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Preferred Risk Insurance Jobs in Virginia (NOW HIRING)

Extensive knowledge of the insurance market and strong organizational, time management, and ... Construction industry experience is preferred. This is an onsite, in-office-based position and can ...

Extensive knowledge of the insurance market and strong organizational, time management, and ... Construction industry experience is preferred. This is an onsite, in-office-based position and can ...

Risk Manager

Harrisonburg, VA · On-site

$75K - $85K/yr

The Risk Manager is an exempt full-time position with benefits and a preferred hiring range of $36 ... Your duties will also include advising on insurance requirements for special events and vendor ...

Risk Control Consultant

Roanoke, VA · On-site

$48K - $65K/yr

... insurance risk pools. Our core values are commitment, innovation, integrity, and wellness. We are ... College degree preferred. * GSP, ASP, CSP, OSHA, or ARM designation(s) or ability to obtain ...

Credit Risk Analyst

Alexandria, VA · On-site

$110K - $145K/yr

... preferred. * 3+ years of experience in credit analysis, banking, trade finance, ratings, insurance, or a related risk management function. * Strong financial statement analysis, credit modeling, and ...

Credit Risk Analyst

Alexandria, VA · On-site

$110K - $145K/yr

... preferred. * 3+ years of experience in credit analysis, banking, trade finance, ratings, insurance, or a related risk management function. * Strong financial statement analysis, credit modeling, and ...

New

... insurance broker(s). What are we looking for? * Bachelor's degree preferably with a Risk Management or Business (Finance) major.An MBA in Risk Management or Business (Finance) is a plus. * 5+ years ...

Threat & Risk Assessment Specialist

Arlington, VA · On-site

$113K/yr

Preferred Qualifications * Experience assessing organized-crime or targeted threats against public ... Medical, dental, and vision insurance and/or TRICARE supplemental insurance * Short- and long-term ...

Showing results 21-40

Preferred Risk Insurance information

What is preferred risk insurance?

Preferred Risk Insurance refers to insurance policies offered to individuals or businesses that are considered low risk by insurance companies. These policyholders typically have a favorable claims history, good credit, and other positive risk factors, which can result in lower premiums and better coverage options. Preferred risk categories exist in various types of insurance, including auto, home, and life insurance, and are used by insurers to reward responsible customers. Being classified as a preferred risk can help you save money and access more comprehensive insurance products.

What are the key skills and qualifications needed to thrive as a preferred risk insurance underwriter?

To thrive as a Preferred Risk Insurance Underwriter, you need a solid understanding of risk assessment, insurance policies, and underwriting principles, typically supported by a bachelor's degree in finance, business, or a related field. Familiarity with underwriting software, industry databases, and insurance regulations is crucial, and professional certifications like CPCU or AU are often preferred. Strong analytical thinking, attention to detail, and effective communication are vital soft skills for evaluating applications and collaborating with agents or clients. These skills ensure accurate risk evaluation, profitable decision-making, and regulatory compliance within the insurance industry.

What are some common challenges faced by professionals working in preferred risk insurance, and how can they effectively address them?

Professionals in Preferred Risk Insurance often face the challenge of accurately assessing and underwriting applicants who fall within favorable risk categories, while ensuring compliance with regulatory standards. Balancing competitive pricing with profitability is another key challenge, as is staying updated on evolving risk factors and industry trends. To address these issues, it's important to maintain strong analytical skills, foster clear communication with underwriting and sales teams, and regularly participate in training sessions or industry seminars. Collaboration with actuaries and claims specialists is also essential to ensure consistent risk evaluation and policy management.

What is the difference between Preferred Risk Insurance vs Commercial Insurance Agent?

AspectPreferred Risk InsuranceCommercial Insurance Agent
CredentialsLicenses required, often with specific state certificationsSame licenses, may require additional certifications for commercial policies
Work EnvironmentPrimarily office-based, handling personal insurance policiesOffice and client meetings, handling business and commercial policies
Industry UsageUsed by insurance companies to classify low-risk clientsUsed by agents to sell various insurance products, including commercial policies

Preferred Risk Insurance typically refers to clients or policies with lower risk profiles, often handled by agents specializing in personal insurance. Commercial Insurance Agents focus on selling policies for businesses, which usually involve higher risks. While both roles require licensing and industry knowledge, Preferred Risk Insurance emphasizes low-risk personal policies, whereas Commercial Insurance Agents deal with business-related coverage.

What are popular job titles related to Preferred Risk Insurance jobs in Virginia?

For Preferred Risk Insurance jobs in Virginia, the most frequently searched job titles are:

What job categories do people searching Preferred Risk Insurance jobs in Virginia look for?

The top searched job categories for Preferred Risk Insurance jobs in Virginia are:

What cities in Virginia are hiring for Preferred Risk Insurance jobs?

