VP of Insurance & Risk Management

Sundt Construction•Tempe, AZ

About The Position

The Vice President of Insurance and Risk Management provides strategic direction for the enterprise and Executive Leadership on the company’s risk management function. The role owns the strategy, market relationships, and performance of the insurance and risk-financing program, including insurance structure and strategy, placement, cost containment, reserve management, and effective use of company assets for risk management. Risk-spreading structures may include self-insured retentions, large-deductible and retrospective-rating programs, controlled insurance (wrap-up) programs, aggregate stop-loss protection, parametric covers, captive or cell arrangements, and fronting policies. This is a build-and-own leadership role rather than a program-administration role. The Vice President will build, lead, and scale the Insurance and Risk Management department, including claims management, business-group-aligned insurance administration, systems, and analytics. The role leads the annual insurance renewal, manages broker and carrier relationships, advises executives on insurance and risk-financing alternatives, and reports risk exposure and program performance to senior executives and the board. The position leads the Insurance and Risk Management department and guides its scaling requirements across the enterprise.

Requirements

Fifteen or more years in corporate insurance and risk management, with substantial time in a senior leadership role.
Track record leading broker and carrier relationships and running annual renewals.
Experience building or scaling a risk and insurance team.
Experience owning a corporate insurance program and advising executives on alternative risk-management and/or risk-financing structures rather than administering coverage placed by others.
Knowledge of project-based risk, surety, controlled insurance programs (OCIP/CCIP), and builders risk.
Comfort advising and presenting at the executive and board level.
Ability to comply with all safety standards and procedures.
Ability to occasionally lift, push, or pull objects up to 50 lbs.
Ability to occasionally stoop, kneel, or bend; frequently use hands to grasp, lift, handle, carry, or feel objects; and sit, stand, or walk short distances for up to the duration of a workday.
Frequent interaction with people and technology and frequent use of a telephone, computer system, email, and other electronic devices to communicate with internal and external customers or vendors.

Nice To Haves

Construction, engineering, or heavy/civil industry background is strongly preferred.
ARM, CPCU, or CRM designation.
Alternative-risk-financing or captive experience.
Familiarity with a risk management information system; the company uses Origami Risk.

Responsibilities

Assess and recommend to Executive Leadership how company assets can be used most effectively for risk across available risk-spreading structures.
Build, lead, and scale the Insurance and Risk Management department across claims management, business-group-aligned insurance administration, systems, and analytics.
Develop a business-group-aligned insurance administration model that gives each operating group a single, knowledgeable point of contact.
Evaluate departmental structure and staffing against workload and deliver recommendations to Executive Leadership.
Lead the annual insurance renewal end to end, including strategy, marketing, negotiation of terms and premiums, and final outcome.
Manage cost containment and total cost of risk; oversee reserve management and claim settlement within delegated authority. Ultimate settlement and reserve authority resides with the General Counsel.
Report risk exposure and program performance to senior executives and the board.
Serve as the point of contact for the insurance broker and surety broker, and direct carrier strategy and market approach.
Set the structure and evolution of the company’s insurance and risk-financing program and advise Executive Leadership on self-insurance and other program alternatives.
Provide guidance on scaling requirements across insurance and risk management functions.