Job Description
Job Description
A large construction company in the Greater New York City area is looking for a VP, Risk Management to lead the Risk Management program for the parent company and it's 30 subdivisions. They will manage a team of 4 and report to the CFO. This person will be responsible for utilizing their expertise in Risk & Compliance 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 overseeing the workers compensation claims and insurance claims for the company. This company is nationwide with offices across the Northeast, DC-area, Texas and Florida.
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 insurance carriers. They 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:
- Design and implement a comprehensive risk management program, including risk assessment, evaluation, treatment, and reporting across all business units
- Analyze and quantify business risks (both upside and downside), and align risk tolerance with organizational criteria such as insurance costs, legal compliance, and environmental factors
- Report risk findings effectively to various stakeholders—executives, project teams, and individuals—with tailored communication based on relevance and accountability
- Monitor and audit internal processes, vendor and subcontractor insurance compliance, and subcontractor risk exposure to ensure adherence to company standards and regulatory requirements
- Manage all aspects of claims including Workers’ Compensation (WC) and General Liability (GL); coordinate with medical providers and insurance carriers, and work to resolve unfounded claims before litigation
- Represent the company in WC Board and agency hearings; supervise claims management personnel and liaise with Legal on settlements and active litigation
- Review and revise insurance and risk-related provisions in contracts, agreements, and proposals; collaborate with internal counsel and outside legal teams
- Oversee the company’s annual insurance program renewal in partnership with the CFO and external brokers
- Direct insurance compliance activities with vendors, suppliers, and subcontractors
- Provide training and education on risk management, safety, fleet policies, drug and alcohol compliance, and EEO regulations to staff, management, and union members
- Act as the company’s EEO Officer and Designated Employer Representative (DER) for DOT compliance
- Coordinate risk-related HR issues and safety programs with the Safety Department and Safety Director
- Audit internal programs including company credit card usage and driver approvals for company vehicles
- Support project teams and field operations with risk management resources and guidance
- Execute special projects and strategic initiatives as assigned by the CFO
MUST HAVE:
- 15+ years of experience in the construction industry within risk management
- Experience managing a team
- Relationship management and vendor management skills
- Expertise in construction industry risk management and insurance requirements
- Excellent communication skills and leadership qualities
- In-depth knowledge of Workers’ Compensation Rules and Regulations, Contract Administration, Employment Law
- Experience in managing Insurance programs (AL, GL and WC)
- Bachelor’s degree in relevant field (i.e. risk management, finance, business)
- Ability to be onsite in an office 5-days per week