Cities in Virginia with the most Preferred Risk Insurance job openings:

Risk Manager

Alexandria, VA • On-site

Other

Re-posted 22 days ago


Job description

The Risk Manager will identify, assess, and mitigate potential risks that could impact the company’s health and objectives by following PC’s risk management strategies, policies, and procedures to minimize threats and ensure compliance with regulations. Key functions include administration of the Corporate Property & Casualty Program, Contractor Controlled Insurance Program (CCIP), Subcontractor Default Insurance Program (SDI), Builder’s Risk, and other project-specific coverages and providing timely and accurate review, analysis and recommendations of insurance coverage related to construction contracts, lease agreements, subcontract agreements, purchase orders and consultant agreements in collaboration with other corporate departments.

The right candidate will have 8-10 years of proven experience in construction risk management, insurance underwriting, or account management. Extensive knowledge of the insurance market and strong organizational, time management, and analytical skills are required. Construction industry experience is preferred.

This is an onsite, in-office-based position and can be based in our South Burlington, Vermont office, or one of our other regional offices located in Charlotte, NC, Atlanta, GA, or Alexandria, VA. 

Key Responsibilities:

  • Track pipeline pursuits, review and analyze bid documents and specifications to identify insurance requirements. Obtain builder’s risk, Owner’s protective, railroad protective and other project specific liability insurance coverage as necessary.
  • Review Owner Contracts, lease agreements, and equipment rental agreements to identify insurance requirements and request and issue insurance certificates on behalf of all PC Construction owned entities.
  • Identify and track subcontractor flow-down insurance requirements to support estimating, operations, and purchasing activities. Develop and maintain sample certificates of insurance for subcontractors and vendors to ensure consistency with contract requirements and facilitate bid package preparation and negotiations.
  • Communicate subcontractor and vendor insurance requirements to the third-party compliance vendor and review, evaluate, and approve exceptions as necessary.
  • Maintain and manage schedules of projects insured under the company’s master builder’s risk program, including preparation of quarterly audit reports for the carrier. Separately, track and administer project-specific builder’s risk policies, including monitoring insured limits and expiration dates and coordinating necessary adjustments such as limit increases and policy extensions.
  • Oversee and maintain comprehensive schedules of insurable assets, including all property locations, construction equipment, vehicles, trailers, drones, and other company-owned or operated assets.
  • Maintain and manage schedules of riggers’ liability exposures, ensuring accurate tracking of values and locations.
  • Review Owner Controlled Insurance Program (OCIP) and Contractor Controlled Insurance Program (CCIP) manuals prior to project start-up and advise project teams on the scope of coverage, exclusions, and operational requirements under each program. Oversee program administrators to ensure all subcontractors are properly enrolled or excluded, as applicable, prior to commencing on-site work. Validate enrollment documentation, confirm compliance with program requirements, and verify that certificates of insurance are obtained and maintained for all off-site exposures not covered by the OCIP or CCIP.
  • Work collaboratively with project teams to evaluate and track subcontractor eligibility for the SDI program, complete enrollment forms, and manage ongoing quarterly reporting requirements to support program compliance.
  • Partner with the Corporate Safety Department to develop and maintain compliant workers’ compensation physician panels in applicable states, including coordinating with carriers/brokers, verifying state-specific posting and notice requirements, and supporting project teams with implementation and ongoing compliance.
  • Administer workers’ compensation return-to-work protocols, including issuing notice letters for light duty and return-to-full-duty status, coordinating with adjusters and medical providers, and maintaining documentation to support effective claim management.
  • Oversees requests for MVRs (Motor Vehicle Records) for driver authorizations and in conjunction with pending vehicle assignments; reviews results and advises the Director of Risk Management of any concerns. Conducts annual MVR audits and oversees tracking of personal auto certificates of insurance (COIs) for allowance drivers to ensure compliance with minimum required limits and coverage standards.
  • Process all departmental invoices in alignment with the appropriate project/department phase.
  • Maintain a strong relationship with insurance and surety broker partners to ensure the efficiency of program administration functions, program invoicing, policy issuance, and certificate of insurance requests.
  • Coordinate underwriting details for renewals providing accurate and organized information.
  • Participate/lead training with Operations Teams.

100% EMPLOYEE OWNED

PC Construction is an Equal Opportunity Employer that values and respects the importance of a diverse and inclusive workforce.

About PC Construction: PC offers general contracting, construction management and design-build services to private and public clients across the country. The company manages projects along the east coast from its headquarters in Vermont and a network of locations in Florida, Georgia, Maine, New Hampshire, New York, North Carolina and the Mid-Atlantic. From specialized buildings to complex water and wastewater treatment plants, PC is ranked annually as one of the top contractors in the country. A construction industry leader for over 65 years, PC Construction is guided to success by its team of dedicated employee-owners. #LI-AL1#LI-ONSITE

This position has a pay range of $119,000 to $130,000 annually, depending on experience, in addition to an extensive benefits package that includes company stock and a profit-sharing bonus.