Director of Risk Management

Atlanta, GA, US;
Chicago, IL, US;
Downers Grove, IL, US;
King of Prussia, PA, US;
St. Louis, MO, US

Are you an experienced construction risk leader who understands how insurance, claims, contractual risk transfer, and business operations work together to protect and enable a growing organization? Do you enjoy building programs, developing teams, and partnering with executive leadership to turn complex risk into practical business solutions? If the answer is “Yes!” then we have an exciting opportunity for you.

Who are we? We are ARCO, a Family of Construction Companies. We are seeking a Director of Risk Management to lead our enterprise risk function and help shape the insurance, risk-financing, claims, and risk-transfer strategies that support our continued growth.

• Own and set ARCO's enterprise risk-management strategy across the family of construction companies, translating business objectives into insurance program design, risk-transfer standards, and long-term risk financing
• Lead the design, placement, renewal, and stewardship of ARCO's corporate and project insurance programs, directing broker RFPs, market negotiations, and carrier relationships to optimize coverage, pricing, and terms
• Assist the Chief Legal Officer in setting enterprise standards for contractual risk transfer (indemnification, additional insured, waivers of subrogation, limitation of liability) and partner with Legal on complex or non-standard positions — the standards the Risk Manager and risk staff apply day to day
• Own risk analysis and governance for major project pursuits and strategic growth initiatives, establishing and leading project risk review protocols that evaluate contractual, operational, financial, insurance, and surety exposures before project commitment
• Lead, manage, mentor, and develop the Risk team (Risk Manager, Assistant Risk Manager, Risk Coordinator, and Risk Analyst), scaling risk services to support ARCO's growth and expansion into new markets (e.g., federal, data centers, power and infrastructure)
• As the risk function's first dedicated executive leader, personally build and run the program hands-on during the initial stand-up, then design, justify, and hire the team layers beneath — including a Senior Risk Manager — as the function scales
• Serve as the enterprise's senior risk advisor to the CEO, CAO, CFO, CLO, Safety on risk appetite, emerging exposures, and program performance
• Direct subcontractor prequalification and insurance-compliance frameworks, ensuring consistent risk thresholds across all subcontract awards
• Develop risk-management frameworks addressing critical supplier, subcontractor, and supply-chain exposures that could impact project profitability, schedule, and client obligations
• Oversee the annual renewal process end to end, including underwriting data, exposure summaries, and allocation of insurance costs across entities and projects
• Own optimization of ARCO's total cost of risk (TCOR) by strategically structuring program coverages, limits, deductibles, and retentions
• Evaluate, design, and oversee alternative risk-financing structures — including ARCO's single-parent captive, serving as or supporting the executive sponsor for captive governance, including board reporting, actuarial strategy, capital planning, and reinsurance purchasing — and controlled insurance programs (CCIP/OCIP) on both a project-specific and master/portfolio basis, advising project teams on owner-sponsored and contractor-sponsored structures and evaluating risk retention, coverage adequacy, wrap participation, and financial impact
• Partner with IT, Compliance, and Legal to oversee enterprise cyber-risk financing strategy, incident-response readiness, third-party technology risk, and…