Director of Risk Management

Davis Construction; Rockville (MD); Hybrid; USD 158,000 - 200,000; Full time

Job summary

A leading construction company seeks a Director of Risk Management to oversee its corporate insurance strategies. This role involves managing risk identification across divisions, ensuring compliance with corporate standards, and fostering relationships with brokers. Candidates should have at least a decade of experience in risk management, preferably in construction, and a relevant degree. A hybrid work model is supported after initial onboarding.

Benefits

100% employer-paid health care plan

Life insurance and disability benefits

Annual incentive bonus

Paid time off and holidays

401(k), Roth, and ESOP financial plans

Continuing education benefits

Employee Assistance Program (EAP)

On-site fitness center

Parental leave

Company vehicle or allowance for business activities

Qualifications

• 10 years of Risk Management experience, particularly in construction.
• Ability to work at headquarters 5 days a week initially, then hybrid.
• Experience with insurance/risk management in a carrier, broker or corporation.

Responsibilities

• Identify and evaluate exposures to casualty and property losses.
• Oversee annual corporate casualty and property insurance renewal process.
• Manage communication between company sureties and operations personnel.

Skills

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, and other applicable insurance industry designations

Tools

MS Office

Job description

12530 Parklawn Drive, Headquarters - Rockville, MD, Maryland

Job Position Type

Full time

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 insuranceprogram with a concentration on risk identification for all company divisions and subsidiary companies, andultimately determining the appropriate risk transfer, risk retention and risk financing techniques in conjunctionwith corporate culture and corporate tolerance for risk.

ESSENTIAL DUTIES + RESPONSIBILITIES
· Perform responsibilities with excellence in service, integrity and building relationships as exemplified inDAVIS 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 representativesto secure best interests of organization
· Oversee and facilitate communication to executive management, operations personnel and subsidiarycompanies on a continual basis to analyze operational risks and the potential impact of any core businesschanges 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 andpayment 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 anduninsured premiums, financial performance of insurance programs, pricing trends within insurancemarketplace, and peer benchmarking
· Review insurance specifications contained within proposed contracts and provide recommendations tobid team, legal, and operations regarding optimal language, risk transfer strategies, potential uninsurablerisks, and overall insurance pricing options; negotiate terms directly with clients, lenders or theirrepresentatives
· 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’srisk insurance coverage on all projects
· Manage and direct claim activity in-house and at the insurer level; establish and manage relationshipswith 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 theirjob; 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 constructionindustry*

· 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 theorganization*
· 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 successfullyperform 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 employeeto 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 hazardousworking 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

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 insuranceprogram with a concentration on risk identification for all company divisions and subsidiary companies, andultimately determining the appropriate risk transfer, risk retention and risk financing techniques in conjunctionwith corporate culture and corporate tolerance for risk.

ESSENTIAL DUTIES + RESPONSIBILITIES
· Perform responsibilities with excellence in service, integrity and building relationships as exemplified inDAVIS 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 representativesto secure best interests of organization
· Oversee and facilitate communication to executive management, operations personnel and subsidiarycompanies on a continual basis to analyze operational risks and the potential impact of any core businesschanges 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 andpayment 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 anduninsured premiums, financial performance of insurance programs, pricing trends within insurancemarketplace, and peer benchmarking
· Review insurance specifications contained within proposed contracts and provide recommendations tobid team, legal, and operations regarding optimal language, risk transfer strategies, potential uninsurablerisks, and overall insurance pricing options; negotiate terms directly with clients, lenders or theirrepresentatives
· 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’srisk insurance coverage on all projects
· Manage and direct claim activity in-house and at the insurer level; establish and manage relationshipswith 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 theirjob; 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 constructionindustry*

· 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 theorganization*
· 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 successfullyperform 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 employeeto 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 hazardousworking 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.