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Senior Risk Manager

SUMMARY

Mortenson is currently seeking a Senior Risk Manager that will be responsible for corporate risk management duties with a concentration on risk identification, risk mitigation, and risk transfer principles. 

RESPONSIBILITIES  

  • Assists the Vice President of Risk Management with the placement and management of the corporate insurance program
  • Oversight and management of a team of risk management professionals providing operating group support
  • Primary management of risk professionals responsible for reviewing, editing and negotiating contracts to identify potential risks and editing insurance and surety language 
  • Assist in the negotiation of owner, designer, subcontract, material purchase, professional service and lease agreements 
  • Assist in the review of request for proposals to identify and respond to risk management provisions of interest in bid documents and contracts 
  • Provide oversight and management of the team providing the pricing and placement for builder’s risk, surety bonds and subcontractor default insurance
  • Collaborate with legal and operational leaders to manage and mitigate risks effectively
  • Effectively work and build relationships with those of diverse backgrounds and organizational levels 
  • Lead team members by example, offer effective coaching and feedback, and effectively manage performance 

QUALIFICATIONS  

  • Bachelor's degree
  • Minimum of 10 years of a related employment experience 
  • Prior experience in contract reviews and negotiations
  • Prior experience in a supervisory or management role
  • Solid understanding of the contracting process from negotiation through execution, and the ability to effectively manage and mitigate risk
  • Ability to coach and mentor direct reports
  • Strong skills in Microsoft Office Suite 
  • Detail oriented, strong organizational skills, and excellent oral and written communication skills 
  • Strong teamwork orientation 
  • Positive attitude and professional customer service skills 
  • Active listening skills and effective communication including an openness to diverse input and feedback
  • Construction or insurance industry experience preferred

A few benefits offered include:  

(for Non-Craft & Non-Union Craft working 25+ hours / week)  

  • Medical and prescription drug plans that includes no additional cost vision coverage  
  • Dental plan  
  • 401k retirement plan with a generous Mortenson match
  • Paid time off, holidays, and other paid leaves  
  • Employer paid Life, AD&D, and disability insurance  
  • No-Cost mental health tool and concierge with extensive work-life resources 
  • Tuition reimbursement  
  • Adoption Assistance   
  • Gym Membership Discount Program   

The base pay range for this role  is $116,300 - $174,500. (Actual range is higher for the following office locations: Denver, CO and Chicago, IL – 5%, Seattle, WA, and Portland, OR – 10%, Washington, D.C. – 12.5%). 

Base pay is positioned within the range based on several factors including an individual’s knowledge, skills, and experience, with consideration given to internal equity.

#LI-TD1 #LI-Hybrid

Please make note:   

  • Visa sponsorship is not offered for this position.
  • Our postings are typically open a minimum of 5 days and an average of 44 days.  

ABOUT MORTENSON  

As a top builder, developer, and EPC (Engineering, Procurement, and Construction), our expertise spans markets like sports, renewable energy, data centers, healthcare, and more. We are builders at heart, working to ensure the built environment has a lasting positive impact.  

Let’s Redefine Possible®  

Equal Employment Opportunity  

Your uniqueness brings new and creative perspectives to the team. Mortenson is committed to providing equal opportunities of employment (EOE) to all individuals, regardless of your race, religion, gender, national origin, age, veteran status, disability, marital status or any other legally protected category. 

Other Items to Note  

  • Mortenson reserves the right to hire any individual without legal or financial obligation on unwanted solicitations.  No agency emails, calls, or solicitations are accepted  without a valid agreement. 
  • Must be currently legally authorized to work in the U.S. without sponsorship for employment visa status (e.g., H1B status, 0-1, TN, CPT, OPT, etc.). We are unable to sponsor or take over sponsorship of an employment Visa at this time. 

Average salary estimate

$145400 / YEARLY (est.)
min
max
$116300K
$174500K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Senior Risk Manager, Mortenson

If you're passionate about risk management and have a knack for leadership, Mortenson has an exciting opportunity for you as a Senior Risk Manager in Minnesota! In this dynamic role, you'll dive deep into corporate risk management, focusing on risk identification, mitigation, and the principles of transferring risk. You'll work closely with the Vice President of Risk Management, helping to place and manage the corporate insurance program. Leading a talented team of risk management professionals, you'll support various operating groups and review contracts to spot potential risks. Your expertise will shine as you negotiate agreements with owners, designers, and subcontractors, ensuring that all parties are protected. Plus, you’ll collaborate with legal and operational teams, making sure risks are efficiently managed at every level. With a minimum of ten years in the field, you're already familiar with contract reviews and have experience in a supervisory role. You’ll need strong organizational skills, attention to detail, and fantastic communication skills to mentor your team effectively. Mortenson prides itself on positively impacting the community, and as a Senior Risk Manager, you’ll play a vital role in upholding our commitment to excellence while enjoying a competitive salary and comprehensive benefits. Join us and let’s redefine what’s possible together!

