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Deputy Risk Manager
4 months ago
Requisition ID: 275626
- Relocation Authorized: None
- Telework Type: Part-Time Telework
- Work Location: Houston, TX
Since 1898, we have helped customers complete more than 25,000 projects in 160 countries on all seven continents that have created jobs, grown economies, improved the resiliency of the world's infrastructure, increased access to energy, resources, and vital services, and made the world a safer, cleaner place. Differentiated by the quality of our people and our relentless drive to deliver the most successful outcomes, we align our capabilities to our customers' objectives to create a lasting positive impact. We serve the Infrastructure; Nuclear, Security & Environmental; Energy; Mining & Metals, and the Manufacturing and Technology markets. Our services span from initial planning and investment, through start-up and operations. Core to Bechtel is our values – ethics, safety, quality, people, culture, relationships, innovation and sustainability, and our covenants – integrity, respect, collaboration, trust, and delivery. They are what we believe, what customers can expect, and how we deliver.
Position Summary
In this role, the Deputy Risk Manager will be responsible for the identification and evaluation of project risks and the selection of the appropriate combination of risk retention and risk transfer techniques for a selected number of projects under the direction of the Global Business Unit's (GBU) Risk Manager. Services begin with the proposal stage and continue until completion of all project activity and any claims arising after completion of the work. This is primarily a specialist position which combines risk management/insurance experience with negotiating skill. The Deputy Risk Manager maintains contact with clients, insurance, and company functional and senior management representatives.
Responsibilities
- Participates and supports GBU Risk Manager in contract negotiations with clients and others to obtain necessary protection, making use of contractual risk transfer, risk retention, loss prevention and commercial insurance techniques in a manner compatible with business development objectives.
- Develops alternative risk financing strategies in response to client positions/requirements.
- Initiates recommended language and alternative provisions for liability and insurance matters (including procurement responsibility) in proposals, contracts, subcontracts, and other documents.
- Identifies and evaluates insurable risks arising from prospective project activities and the available risk financing alternatives for assigned projects.
- Reviews proforma and bid documents, prepared elsewhere, to determine adequacy and economy of protection afforded.
- Supports GBU Risk Manager in procurement and implementation of risk financing program agreed upon for each assigned project.
- Coordinates enrollment into controlled insurance programs for assigned projects.
- Issues instructions to all projects regarding premium reporting and allocation, accident reporting and claims procedures and other matters relating to risk administration.
- Provides project and division personnel, including Legal, with information regarding insurance coverages and solutions for risk-related problems.
- Prepares insurance program cost breakdown for use in estimating.
- Coordinates disparate project personnel involved with insurance program arrangements including Project Management, Supply Chain, Treasury, and Safety.
- Updates clients' risk management staff regarding changes in project risk financing arrangements during the project.
- Coordinates the interface between Bechtel and client personnel, brokers, and insurers regarding insurance programs including preparing underwriting data, coordinating site visits and support duties as requested.
- Initiates use of the Project Risk Management team in management approval, proposal efforts and participates in risk workshops.
- Provides insurance advice and acting as insurance department representative to assigned corporate services departments and administering assigned corporate insurance programs.
Qualifications and Skills
Basic Qualifications
- Bachelor's Degree in Accounting, Finance, Engineering or Insurance/Risk Management.
- Minimum 4 years of professional experience in risk management or insurance (corporate risk management, broker, insurance carrier or claims).
Preferred Qualifications
- Knowledge of risk, insurance, and liability principles and concepts.
- Skilled in project contractual negotiations and administration.
- Knowledge of insurance underwriting principles.
- Knowledge of energy, construction, and EPC industries.
- Knowledge of complex builders risk insurance programs and controlled insurance programs.
- Experience working with estimating, project controls, procurement, engineering, and construction teams.
- The knowledge required for this position would be reflected in the Construction Risk Insurance Specialist (CRIS) designation from IRMI.
Shaping tomorrow together
Bechtel is one of the most respected global engineering, construction, and project management companies. Together with our customers, we deliver landmark projects that foster long-term progress and economic growth. Since 1898, we've completed more than 25,000 extraordinary projects across 160 countries on all seven continents. We operate through five global businesses: Infrastructure; Nuclear, Security & Environmental; Energy; Mining & Metals; and Manufacturing & Technology. Our company and our culture are built on more than a century of leadership and a relentless adherence to our values, the core of which are safety, quality, ethics, and integrity. These values are what we believe, what we expect, what we deliver, and what we live.
Bechtel is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity and expression, age, national origin, disability, citizenship status (except as authorized by law), protected veteran status, genetic information, and any other characteristic protected by federal, state or local law.
Bechtel employees are required to be vaccinated for COVID-19 or show proof of a negative test result prior to accessing Bechtel sites/facilities to the extent required by applicable law or by customer requirements.
