Risk Director
10+ years
Greater St. Louis
Full-time
Hybrid
1 month ago
About the role
McCarthy Holdings, Inc. (McCarthy) , is the holding entity for McCarthy Building Companies, Inc., the oldest privately-held national construction company in America, and Castle Contracting. McCarthy provides the crucial business infrastructure for these entities and connects the day-to-day operations to ensure seamless operations across the business. Repeatedly honored as a great place to work and healthiest employer, McCarthy is a 100 percent employee-owned company .
At McCarthy, we are committed to sustaining a culture that delivers great experiences for everyone. This begins with developing high-performing individuals and teams through our award-winning learning and development programs, best-in-class Total Rewards benefits, and our inclusive culture aligned with our core values: Genuine . We, Not I . All In.
How do McCarthy partners define our culture?
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POSITION SUMMARY
The Risk Director is primarily responsible for the timely and accurate review, analysis and write-ups of contractual language for new construction projects. This position evaluates and recommends the appropriate risk transfer, risk financing and/or risk mitigation techniques considered necessary for each project. This is a fast-paced and highly visible position that requires interaction with Project Executives, Estimators, Division Management, Legal, VP of Risk Management, CFO and McCarthy’s broker.
RESPONSIBILITIES
QUALIFICATIONS
At McCarthy, we are committed to sustaining a culture that delivers great experiences for everyone. This begins with developing high-performing individuals and teams through our award-winning learning and development programs, best-in-class Total Rewards benefits, and our inclusive culture aligned with our core values: Genuine . We, Not I . All In.
How do McCarthy partners define our culture?
-
- We Live Our Core Values: We do whatever it takes to deliver on our promises with honesty and integrity.
- We are Employee Owned: We are personally invested in building the things people need in our communities.
- We Feel Like a Family: We value genuine connections and help each other succeed in an inclusive environment.
- We are Builders: We respect the work we do and everyone who helps make it happen safely.
POSITION SUMMARY
The Risk Director is primarily responsible for the timely and accurate review, analysis and write-ups of contractual language for new construction projects. This position evaluates and recommends the appropriate risk transfer, risk financing and/or risk mitigation techniques considered necessary for each project. This is a fast-paced and highly visible position that requires interaction with Project Executives, Estimators, Division Management, Legal, VP of Risk Management, CFO and McCarthy’s broker.
RESPONSIBILITIES
- Review and analyze Bid Documents and Specifications for new contracts.
- Prepare detailed Memo and Executive Summary upon completion of review of bid documents for Sr. Management.
- Review insurance coverage issues related to construction contracts, lease agreements, subcontract agreements and consultant agreements with Corporate Legal, Division Management and Construction Project Management.
- Evaluate, initiate and direct the appropriate insurance pricing and coverage recommendations for all new pursuits.
- Create insurance bid specifications that can be marketed by the company’s insurance broker to provide appropriate coverage on a project basis and/or company wide.
- Review, negotiate and approve project specific policy forms that will be bound to protect the project and in turn the company.
- Evaluate Owner supplied (i.e., builders’ risk, OCIP) and other project specific as well as Subcontractor furnished insurance policies in order to ensure the adequacy of such coverage and to identify any gaps in coverage; recommend alternatives and solutions.
- Assist the broker with the development, implementation and management of company sponsored Contractor Controlled Insurance Programs (CCIPs), including the ongoing financial evaluation of programs as well as the roll out and monitoring of the program at the project site.
- Ensure that all project specific insurance coverage and bonds are managed throughout the lifecycle of the project and the respective extended reporting period and/or completed operations period.
- Assist with completing all required insurance applications for coverage renewals.
- Assist in the review, comparison and negotiation of all McCarthy purchased insurance policies.
- Assist with the compilation/development of data for the company’s annual renewal of the property and casualty insurance program.
- Compile and maintain statistical reports as required.
- Participate / lead insurance and risk transfer training with Field Operation partners.
- Maintain project records in Risk Information Management System (RMIS) to keep information current and accurate and manage assigned tasks.
QUALIFICATIONS
- Four-year degree in related field preferred.
- Minimum of 7-10 yrs. experience in a Construction Claims role for a Contractor, Broker, or Insurance Co.
- Insurance designations a plus, e.g., CPCU, ARM, CRIS.
- Experience within the Construction Industry, in particular in Commercial, Industrial, and Civil.
- Understanding of construction industry insurance products and terminology.
- Exceptional interpersonal, written and verbal communication skills.
- Must be able to provide a high level of service to our internal and external customers.
- Experience with large deductible insurance programs.
- Knowledge and ability to review and provide written and verbal contractual analysis.
- Strong computer and financial skills.
- Strong reading, reading comprehension and writing skills.
Skills
General BusinessConstruction