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Subcontractor Default Insurance

4 months ago

De Soto, United States Yates Full time
Subcontractor Default Insurance (SDI) Coordinator - DeSoto, KS

Job Summary:

This position supports the project team and accounting department in managing the Subcontractor Default Insurance (SDI) program.

Primary Duties:
  • Ability to act with the required discretion when handling confidential information.
  • Exposure to subcontract purchase order terms, including insurance and subcontractor default insurance requirements
  • Ensures insurance requirements are relative to subcontract default insurance (SDI), and confirm certificate accuracy
  • Identifies any irregularities or risk exposure and supports the development of a strategy to address them
  • Ensures that all required documentation, including insurance, bonding, SDI, are in place.
  • Interprets trade partner documentation for accounting-related items and following established accounting procedures
  • Assesses risk for bondable subcontractors
  • Manages the risk of subcontractor defaults via payments, lien waivers, and communication with sub-tier vendors/suppliers
  • Coordinates Subcontractor Default Insurance (SDI) project closeouts
  • Provide support for project and corporate audits as well as provide support for subcontractor default claims
Qualifications:
  • Proficient skills in Microsoft Word, Outlook, Power Point, Excel, and PowerBI or other data visualization tools
  • Basic understanding of bid and contract securities and insurance as they relate to risk management, claims management, pricing, and accounting
  • Basic understanding of subcontract PO terms including insurance and subcontractor default insurance (SDI) and bonding requirements
  • High School Diploma or equivalent
  • 2 years of accounting or subcontract administration experience in construction preferred

About Yates Construction

Ranked among the top commercial and industrial construction companies in the country by Engineering News-Record , Yates Construction is family-owned and provides a wide range of construction and building services. Incorporated in 1964 by William G. Yates Jr., we have steadily grown to become one of the top commercial and industrial construction companies in the nation. We are financially sound with a significant bonding capacity as well as vast personnel and equipment resources.

Our portfolio includes commercial and industrial projects from various sectors including arts and culture, civil, commercial, education, entertainment and gaming, federal, healthcare, hospitality, manufacturing, municipal, retail, and technology. We work hard to understand our client's business needs and continually look for opportunities to provide additional value to our clients and their projects.

Our client relationships are the foundation of our success, and our primary goal is to help each of our clients achieve their vision. We do this by carefully managing the details and complexities of each project and communicating constantly with all team members.

Yates Construction provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, or genetics. In addition to federal and state law requirements.

Yates complies with applicable state and local laws governing non-discrimination in employment in every location in which the company has facilities.