CONSTRUCTION RISK ENGINEER
Factory Mutual Global
Johnston RI 02919 US
Overview
FM is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engineering-based risk management and property insurance solutions. FM helps clients maintain continuity in their business operations by drawing upon state-of-the-art loss-prevention engineering and research; risk management skills and support services; tailored risk transfer capabilities; and superior financial strength. To do so, we rely on a dynamic, culturally diverse group of employees, working in more than 100 countries, in a variety of challenging roles.
Responsibilities
This position is accountable for the delivery of Construction risk engineering products and services that enable FM Renewables clients to enhance the resilience of their construction projects, reduce exposure to construction related loss events and ensure a seamless transition to an Operational risk. The position is fully responsible for risk identification, assessment and improvement, and ongoing loss prevention consulting services to ensure the development and growth of a profitable portfolio of construction business consistent with FM policies, business strategies, risk engineering guidelinesand objectives.Through effective consulting on construction risk management, onsite risk identification, mitigation solutions and construction supply chain resilience, clients will be best positioned to address the many emerging risk management issues associated with successfully completing construction projects in line with planned timelines and objectives. This is accomplished through proper identification, evaluation and quantification of risk characteristics and exposures throughout the construction project and the overall assessment of construction site risk quality as project evolves. It involves the allocation and management of both internal and external construction loss prevention and engineering resources including closely working with FM Cargo Risk Engineering on the storage and transportation risks associated withconstruction projects.Consulting is provided to clients, their contractors and Client Service Team members on construction risk identification, prevention and mitigation, project management, contractor management, management of change as well as on priority risk improvement measures that have the greatest impact on loss frequency and severity during construction. This involves helping the client understand their exposures to loss events during construction and impact on project deliverables, milestones and completion deadlines; recognizing the Insured’s risk tolerance level. Effectively work with key stakeholders: Client, their contractors, Client Service Team members, Field Engineering, Cargo Risk Engineering, Chief Engineers Group including Codes, Standards and Approvals personnel. Work to ensure robust and resilient project guidelines are developed and integrated into client organizations.Evaluate insured exposures (losses/loss analysis) and loss control practicesin place (or lacking) to provide construction risk assessments to underwritersand client service team members with risk mitigation recommendationspresented to eliminate or mitigate loss potential and enhance accountprofitability.Identify and partner with outside Engineering expertise to effectively assessand differentiate construction risks (i.e. multi-crane lifts, wet works andtunnelling,) that are outside the scope of traditional FM FieldEngineering.Create and deliver engineering focused presentations to our Clients andtheir partners to provide direction to the insured and their constructionpartners to support resilient outcomes.Handle all Renewable construction work assignments for all lines of business including working with large multi-location accounts, work tounderstand the insured’s business, philosophy and approach toconstruction, uncover value add engineering service opportunities andfinding approaches to ensure resilient outcomes.Complete detailed project servicing strategies and plans; Makerecommendations that will assist the insured’s management to correct andprevent the potential for future financial loss; provide loss prevention trainingto support risk mitigation efforts and address loss drivers.Participate in external working committee's and industry groups in theRenewable Energy and Construction sectors to stay current with Industrypractices and influence design and construction approaches for moreresilient outcomes.Communicate the status of project service plans and evolving constructionrisk quality to allow for effective and profitable underwriting of constructionprojects.
Qualifications
4 Year / Bachelors Degree, BA/BS degree in Engineering or 5 years relevant construction safety management or constructionrisk engineering experience preferredConstruction Risk and Insurance Specialist (CRIS),Professional Engineer (PE), Project ManagementProgram (PMP) is requiredAssociate in Risk Management (ARM),Construction Health and Safety Specialist (CHST) is preferred.The final salary offer will vary based on geographic location, individual education, skills, and experience. The position is eligible to participate in FM comprehensive Total Rewards program that includes an incentive plan, generous health, and well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, time off allowances and much more.FM is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.Job SummaryJob ID: 2024-14923# Positions: 1Work Location: Works from an office locationEmployee Type: RegularCategory: EngineeringMin: USD $105,400.00/Yr.Max: USD $151,600.00/Yr.On-Site, Remote, or Hybrid?: On-SiteCost Center: Renewables
FM is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engineering-based risk management and property insurance solutions. FM helps clients maintain continuity in their business operations by drawing upon state-of-the-art loss-prevention engineering and research; risk management skills and support services; tailored risk transfer capabilities; and superior financial strength. To do so, we rely on a dynamic, culturally diverse group of employees, working in more than 100 countries, in a variety of challenging roles.
