Senior Director, Risk Management

SOLV Energy is a leading provider of infrastructure services to the power industry, designing, building and maintaining utility scale solar, battery storage and high voltage substation projects nationwide. The Senior Director, Risk Management & Construction Risk serves as the Company's senior risk leader and trusted advisor to executive leadership. This role is responsible for developing and executing a comprehensive risk management strategy that supports the Company's operational, financial, and growth objectives. The Senior Director provides enterprise-wide leadership across risk management, insurance, surety, claims, contractual risk transfer, alternative risk financing, and loss prevention. Working closely with Operations, Preconstruction, Safety, Fleet, Finance, Human Resources, and Legal, this leader ensures risk management is integrated into key business decisions and project execution strategies. This position will play a critical role in strengthening the Company's risk profile, enhancing surety capacity, reducing total cost of risk, and evaluating sophisticated risk financing solutions, including captive insurance and self-insurance structures. This role is fully remote. This

job description
reflects management's assignment of essential functions; Enterprise Risk Management & Strategic Leadership: Lead and continuously enhance the Company's Enterprise Risk Management (ERM) framework. Serve as a strategic advisor to executive leadership and the Board on enterprise, operational, financial, contractual, and emerging risks. Develop and maintain enterprise risk assessments, risk registers, and key risk indicators (KRIs). Establish executive-level risk reporting and dashboards that support informed decision-making. Facilitate enterprise risk reviews and strategic planning discussions across business functions. Identify and evaluate emerging risks impacting construction operations, workforce planning, project delivery, market conditions, cybersecurity, environmental exposures, and regulatory compliance. Participate in major business initiatives, acquisitions, geographic expansion opportunities, and strategic investments to provide risk-based guidance. Construction Risk & Operational Partnership: Partner closely with Operations and Preconstruction teams to assess risk associated with project pursuits and execution. Support go/no-go decisions through evaluation of project-specific risks, contract structures, delivery methods, labor availability, financial exposure, and owner qualifications. Assist project leadership teams in identifying and managing operational risks throughout the project lifecycle. Develop risk assessment protocols for large, complex, or non-traditional projects. Participate in strategic reviews of major projects and emerging operational exposures. Insurance Program Leadership: Provide executive oversight of all corporate and project-specific insurance programs, including: Commercial Automobile Builder's Risk Property Insurance Cyber Liability Lead annual insurance renewals and long-term insurance strategy development. Negotiate coverage structures, retentions, limits, and pricing with brokers and insurance carriers. Evaluate emerging insurance solutions and recommend program enhancements. Benchmark insurance programs against industry peers and best practices. Oversee insurance audits and ensure accurate reporting and premium allocations. Manage project-specific insurance placements and controlled insurance programs (OCIPs/CCIPs) when applicable. Alternative Risk Financing & Captive Strategy: Lead the evaluation and development of alternative risk financing strategies. Conduct feasibility studies related to captive insurance, self-insurance, large deductible programs, and other risk-retention structures. Develop financial models evaluating Total Cost of Risk (TCOR), reserve requirements, and long-term financial impact. Partner with actuaries, captive managers, legal counsel, auditors, and tax advisors to develop recommendations. Present business cases and strategic recommendations to executive leadership. Oversee implementation and governance of approved alternative risk financing programs. Surety Program Management: Lead the Company's surety bonding strategy and program management. Coordinate financial and operational reporting for surety partners. Negotiate bond terms, rates, collateral requirements, and program structures. Provide executive leadership with forecasting and analyses regarding surety capacity and future project opportunities. Claims Management & Loss Reduction: Provide strategic oversight of all workers' compensation, liability, builder's risk, automobile, environmental, and professional liability claim