Subcontractor Risk & SDI Manager

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.

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.

• 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: Demonstrated ability to analyze financial statements, including liquidity, leverage, profitability, working capital, and financial trends. Thorough knowledge of senior leadership and region legal trends/risk. Outstanding relationship-building skills.

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.

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.