Vice President of Risk Management & Insurance

HITT Contracting Inc; Washington (District of Columbia); On-site; USD 160,000 - 220,000; Full time

Benefits offered by this job

Bonuses

Health, vision, dental insurance

401(k) with employer match

Wellness reimbursement

Paid holidays and time off

Job summary

HITT Contracting is seeking a Vice President of Risk Management & Insurance to lead enterprise-wide risk, insurance, and claims functions. You will set the strategic direction for corporate programs, including OCIP/CCIP and the captive, and partner with Operations, Preconstruction, and Legal to mitigate project and enterprise risk.

Reporting to the General Counsel, you will negotiate with brokers and carriers, manage enterprise risk frameworks, and lead a team to optimize coverage and cost.

Qualifications

• Bachelor’s degree in risk management, insurance, finance, business administration, or a related field.
• Minimum 15 years of progressive experience in risk management, insurance, or related roles, preferably within construction.
• Proven experience managing complex corporate insurance programs including property, casualty, professional liability, and surety.
• Professional designations such as CPCU, ARM, or RPLU preferred.
• Strong ability to build relationships with brokers, carriers, and internal stakeholders.

Responsibilities

• Provide executive leadership and strategic direction for Risk Management, Insurance, and Claims functions across the organization.
• Set strategy for corporate insurance programs, including property, casualty, professional liability, and surety and bonding, and for broker, carrier, and underwriter relationships.
• Set strategy for Owner-Controlled and Contractor-Controlled Insurance Programs (OCIP/CCIP).
• Oversee the company’s captive insurance program, including governance, funding, and coordination across operating companies within the holding company structure.
• Partner with Operations and Preconstruction leadership to establish project-specific insurance requirements and risk transfer approaches.
• Set claims strategy and escalation protocols to drive efficient resolution and minimize losses.
• Establish and improve the enterprise risk management framework, standards, and policies.
• Advise executive leadership on emerging risks and regulatory changes affecting insurance and risk exposure.

Skills

Leadership

Strategic planning

Risk management

Negotiation

Stakeholder management

Communication

Education

Bachelor's degree (risk/insurance)

Job description

Every day, our team members do amazing things in pursuit of our shared purpose to build trust with our clients, partners, subcontractors, and teammates. No matter your background, education, or career path, if you share our vision to create extraordinary experiences, you belong at HITT.

Vice President of Risk Management & Insurance Job Description: HITT Contracting has an immediate need for a Vice President of Risk Management and Insurance. This leadership role sets strategic direction and provides operational oversight for the company's risk management and insurance functions. As a key member of the leadership team, the Vice President protects HITT’s assets and profitability by managing enterprise risk, insurance programs, and claims across all business units, including the operating companies within the holding company structure. The Vice President of Risk Management and Insurance develops, implements, and continuously improves risk management standards, insurance programs, and claims practices. This leader negotiates carrier and broker relationships, manages the corporate insurance portfolio and captive insurance program, and partners with Operations, Preconstruction, and Legal to identify and mitigate project and enterprise risk. This position leads the Risk Management and Insurance team and reports directly to the General Counsel. The Vice President serves as a strategic partner to Operations, Preconstruction, Legal, and Executive Leadership, positioning HITT to grow profitably while managing risk exposure.

Responsibilities

• Provide executive leadership and strategic direction for Risk Management, Insurance, and Claims functions across the organization.
• Set strategy for corporate insurance programs, including property, casualty, professional liability, and surety and bonding, and for broker, carrier, and underwriter relationships that secure competitive terms and coverage.
• Set strategy for Owner-Controlled and Contractor-Controlled Insurance Programs (OCIP/CCIP), including when they apply to projects.
• Oversee the company’s captive insurance program, including governance, funding, and coordination across operating companies within the holding company structure.
• Partner with Operations and Preconstruction leadership to establish project-specific insurance requirements, default risk strategies, and risk allocation approaches.
• Set claims strategy and escalation protocols that drive efficient resolution and minimize losses across the portfolio.
• Direct the analysis of loss trends and claims data to identify risk exposure and shape mitigation strategy.
• Establish and continuously improve the enterprise risk management framework, standards, policies, and best practices across risk, insurance, and claims functions.
• Advise executive leadership on emerging risks, market conditions, and regulatory changes affecting insurance, risk exposure, and the construction insurance and surety markets.
• Shape contract risk transfer strategy, including certificate of insurance compliance and contractual risk transfer requirements, in partnership with Legal, Safety, Preconstruction, and Finance.
• Oversee the subcontractor default insurance (SDI) program.
• Develop and present risk management reports, loss forecasts, and insurance program summaries to executive leadership and the board as needed.
• Set departmental budget strategy, premium forecasting, and cost allocation across business units.
• Shape talent strategy for the risk management function, building a high-performing team through mentorship, training, and career development.
• Champion the adoption of risk management technology, analytics, and AI-assisted tools to improve risk identification and program efficiency.
• Represent the company at industry organizations and events related to risk management, insurance, and surety.
• Serve on corporate committees and contribute to organizational improvement initiatives.

Qualifications

• Bachelor’s degree in Risk Management, Insurance, Finance, Business Administration, or a related field required.
• Minimum of 15 years of progressive experience in risk management, insurance, or related roles, preferably within construction or a related industry.
• Proven experience managing complex corporate insurance programs, including property, casualty, professional liability, and surety and bonding.
• Demonstrated ability to build and maintain strong relationships with brokers, carriers, legal counsel, and internal stakeholders.
• Demonstrated success negotiating with brokers, carriers, and underwriters to secure favorable coverage and terms.
• Strong knowledge of construction risk management practices, including OCIP/CCIP programs, subcontractor default insurance, and contractual risk transfer.
• Experience managing claims processes and working with legal counsel and carriers to resolve complex claims.
• Professional designations such as CPCU, ARM, or RPLU preferred.
• Strong financial acumen with the ability to analyze risk exposure, loss trends, and insurance costs.
• Exceptional verbal, written, presentation, and client-facing communication skills.
• Ability to think strategically and manage multiple priorities in a fast-paced environment.
• Demonstrated leadership competencies including strategic orientation, talent development, innovation, collaboration, and executive presence.

In accordance with Virginia Senate Bill 215 (SB 215), the base salary range for this position is: $160,000.00 - $220,000.00 Compensation in other cities and states may vary.

HITT Contracting offers a competitive total benefits and compensation package including performance-based bonuses, premium health care coverage including vision and dental, employer-matched 401(k), wellness reimbursement program, paid holidays and time-off, and other voluntary benefits and leave types. The determination of salary is based on the candidate’s individual professional experience, qualifications, education, skills, and training.

HITT Contracting is an equal opportunity employer. We are committed to hiring and developing the most qualified individuals based on job-related experience, skills, and merit. All employment decisions are made without regard to race, color, religion, sex, national origin, age, disability, veteran status, or any other protected characteristic.

We value a respectful, inclusive workplace where everyone has the opportunity to succeed.

HITT Contracting maintains a drug-free workplace, consistent with applicable local, state, and federal laws.

Since 1937, HITT Contracting has grown to be one for the top 10 general contractors in the U.S. with 16 offices nationwide. We continue to expand across the country, leading us to new locations and expanding into new work types.

HITT has a workforce of more than 3,300 team members companywide, and we’re looking for driven candidates to join our team who want to grow with us and contribute to the company’s ongoing success.

HITT will never ask you for personal or financial information via email or text message as part of the recruiting process.