Cerris Builders
Overview
Provides overall management of the 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
Accounts 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
Collaborates 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
Initiates and oversees the SDI claims process in the event of subcontractor default(s), working closely with project team, legal, insurance partners, and company leadership
Maintains accurate records, reports, and documentation related to the SDI program
Provides updates to company leadership on SDI Program compliance and performance including periodic reporting and analysis on subcontractor risk and trends
Collaborates with project teams to develop risk mitigation strategies and contingency plans
Monitors 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
Exhibits 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.
Cerris and our group of companies are an Equal Opportunity Employer-EEO/AA/M/F/D/V/VEVRAA
Job details
Seniority level: Mid-Senior level
Employment type: Full-time
Job function: Finance and Sales
Industries: Construction
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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
Accounts 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
Collaborates 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
Initiates and oversees the SDI claims process in the event of subcontractor default(s), working closely with project team, legal, insurance partners, and company leadership
Maintains accurate records, reports, and documentation related to the SDI program
Provides updates to company leadership on SDI Program compliance and performance including periodic reporting and analysis on subcontractor risk and trends
Collaborates with project teams to develop risk mitigation strategies and contingency plans
Monitors 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
Exhibits 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.
Cerris and our group of companies are an Equal Opportunity Employer-EEO/AA/M/F/D/V/VEVRAA
Job details
Seniority level: Mid-Senior level
Employment type: Full-time
Job function: Finance and Sales
Industries: Construction
We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr