Insurance Risk Manager
Waukesha, WI
Are you looking for an exciting career in road, highway, and bridge construction? Construction Resources Management of the Walbec Group has a place for hard working, loyal, and driven people like you. Come work with us as an Insurance Manager and enjoy a family-focused, progressive culture. Our approach is driven by an involved focus on Safety and efficiency, resulting in us being a leader in the heavy and highway construction industry.
The Company:
The Walbec Group of companies is currently in its third generation of family leadership producing high-quality construction materials and delivering unparalleled professional design, engineering, and construction services.
- Multi-year Milwaukee Business Journal Best Place to Work honoree and a Best Place to Work by Employ Humanity.
- Multi-year Employ Humanity Best Internship Program honoree
- Associated with many exciting state, municipal, federal, and commercial projects. Check out our website for a complete list of interesting projects. walbecgroup.com
- Proud Partner of the Green Bay Packers.
The Position:
Under the direction of the Director, Enterprise Risk Management, the Insurance Risk Manager is responsible for directing the purchase of insurance programs, loss control activities and management of relationships with third party service providers, which includes brokers, insurers and other TPAs. This role will also prepare loss analyses and budgets, identify exposures, recommend solutions, implement approved programs, promote loss prevention, update and monitor compliance with insurance procedures and manage safety/risk management manuals
- Initiate and participate in day-to-day interactions between internal departments, project management, external clients, brokers and insurers related to risk management and insurance issues.
- Identify emerging or unaddressed risk exposures through in-house communications, bid and contract review, safety & claims meetings, the analysis of historical loss data, field site visits and review of industry risk information and trends.
- Analyze and understand insurable risks and potential risk mitigation opportunities; interact with operational groups to ensure coordination between project activities, exposures, and appropriate insurance coverage.
- Procure, manage & administer corporate property and casualty insurance programs as well as Cyber Risk, Management Liability, and Environmental Liability insurance. Manage insurance strategy with brokers including approval of submissions and negotiation of coverage terms and premiums.
- Lead the compilation and development of underwriting data for annual renewal of all insurance programs.
- Manage and communicate data updates throughout the policy year as needed.
- Provide insurance-risk related budgets, TCOR forecasts and financial reports including monthly accrual reserve reporting. Analyze annual insurance premiums, exposures and the financial performance of insurance programs. Develop corporate bid rates and premium allocations.
- Utilize Origami RMIS for the tracking and management of all insurance policies and related data and documentation. Ensure allocation of claims to the appropriate insurance policies within Origami.
- Manage annual insurance audits through the gathering of audit data, interfacing with carrier audit teams and approval of final audit reports and billing.
- Interface daily with various insurance program vendors including brokers, underwriters, loss control engineers, claims staff and auditors.
- Review, edit and negotiate insurance, indemnification, and other risk allocation provisions in Walbec contracts with project owners in collaboration with in-house legal department.
- Calculate appropriate risk loads for project bidding teams based on project risks and contract requirements. Negotiate and procure appropriate contract specific insurance coverages to comply with contract insurance requirements, Joint Venture bids, Railroad requirements, Builders Risk insurance, and accompanying certificates of insurance (approx. 2500 issued per year).
- Manage all aspects of proposed Controlled Insurance Programs (OCIPs and CCIPs) including analysis of terms & conditions, pricing of bid factors and administration. Function as liaison between project teams, claims, safety and the OCIP. Determine OCIP credits on master programs.
- Assist with management of corporate surety program coordinating with internal teams and management of broker and underwriter relationships to facilitate timely delivery of project-specific bonds. Interfacing with the broker and surety underwriter with Walbec legal on bond issues and claims.
- Manage corporate-wide third-party vendor compliance and the flow-down of contractual insurance requirements to subcontractors/material suppliers through the language in our subcontracts and other vendor agreements. Gather the correct agreements and insurance, maintain the vendor tracking system, mail monthly requests and provide ongoing reports to internal users of the vendor. (Approximately 2000 active vendors per year)
- Maintain knowledge of trends in construction insurance industry, including thorough working knowledge of insurance products, coverages and pricing.
- Work closely with Marketing and Corporate Knowledge Center on internal communications related to risk management initiatives and delivery of educational presentations and sessions focused on insurance and risk issues.
The Benefits:
Team members at the Walbec Group are offered competitive pay and benefits that align with our values while supporting good health and a balanced life now and into the future. Additionally, we offer a range of opportunities for professional development and career growth that help us all to be successful.
We have the usual suspects like dental, vision, life, flex, EAP, PTO and holidays. We are big fans of our “no premium medical plan” and HRA contribution (with participation in wellness initiatives), company-paid short-and long-term disability with company contribution, paid parental leave, profit sharing, and a robust Walbec training program.
The Candidate:
- Bachelors degree in Business with emphasis in Risk Management, Insurance, Finance or Accounting. Legal degree or Claims experience a plus.
- 5 or more years of experience in Commercial or Construction Insurance, Risk Management and Surety as a purchaser, broker, underwriter or consultant.
- Excellent analytical, organizational, interpersonal, verbal and written communication skills.
- Knowledge of full Microsoft 360 suite. Origami RMIS and CMiC ERP experience a plus.
- Effective management of team members, interfacing with peer departments and time management skills.
Why Should You Apply?
First, because we are committed to building a diverse and inclusive culture here at the Walbec Group. Our leadership understands the unique abilities and differences of our team members drive innovation and growth. When you choose Walbec, you’ll be welcomed into a supportive environment where all team members feel heard, respected, and valued.
- Excellent wages and benefits packages.
- Job security in our role as an essential company providing infrastructure services.
- Growth opportunities working alongside and learning from experienced industry professionals.
- Be involved in innovative and exciting projects throughout the local area and the state.
- Family-oriented, supportive culture.
We are an Equal Employment Opportunity (EEO) and Affirmative Action employer and it is our practice to provide equal employment opportunities to all qualified applicants. In addition, it is the policy of the Company to comply with applicable federal, state and local laws governing nondiscrimination in employment in each locality in which the Company has employees. Women and minorities are encouraged to apply!
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