Subcontractor Risk & SDI Manager

Responsibilities

• The Subcontractor Risk & SDI Manager will implement and oversee the day-to-day functions of prequalifying subcontractors and partners and reviewing annual and interim financial statements.
• The Manager will work with Regional Risk Leaders to assess financial solvency and other established qualification criteria for enrollment in Shawmut’s Subcontractor Default Insurance (SDI) program.
• The Manager will exercise decision-making authority in accordance with the approved authority matrix and will escalate decisions based on the subcontractor’s financial solvency and the size of the proposed award.
• As needed, the Manager will also support the Regions and Risk Directors in identifying and managing project risk.
• Manage the day-to-day operation of Shawmut’s SDI program, including: Managing projects and subcontractors enrolled in the SDI program.
• Reviewing subcontractor financial statements.
• Communicating and coordinating program functions and tasks with Shawmut’s broker and insurance carrier.
• Serve as the primary point of contact for all SDI-related questions and issues within Shawmut.
• Partner with Shawmut operations across all locations to support the success of the SDI program, including: Educating operations teams about the program and advocating for its consistent use.
• Assisting operations teams in explaining the SDI program to clients.
• Continually enhance Shawmut’s subcontractor prequalification process using established parameters, including: Managing the prequalification process within designated systems.
• Completing the initial prequalification review and communicating the decision or required escalation within 48 hours of receiving a complete submission.
• Ensuring that operations teams consistently adhere to the prequalification process.
• Evaluating and refining the process as needed.
• Perform in-depth prequalification analyses of subcontractors that fall outside Shawmut’s predefined standards.
• Make qualification and enrollment decisions within the approved authority matrix and escalate decisions based on the subcontractor’s financial solvency and the size of the proposed award.
• Establish management plans and mitigation measures for subcontractors approved with exceptions or conditions.
• Implement and manage the SDI claims process, including: Assisting operations teams in preparing complete claim submissions and coordinating with Risk Management Leadership, Shawmut’s broker, and the insurance carrier.
• Assembling supporting documentation and managing claim submissions to the insurance carrier.
• As needed, support Risk Management Leadership and project teams with day-to-day risk management needs, including: Reviewing contracts and insurance requirements.
• Developing project-specific risk mitigation plans and strategies.

Preferred

• Demonstrated ability to analyze financial statements, including liquidity, leverage, profitability, working capital, and financial trends.

Overview

At Shawmut Design and Construction, we take pride in the culture we’ve built as a 100% employee-owned company—one that’s been recognized with more than 100 Best Place to Work awards. We’ve been honored as a National Fortune Best Workplace, a Fortune Best Workplace for Women, Millennials, and Parents, and one of America’s Best Employers by Forbes—along with numerous regional recognitions across our 15 offices nationwide. Here’s a glimpse into what we offer: Health, Dental, and Vision Insurance. Employee Stock Ownership Plan (ESOP) – Be an employee-owner! 401(K) with Company Match – Receive a company match of up to 4% of your eligible pay. Generous Paid Time Off – vacation and sick time, 12 holidays, summer Fridays, and a yearly volunteer day. The Extras – Cell phone, laptop, tuition reimbursement, pet insurance, financial planning services, and more. *Please note: this position works out of our Boston office 3x per week, with the option to work from home 2x per week.

Qualifications Experience

7-10 years of relevant experience in financial statement analysis, credit or subcontractor prequalification, construction risk, insurance, surety, or a related field.

Education

Bachelor’s degree in finance, accounting, risk management, business, or a related field is preferred; an equivalent combination of education and relevant experience may be considered.

Additional Role Specific Skills

Thorough knowledge of senior leadership and region legal trends/risk. Outstanding relationship-building skills. EEO Information Shawmut prohibits discrimination against any staff member or applicant on the basis of race, color, sex, sexual orientation, gender identity/expression, age, religion, national origin, marital status, veteran status, pregnancy, physical or mental disability, genetic information, disability, creed, citizenship status, or any other legally protected characteristic.

Salary Range Information Boston BaseSalary Range

$100,000 – $150,000. The range stated is specific to a Boston placement. The range listed depends on many factors, including, but not limited to, years of experience, project size capability (for Construction & Field roles), and internal company equity.