Responsibilities
This position is accountable for the delivery of Construction risk engineering products and services that enable FM Renewables clients to enhance the resilience of their construction projects, reduce exposure to construction related loss events and ensure a seamless transition to an Operational risk. The position is fully responsible for risk identification, assessment and improvement, and ongoing loss prevention consulting services to ensure the development and growth of a profitable portfolio of construction business consistent with FM policies, business strategies, risk engineering guidelinesand objectives.Through effective consulting on construction risk management, onsite risk identification, mitigation solutions and construction supply chain resilience, clients will be best positioned to address the many emerging risk management issues associated with successfully completing construction projects in line with planned timelines and objectives. This is accomplished through proper identification, evaluation and quantification of risk characteristics and exposures throughout the construction project and the overall assessment of construction site risk quality as project evolves. It involves the allocation and management of both internal and external construction loss prevention and engineering resources including closely working with FM Cargo Risk Engineering on the storage and transportation risks associated withconstruction projects.Consulting is provided to clients, their contractors and Client Service Team members on construction risk identification, prevention and mitigation, project management, contractor management, management of change as well as on priority risk improvement measures that have the greatest impact on loss frequency and severity during construction. This involves helping the client understand their exposures to loss events during construction and impact on project deliverables, milestones and completion deadlines; recognizing the Insured’s risk tolerance level. Effectively work with key stakeholders: Client, their contractors, Client Service Team members, Field Engineering, Cargo Risk Engineering, Chief Engineers Group including Codes, Standards and Approvals personnel. Work to ensure robust and resilient project guidelines are developed and integrated into client organizations.Evaluate insured exposures (losses/loss analysis) and loss control practicesin place (or lacking) to provide construction risk assessments to underwritersand client service team members with risk mitigation recommendationspresented to eliminate or mitigate loss potential and enhance accountprofitability.Identify and partner with outside Engineering expertise to effectively assessand differentiate construction risks (i.e. multi-crane lifts, wet works andtunnelling,) that are outside the scope of traditional FM FieldEngineering.Create and deliver engineering focused presentations to our Clients andtheir partners to provide direction to the insured and their constructionpartners to support resilient outcomes.Handle all Renewable construction work assignments for all lines of business including working with large multi-location accounts, work tounderstand the insured’s business, philosophy and approach toconstruction, uncover value add engineering service opportunities andfinding approaches to ensure resilient outcomes.Complete detailed project servicing strategies and plans; Makerecommendations that will assist the insured’s management to correct andprevent the potential for future financial loss; provide loss prevention trainingto support risk mitigation efforts and address loss drivers.Participate in external working committee's and industry groups in theRenewable Energy and Construction sectors to stay current with Industrypractices and influence design and construction approaches for moreresilient outcomes.Communicate the status of project service plans and evolving constructionrisk quality to allow for effective and profitable underwriting of constructionprojects.
Qualifications
4 Year / Bachelors Degree, BA/BS degree in Engineering or 5 years relevant construction safety management or constructionrisk engineering experience preferredConstruction Risk and Insurance Specialist (CRIS),Professional Engineer (PE), Project ManagementProgram (PMP) is requiredAssociate in Risk Management (ARM),Construction Health and Safety Specialist (CHST) is preferred.The final salary offer will vary based on geographic location, individual education, skills, and experience. The position is eligible to participate in FM comprehensive Total Rewards program that includes an incentive plan, generous health, and well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, time off allowances and much more.FM is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.Job SummaryJob ID: 2024-14923# Positions: 1Work Location: Works from an office locationEmployee Type: RegularCategory: EngineeringMin: USD $105,400.00/Yr.Max: USD $151,600.00/Yr.On-Site, Remote, or Hybrid?: On-SiteCost Center: Renewables