Risk Manager

Risk Management – Key Responsibilities

Insurance & Builder’s Risk

· Review contracts to confirm insurance requirements and verify availability of compliant Builder’s Risk coverage.

· Coordinate standalone Builder’s Risk policies for projects exceeding $10M, including submission of all required documentation (applications, budgets, schedules, site plans, reports, and plans).

· Evaluate coverage options with the broker and confirm appropriate policy selection.

· Monitor active policies to ensure continuous coverage through project completion, including managing extensions and resubmissions.

Bonding

· Maintain annual bonding capacity documentation and provide to leadership

· Manage the submission, review, execution, filing, and tracking of all bond types (bid, performance, payment, maintenance, completion, etc.).

· Verify issued bonds for contract compliance prior to execution and ensure proper closeout.

Certificates of Insurance & OCIP Administration

· Issue and distribute certificates of insurance in accordance with executed contracts.

· Coordinate standalone policies as required through the broker.

· Administer OCIP enrollments for company and subcontractors across all tiers.

· Track OCIP certificates, manage policy closeout, and coordinate credits or reconciliations at project completion.

Subcontractor Default Insurance (SDI)

· Oversee SDI (Subguard) enrollment at project setup, ensuring accurate cost reporting and compliance with policy limits.

· Manage subcontractor prequalification and documentation for contracts that exceed $40M.

· Confirm all required endorsements and obtain project approval for premiums.

· Process invoicing, accounting entries, and final cost reconciliations, including refunds where applicable.

Financial Oversight & Broker Coordination

· Review all broker invoices for accuracy and rate compliance.

· Code and submit insurance-, bond-, and SDI-related invoices for payment in accordance with accounting requirements.

· Serve as primary liaison with insurance brokers and carriers to ensure policy compliance and timely execution