Subcontractor Risk & SDI Manager

Shawmut•Boston, MA

2d•$100,000 - $150,000•Hybrid

About The Position

At Shawmut Design and Construction, the Subcontractor Risk & SDI Manager implements and oversees the day-to-day functions of subcontractor and partner prequalification, including the review of annual and interim financial statements. In collaboration with Regional Risk Leaders, the Manager assesses financial solvency and other qualification criteria for enrollment in Shawmut’s Subcontractor Default Insurance (SDI) program. The role makes decisions within an approved authority matrix and escalates decisions based on subcontractor solvency and proposed award size. The Manager may also support regional teams and Risk Directors with project risk identification and management. The position is based out of Shawmut’s Boston office three days per week, with the option to work from home two days per week. The stated Boston salary range is $100,000–$150,000, depending on factors including experience, project size capability for applicable roles, and internal company equity.

Requirements

7–10 years of relevant experience in financial statement analysis, credit or subcontractor prequalification, construction risk, insurance, surety, or a related field.
Demonstrated ability to analyze financial statements, including liquidity, leverage, profitability, working capital, and financial trends.
Thorough knowledge of senior leadership and regional legal trends and risks.
Outstanding relationship-building skills.

Nice To Haves

Bachelor’s degree in finance, accounting, risk management, business, or a related field is preferred; an equivalent combination of education and relevant experience may be considered.

Responsibilities

Manage the day-to-day operation of Shawmut’s SDI program, including enrolled projects and subcontractors.
Review subcontractor financial statements.
Coordinate program functions and tasks with Shawmut’s broker and insurance carrier.
Serve as the primary point of contact within Shawmut for SDI-related questions and issues.
Partner with operations teams across locations to promote consistent SDI program use and help explain the program to clients.
Manage subcontractor prequalification within designated systems.
Complete initial prequalification reviews and communicate decisions or required escalations within 48 hours of receiving a complete submission.
Ensure operations teams consistently follow the prequalification process and evaluate and refine the process as needed.
Conduct in-depth prequalification analyses of subcontractors outside Shawmut’s predefined standards.
Make qualification and enrollment decisions within the approved authority matrix and escalate decisions based on financial solvency and proposed award size.
Establish management plans and mitigation measures for subcontractors approved with exceptions or conditions.
Implement and manage the SDI claims process, including helping operations teams prepare complete claim submissions and coordinating with Risk Management Leadership, the broker, and the insurance carrier.
Assemble supporting documentation and manage claim submissions to the insurance carrier.
As needed, support Risk Management Leadership and project teams by reviewing contracts and insurance requirements and developing project-specific risk mitigation plans and strategies.