Vp, Insurance Risk Management

Overview

WHO WE ARE

Revantage is a Blackstone Company that provides a highly skilled employee base, best-in-class processes, and state-of-the-art technology to multiple Blackstone real estate portfolio companies. Sectors include Hospitality, Industrial, Multi-Family, Office, Retail, Senior Housing, and Manufactured Homes.

Revantage, headquartered in Chicago, is one of three global offices that includes Revantage Asia and Revantage Europe.

WHAT WE VALUE: OUR CULTURE

Creating a culture that inspires change and momentum requires the right team. We know what it takes to lead an industry, and are looking for leaders who seek constant growth, want to excel, and continuously improve upon themselves and the industry. The culture at Revantage is built on our shared core values and commitment to be:

• Leaders - We commit to continuously improve our performance
• Learners - We learn from our challenges and successes
• Achievers - We expect high standards for ourselves and enable the success of our teams
• Enthusiasts - We face challenges with optimism and believe anything is possible
• Partners - We deliver value and positive impact to our partners

WHY THIS ROLE IS VALUABLE

Revantage is seeking a Vice President of Insurance Risk Management to lead all Risk Management and insurance programs globally for Revantage and Blackstone's real estate portfolio companies, with the goal of identifying and assessing the risks of their operations and develop Risk Management solutions to minimize those risks. The candidate will leverage our buying power in the procurement of insurance and create a scalable and innovative approach to Risk Management. The Candidate will also serve as a key advisor to senior executive leadership, deal teams, and business partners to advise on risk-related and insurance matters.

Responsibilities

HOW YOU ADD VALUE

• Leads our efforts to right-size and modernize our existing Risk Management platform, with the goal of improving the development, implementation, and consistent application of effective risk transfer programs, claims management programs, policies and procedures, and risk reporting tools
• Establishes written policies and procedures for each area of the Risk Management function
• Ensures such policies and procedures are communicated to stakeholders and are updated regularly
• Utilize Origami to ensure progress and meet the goals and expectations of both the portfolio companies and Blackstone Real Estate
• Works with senior management to establish risk-related goals and objectives and to ensure that Risk Management activities are compatible with strategic objectives of Blackstone Real Estate, Revantage and the portfolio companies.
• Directs and supervises the Risk Management team, and ensures continued focus on scaling the risk function and developing best in class services and processes
• Fosters a more effective Risk Management Department and supports professional development and succession planning of direct reports
• Oversees the procurement of appropriate levels of commercial insurance and other risk transfer and claims management programs, using and leveraging our buying power to achieve cost savings
• Directs the services provided by all insurance brokers and other key risk vendors relationships
• Maintains executive-level sponsorship at all key insurance partners
• Advises and updates Blackstone Real Estate executives, Revantage senior management, and the portfolio companies' senior management on key Risk Management issues
• Collaborates and interacts with business partners throughout the organization to understand businesses Risk Management needs, key strategic initiatives, and minimizing risk exposures.
• Maintains an effective and proactive Risk Management framework that influences process change and considers impact on risks and other resources
• Educates and advises on adequacy and levels of coverages for first-party property, general liability, directors' and officers' liability, fidelity, cyber and other forms of insurance
• Works with portfolio companies to secure appropriate insurance programs and contract language for large construction projects
• Defines appropriate metrics and key performance data, including annual insurance costs and renewal information, key Risk Management issues, loss trends, and other reporting requirements defined by management
• Act as in-house resource to educate, advise, and counsel company management, property staff, and business partners where necessary to reduce or transfer risk

Qualifications

WHAT YOU BRING TO THE ROLE

Required:

• Bachelor's degree from an accredited college/business/technical school

• Minimum of 15+ year's Risk Management and Claims Experience
• Experience in leading Risk Management and insurance functions
• Understanding of the real estate industries and sectors, including the main products & services provided
• Excellent communication (verbal & written), numerical, presentation & organizational skills
• Demonstrate strong leadership/teamwork skills
• Effective reasoning and decision-making skills
• Ability to prioritize work, meet deadlines, and follow up in a timely manner
• Ability to work effectively as part of a team in a fast-paced environment
• Proficient working knowledge of Microsoft Office systems, particularly Excel; and working knowledge of RMIS requirements and capabilities

Preferred:

• Master's Degree or Chartered Property Casualty Underwriter designation

PERKS FOR YOU

• Competitive salary, overall compensation, and 401(k)
• Work-life balance offerings include:
  • Hybrid work policy
  • Productive Hours - weekly meeting-free work time
  • Weekly Summer Fridays
• In-house and external learning & development opportunities 
• Generous health insurance and wellness benefits

 

EEO Statement

The Company is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination against any applicant, employee, or other covered person based on any legally recognized basis, including, but not limited to: veteran status, uniformed servicemember status, race, color, caste, immigration status, religion, religious creed (including religious dress and grooming practices), sex, gender, gender expression, gender identity, marital status, sexual orientation, pregnancy (including childbirth, lactation or related medical conditions), age, national origin or ancestry, citizenship, physical or mental disability, genetic information (including testing and characteristics), protected leave status, domestic violence victim status, or any other consideration protected by federal, state or local law. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email talent@revantage.com

Employment Type: OTHER