Vice President of Insurance and Risk Management

As a 100% employee-owned contractor, when you work at Sundt, you’re not just hiring on at a company, you’re joining a culture. Because everyone at Sundt is part owner, you’ll join a team of people who are deeply invested in their work. From apprentices to managers, we’re passionate about the details and deliberate in everything we do.

At Sundt we focus on building long-term prosperity for our clients, communities, and employee-owners. We offer competitive pay, industry-leading benefits including a 401k and employee stock ownership plan, incentive programs for craft and administrative employees as well as training that focuses on your personal and professional growth. We’re driven by skill, grit and purpose. Join us as we strive to be the most skilled builder in America.

Job Summary

The Vice President of Insurance and Risk Management provides strategic direction for the enterprise - to Executive Leadership and for the entire risk management function. This person will guide insurance structure and strategy, lead placement, manage cost containment and reserves and make the most effective use of company assets for risk management purposes. This includes the consideration and potential implementation of risk-spreading structures - such as self-insured retentions, large-deductible and retrospective-rating programs, controlled insurance (wrap-up) programs, aggregate stop-loss protection, parametric covers, captive or cell arrangements and/or fronting policies. This is a build-and-own leadership role, not a program-administration role. The Vice President owns the strategy, the market relationships and the performance of the entire insurance and risk-financing program.

Key Responsibilities:

1.    Assess and recommend to Executive Leadership on the most effective use of company assets for risk, among the several risk-spreading structures.
2.    Builds, leads and scales the Insurance and Risk Management department across claims management, business-group-aligned insurance administration and systems and analytics. This is a unique opportunity to build and scale a team to a level that supports a multi-billion general contractor.
3.    Develop the business-group-aligned insurance administration model in place so each operating group has a single, knowledgeable point of contact.
4.    Evaluates the department's structure and staffing against workload and delivers recommendations to Executive Leadership.
5.    Leads the annual renewal end to end - strategy, marketing, negotiation of terms and premiums and final outcome.
6.    Leads the next annual insurance renewal.
7.    Manages cost containment and total cost of risk and oversees reserve management and claim settlement within delegated authority. (Ultimate settlement and reserve authority resides with the General Counsel.)
8.    Reports risk exposure and program performance to senior executives and the board.
9.    Serves as the point of contact for the insurance broker and the surety broker and directs carrier strategy and market approach.
10.    Sets the structure and evolution of the company's insurance and risk-financing program and advises Executive Leadership on self-insurance and other program alternatives.

Minimum Job Requirements:

1.    Construction, engineering or heavy/ civil background industry strongly preferred - project-based risk, surety, controlled insurance programs (OCIP / CCIP) and builders risk knowledge required.
2.    Credentials. ARM, CPCU or CRM designations a plus; alternative-risk-financing or captive experience and familiarity with a risk management information system (the company uses Origami Risk) are valued.
3.    Executive Presence. Comfortable advising and presenting at the executive and board level.
4.    Fifteen or more years in corporate insurance and risk management, with substantial time in a senior leadership role.
5.    Market leadership. A track record leading broker and carrier relationships and running annual renewals.
6.    People leadership. Has built or scaled a risk and insurance team.
7.    Strategic ownership. Has owned a corporate insurance program and advised executives on alternative risk-management and/or risk-financing structures rather than administering coverage placed by others.
8.    This is a newly elevated role - the strategic leadership seat for risk and insurance across the enterprise. Leads the Insurance and Risk Management department. Will provide guidance on scaling requirements across all insurance and risk management functions.

Note: Job Description is subject to change at any time and may include other duties as assigned.

Physical Requirements:

1.    May stoop, kneel, or bend, on an occasional basis.
2.    Must be able to comply with all safety standards and procedures.
3.    Required to use hands to grasp, lift, handle, carry or feel objects on a frequent basis.
4.    Will interact with people and technology frequently during a shift/workday.
5.    Will lift, push or pull objects up to 50Ibs on an occasional basis.
6.    Will sit, stand or walk short distances for up to the entire duration of a shift/workday.
7.    Will use telephone, computer system, email, and other electronic devices on a frequent basis to communicate with internal and external customers or vendors.

Equal Opportunity Employer Statement: Sundt is committed to the equal treatment of all employees, and/or applicants for employment, and prohibits discrimination based on race, religion, sex (including pregnancy), sexual orientation, gender identity, color, age, disability, national origin, covered veteran status, genetic information; or any other classification protected by applicable Federal, state, or local laws.

Benefit list:
Market Competitive Salary (paid weekly)
Bonus Eligibility based on company, group, and individual performance
Employee Stock Ownership Plan & 401K
Industry Leading Health Coverage Starting Your First Day
Flexible Time Off (FTO)
Medical, Health Savings, and Wellness credits
Flexible Spending Accounts
Employee Assistance Program
Workplace Wellness Programs
Mental Health Program
Life and Disability Insurance
Employee-Owner Perks
Educational Assistance
Sundt Foundation - Charitable Employee-Owner's program