Senior Director, Insurance & Risk Advisory Services

Description

Alvarez & Marsal Private Equity Performance Improvement

Senior Director, Private Equity - Insurance & Risk Advisory Services

Alvarez & Marsal is seeking to expand its Insurance and Risk Advisory Services (IRAS) team in the U.S. with a Senior Director to lead a focused effort on serving the private equity marketplace with risk management, insurance, and transaction services.

About Us

Alvarez & Marsal is a leading global professional services firm that provides advisory, business performance improvement and turnaround management services. A&M continues to be privately held since its founding in 1983. A&M’s leadership is about bias towards action and the willingness to tell clients what we think is needed. Our restructuring heritage sharpens our ability to act decisively. Clients select us for our deep expertise and ability to create and deliver practical, rather than theoretical, solutions to their unique problems in addition to our independence/objectivity. These are the core differences that distinguish us from other management consulting firms. With over 8,000 people across four continents, we deliver tangible results for corporates, boards, private equity firms, law firms and government agencies facing complex challenges. Our senior leaders and their teams help organizations transform operations, catapult growth, and accelerate results through decisive action.

Insurance & Risk Advisory Services (IRAS) is internally aligned with A&M Private Equity Performance Improvement Services (PEPI) practice. IRAS provides: (1) insurance industry advisory and (2) risk management Advisory Services. The IRAS insurance industry advisory offering provides the insurance industry vertical with finance, strategy and operations consulting for insurance companies, brokers, and intermediaries. The IRAS risk management advisory offering supports all industries, with an emphasis on serving the private equity marketplace, with risk management and insurable risk management solutions.

Our PEPI-IRAS services expected to be supported in full or in part by this position include:

• Private equity risk management - outsourced risk management in support of the whole of the PE Ecosystem
• Transaction leadership - due diligence, quality of earnings, transaction advisory and structuring and merger integration or carveout
• Performance improvement – structural, financial, and functional leadership to drive change including risk management, insurance and benefits advisory, risk and insurance diagnostics, cost takeout (total cost of risk) and enterprise de-risking
• Project leadership - Interim management, insurance, and risk functional transformation and departmental stand up
• Distressed company support – executive protection, risk and insurance function intervention and support to Financial Advisory/ Chief Restructuring Officer or Trustee

The IRAS practice is a growing business with excellent opportunities for career advancement and building leadership skills. The PEPI-IRAS leadership team is focused on providing career development and training for high performing professionals.

Professional Experience

• Prior customer and market-facing private equity experience in risk management and insurance. Experience as a risk manager, insurance broker, underwriter, coverage specialist or consultant providing similar services is highly preferred.
• Direct responsibility for customer management, sales, and contract negotiations
• Significant experience in large-scale transaction due diligence in the private equity and corporate mergers & integrations space. Experience should include complex quality of earnings, valuation, collateral, financing, and cash flow analysis
• Hands-on or prior advisory experience with unique elements impacting transactions including captives, loss portfolio transfers, transition services, purchase agreements and day-one readiness assessments
• Demonstrable track-record of experience with a broad spectrum of insurance coverages with emphasis on financial lines (D&O, GPL, E&O, Cyber), specialties coverages, commercial liability, and workers compensation
• Experience managing vendor performance (brokers, third party administrators, actuaries, and other consultants)
• Familiarity with enterprise risk management (ERM) implementation and frameworks (ISO 3100, COSO)
• Experience utilizing risk tools (actuarial and benchmarking)

Professional Skills

• Strong communication skills: written, oral, and analytical with ability to listen and develop clear, credible, and concise responses to complex / technical client concerns
• Initiative to lead and drive
• Critical thinking, process, and organizational skills with thorough attention to detail, but discernment between what is critical vs. interesting
• Ability to develop critical insights and make strategic recommendations based upon relevant metrics
• Structured project management (time, team, and work-stream’s management)
• Ability to deliver time-pressured projects on-time and with the highest (error-free) quality
• Ability to identify key operational performance drivers and flexibility to support clients with a broad array of issues
• Core accounting knowledge and impacts of risk on financial and operational results
• Flexible and creative thinking
• Advanced Excel and PowerPoint skills

Qualifications

• Bachelor’s Degree in Insurance / Risk Management, Business Administration, or other relevant degree with a preference for advanced education including MBA, JD or other
• 15 + years of previous related risk management, insurance brokerage, underwriting and coverage or consulting
• CPCU, ARM, CIC or other professional designations preferred
• Significant knowledge of the Private Equity marketplace
• Strong insurance marketplace relationships
• Existing Private Equity and Global 2000 relationships a plus (personal or professional);
• Flexibility with respect to travel

The salary range is $175,000 - $275,000 annually, dependent on several variables including but not limited to education, experience, skills, and geography. In addition, A&M offers a discretionary bonus program which is based on a number of factors, including individual and firm performance. Please ask your recruiter for details.

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