Vp, Risk Management, Procurement & Transactions

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.

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

• Directs and supervises the procurement and transactions team, focusing on scaling the risk function and cultivating best-in-class services and processes.
• Leads end-to-end procurement efforts, streamlining and modernizing our Risk Management platform to enhance the development, implementation, and consistent application of effective risk transfer programs, policies, procedures, and reporting tools.
• Guides the Risk Management Transaction Team in providing clear and high-quality Risk Management guidance within a transactional context, addressing Blackstone’s Risk Management priorities and initiatives.
• Oversees the procurement of appropriate levels of commercial insurance and other risk transfer and claims management programs, leveraging our purchasing power to achieve cost savings.
• Establishes and communicates written policies and procedures for procurement and transaction functions, ensuring regular updates.
• Optimizes new deal standards for delivery, communication, tracking, and due diligence best practices.
• Utilizes Origami to monitor progress and meet the expectations of portfolio companies and Blackstone Real Estate.
• Collaborates with senior management to establish risk-related goals and ensure alignment with strategic objectives.
• Cultivates a more effective Risk Management Department, supporting professional development and succession planning of direct reports.
• Directs services provided by insurance brokers and key risk vendor relationships.
• Maintains executive-level sponsorship with key insurance partners.
• Advises and updates Blackstone Real Estate executives, Revantage senior management, and portfolio companies’ senior management on key Risk Management issues.
• Collaborates with business partners throughout the organization to understand Risk Management needs and strategic initiatives.
• Maintains an effective and proactive Risk Management framework, driving process change and considering impacts on risks and resources.
• Educates and advises on adequacy and levels of coverage for various forms of insurance.
• Works with portfolio companies to secure appropriate insurance programs and contract language for large construction projects.
• Defines relevant metrics and key performance data, including annual insurance costs, renewal information, key Risk Management issues, and loss trends.
• Acts as an in-house resource to educate, advise, and counsel company management, property staff, and business partners to mitigate or transfer risk effectively.

Required:

• Bachelor’s degree from an accredited college/business/technical school
• Minimum of 15+ year’s Risk Management Experience
• Experience in leading Risk Management and insurance functions
• Demonstrable and current in-depth knowledge and understanding of the real estate and /or PE investment business, 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

• Master’s Degree
• Professional designation (e.g. CPCU, ARM)

• 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