Director of Risk Management - Construction & Development

Director Of Risk Management – Construction & Development

The Director of Risk Management – Construction & Development is responsible for identifying, evaluating, and managing construction-related risk exposures across a national portfolio of ground-up developments, major capital projects, and tenant improvements. Reporting to the Senior Vice President of Risk Management, this role partners closely with Transwestern's Development, Construction Project Management, Legal, Procurement, and Operations to ensure that contractual risk transfer, insurance placement, and loss prevention strategies appropriately protect the firm throughout the project lifecycle.

The position focuses heavily on construction risk management, including builder's risk programs, Owner's Interest Liability, OCIP/CCIP participation, contractor insurance compliance, contract review, and claims management.

• Identify, assess, and mitigate construction-related risk exposures for ground-up developments, redevelopments, and major capital projects
• Support project teams during pre-development, design, and construction phases to proactively address risk issues
• Advise on project-specific risk strategies including insurance structures, deductibles, retentions, and contractual indemnities
• Support underwriting submissions and portfolio-level analytics for construction exposures
• Manage and administer construction-related insurance programs, including:
• Builder's Risk
• OCIP/CCIP (owner-controlled or contractor-controlled programs)
• Contractor's Pollution Liability
• Professional Liability (design professionals)
• Installation Floater and Equipment Coverages
• Coordinate placement and renewal of construction insurance programs with brokers and insurers
• Evaluate project-specific insurance requirements versus enterprise programs
• Review and negotiate construction, design, and consulting agreements to ensure appropriate:
• Indemnification provisions
• Insurance requirements and risk transfer clauses
• Limitation of liability and consequential damages clauses
• Collaborate with Legal and Construction teams to align template contracts with corporate risk tolerance
• Assist in Contractor & Vendor Insurance Compliance for national development and construction project management operations
• Manage construction-related claims, including:
• Property damage
• Defective work
• Construction accidents and third-party liability claims
• Coordinate claims handling with carriers, adjusters, legal counsel, and internal stakeholders
• Analyze loss trends and recommend corrective actions to reduce future incidents
• Partner with Construction and Safety teams to promote strong site safety and loss control practices
• Review builder's risk loss control reports and field inspections
• Support development of best practices for contractor safety performance and site controls
• Prepare executive-level reporting on construction risk exposures, claims, and insurance performance
• Support investment committee and project approval processes with risk assessments and insurance input
• Contribute to continuous improvement of enterprise risk management and construction governance
• Support enterprise-wide risk management initiatives and ensure alignment with corporate risk strategies
• Assist in maintaining accurate risk data and reporting within RMIS platforms to support analytics and underwriting
• Provide training and guidance to project stakeholders on risk management best practices
• Support Senior Vice President of Risk Management in enterprise wide risk management initiatives.

Education:

• A Bachelor's degree with emphasis in Risk Management, Finance, Business, or a related field.
• Relevant certifications (e.g., Certified Risk Manager, Certified Financial Risk Manager) are a plus.

Experience:

• 7+ years of proven experience in construction risk management, insurance, or related field

Technical

Skills:

• Familiarity with commercial real estate risk management strategies, insurance, and risk transfer issues.
• Thorough understanding of Owner and Property Manager risk and insurance exposures.
• Experience supporting large-scale commercial real estate development projects
• Strong working knowledge of:
• Builder's risk insurance
• Con…