Frequently Asked Questions (FAQs) for Senior Risk Manager Role at Mortenson
What are the main responsibilities of a Senior Risk Manager at Mortenson?

As a Senior Risk Manager at Mortenson, your primary responsibilities include managing the corporate insurance program, overseeing a team of risk professionals, negotiating various agreements to mitigate risks, and ensuring compliance with risk management provisions in contracts. You'll also work closely with legal and operational leaders to effectively manage risk across the organization.

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What qualifications do I need to apply for the Senior Risk Manager position at Mortenson?

To apply for the Senior Risk Manager position at Mortenson, you need a Bachelor's degree and a minimum of 10 years of related experience. Key qualifications include a strong understanding of contract negotiation, experience in a supervisory role, and excellent communication skills. Familiarity with the construction or insurance industry is preferred.

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What is the salary range for the Senior Risk Manager at Mortenson?

The salary range for the Senior Risk Manager position at Mortenson is between $116,300 and $174,500. Factors affecting the base pay include your level of experience, knowledge, skills, and internal equity considerations, with higher ranges available for certain office locations.

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What benefits does Mortenson offer for the Senior Risk Manager role?

Mortenson offers a comprehensive benefits package for the Senior Risk Manager role, including medical, dental, and vision plans, a generous 401k match, unemployment insurance, paid time off, and tuition reimbursement. You'll also have access to mental health resources and gym membership discounts to support your well-being.

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Can I work remotely as a Senior Risk Manager for Mortenson?

While the Senior Risk Manager position at Mortenson is primarily on-site, there may be hybrid options available, allowing for a mix of in-person and remote work. It's essential to discuss this during the interview process to understand the specific arrangements.

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Common Interview Questions for Senior Risk Manager
How do you approach risk assessment in your role as a Senior Risk Manager?

As a Senior Risk Manager, I start by identifying potential risks across various projects and operations. I analyze contract clauses and other documents for risks, collaborate with different teams for insights, and create risk mitigation plans to handle identified risks effectively.

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Can you describe a time you successfully mitigated a significant risk?

In a previous role, I identified a potential financial risk related to a contract delay. By negotiating an extension and involving stakeholders early, we avoided penalties and set up a buffer schedule, which mitigated the risk and kept the project on track.

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What strategies do you use for effective team management?

I prioritize open communication and regular feedback while fostering a collaborative environment. Effective delegation aligned with team members' strengths allows me to empower my team, ensuring that everyone feels valued and engaged.

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How do you ensure compliance with legal risk management standards?

I stay informed about current laws in the industry, collaborate closely with our legal counsel, and communicate standards to my team. Regular training sessions also help ensure that everyone is up-to-date with compliance protocols and practices.

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What role does negotiation play in the Senior Risk Manager position?

Negotiation is vital in a Senior Risk Manager role; it's essential for establishing favorable contract terms that minimize liability. Building relationships with stakeholders also helps facilitate smoother negotiations and effective risk management.

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How do you handle conflicts within your team?

I believe in addressing conflicts openly and promptly. I encourage team members to communicate their concerns and facilitate discussions to seek common ground, aiming to resolve differences while reinforcing team cohesion.

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What techniques do you use to analyze risk data?

I utilize statistical models and risk assessment tools to analyze data effectively. Combining quantitative metrics with qualitative insights helps provide a comprehensive risk overview, informing our management strategies.

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Can you explain the importance of insurance in risk management?

Insurance is crucial in risk management as it protects the organization from unpredictable losses. It ensures financial stability and allows us to focus on operational growth without the burden of unforeseen liabilities.

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How do you foster communication among diverse teams?

I encourage an inclusive environment by promoting active listening and creating platforms for all voices to be heard. Regular team meetings and collaborative projects enhance understanding and communication across diverse backgrounds.

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What motivates you in your work as a Senior Risk Manager?

I'm motivated by the challenge of identifying risks and finding innovative solutions. Knowing that my efforts contribute to the safety and success of projects and teams drives my passion for risk management.

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Our Purpose and Mission: We are inspired by a compelling purpose: Building structures and facilities for the advancement of modern society.® Our purpose is fulfilled through our mission: To create an exceptional customer experience.

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Full-time, hybrid
DATE POSTED
April 14, 2025

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