Corporate Risk Director (Commercial Construction)

Summary

The Corporate Risk Director (CRD) is responsible for identifying, analyzing, and mitigating contractual and insurance issues that may negatively affect our clients operation and financial performance. The CRD is accountable for the process by which subcontract, material purchase, and other vendor agreements are issued and ultimately executed and assists with the prime contracting process. The role is also accountable for monitoring and enforcing compliance with all subcontractor and owner insurance requirements; the issuance of performance and payment bonds; the issuance of lien and stop notice release bonds; and other related duties in support of both operational and legal matter. Additionally, the CRD is involved with the company's Subcontractor Default Insurance program and works with our regional leadership teams to maximize enrollment; works to continuously improve the subcontracting and insurance compliance process; provides internal education and training and works in consultation and collaboration with the Chief Operations Officer, General Counsel, Chief Financial Officer, Regional Business Leads and others in carrying out the duties and responsibilities of the role.

Duties & Responsibilities

• Embodies and reinforces company core values and desired culture and helps to ensure our culture thrives during growth.
• Collaborate with senior leadership to understand the organization's goals and strategies as it relates to contracts and risk.
• Maintain knowledge of industry trends and legislation to ensure company's compliance.
• Oversees the Contracts Manager who is responsible for the issuance of subcontract and other vendor agreements across the company.
• Provides leadership and management to Risk Team - Risk Coordinators and Contract Administrators.
• Monitors subcontractor insurance compliance and addresses non-compliance with the Regional Operations Director.
• Facilitates Prime Contract Insurance requirements review and issuance of a compliant Certificate of Insurance from broker.
• Prepare Prime Contract Agreements (when requested) for review by the Regional Leadership Team.
• QC check prime contracts prior to execution.
• Digitally archive all executed Prime Contracts and Owner Change Orders.
• Supports Regional Leadership Teams in negotiating MSA's and the other contract types with Subcontractors, suppliers, and other professional services.
• Manages Subcontractor Default Insurance program including project enrollment, subcontractor prequalification, and quarterly reporting.
• Supports the renewal of Insurance coverage with assistance from CFO and ultimately makes recommendations to leadership.
• Institutes and administers a subcontractor prequalification program for all subs, even those not enrolled in SDI.
• Responsible for procuring Bonds and Surety.
• Works with General Counsel and COO to ensure Subcontractor and Design Consultant agreements comply with applicable state specific statutes.
• Custodian of all template/specimen contracts.
• Work with preconstruction groups to prepare bid packages with all attachments and other documents that will apply.
• Captures and tracks KPI's and metrics to support subcontracting process and compliance with insurance.
• Support company efforts to increase participation from Disadvantaged Businesses.
• Tracks major subcontractor utilization for each region.
• Responsible for organizing negotiated Prime and Subcontract MSA's and Labor Agreements in a way where they are easily accessible by the project teams.
• Build and nurture strong relationships with business leaders and key stakeholders, customers, and colleagues inside and outside of the Contract and Risk department to innovate, enhance, align, and drive the effectiveness of Contract and Risk initiatives.
• Other duties as assigned.

Qualifications & Requirements

• Bachelor's degree in construction management or construction science. JD is not required but is desirable.
• Ten (10) years of experience as a construction risk manager; construction project manager; construction attorney or paralegal, and/or construction insurance professional.

Benefits

• Group medical, vision and dental insurance including choice of two benefit plans – a PPO plan and a high deductible / Health Saving Account Plan with company contribution to HSA.
• Company-paid Short- & Long-Term Disability plans, group Life Insurance, and AD&D plans.
• Untracked/unmeasured vacation.
• Sick Leave accrued at 1 hour of sick leave for every 30 hours worked with a carryover of 80 hours.
• 9 paid Holidays each year.
• Paid Parental Leave.
• Annual Discretionary Bonus based on company profitability and your manager’s assessment of your performance.
• A 401(k) savings plan under which our client matches the first three percent of your deferral with a 100% match and the next two percent with a 50% match for a total matching contribution of 4% of your pay. You are immediately 100% vested in all contributions (including company match). We provide both traditional (Pre-Tax) and Roth (post –tax) contribution options in our 401(k) plan.
• We’re also proud to be an employee-owned company. This means you get an ownership stake in the company through a benefit called an Employee Stock Ownership Plan (ESOP). It’s 100% company funded and is invested in company stock. You can participate in this long-term plan after you complete 1 year of service (with at least 1,000 hours).
• Vehicle/vehicle allowance, fuel card, and toll pass.

Employment Type: Full time Location: Los Angeles, CA