Director, Risk Management

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 continuously refine a comprehensive Enterprise Risk Management (ERM) framework aligned with company strategy and growth objectives. 
• 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, ensuring appropriate coverage terms and limits aligned with project scope and value. 
• Conduct and oversee insurance audits, ensuring accurate premium 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 for appropriate lines of coverage, including fronting arrangements, loss-sensitive programs, and funded retentions. 
• Partner with external advisors (actuaries, captive managers, legal counsel) to structure, domicile, and operate alternative 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, ensuring timely reporting, investigation, and favorable resolution. 
• Collaborate with project teams, legal counsel, and third-party administrators (TPAs) to manage complex or litigated claims effectively. 
• Analyze claims data to identify trends, root causes, and systemic exposures; use findings to drive loss prevention initiatives. 
• Establish reserves and monitor claim development against projections; report significant claim activity to senior leadership. 
• Manage relationships with defense counsel and monitor litigation spend and strategy. 

Contract Risk Review 

• Review and negotiate risk-related provisions across all contract types 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, groun