Director of Risk Management

James G. Davis Construction (DAVIS); Rockville (MD); On-site; USD 158,000 - 200,000; Full time

Job summary

A leading construction firm is seeking a Director of Risk Management to oversee their corporate insurance program and identify risk for all divisions. The ideal candidate will possess significant experience in risk management, particularly within the construction industry, and will play a vital role in protecting the company's interests through effective risk analysis and management strategies.

Benefits

100% employer-paid health care plan

Life insurance

Annual incentive bonus

Paid time off and holidays

401(k) and Roth benefits

On-site fitness center

Company vehicle or auto allowance

Qualifications

• Ten years of Risk Management experience in the construction industry.
• Experience with a carrier, broker, or corporation.
• Ability to work at headquarters 5 days a week for the first 6 months.

Responsibilities

• Create and manage corporate insurance programs focusing on risk identification.
• Oversee casualty and property insurance renewal processes.
• Develop relationships with broker and insurer representatives.

Skills

Risk Management

Decision making

Analytical problem solving

Time management

Communication skills

Education

Bachelor’s degree in Insurance, Accounting, Business Administration or related field

MBA or CPCU, ARM

Tools

MS Office

Job description

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At DAVIS, we're redefining the way people experience construction by building success for all.

The Director – Risk Management is responsible for creating and managing comprehensive corporate insurance program with a concentration on risk identification for all company divisions and subsidiary companies, and ultimately determining the appropriate risk transfer, risk retention and risk financing techniques in conjunction with corporate culture and corporate tolerance for risk.

ESSENTIAL DUTIES + RESPONSIBILITIES

• Perform responsibilities with excellence in service, integrity and building relationships as exemplified in DAVIS core values
• Identify and evaluate exposures to casualty and property losses organization-wide
• Oversee the design and management of annual corporate casualty and property insurance renewal
  
  

process, including selection and management of broker partners, approval of final market submissions, determination of program structures, and selection of appropriate coverages and retention levels

• Develop and maintain strong relationships with broker representatives and with insurer representatives to secure best interests of organization
• Oversee and facilitate communication to executive management, operations personnel and subsidiary companies on a continual basis to analyze operational risks and the potential impact of any core business changes to the corporate risk management profile
• Facilitate communication and assist in overall management of expectations between company’s sureties, operations personnel and brokerage, thus allowing for satisfaction of bidding, and performance and payment bond obligations
• Develop and communicate allocations of insurance costs among operating company divisions and
  
  

subsidiary companies; establish appropriate insurance billing rates for divisions and subsidiaries

• Prepare budgets, forecasts and financial reports for executive management analyzing annual insured and uninsured premiums, financial performance of insurance programs, pricing trends within insurance marketplace, and peer benchmarking
• Review insurance specifications contained within proposed contracts and provide recommendations to bid team, legal, and operations regarding optimal language, risk transfer strategies, potential uninsurable risks, and overall insurance pricing options; negotiate terms directly with clients, lenders or their representatives
• Establish insurance requirements for boilerplate Subcontract Agreements; negotiate or approve
  
  

negotiated amendments and variances; establish criteria and manage teams responsible for

subcontractor certificate of insurance review process; coordinate and manage procurement of builder’s risk insurance coverage on all projects

• Manage and direct claim activity in-house and at the insurer level; establish and manage relationships with outside defense counsel, outside administrators and vendors, as necessary
• Oversee in loss control and safety activities, preparation of loss analyses, and promotion of loss
  
  

prevention efforts with corporate Safety Department

• Assist with establishment of corporate education initiatives regarding insurance and related risk
  
  

management issues

• Determine appropriate departmental staffing needs; manage administrative and professional staff,
  
  

providing mentoring and in-house educational opportunities for staff

• Establish and manage annual budget in compliance with corporate objectives
• Conduct performance appraisals and recommend promotions and corrective actions
• Bachelor’s degree in Insurance, Accounting, Business Administration or related field*
  
  

Perform other duties as assigned

DAVIS COMMON ATTRIBUTES

• SAFETY – Consistently works within DAVIS safety standards; promotes safety as a priority with coworkers, subcontractors and external clients
• TEAM COLLABORATION – Works effectively within their own team and across the organization. promotes team atmosphere and culture; has a positive, can-do attitude
• COMMITMENT TO QUALITY – Applies DAVIS standards to produce high quality work on a consistent basis; produces work that is accurate and reliable, actively demonstrates excellence in service; builds and maintains integrity as a core function of their job and in their relationships with others
• CHAMPIONS DAVIS BUSINESS – Consistently markets DAVIS business within the scope of their job; actively seeks and / or supports new business opportunities; actively builds relationships and encourages others to do the same
  
  

KNOWLEDGE, EXPERIENCE + SPECIAL SKILLS

• Required
• Ability to work at headquarters (Rockville, Maryland) 5 days a week for the first 6 months and hybrid thereafter. *This is not negotiable
• Ten (10) years of Risk Management experience, with a concentration in the construction industry*
• Insurance / Risk Management experience either with a carrier, broker or corporation*
• Decision making, research and analytical problem solving skills*
• Time management with the ability to organize, assess and prioritize multiple tasks, projects, and
  
  

demands, and to work independently*

• Possess strong verbal and written communication skills, and interact effectively at all levels within the organization*
• MS Office – Microsoft Word, Excel, Power Point and Outlook experience*
• MBA or CPCU, ARM, and other applicable insurance industry designations
  
  

PHYSICAL JOB DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reaching above and below, stooping, kneeling, crouching, and bending. The employee must occasionally lift / carry / move up to 25 pounds. Manual dexterity to operate office equipment, file, and perform specialized skills. Needs a high degree of concentration in a busy office environment.

WORKING CONDITIONS

Work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. This position may require some travel for conferences, educational sessions, and other company events.

The noise level in the office work environment is usually moderate.

While performing the duties of this job, the employee may be exposed to higher noise levels and hazardous working conditions when working at job sites. Safety precautions must be taken and resources will be provided.

NOTE: The above statements are intended to describe the general nature and level of the work being

performed by people assigned this job. They are not exhaustive lists of all duties and

responsibilities, knowledge, skills, abilities, physical job demands and working conditions

associated with the job.

The base salary (or hourly) range for this position is

$158,000.00 - $200,000.00

DAVIS is committed to providing our employees with a competitive total compensation package that enhances your quality of life. DAVIS offers a 100% employer-paid health care plan (to include family), life insurance, short- and long-term disability benefits, and an annual contribution to your HSA. DAVIS also offers annual incentive bonus, paid time off + annual holidays, financial benefits (401(k), Roth, and ESOP), FSAs, fertility and family-forming assistance, and continuing education. Additional benefits include Employee Assistance Program (EAP), on-site fitness center, and parental leave. Eligible employees are provided a company vehicle or an auto allowance to support business activities.

The compensation and benefits information are provided as of the date of this posting. Benefits and incentive compensation may be subject to applicable eligibility. DAVIS reserves the right to modify compensation and benefits at any time, with or without notice, subject to applicable law.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

At DAVIS, our vision is to build a culture that is innovative, connected, and balanced.

Seniority level

• Seniority level

  Director

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Construction

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