Director, Risk Management

Job Description Summary

The Director of Risk Management provides strategic leadership and operational oversight for risk management activities across the organization. This position will serve as a trusted strategic advisor to executive leadership, offering independent risk assessments, program recommendations, and cross-functional guidance. The Director will play a pivotal role in evaluating and potentially establishing alternative risk financing mechanisms, including captive insurance structures and self-insurance programs, while also overseeing the successful expansion of the company's surety bonding program.

This role can be based full-time in our office in San Diego, CA, Denver, CO, Dallas, TX, or Edison, NJ. Specific location details and expectations will be discussed during the interview process.

• This job description reflects management's assignment of essential functions; it does not prescribe or restrict the tasks that may be assigned

• Working with leadership, develop, implement, and continuously refine a comprehensive Enterprise Risk Management (ERM) framework aligned with company strategy and growth objectives.
• Proactively present risk management recommendations, trend analyses, and program updates to executive leadership and the Board
• Establish and track key risk indicators (KRIs) and present regular risk dashboards to senior management.

• Lead all aspects of annual insurance renewals across all lines of coverage, including General Liability, Workers' Compensation, Commercial Auto, Umbrella/Excess, Professional Liability, and Pollution Liability.
• Manage Builders Risk policy placements, including project-specific and blanket programs, ensuring appropriate coverage terms and limits aligned with project scope and value.
• Conduct and oversee insurance audits, ensuring accurate premium computation and resolving discrepancies with carriers.
• Maintain strong relationships with brokers, underwriters, and carriers; actively market the company’s risk profile to secure favorable terms and pricing.
• Benchmark coverage, retentions, and premiums against industry peers and recommend program adjustments.

• Lead the feasibility analysis, design, and potential implementation of a captive insurance company or other alternative risk transfer vehicles.
• Evaluate self-insurance programs for appropriate lines of coverage, including fronting arrangements, loss-sensitive programs, and funded retentions.
• Partner with external advisors (actuaries, captive managers, legal counsel) to structure, domicile, and operate alternative risk financing programs.
• Develop financial models to assess risk retention strategies and their impact on company cash flow and total cost of risk (TCOR).
• Ensure regulatory compliance for all alternative risk structures, including captive licensing, reserve adequacy, and reporting requirements.

• Oversee the end-to-end claims management process across all lines of coverage, ensuring timely reporting, investigation, and favorable resolution.
• Collaborate with project teams, legal counsel, and third-party administrators (TPAs) to manage complex or litigated claims effectively.
• Analyze claims data to identify trends, root causes, and systemic exposures; use findings to drive loss prevention initiatives.
• Establish reserves and monitor claim development against projections; report significant claim activity to senior leadership.
• Manage relationships with defense counsel and monitor litigation spend and strategy.

• Review and negotiate risk-related provisions across all contract types the company executes, including construction owner contracts and subcontracts, supplier and vendor agreements, equipment leases, joint ventures, and professional service agreements.
• Review risk and insurance provisions in real estate transactions, including property acquisitions, dispositions, ground leases, and development agreements; ensure appropriate property, environmental, and liability coverage is in place at all stages of ownership and…