Director, Construction Risk & Insurance Strategy

ARCO Companies

United States

Remote

USD 180,000 - 240,000

Full time

14 days+

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Benefits offered by this job

ESOP

Traditional and Roth 401k

Tuition reimbursement

Scholarship for associates’ children

1-month paid sabbatical after every 5

$5,000 travel stipend

1-week paid volunteer leave each year

Medical, dental, and vision insurance

100% paid 12-week maternity leave

Job summary

ARCO Companies is seeking a Director of Risk Management to lead the enterprise risk function, shaping insurance, risk-financing, claims, and risk-transfer strategies to sustain growth. You will own the program from design to execution, manage a growing team, and partner with executive leadership on risk governance across multiple projects and markets.

The role requires deep knowledge of construction risk, insurance lines, and alternative financing, with hands-on leadership as the function scales

Qualifications

Bachelor's degree in Risk Management, Insurance, Finance, Business Administration, or a related field (or equivalent experience).
10+ years of progressive construction risk management and commercial insurance experience, including direct ownership of insurance placement and renewals, claims governance, controlled insurance programs (CCIP/OCIP), and contractual risk transfer.
CRIS designation required; ARM, CPCU, or a similar advanced designation strongly preferred.
Extensive knowledge of construction insurance coverage lines, including CGL, Workers' Comp, Builder's Risk, Excess/Umbrella, Professional Liability, Pollution/Environmental, Automobile, Cyber, and Management Liability (D&O).
Demonstrated people‑leadership experience — building, managing, and developing a risk team.
Executive‑level communication and negotiation skills, with the ability to advise and influence senior leadership, brokers, and carriers, and to present complex risk topics to boards of directors and financial stakeholders.
Experience with alternative risk financing and single‑parent captive structures.
Experience managing surety and bonding programs (performance and payment bonds) in a general‑contractor or design‑build environment.
Strong analytical and financial‑modeling skills, including total cost of risk (TCOR) analysis and loss forecasting; experience leveraging claims analytics, predictive modeling, benchmarking, and business intelligence tools to support risk‑financing decisions.
Preferred: MBA, JD, or other advanced degree.
Preferred: familiarity with contract insurance review under AIA, ConsensusDocs, and custom owner agreements; experience with risk/COI platforms such as myCOI and wrap‑up administration software

Responsibilities

Own risk analysis and governance for major project pursuits and strategic growth initiatives, establishing and leading project risk review protocols that evaluate contractual, operational, financial, insurance, and surety exposures before project commitment.
Lead insurance and risk-management due diligence for acquisitions, integrations, and divestitures, including historical liability assessment, program harmonization, and post‑acquisition risk strategy.
Partner with CLO to direct enterprise claims governance across GL, WC, Builder's Risk, Professional, and other lines — including reserving philosophy, litigation strategy, subrogation, and quarterly claim reviews — to reduce severity and protect financial outcomes.
Oversee the annual renewal process end to end, including underwriting data, exposure summaries, and allocation of insurance costs across entities and projects.
Own optimization of ARCO's total cost of risk (TCOR) by strategically structuring program coverages, limits, deductibles, and retentions.
Direct subcontractor prequalification and insurance-compliance frameworks, ensuring consistent risk thresholds across all subcontract awards.
Develop risk-management frameworks addressing critical supplier, subcontractor, and supply-chain exposures that could impact project profitability, schedule, and client obligations.
Lead, manage, mentor, and develop the Risk team (Risk Manager, Assistant Risk Manager, Risk Coordinator, and Risk Analyst), scaling risk services to support ARCO's growth and expansion into new markets (e.g., federal, data centers, power and infrastructure).