VP of Insurance & Risk Management

Sundt•Tempe, AZ

About The Position

The Vice President of Insurance and Risk Management provides strategic direction to Executive Leadership and leads Sundt’s enterprise-wide risk management function. The role owns the strategy, market relationships, and performance of the company’s insurance and risk-financing program, including insurance structure and placement, cost containment, reserves, and the effective use of company assets for risk management. Potential approaches 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 VP will build, lead, and scale the Insurance and Risk Management department, develop business-group-aligned insurance administration, lead annual renewals, oversee cost and claims matters within delegated authority, and report exposure and program performance to senior executives and the board. The General Counsel retains ultimate settlement and reserve authority.

Requirements

At least 15 years of corporate insurance and risk management experience, including substantial time in a senior leadership role.
Knowledge of project-based risk, surety, controlled insurance programs (OCIP/CCIP), and builders risk.
A track record of leading broker and carrier relationships and managing annual renewals.
Experience building or scaling a risk and insurance team.
Experience owning a corporate insurance program and advising executives on alternative risk-management or risk-financing structures, rather than merely administering coverage placed by others.
Comfort advising and presenting at the executive and board level.

Nice To Haves

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

Responsibilities

Assess and recommend to Executive Leadership how company assets can be used most effectively to manage risk through different 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 provides each operating group with a single, knowledgeable point of contact.
Evaluate department structure and staffing against workload and make recommendations to Executive Leadership.
Lead annual insurance renewals end to end, including strategy, marketing, negotiation of terms and premiums, and final outcomes.
Manage cost containment and total cost of risk, and oversee reserve management and claim settlement within delegated authority.
Report risk exposure and program performance to senior executives and the board.
Serve as the point of contact for the insurance and surety brokers, 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.