Senior Manager - Risk Management & Financial Strategy

Clark Construction Group, LLC•McLean, VA

About The Position

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 Senior Manager will report to the Vice President of Risk Management. Essential Duties and Responsibilities: This Senior Manager will establish, manage, and execute the financial strategy and core risk management program elements for the department. I. Financial Planning and Reporting Develop models to forecast program revenues and expenses. Analyze program performance to ensure cost-effectiveness across all business units. Perform analysis and compile annual, monthly, and ad hoc financial and/or risk reports. Prepare internal reports and communicate key metrics and performance indicators and results to senior management. Oversee department cashflows and ensure timely processing of all risk payables and receivables. Support insurance-related monthly accounting transactions. II. Project and Pursuit Support Understand the current and pipeline development projects, including the nature and requirements of each, to ensure compliance. Interact with Legal counsel to identify risk in proposed construction agreements. Establish coverage specifications, and assist in negotiations with insurers. Interact directly with lenders, joint venture partners, and project owners to assure insurance meets requirements and provide required documents for each project. Liaise with insurance brokers to oversee, coordinate services, and provide strategic and operational guidance. Assist Project Teams in implementing insurance procedures, budgets, and accounting for all newly acquired projects. III. Risk Program Administration Oversee the administration of the company's captive insurance program, including financial management, regulatory compliance, underwriting, and policy issuance. Maintain the Risk Management Information System (RMIS), inclusive of all essential project documents, insurance schedules, and claim activity. Manage risk management program documentation to protect the Organization against unknown risk. Provide recommendations for alternative risk management solutions. Assist with internal and external insurance program audits. IV. Leadership and Management Manage direct reports within the Risk Management team. Work collaboratively with the various business groups throughout the organization. Take leadership and ownership for creative and effective risk management solutions that will further develop the firm’s overall strategic best practices. 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

Minimum of 10 years in the commercial insurance industry, real estate, or corporation with active construction programs or property investments.
Required: Bachelor’s Degree (Risk Management, Finance, or related field preferred).
Broad knowledge and experience in risk management, risk financing, risk assessment, and risk strategy.
Strong financial and accounting technical skills required.
Experience managing others.
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.

Nice To Haves

Preferred: Master’s Degree.
CPCU, ARM or CRIS designation is desirable.

Responsibilities

Develop models to forecast program revenues and expenses.
Analyze program performance to ensure cost-effectiveness across all business units.
Perform analysis and compile annual, monthly, and ad hoc financial and/or risk reports.
Prepare internal reports and communicate key metrics and performance indicators and results to senior management.
Oversee department cashflows and ensure timely processing of all risk payables and receivables.
Support insurance-related monthly accounting transactions.
Understand the current and pipeline development projects, including the nature and requirements of each, to ensure compliance.
Interact with Legal counsel to identify risk in proposed construction agreements.
Establish coverage specifications, and assist in negotiations with insurers.
Interact directly with lenders, joint venture partners, and project owners to assure insurance meets requirements and provide required documents for each project.
Liaise with insurance brokers to oversee, coordinate services, and provide strategic and operational guidance.
Assist Project Teams in implementing insurance procedures, budgets, and accounting for all newly acquired projects.
Oversee the administration of the company's captive insurance program, including financial management, regulatory compliance, underwriting, and policy issuance.
Maintain the Risk Management Information System (RMIS), inclusive of all essential project documents, insurance schedules, and claim activity.
Manage risk management program documentation to protect the Organization against unknown risk.
Provide recommendations for alternative risk management solutions.
Assist with internal and external insurance program audits.
Manage direct reports within the Risk Management team.
Work collaboratively with the various business groups throughout the organization.
Take leadership and ownership for creative and effective risk management solutions that will further develop the firm’s overall strategic best practices.
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.