Construction Practice Manager

Title : Construction Practice Manager

Employment Status : Full-Time, Permanent

Location : Vaughan Office - 7501 Keele Street, Suite 400, Vaughan ON, L4K 1Y2

The Company

Established in 1966, Masters Insurance is one of Ontario’s largest, independently owned brokerages that specializes in insurance and bonding solutions for the construction and development industries.

As a rapidly growing company with an enduring passion for supporting our businesses, and our communities, we also offer personal and commercial insurance, group benefits and financial planning services.

Position Summary

This position involves working as a Construction Practice Manager for the Commercial Insurance team. This person will be responsible for overseeing and managing all aspects of insurance contracts related to construction projects.

They are responsible for ensuring that construction projects are adequately covered by insurance policies, negotiating insurance contracts, reviewing policy terms and conditions, revising wording, and providing guidance and consultation to project teams on insurance-related matters.

Benefits

• Competitive compensation package
• Generous health and dental benefits program, including Healthcare Spending Account
• Robust Group Retirement Savings program with company matching
• Reimbursements of license fees and professional membership dues
• Full support of continuing education and growth opportunities, including career mentorship with senior management
• Hybrid work schedule
• Epic year-round employee events!
• Wellness programs, including a special initiative for new moms
• Opportunities to give back to our communities through philanthropic programs
• Membership to an exclusive employee discount program
• Discounts to gym membership and select local retailers

Key Accountabilities

• Understand our clients and their operations to guarantee comprehensive coverage that aligns with clients' specific needs and provide adequate coverage and project requirements
• Ability to review construction contracts and insurance wordings
• Review, negotiate, and finalize insurance contracts, including Construction, Builders Risk, High and Low Rise, General Liability, Property Liability, Cyber, Professional Liability, D&O, Crime, Pollution, and other relevant policies including contract language review
• Craft tailored wordings for contracts, ensuring seamless integration into clients' insurance programs
• Provide risk management consultation, including analyzing insurance policy exclusions and limitations to identify potential gaps in coverage and propose solutions to mitigate risks
• Provide invaluable consultation and support to internal staff and clients regarding contractual insurance needs across diverse contracts

Candidate Qualifications

• RIBO License is required; Professional certifications such as CRM, CIP and / or CAIB preferred
• Proven experience in insurance contract management, preferably in the construction industry
• Strong understanding of construction insurance policies, coverage types, and risk management principles
• Exceptional technical insurance knowledge, including a wide range of all general insurance lines and project placements
• Excellent negotiation skills and ability to review and interpret complex insurance contracts and policy documents
• Proficiency in risk assessment, claims management, and compliance with insurance regulations and industry standards
• Exceptional communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams and external stakeholders
• Detail-oriented with strong analytical and problem-solving abilities
• Ability to work independently, prioritize tasks, and meet deadlines in a fast-paced environment
• Proficiency in relevant software applications, including MS Office suite and insurance management systems
• Professional certifications such as CRM or CIP preferred
• Minimum of 7-10 years of experience in commercial insurance brokerage or related field, with at least 3-5 years in a senior or specialized role

Masters Insurance Limited is an equal opportunity employer committed to an inclusive workplace. We will accommodate the needs of applicants in accordance with the Ontario Human Rights Code and the Accessibility for Ontarians with Disabilities Act throughout all stages of the recruitment and selection process.

If you require accommodation, please contact us at (416) 637-5699 or email us at [email protected].