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Risk Management Coordinator
2 months ago
Recognized consistently as a premier workplace, BNBuilders is dedicated to safety, sustainability, and community engagement. We seek top talent in the construction sector and aim to foster an environment that promotes creativity, accountability, and client satisfaction. If you are eager to join a supportive team and face stimulating challenges that encourage both personal and professional development, BNBuilders is the place for you.
POSITION OVERVIEW:
The Risk Management Coordinator plays a crucial role in overseeing subcontractor activities, which includes the execution and evaluation of performance against established benchmarks, as well as the collection and assessment of Subcontractor Certificates of Insurance.
COMPENSATION:
$41.95 per hour, $79,256.00 annually (companywide)
EMPLOYEE BENEFITS:
- Comprehensive medical, vision, and dental insurance with options for two benefit plans - a PPO plan and a high deductible/Health Savings Account Plan with company contributions to HSA.
- Company-funded Short- & Long-Term Disability plans, group Life Insurance, and AD&D plans.
- Flexible Spending Account (FSA) options for healthcare and dependent care.
- Vacation accrued weekly at a full-time annualized rate of 15 days (3 work weeks) per year.
- Sick Leave accrued at 1 hour for every 30 hours worked, with a maximum carryover of 80 hours.
- 10 paid Holidays annually.
- Paid Parental Leave.
- Annual Discretionary Bonus based on company performance and managerial assessment.
- A 401(k) savings plan with company matching contributions and immediate vesting in all contributions.
- Employee Stock Ownership Plan (ESOP) providing an ownership stake in BNBuilders after one year of service (with at least 1,000 hours).
- Request insurance certificates for BNBuilders' projects.
- Interpret Owner contracts and subcontracts.
- Establish subcontractor insurance requirements based on Owner Contract specifications.
- Input new projects and subcontracts into the subcontractor certificate of insurance system.
- Gather subcontractor start dates to prioritize and manage the workload of third-party reviewers. Ensure certificates are received before subcontractor work commences and are fully compliant prior to initial payment.
- Assist subcontractors and their brokers in understanding compliance issues.
- Clarify any uncertainties with subcontractors or their brokers by obtaining detailed information from third-party reviewers or scheduling meetings for discussion.
- Provide recommendations for subcontractors unable to meet insurance requirements to effectively mitigate risk and discuss with internal leadership.
- Monitor expiration dates to ensure timely renewal of insurance.
- Maintain multiple subcontract risk logs, collaborating with project risk management teams and project teams on financial health and compliance.
- 2-4 years of relevant experience in construction subcontractor management and Certificate of Insurance review.
- 2-4 years of experience in contract administration.
- Understanding of insurance principles along with knowledge of insurance products and terminology.
- Familiarity with construction trades and associated risks.
- Exceptional written and verbal communication skills.
- Strong attention to detail and ability to meet deadlines.
- High level of client service ethic.
- Proficiency in Microsoft Office Suite.
- Experience with Sage 300 is advantageous.
- Knowledge of accounting principles is a plus.
- Experience with myCOI is strongly preferred.
WORK ENVIRONMENT: The work environment characteristics described here are representative of those an employee may encounter while performing the essential functions of this role. Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions. BNBuilders promotes collaboration, team-building, and strong supervisor/employee relationships. Consequently, the duties of this role are performed in an office/job site setting, not remotely. This position operates in a professional office environment and routinely utilizes standard office equipment such as computers, phones, photocopiers, filing cabinets, and fax machines.
Our Commitment to Diversity and Inclusion
At BNBuilders, diversity, equity, and inclusion are fundamental to our culture. We acknowledge that our diverse backgrounds enrich our lives and work environment, fostering stronger and more meaningful relationships within our company and the communities we serve. Our mission is to cultivate an environment that is respectful, safe, fair, and inclusive, enabling us to be stronger, wiser, and better together.
Note: BNBuilders reserves the right to modify the duties of this position at any time.
In compliance with Federal and State equal employment opportunity laws, qualified applicants are considered for all positions without regard to race, color, religion, sex, national origin, age, marital status, veteran status, non-job-related disability, or any other protected group status.
