Subcontractor Risk & SDI Manager

Shawmut • REMOTE,

4d • $100,000 - $150,000 • Remote

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 review of annual and interim financial statements. Working with Regional Risk Leaders, the Manager assesses financial solvency and other qualification criteria for enrollment in Shawmut’s Subcontractor Default Insurance (SDI) program. The Manager makes decisions within the approved authority matrix and escalates decisions based on subcontractor financial solvency and proposed award size. The role may also support Regions and Risk Directors with project risk identification and management. This position can work 100% remotely.

The Manager operates and continually enhances the SDI program and subcontractor prequalification process; serves as Shawmut’s primary contact for SDI questions and issues; and partners with operations across locations to promote the program and support its consistent use. The role also manages SDI claims and, as needed, supports Risk Management Leadership and project teams with contract reviews, insurance requirements, and project-specific risk mitigation.

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 risk.
• 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 projects and subcontractors enrolled in the program.
• Review subcontractor financial statements.
• Communicate and 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 across all locations to support the success of the SDI program.
• Educate operations teams about the SDI program and advocate for consistent use.
• Assist operations teams in explaining the SDI program to clients.
• Manage the subcontractor prequalification process within designated systems.
• Complete initial prequalification reviews and communicate the decision or required escalation within 48 hours after receiving a complete submission.
• Ensure operations teams consistently adhere to the prequalification process.
• Evaluate and refine the prequalification process as needed.
• Perform in-depth prequalification analyses of subcontractors that fall 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 with day-to-day risk management, including reviewing contracts and insurance requirements and developing project-specific risk mitigation plans and strategies.
• As needed, support Regions and Risk Directors in identifying and managing project risk.

Benefits

• Health, dental, and vision insurance.
• Employee Stock Ownership Plan (ESOP).
• 401(k) with company match of up to 4% of eligible pay.
• Paid vacation and sick time, 12 holidays, summer Fridays, and a yearly volunteer day.
• Cell phone and laptop.
• Tuition reimbursement.
• Pet insurance.
• Financial planning services.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager