, transfer risks and finance risks
• Monitoring and reviewing business processes to ensure risk and compliance arrangements are in place
• Conducting audits of vendor and subcontractor insurance policies and compliance to company standards and minimum requirements
• Providing support, education and training to executives, managers, support staff and union employees
• Prepare programs in conjunction with Safety department
• Interact with Safety Director
• Intercede in HR issues that may have Risk Management implications
• Act in the capacity of the EEO Officer
• Provide Drug and Alcohol and Fleet Safety Training to Organization
• Manage the company’s Captive Insurance Program; Adjusting WC and GL Claims
• Manage all work-related injuries. Corresponding with Medical Facilities and Insurance company
• Working with General Counsel and Outside Legal counsel with regards to Claims and Lawsuits
• Work to resolve unfounded GL Claims prior to litigation beginning.
• Defend the company entities at WC Board and Agency Hearings
• Review and make necessary changes to insurance provisions in Contracts., Agreements and Proposals that contradict company insurance requirements in contracts and agreements
• Work with outside counsel in reviewing Owner contracts
• Audit Company Credit Card Usage
• Approve Company Vehicle Drivers
• Support Field Operations by providing needed information to Project Team Members
• Act in the capacity of the companies’ DER
• Direct all Insurance activities with regard to ensuring compliance by Vendors, Suppliers and Subcontractors
• Perform projects as directed by CFO

MUST HAVE:

• 10+ years of experience in the construction industry/Risk Management
• Experience managing/leading a team
• Relationship/Vendor management skills
• Expertise in construction industry Risk Management and insurance requirements
• Excellent communication skills and leadership qualities
• Strong attention to detail
• Team-player
• Strong understanding of Workers’ Compensation Rules and Regulations
• Strong understanding of Contract Administration
• Strong understanding of Employment Law
• Experience in managing Insurance programs (AL, GL and WC)