Director of Risk Management - Construction & Development

Transwestern is a vertically integrated commercial real estate firm dedicated to serving investors, partners and clients through expertise in investment, development, brokerage and property management. Our experience spans diverse property types, including logistics, multifamily, retail, mixed-use, healthcare, office, data centers, hotel, and life sciences. Across 35 offices nationwide, our team is united by a culture that cultivates agility, mutual trust and high performance.

Transwestern Services turns strategy into reality with consistency and accountability, collaborating to provide dynamic, tailored solutions. Whether representing a tenant, advising an investor or repositioning an asset, we operate with tenacity and own the outcome every time. Our 2,200-strong team works across service lines, ready to activate our full platform to deliver a customized, cohesive experience for clients.

POSITION SUMMARY:

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.

POSITION ESSENTIAL FUNCTIONS Construction Risk 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

Insurance Program Oversight Manage and administer construction-related insurance programs, including:

Builder’s RiskOCIP/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

Contract Review & Risk Transfer 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

Claims & Loss Control 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

Safety & Loss Prevention 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…