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

The VP of Captive Insurance will be responsible for overseeing and managing the captive insurance program of an organization. The VP will play a crucial role in designing, implementing, and maintaining effective captive insurance strategies to mitigate risk, control costs, and enhance overall risk management practices. The position will work closely with the regional IAS teams in Chicago. This position will be based out of Revantage’s offices in Chicago, IL.  Open to considering other locations for exceptional talent.

HOW YOU ADD VALUE

• Structure, execute and operate alternative risk structures, including captives and insurance-linked securities. This includes oversite of legal document execution, as well as quantitative analysis.
• Develop and execute the organization's captive insurance strategy, aligning it with the overall risk management objectives and corporate goals.
• Identify and analyze the risks faced by Revantage and its affiliated entities to determine which risks are suitable for inclusion in the captive insurance program.
• Oversee the claims handling process, ensuring timely and accurate claims settlements while detecting and addressing potentially fraudulent activities.
• Oversee preparation of financial statements and cash management for captives.
• Effectively communicate complex ideas to stakeholders, including Blackstone, Revantage and the Portfolio Companies.
• Prepare quantitative analysis to support alternative risk recommendations.
• Stay up-to-date with local and international insurance regulations, ensuring the captive insurance program complies with all relevant laws and regulatory requirements.
• Maintain and lead relationships with brokers and leading markets, as well as peers, to make sure we are seeing the best ideas.
• Work with regional Insurance Procurement teams to assist with execution and renewals, related to alternative risk solutions.
• Continuously assess and enhance the captive insurance program by implementing best practices and exploring innovative risk management solutions.

WHAT YOU BRING TO THE ROLE

Required:

• Quantitative undergraduate degree, such as math, statistics, engineering, economics or business
• Minimum 10 years of insurance solutions experience, including captives, and/or insurance-linked securities
• Knowledge in Captive
• Knowledge across lines of coverage, with emphasis on property insurance
• First-class interpersonal skills, including relationship building & maintenance
• Ability to explain complex issues in simple terms
• Excellent communication and interpersonal skills to liaise with internal stakeholders, insurance regulators, and external partners.
• Proven leadership abilities, including the capability to drive strategic initiatives and manage a diverse team effectively.
• Sound decision-making skills and the ability to work under pressure in a fast-paced environment. 

Preferred:

• MBA

Perks for You

• Competitive salary, overall compensation, and 401(k)
• Work-life balance offerings include:
  • Hybrid Work Policy
  • Productivity Hours – weekly meeting-free work time
  • Summer Fridays
  • Work From Anywhere Month
• 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