Manager - Risk and Financial Operations

Clark Construction Group, LLC•McLean, VA

11d

About The Position

Clark Construction Group is a leader in the construction industry, shaping America's skyline for over a century. The Risk Management Team is a critical, strategic function tasked with protecting the enterprise from catastrophic financial loss while providing cost-effective risk management and insurance solutions that mitigate operational risk, contribute to competitive advantage, and enhance profitability. This team is comprised of finance, operations, contract, and risk professionals. The Manager will report to the Vice President of Risk Management. Essential Duties and Responsibilities: This Manager will establish, manage, and execute the financial strategy and core risk management program elements for the department. I. Financial Planning, Modeling & Reporting Develop and maintain sophisticated models to forecast program revenues, expenses, and long-term financial trajectories. Conduct deep-dive analysis into program performance to ensure maximum cost-effectiveness across all business units. Compile annual, monthly, and ad hoc financial reports, communicating key performance indicators (KPIs) and financial results to senior management. Oversee department-wide cash flows, ensuring the precision and timely processing of all risk-related payables and receivables. Manage insurance-related monthly accounting transactions and ensure alignment with corporate finance standards. Lead internal and external insurance program audits, focusing on financial integrity and compliance. II. Risk Program Administration & Strategy Oversee the financial administration of the company’s captive insurance programs, including financial administration and regulatory compliance. Apply broad knowledge of Property & Casualty (P&C) insurance to evaluate coverage specifications and assist in negotiations with insurers. Manage the financial lifecycle of Contractor Controlled Insurance Programs (CCIP), including enrollment tracking, payroll reporting, and premium allocations. Oversee the Subcontractor Default Insurance (SDI) program, focusing on financial risk assessment of subcontractors and program administration. Provide recommendations for alternative risk financing and risk management solutions to enhance profitability. Maintain the Risk Management Information System (RMIS) to track insurance schedules and claim activity costs. III. Project & Pursuit Support Interact with Legal counsel to identify risks within proposed construction agreements. Interface with lenders, joint venture partners, and project owners to ensure insurance and financial requirements are met. Assist Project Teams in implementing insurance budgets and accounting procedures for all newly acquired projects. IV. Leadership and Management Manage direct reports within the Risk Management team. Work collaboratively with the various business groups throughout the organization. Drive the development of innovative risk solutions that improve the firm’s financial resilience and operational efficiency. Interface effectively with project teams, business partners (Insurers, Brokers, TPAs, Actuaries, Captive Managers, etc.), and others to develop and implement risk management processes and solutions.

Requirements

5–8 years of professional finance or accounting experience.
Required: Bachelor’s Degree (Risk Management, Finance, or related field preferred).
Foundational knowledge of P&C insurance and risk financing; professional designations such as CPCU, ARM, or CRIS are a plus.
Strong financial and accounting technical skills are required, with a heavy emphasis on financial modeling and data analysis.
Experience managing others is highly valued.
Superior interpersonal skills: Ease in working with people up and down the organization hierarchy, demonstrated ability to interact with senior executives, and naturally adaptive to different audiences.
Strong project management skills, results-driven, adaptable with ability to manage multiple priorities and meet deadlines.
Ability to analyze complex problems involving varying viewpoints and to develop viable solutions.
Excellent written and verbal communication skills.
Ability to take initiative, be proactive and work efficiently without supervision.
Applicants must be currently authorized to work in the US on a full-time basis in order to be considered.

Nice To Haves

Background in risk management, insurance, real estate or construction is preferred but not required.
Foundational knowledge of P&C insurance and risk financing; professional designations such as CPCU, ARM, or CRIS are a plus.
Experience managing others is highly valued.

Responsibilities

Financial Planning, Modeling & Reporting Develop and maintain sophisticated models to forecast program revenues, expenses, and long-term financial trajectories.
Conduct deep-dive analysis into program performance to ensure maximum cost-effectiveness across all business units.
Compile annual, monthly, and ad hoc financial reports, communicating key performance indicators (KPIs) and financial results to senior management.
Oversee department-wide cash flows, ensuring the precision and timely processing of all risk-related payables and receivables.
Manage insurance-related monthly accounting transactions and ensure alignment with corporate finance standards.
Lead internal and external insurance program audits, focusing on financial integrity and compliance.
Risk Program Administration & Strategy Oversee the financial administration of the company’s captive insurance programs, including financial administration and regulatory compliance.
Apply broad knowledge of Property & Casualty (P&C) insurance to evaluate coverage specifications and assist in negotiations with insurers.
Manage the financial lifecycle of Contractor Controlled Insurance Programs (CCIP), including enrollment tracking, payroll reporting, and premium allocations.
Oversee the Subcontractor Default Insurance (SDI) program, focusing on financial risk assessment of subcontractors and program administration.
Provide recommendations for alternative risk financing and risk management solutions to enhance profitability.
Maintain the Risk Management Information System (RMIS) to track insurance schedules and claim activity costs.
Project & Pursuit Support Interact with Legal counsel to identify risks within proposed construction agreements.
Interface with lenders, joint venture partners, and project owners to ensure insurance and financial requirements are met.
Assist Project Teams in implementing insurance budgets and accounting procedures for all newly acquired projects.
Leadership and Management Manage direct reports within the Risk Management team.
Work collaboratively with the various business groups throughout the organization.
Drive the development of innovative risk solutions that improve the firm’s financial resilience and operational efficiency.
Interface effectively with project teams, business partners (Insurers, Brokers, TPAs, Actuaries, Captive Managers, etc.), and others to develop and implement risk management processes and solutions.