Revantage

AVP, Property Insurance Procurement

ID
2022-4592
Job Locations
US-IL-Chicago

WHO WE ARE

Revantage is a Corporate Services affiliate of The Blackstone Group, the world’s largest alternative investment firm. Revantage 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 require 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:

 

  • 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.
  • Leaders - We commit to continuously improve our performance.
  • Learners – We learn from our challenges and successes.
  • Partners - We deliver value and positive impact to our partners.

 

WHY THIS ROLE IS VALUABLE

We are looking for an ambitious AVP of Property Insurance Procurement to join our Global Risk and Insurance team. The AVP of Property Insurance Procurement is responsible for identifying, evaluating, and analyzing property insurance risks inherent to the operations of the company and ultimately reducing the firm’s cost of risk. The AVP of Property Insurance Procurement will be expected to identify and evaluate the risk exposures and to administer the property insurance program efficiently. They will track and review the property insurance policies held by the company and support renewal process annually.

HOW YOU ADD VALUE

Responsibilities

  • Create robust Property Insurance programs and allocations across multiple asset classes.
  • Create, refine, and implement processes around budgeting, invoicing, market updates, and renewal communications
  • Understand and manage the catastrophic modeling results provided by external partners
  • Develop strong, effective working relationships with company’s management and internal customers at each property to communicate property insurance standards. • Establish yourself as the property insurance resource and educate the Portfolio Companies on the various insurance coverages and risk mitigation opportunities.
  • Implement, administer, and monitor risk management techniques/strategies to efficiently and cost-effectively manage those risks (i.e., risk transfer, risk mitigation/oss control, risk avoidance, risk elimination, risk retention, etc.).
  • Regularly review insurance programs for enhancements and work closely with brokers to create cost savings opportunities.
  • Collect and manage exposure information for a large real estate portfolio spanning multiple asset classes through use of Risk Management Information System (RMIS).
  • Utilize the RMIS to develop meaningful reports across the various Portfolio Companies.
  • Effectively interact with company’s risk team, brokers, RMIS vendors and insurers in communicating company’s risk related goals and objectives.
  • Act as an in-house resource to educate, advise, and counsel company management, property staff and business partners where necessary to reduce or transfer risks.
  • Coordinate issuance and distribution of Certificates of Insurance to company business partners with the broker. Evaluate and monitor incoming certificates to determine if they meet the appropriate contractual requirements and take needed action if not.
  • Review insurance binders, invoices, and policies for accuracy and manage the retention of policies, schedules of insurance and other risk management documentation based on company’s retention policy.
  • Participate in forums, risk management educational programs and other educational opportunities to stay abreast of emerging issues affecting risks.
  • Perform other duties as assigned.

WHAT YOU BRING TO THE ROLE

REQUIREMENTS:

  • Bachelor’s degree in Risk Management, Accounting, (Computational/Quantitative) Finance, Economics or related field required
  • Minimum 7 years overall risk experience
  • Property insurance expertise
  • Demonstrable and current in-depth knowledge and understanding of various real estate sectors, including the main products and services produced and processes used
  • First-class interpersonal skills, including relationship building and maintenance
  • Proficient working knowledge of Microsoft Office Suite, particularly Excel
  • Excellent communication (verbal & written), numerical, presentation & organizational skills
  • Self-motivated with the ability to work effectively as part of a team in a fast-paced, dynamic environment where superior time-management and prioritization skills are essential
  • Ability to travel up to 25% domestically and internationally

 

PERKS FOR YOU

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

 

EEO Statement

Our company is proud to be an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Our employment decisions are based on individual qualifications, job requirements and business needs without regard to race, color, marital status, sex, sexual orientation, gender identity and/or expression, age, religion, disability, citizenship status, national origin, pregnancy, veteran status and/or any other legally protected characteristics. We are committed to providing reasonable accommodations, if you need an accommodation to complete the application process, please email talent@revantage.com

 

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