Risk Manager

Risk Manager (Construction)

Position Summary

The Risk Manager is responsible for identifying, analyzing, and mitigating risks across all phases of construction projects, including preconstruction, execution, and closeout. This role works closely with executive leadership, project teams, legal, safety, and insurance partners to protect the company’s financial position, ensure contractual compliance, and support successful project delivery.

Key Responsibilities

Risk Identification & Analysis

• Evaluate project risks during pursuit and preconstruction (contract terms, site conditions, financial exposure, scheduling constraints)
• Conduct quantitative and qualitative risk assessments for large-scale projects
• Develop and maintain project risk registers and reporting frameworks
• Identify emerging risks across the portfolio (market, supply chain, labor, regulatory)
  
  

Contract & Legal Risk Management

• Review and negotiate contract terms, including indemnity, insurance, and liability provisions
• Partner with legal counsel on dispute avoidance and resolution strategies
• Ensure alignment between contract obligations and operational execution
• Support claims management, including documentation and strategy development
  
  

Insurance & Claims Management

• Oversee corporate insurance programs (GL, Builder’s Risk, Professional Liability, Workers Comp, OCIP/CCIP)
• Collaborate with brokers and carriers to structure project-specific insurance solutions
• Manage claims process from incident through resolution, minimizing financial impact
• Analyze loss trends and recommend corrective actions
  
  

Project & Operational Risk Oversight

• Work with project teams to proactively mitigate cost, schedule, and execution risks
• Participate in project reviews, audits, and risk committee meetings
• Support contingency planning and risk-adjusted forecasting
• Develop risk mitigation strategies for complex or high-profile projects
  
  

Safety & Compliance

• Partner with Safety teams to align risk management with loss prevention initiatives
• Ensure compliance with OSHA and other regulatory requirements
• Analyze incident data and support continuous improvement initiatives
  
  

Financial Risk Management

• Collaborate with finance on risk exposure, bonding capacity, and cash flow impacts
• Support surety relationships and bonding strategy
• Evaluate subcontractor financial risk and prequalification processes
  
  

Enterprise Risk Management (ERM)

• Contribute to company-wide risk strategy and reporting to executive leadership
• Develop policies, procedures, and best practices for risk management
• Lead risk training initiatives for project managers and leadership teams
  
  

Education & Experience

• Bachelor’s degree in Construction Management, Engineering, Finance, Risk Management, or related field
• 7–15 years of experience in construction risk management, project management, or related discipline
• Experience with large commercial, industrial, or infrastructure projects preferred
  
  

Certifications (Preferred)

• Certified Risk Manager (CRM)
• Associate in Risk Management (ARM)
• Construction Risk and Insurance Specialist (CRIS)
  
  

Core Competencies

• Deep understanding of construction contracts (AIA, design-build, EPC)
• Strong knowledge of insurance structures and risk financing
• Financial acumen with ability to assess project-level exposure
• Excellent negotiation and stakeholder management skills
• Ability to influence operations without direct authority
• Strong analytical and problem-solving capabilities
  
  

Key Relationships

• Executive Leadership (CFO, COO, General Counsel)
• Project Executives & Project Managers
• Safety & Compliance Teams
• External Brokers, Carriers, and Sureties
• Legal Counsel
  
  

What “Good” Looks Like In This Role

• Fewer claims and lower loss ratios year-over-year
• Strong contract positioning before project start
• Early identification of problem jobs (before they become losses)
• Tight alignment between operations, legal, and finance
• Proactive—not reactive—risk culture across the organization
  
  

#ZR