Director, Corporate Insurance and Loss Control

Aecon•Toronto, ON

About The Position

The Director, Corporate Insurance & Loss Control is a strategic leadership role responsible for shaping and executing Aecon’s enterprise-wide insurance, risk, and surety programs. This role partners closely with senior leadership, project teams, and external partners to optimize risk transfer strategies, support major project pursuits, and protect the organization’s financial and operational performance across complex infrastructure projects.

Requirements

10+ years of progressive experience in insurance and risk management, preferably within construction or infrastructure environments.
5 to 7 years of experience buying and managing construction insurance portfolios, with at least 3 years focused on surety and bonding programs.
Proven track record managing large, complex construction insurance programs and successfully negotiating high-value policies and claims.
Strong knowledge of construction contracts, risk allocation, and project delivery models (e.g., JV, Design-Build, Alliance).
Deep understanding of U.S. insurance markets and placements.
Minimum 5 years of leadership experience, with demonstrated ability to influence senior stakeholders and cross-functional teams.
Strong commercial acumen with the ability to assess and manage risk in alignment with business performance.
Advanced analytical, negotiation, and decision-making capabilities (financial and qualitative).
Excellent communication and stakeholder management skills; recognized as a trusted advisor.
Strong interpersonal skills with the ability to operate effectively in complex, matrixed organizations.
Effective time management and prioritization skills.

Nice To Haves

Professional designation (CRM, CIP) preferred.

Responsibilities

Lead the design, placement, and ongoing optimization of enterprise insurance programs aligned with corporate risk strategy.
Negotiate and procure insurance policies, including project-specific coverages (e.g., builders risk, wrap-ups, professional liability).
Support business units on project pursuits from RFQ through Substantial Completion and Operations & Maintenance period as applicable, providing insurance strategy, contract input, and risk advisory.
Advise on insurance programs for both joint venture and Aecon-led projects, ensuring appropriate coverage and protection throughout the project lifecycle.
Advise on owner-controlled insurance programs and negotiate terms to mitigate risk exposure.
Manage the corporate surety and bonding program to support project delivery while optimizing balance sheet impact.
Lead claims management activities for all claims below the corporate self-insurance retentions and management of corporate losses including complex claims across property, casualty, D&O, cyber and work closely with legal on E&O claims.
Lead the claims handling process for all claims below the corporate self-insurance retentions and the management of corporate losses including property, casualty, D&O, Cyber, Crime, and work closely with legal on E&O claims.
Oversee contract reviews related to insurance, risk, and surety in coordination with Legal and project teams.
Support operations in the subcontractor prequalification process.
Provide strategic risk and insurance guidance to senior leadership, on insurance and loss control programs, policies, standards, guidelines, methodologies, while identifying emerging risks, trends, and mitigation opportunities.
Build and manage relationships with third party service providers (i.e.: brokers, insurers, adjusters, appraisers, external legal counsel, consultants etc.)
Analyze loss trends and lead training and awareness initiatives to strengthen risk culture and loss prevention.
Prepare budgets, forecasts and financial reports including the analysis of annual insurance premiums, financial performance of insurance programs and the determination of billing rates and premium allocations.
Develop internal communication and advertising strategies related to all risk management and insurance initiatives; oversee the monitoring of compliance with insurance procedures, safety and risk manuals.