Risk Management Specialist

XL Construction • Oakland, CA

7d

About The Position

Description/Summary: Our Risk Management department currently has an opening for a Risk Management Specialist. In this role you will serve a key function, of analyzing, reporting, and proposing solutions from a corporate and project team level perspective as it relates to insurable risk. We are a resolute and enthusiastic team building to improve lives. We are seeking someone with foundational insurance knowledge, who is seeking career growth within construction risk management.

Requirements

• College degree preferred or applicable industry experience (3-5 years of experience)
• One of the following: Insurance acumen as it relates to construction exposure (General Liability, Worker’s Compensation, Professional, Builder’s Risk, Property, and Sub-Contractor Default Insurance)
• General Contractor trade prequalification experience and working use of prequalification software
• Risk management experience and background
• Specialty degree(s) and credentials related to risk management preferred
• Knowledge with a general contractor of industry practices and regulations which affect insurance, legal, and risk management matters
• Strong verbal and written communication skills

Nice To Haves

• Experience with contracts or legal background is a plus
• Accounting/Finance project experience is a plus

Responsibilities

• Collaborate with operations in setup, maintenance of risk processes for construction projects
• Ensure compliance with XL’s procedures, authorization matrix, and risk programs via periodic project audits
• Review of project status reporting and documentation, management of projects, to identify and prioritize risk management focus areas
• Assist operations with the review of construction subcontracts for acceptable terms and conditions
• Participate in and/or facilitate risk workshops and operational risk reviews to identify key areas of risk, develop management and mitigation strategies
• Administration and tracking for meetings and claims reporting
• Support the development of new programs and initiatives, updates of existing programs, and vision planning of future needs
• Corporate and entity governance management (license and annual state renewals)
• Code and process expenses and invoices for risk department
• Risk department document control
• Management for all subcontractor insurance compliance
• Analyze and understand insurable risks and potential risk mitigation opportunities; interact with operational groups to ensure coordination between project activities, exposures, and appropriate insurance coverage.
• Assist with management of corporate Subcontractor Default Insurance program including coordination with internal teams, external sales discussions, and management of broker and insurer relationships.
• As needed, periodic insurance reporting and assistance with client insurance requests
• Process Bond requests as directed
• Gather renewal information for all insurance coverage, maintenance of all policies and forms
• Management and administration of trade prequalification program (maintenance, new vendors, renewals, compliance, reporting) and coordination with Preconstruction Dept.
• Analyze and provide appropriate prequalification feedback on subcontractor partners
• Coordination with corporate parent prequalification group

Benefits

• This role is also eligible for participation in company bonus programs and comprehensive benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 251-500 employees