What are the responsibilities and job description for the Risk Analyst position at TP Mechanical?
Enterprise & Project Risk Management
- Identify and assess risks across active projects, pursuits, and corporate operations
- Develop and maintain risk registers for major projects and business units
- Evaluate exposure related to project size, scope, delivery method, schedule, and geography
- Support risk reviews during pursuit, preconstruction, and project kickoff phases
Contract & Legal Risk
- Review owner contracts, subcontracts, and vendor agreements for risk exposure
- Identify unfavorable terms related to indemnification, liquidated damages, warranties, insurance, bonding, and force majeure
- Collaborate with legal counsel on contract negotiations and risk mitigation strategies
- Track contractual risk trends and recommend policy improvements
Insurance & Claims Management
- Coordinate with brokers on insurance placements (GL, WC, Auto, Builders Risk, Professional Liability, OCIP/CCIP)
- Analyze loss runs, claims history, and deductible exposure
- Support claims management, documentation, and resolution
- Assist with renewals and insurer submissions
Financial & Operational Risk Analysis
- Analyze project financial data to identify cost, margin, and cash flow risks
- Monitor exposure related to change orders, productivity, escalation, and supply chain disruptions
- Support forecasting and scenario modeling for large or complex projects
- Partner with project controls and finance teams to identify early warning indicators
Safety & Compliance Risk
- Collaborate with Safety and Operations teams to assess safety-related risks and trends
- Analyze incident data and recommend corrective actions
- Support regulatory compliance (OSHA, DOT, state/local requirements)
- Assist in audits and compliance reporting
Reporting & Communication
- Prepare risk reports and dashboards for executive leadership
- Present risk findings and recommendations to senior management
- Maintain risk policies, procedures, and documentation
- Support continuous improvement of risk management frameworks
Qualifications:
Required
- Bachelor’s degree in Finance, Risk Management, Construction Management, Engineering, or related field
- 3–7 years of experience in risk analysis, construction finance, insurance, or project controls
- Experience in construction, mechanical contracting, or industrial services preferred
- Strong understanding of construction contracts and project delivery methods (DBB, DB, CM, EPC)
- Proficiency in Excel; experience with ERP systems (e.g., Viewpoint, Procore, SAP, Oracle) a plus
Preferred
- Professional certifications (ARM, CPCU, CRIS, PMP, or similar)
- Experience with large, complex projects ($25M )
- Knowledge of union and non-union labor environments
- Experience with OCIP/CCIP programs
Core Competencies
- Risk assessment & mitigation
- Contract analysis
- Financial modeling and data analysis
- Cross-functional collaboration
- Executive-level communication
- Attention to detail with big-picture perspective
Key Performance Indicators (KPIs)
- Reduction in claims frequency and severity
- Improved project margin protection
- Timely identification of high-risk projects
- Successful insurance renewals and audits
- Accuracy and usefulness of risk reporting
Why Join Us
- Opportunity to influence risk strategy at an enterprise level
- Exposure to large-scale, complex mechanical construction projects
- Direct interaction with executive leadership
- Competitive compensation, bonus potential, and benefits