Director, Insurance & Loss Control - #195581

Come Build Your Career at Aecon!

As a Canadian leader in infrastructure development, Aecon is safely and sustainably building what matters for future generations to thrive! We lead some of the most impactful infrastructure projects of our generation, at the forefront of transformational change in transportation and energy, and partnering every day to build, connect, power, and strengthen our communities.

At Aecon, You Can Count On

• Safety Always. Our number one core value. If we can’t do it safely, we don’t do it at all.
• Integrity. We lead by example, with humility and courage.
• Accountability. We’re passionate about delivering on our commitments.
• Inclusion. We provide equitable opportunities for everyone.
  
  
  

We lead the infrastructure industry with purpose, and our people are at the heart of everything we do. So, we invest in our people, just like they invest in us!

At Aecon We

• Ensure you and your family receive the services needed to support your mental, emotional, and physical well-being.
• Believe in helping you build your career through our Aecon University and Leadership Programs.
• Are committed to supporting and investing in inclusive work environments, through initiatives like Equity, Diversity & Inclusion training, our Aecon Women in Trades and Aecon Diversity in Trades programs, and our Employee Resource Groups (ERGs) to ensure we are building inclusion into every aspect of our culture at Aecon.
• Are a leader in sustainable construction. With a strong commitment to operating responsibly by minimizing our impact on the environment and surrounding communities.
  
  
  

Our business success relies on strong execution and continuous improvement – driven by the diversity, expertise and teamwork of our people. We’re always searching the globe for innovative, collaborative minds to join our best-in-class Aecon community!

What Is The Opportunity

Reporting to the SVP, Finance, the Director, Insurance and Loss Control will lead the corporate insurance team and collaborate with stakeholders and business leaders across Aecon. They will be responsible for shaping insurance strategy, ensuring robust risk management practices, and driving initiatives that enhance loss control measures.

What You’ll Do Here

• Design, develop and direct the implementation of insurance and risk solutions and strategies to optimize operations, including placement of enterprise-wide insurance programs and continuously monitor and adjust insurance solutions to meet corporate requirements
• Lead the negotiation and purchase of insurance policies
• Lead and/or participate in joint venture project pursuits from inception at the RFQ phase to Substantial Completion and Operations & Maintenance period as applicable, this includes procurement of stand-alone insurance specialized insurance coverages (builders risk, wrap-up liability, project specific professional liability and annual insurance coverages as required)
• Provide ongoing insurance expertise including claims handling, contract review, annual insurance coverages for joint venture projects
• Lead and direct the placement of insurance coverages for Aecon only project pursuits for all operations and support the project team throughout the project
• Review and analyze owner-controlled programs and where required negotiate improved terms and conditions with Owner to protect Aecon
• Support operations in the subcontractor prequalification process
• Interact with operational groups to identify, understand and analyze insurable risks and potential mitigation opportunities, and ensure coordination between project team on exposures and appropriate insurance coverage
• Provide expert advice, consultation and strategic direction on insurance and loss control programs, policies, standards, guidelines and methodologies keeping abreast of emerging and best practice trends
• Make recommendations to senior management for improvements to Aecon’s overall insurance and loss control program and practices
• Review and analyze loss control and trending reports and use this information to design, develop and lead internal training
• Responsibility for the direction and coordination of the corporate surety program and continuously drive the use of surety products to minimize the impact to the corporation’s balance sheet
• Manage relationships with third party service providers (i.e.: brokers, insurers, adjusters, appraisers, external legal counsel, consultants etc.)
• Prepare budgets, forecasts and financial reports including the analysis of annual insurance premiums, financial performance of insurance programs and the determination of billing rates and premium allocations
• Develop internal communication and advertising strategies related to all risk management and insurance initiatives; oversee the monitoring of compliance with insurance procedures, safety and risk manuals
• Lead the claims handling process for all claims below the corporate self-insurance retentions and the management of corporate losses including Property, casualty, D&O, Cyber, Crime, etc.
• Work closely with the Legal team on E&O claims
• Oversee all aspects of contract review related to risk, insurance and surety issues, including coordination with Legal Department
  
  
  

What You Bring To The Team

• Bachelor’s degree and 10+ years related industry experience, preferably in brokerage and construction risk with strong knowledge of general construction practices and provisions of construction contracts
• 10+ years’ experience buying and managing a portfolio of construction insurance
• Experience in successfully negotiating complex claims
• At least 3 years of surety and bonding program experience
• Extensive experience with U.S. insurance placements
• At least 5 years of people management experience
• CRM and/or CIP designation preferred
• Strong analytical skills, both financial and qualitative
• Excellent interpersonal and communication skills
• Effective time management skills
  
  
  

Aecon fosters diversity , inclusion and belonging within and across our organization. We welcome all to apply including, women, visible minorities, Indigenous peoples, persons with disabilities, and persons of any sexual orientation or gender identity.

We are committed to adhering to the objectives and requirements outlined in the Accessible Canada Act (ACA), and to meeting the accessibility needs of persons with disabilities in a timely manner, through the implementation of the requirements of the ACA and its applicable regulations. If you require accommodation under the ACA during any step of the application process please click here.