Assistant Risk Manager

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The Assistant Risk Manager is responsible for identifying and assessing risk throughout Suffolk Construction Company and its affiliates.  The position is responsible for the review of insurance policy coverage’s, implementation and maintenance of risk management procedures, and conducts market research of industry practices and trends to implement modifications when necessary. This position functions as an integral part of the Risk Management Team towards the achievement of the insurance programs’ strategic objectives



Department:                            Risk Management

Reports to:                              VP / Corporate Risk Management

Working Relationship:            Risk Management Controller, Claims Manager, Insurance Broker, Risk Management Specialist, Project Management, Safety, Insurance Carrier representatives

Direct Reports:                        N/A

Location:                                 Boston, Corporate position

  • Conduct comparative analysis and review of insurance terms, coverages and conditions
  • Intimate knowledge of insurance contracts, risk transfer vehicles, established risk management practices and risk management issues
  • Assist in the comparative analyses and review of insurance and indemnifications of contracts, builders risk programs and policy coverage and provide feedback to the Legal Department and project management teams.
  • Understanding of financial/accounting principles, including strong analytical and critical thinking abilities.
  • Maintain knowledge of current Insurance market trends by region in which Suffolk operates
  • Part of the risk management team that manages Insurance Broker and Insurance Company relationships.
  • Provide training to project managers, superintendents, administrative support on risk management policies and procedures
  • Manage preparation of Insurance renewal information and applications for insurance
  • Manage the preparation and review of historical retrospective rated programs including loss, and premium expense reconciliations
  • Conduct Mid Year audit estimates and manage year end audit process with outside insurance auditors
  • Conduct risk audits periodically and ensure compliance with Corporate Risk Management Standard Operating Procedures
  • Participate in the development of Insurance Manuals, training manuals and presentations
  • Contribute to the management of the Insurance program for Suffolk Subsidiary/affiliated companies
  • Develop relationship with project executives and project managers to effectively implement risk management protocols
  • Serve on internal committees as needed
  • Resource for project teams with site specific questions and problems related to insurance


  • Bachelor’s degree
  • Minimum 7-10 years relevant insurance industry, risk management experience preferably construction industry experience
  • ARM, CPCU desirable
  • Previous Casualty Underwriting experience is preferred
  • Intimate knowledge of insurance contracts, coverage’s, risk transfer concepts and general risk management theories
  • Understanding of financial/accounting principles including strong analytical and critical thinking capabilities
  • Working knowledge of Wrap Up’s, Contractor Default and Builders Risk
  • Excellent communication skills and able to work and communicate effectively with all levels of individuals and our subcontractors
  • Disciplined and balanced approach to managing Suffolk Insurance risk
  • Excellent analysis skills including use of analytical tools
  • Possess and understand Suffolk Core values, goals and vision
  • Actively participate as a team member within the Risk Management department and with all departments within the Company
  • Ability to communicate effectively both written and verbal with all levels of staff
  • Highly developed interpersonal skills for dealing with sensitive, critical or difficult situations
  • Ability to respond in a timely manner in a fast paced, changing work environment
  • Ability to solve problems by considering courses of action within the framework of management’s goals and objectives
  • Initiative to meet designated time tables with minimum supervision
  • Detail oriented
Working Conditions:

While performing the duties of this job, the employee is regularly required to sit for long periods of time; talk or hear; perform fine motor, hand and finger skills in the use of a keyboard, telephone, or writing. The employee is frequently required to stand; walk; and reach with arms and/or hands. Specific vision abilities include close vision, distance vision, depth perception and the ability to adjust focus. The employee will spend their time in an office environment with a quiet to moderate noise level.

EEO Statement:

Suffolk Construction is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.

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