Nature of Work

Provides overall management of subcontractor default insurance (SDI) program; coordinates subcontractor prequalification process, project and subcontractor enrollment in SDI, and overall program compliance; maintains constructive relationships and communicates with industry trade partners, insurance carrier representatives, company staff and leadership.

Essential Functions and Responsibilities

• Coordinates the enrollment, processing, evaluation, and updating of the subcontractor prequalification process with internal team members and industry trade partners to ensure integrity of information and timely evaluation of risk assessments
• Accountable for SDI Program implementation, compliance, subcontractor prequalification documentation, data analysis, payment processing, program budgeting, renewal, and internal/external reporting
• Manages and directs the Subcontract Default Insurance (SDI) Program across the company to include project enrollment, subcontractor enrollment, and coordination of subcontractor evaluation and risk assessment
• Collaborate with internal team members, legal, and insurance providers to ensure compliance with SDI program requirements
• Coordinates and communicates with insurance representatives, vendors, subcontractors, and team members
• Initiate and oversee the SDI claims process in the event of subcontractor default(s), working closely with project team, legal, insurance partners, and company leadership
• Maintain accurate records, reports, and documentation related to the SDI program
• Responsible for providing updates to company leadership on SDI Program compliance and performance including, but not limited to, periodic reporting and analysis on subcontractor risk and trends.
• Collaborate with project teams to develop risk mitigation strategies and contingency plans
  Monitor industry trends and regulatory changes to adapt risk management strategies accordingly
• Organizes, participates, and leads various program meetings
• Develops and leads training on subcontractor prequalification and default requirements and best practices
• Exercises initiative or, as directed, performs additional duties to meet the needs of the organization
• Analyzes financial and other data to assess risk of doing business with a specific subcontractor.
• Proactively monitors and interprets ongoing financial performance and responds appropriately.
• Conveys security requirements for mitigating risk with subcontractors to minimize risk exposure.

Qualifications

• Ability to lead, collaborate with, and function well within a team-oriented environment
• Attention to detail and the ability to manage multiple tasks concurrently
• Strong organizational and effective communication skills
• Familiarity with subcontractor default insurance programs and related legal frameworks
• Excellent analytical skills with the ability to assess financial statements and evaluate subcontractor performance
• Strong understanding of construction industry practices, regulations, and risk assessment methodologies
• Effective communication and negotiation skills to interact with internal team members, subcontractors, insurance providers, and legal professionals
• Knowledge of accounting principles as it relates to construction
• Understanding of actuarial reports
• Ability to prepare and present presentations related to overall program performance
• Self-motivated, self-improvement, self-development
• Experience with supervising or managing direct reports preferred
• Proficiency in Microsoft Office Suite and other appropriate software skills

Education

• Bachelor’s degree in Construction Management, Risk Management, Business Administration, Economics, Finance or related field
• Relevant certifications such as Certified Construction Risk and Insurance Specialist (CCRI) or similar credentials preferred

Experience

• Proven (5-7 years) experience in construction risk management, subcontractor management, and insurance program administration preferred

Physical Demands / Work Environment

• Physical demands for this position are moderate. Typically, the employee may sit comfortably to do the work. However, there may be walking, standing, bending or carrying of items (25-50 pounds) such as plan documents, papers, books, parts, etc. The work may require specific but common physical characteristics and abilities such as above-average agility and dexterity. Requires a good ability to see, hear, and speak.