_ 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. _

Job Description Summary:
The Director of Risk Management provides strategic leadership and operational oversight for risk management activities across the organization. This position will serve as a trusted strategic advisor to executive leadership, offering independent risk assessments, program recommendations, and cross-functional guidance. The Director will play a pivotal role in evaluating and potentially establishing alternative risk financing mechanisms, including captive insurance structures and self-insurance programs, while also overseeing the successful expansion of the company’s surety bonding program.

This role can be based full time in our office in San Diego, CA, Denver, CO, Dallas, TX, or Edison, NJ. Specific location details and expectations will be discussed during the interview process.

Job Description:
*This job description reflects management’s assignment of essential functions; it does not prescribe or restrict the tasks that may be assigned

Position Responsibilities and Duties:
Strategic Risk Leadership

Working with leadership,develop,implement, and continuouslyrefinea comprehensive Enterprise Risk Management (ERM) framework aligned with company strategy and growthobjectives.

Proactively present risk management recommendations, trend analyses, and program updates to executive leadership and the Board

Establish and track key risk indicators (KRIs) and present regular risk dashboards to senior management.

Insurance Program Management

Lead all aspects of annual insurance renewals across all lines of coverage, including General Liability, Workers' Compensation, Commercial Auto, Umbrella/Excess, Professional Liability, and Pollution Liability.

Manage Builders Risk policy placements, including project-specific and blanket programs, ensuringappropriate coverageterms and limits aligned with project scope and value.

Conduct and oversee insurance audits, ensuringaccuratepremium computation and resolving discrepancies with carriers.

Maintain strong relationships with brokers, underwriters, and carriers; actively market the company’s risk profile to secure favorable terms and pricing.

Benchmark coverage,retentions, and premiums against industry peers and recommend program adjustments.

Alternative Risk Financing & Captive Development

Lead the feasibility analysis, design, and potential implementation of a captive insurance company or other alternative risk transfer vehicles.

Evaluate self-insurance programs forappropriate linesof coverage, including fronting arrangements, loss-sensitive programs, and funded retentions.

Partner with external advisors (actuaries, captive managers, legal counsel) to structure, domicile, andoperatealternative risk financing programs.





Develop financial models to assess risk retention strategies and their impact on company cash flow and total cost of risk (TCOR).

Ensure regulatory compliance for all alternative risk structures, including captive licensing, reserve adequacy, and reporting requirements.

Claims Management

Oversee the end-to-end claims management process across all lines of coverage, ensuringtimelyreporting, investigation, andfavorableresolution.

Collaborate with project teams, legal counsel, and third-party administrators (TPAs) to manage complex or litigated claims effectively.

Analyze claims data toidentifytrends, root causes, and systemic exposures; use findings to drive loss prevention initiatives.

Establish reserves andmonitorclaim development against projections; report significant claim activity to senior leadership.

Manage relationships with defense counsel and monitorlitigationspend and strategy.

Contract Risk Review

Review and negotiate risk-related provisions across allcontracttypes the company executes, including construction owner contracts and subcontracts, supplier and vendor agreements, equipment leases, joint ventures, and professional service agreements.

Review risk and insurance provisions in real estate transactions, including property acquisitions, dispositions, ground leases, and development agreements; ensureappropriate property, environmental, and liability coverage is in place at all stages of ownership and development.

Surety Bond Program Management

Oversee the company’s surety bonding program, including the management of bid bonds, performance bonds, and payment bonds across all active projects.

Monitor aggregate bonding capacity and provide leadership with forward-looking analyses of bonding availabilityrelativeto backlog and growth plans.

Maintain and strengthen relationships with surety underwriters; proactively manage the company’s surety credit profile.

Coordinate with finance and operations to provide sureties withtimelyfinancialand operationalupdates

Negotiate favorable bond terms, rates, and collateral requirements.

Safety & Fleet Partnership - Loss Reduction

Serve as a strategic partner to the Safety department with a shared and explicit mandate to reduce both the frequency and severity of losses across all lines - including Workers' Compensation, General Liability, and auto/fleet exposures. Translate claims data and loss trends into actionable safety program priorities and field initiatives.

Establish regular cadence with Safety leadership to review open claims, incident patterns, high-severity exposures,



and near-miss data; jointly develop loss prevention programs targeting the most significant contributors to claim frequency and cost.

Partner closely with Fleet management to oversee auto liability and physical damage exposures; collaborate on driver qualification standards, telematics programs, vehicle maintenance protocols, and accident response procedures to measurably reduce fleet claim frequency and severity.

Present joint Risk/Safety loss analyses to senior leadership on a regular basis, including lagging indicators (claim counts, incurred costs, experience modification rates) and leading indicators (near-miss rates, safety audit scores, training completion) with trend commentary and recommended interventions.

Quantify thefinancial impactof safety and fleet loss reduction initiatives on insurance program costs, experience modification factors, and total cost of risk; use this data to build the internal business case for loss prevention investment.

Cross-Functional Collaboration & Risk Culture

Serve as a proactive risk resource embedded across all business functions, including preconstruction, field operations, Safety, Fleet, finance, legal, and human resources —anticipatedand present at the table before decisions are made, not consulted after the fact.

Educate and train project managers, superintendents, and other stakeholders on riskmanagementbest practices, insurance obligations, and loss prevention.

Champion a risk-aware culture throughout the organization by making risk management practical and accessible at all levels.

Coordinate with theFinance & Accountingteamson risk-related financial reporting, reserve adequacy, and total cost of risk analysis.

Education

Bachelor’s degreerequiredin Risk Management, Insurance, Finance, Business Administration, ora relatedfield.

Master’s degree (MBA or MS in Risk Management)stronglypreferred.

Experience

Minimum of 15years of progressive risk management experience, with at least 5 years in the construction industry or a closely related sectorpreferred.

Demonstrated experience managing commercial insurance programsin excess of$500millionin insured value or revenues.

Hands-on experience with alternative risk financing, captive insurance programs, or large deductible/self-insurance structures preferred.

Experience managing surety programs for a general contractor, specialty contractor, or construction manager.

Proventrack recordof claims oversight and cost containment across multiple lines of coverage.

Experience negotiating contracts and providing risk-related legal guidance in collaboration with counsel.

Applicants must be legally authorized to work in the U.S. without requiring employer sponsorship now or in the future.

Licenses & Certifications

Certified Risk Manager (CRM) orAssociate in Risk Management(ARM) designationpreferred

Chartered Property Casualty Underwriter (CPCU) designation preferred.

Associate in Captive Insurance (ACI) or similar designationa plus.

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📌 Director, Risk Management (Ontario)
🏢 SOLV Energy
📍 Ontario