Associate Risk Manager

Parsons Corporation•USA NC (Virtual Office), NC

1d•$112,200 - $196,400•Hybrid

About The Position

Parsons is seeking an Associate Risk Manager to become a key member of its talented Insurance/Risk Management team! The position will primarily support Parsons’ business units and projects by managing and analyzing insurance and surety needs across a diverse portfolio of infrastructure, engineering, and technology projects & services, as well as provide input and support for Parsons’ global insurance programs. The ideal location for this role is Charlotte, NC, Denver, CO or Pasadena, CA. And the candidate will enjoy a hybrid or flexible work arrangement.

Requirements

Bachelor’s degree in Risk Management, Business, Finance, Insurance, or a related field; an equivalent combination of education and experience may be considered.
8 years of experience in insurance/risk management, which may include a risk management department, insurance broker, and/or insurance carriers.
Experience working with insurance brokers, insurers, or surety providers.
Solid understanding of commercial insurance lines, including: General liability, Auto, Workers’ Compensation, Property and Cyber Liability, Professional Liability/Errors & Omissions, preferably in the architects & engineers or technology sectors, Surety Bonds (bid, performance, payment), Claim handling processes
Familiarity with contract risk allocation and insurance clauses in prime contracts and subcontracts.
Proficiency with MS Office (Excel, Word, PowerPoint).
Excellent written and verbal communication skills, strong organizational skills, attention to detail, and ability to manage multiple assignments and deadlines in a fast-paced environment.
Collaborative mindset with the ability to work cross-functionally and build relationships across all levels of the organization.

Nice To Haves

Experience in engineering, construction, and US Government contracts is preferred.
International insurance knowledge is a plus
Project-specific coverages (e.g., Builder’s Risk, Wrap-Up/OCIP/CCIPs) is a plus
Experience with risk management information systems “RMIS” such as Origami or Riskonnect is a plus.
High-level understanding of actuarial concepts (i.e. loss projections, loss development, reserve setting and forecasting/allocations) is a plus.
Professional designations such as ARM, CPCU, CRM, or equivalent insurance/risk management certifications are a plus.

Responsibilities

Support business units and project teams in identifying and addressing insurance and surety needs for new and ongoing projects.
Evaluate project risks and recommend appropriate insurance structures and limits consistent with Parsons’ risk appetite and contractual obligations.
Prepare risk and insurance summaries for internal stakeholders to support bid decisions, contract negotiations, and project approvals.
Review and approve contract insurance requirements for prime contracts, subcontracts, and joint venture agreements to ensure alignment with Parsons’ risk and insurance standards. Coordinate with the Legal department, business units, and external parties to negotiate acceptable insurance requirements.
Coordinate placement of project-specific insurance programs (e.g., professional liability, builder’s risk, general liability, marine, etc.) as needed. Coordinate with insurance brokers and carriers. Manage policy documentation, endorsements and renewals and/or extensions while coordinating with project teams to ensure continuity of coverage.
Place surety bonds if required for various projects. Obtain regular project updates and report to the sureties.
Assist as needed with providing insurance documentation, such as certificates of insurance to customers, subcontractors, and partners.
Maintain a database for insurance policies, surety bonds, certificates of insurance, and related documentation.
Support the insurance claims process by coordinating with Legal, assisting with claims reports, etc.
Collaborate with the Risk Management team on the annual renewal of Parsons’ corporate insurance programs (e.g., general liability, professional liability, international, property, auto, workers’ compensation, management liability).
Assist with data collection, exposure analysis, and completion of insurance applications and underwriting submissions.
Provide training and guidance to internal stakeholders on insurance requirements, coverage concepts, and risk allocation principles.
Assist in developing and maintaining insurance guidelines, procedures, and best practices for the organization.
Foster strong relationships with brokers, insurers, and surety providers to support Parsons’ strategic objectives.