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Director, Portfolio Insurance

Location: Boston

Company Overview:
Leading Private Equity firm managing a diverse portfolio of 60+ portfolio companies, collectively generating $18 billion in revenue with a workforce of 90,000 employees. The portfolio spans various industries, managing hundreds of millions in insurance coverage.

Position Summary:
We are seeking an experienced and strategic Director of Portfolio Insurance to optimize insurance coverage across our portfolio. This role will involve partnering with service providers and management teams to support the management of all commercial insurance programs, including property/casualty, auto, general liability, medical malpractice, E&O, workers’ compensation, cyber insurance, and employee benefits.

• Key Responsibilities:

  • Insurance Management:

    • Oversee the selection of advisors (brokers, carriers) for all insurance lines within the portfolio.
    • Ensure robust risk management and comprehensive coverage.
    • Manage commercial insurance programs, including property/casualty, auto, general liability, medical malpractice, E&O, workers’ compensation, cyber insurance, and employee benefits.

  • Insurance M&A Diligence:

    • Collaborate with acquisition insurance diligence service providers to execute consistent insurance diligence processes.
    • Evaluate and optimize insurance strategies during platform transactions, add-on acquisitions, and significant business events.

  • Portfolio Analysis:

    • Conduct comprehensive analysis and reporting of insurance programs across the portfolio.
    • Drive market leverage and optimize coverage for the 60 portfolio companies and their substantial insurance premiums.

  • Collaboration & Best Practices:

    • Work with portfolio company leadership teams (CEO, CFO, GC, CHRO, CIO) to refine insurance purchasing strategies.
    • Ensure best practices in risk management, claims management, coverage optimization, and cost control.

  • Expert Support:

    • Provide clear explanations of complex insurance scenarios to investment team members, portfolio company management, and third-party advisors.

  • Project Leadership:

    • Lead key projects related to insurance diligence, risk management, and business continuity planning.

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  Qualifications:

  • Bachelor’s degree in Business, Finance, Risk Management, Insurance, or related field; advanced degree or professional certification (e.g., CPCU, ARM) preferred.
  • Extensive experience managing commercial insurance programs with a strong quantitative background in property/casualty, workers’ compensation, cyber insurance, and employee benefits; underwriting experience helpful.
  • Proven track record in insurance diligence and optimizing strategies across a diverse portfolio.
  • Experience in diligence and deal lifecycle management of insurance lines in a Buy and Build growth model.
  • Strong analytical skills with the ability to interpret data from multiple sources.
  • Excellent consultative communication skills, with the ability to present complex information clearly and drive timely decisions.
  • Experience working with investment firms or private equity firms on M&A from an insurance firm standpoint preferred. E.g., work experience at firms such as Willis, Mercer, Marsh, Aon, Liberty Mutual, Hub, Lockton with transaction support experience is highly desirable.
  • Ability to collaborate effectively with legal teams and other advisors.

Job Title: Director, Portfolio Insurance

Location: Boston

Company Overview: Leading Private Equity firm managing a diverse portfolio of companies (50+ portfolio companies), collectively generating $18 billion in revenue with a workforce of 90,000 employees. The portfolio spans across various industries, managing hundreds of millions in insurance coverage

Position Summary: We are seeking an experienced and strategic Director of Portfolio Insurance to support portfolio company management teams by optimizing their insurance coverage. This role will be integral in partnering with service providers and management teams to manage the commercial insurance programs, including property/casualty, workers’ compensation, cyber insurance, and employee benefits.

Key Responsibilities:

• Insurance Management: Oversee the process for selecting the right advisors (brokers, carriers) across all insurance lines for the portfolio, ensuring robust risk management, comprehensive coverage and effective ongoing management of commercial insurance programs including property/casualty, workers’ compensation, cyber insurance, and employee benefits.
• Insurance Diligence: In partnership with diligence service providers for the insurance category, apply expertise in insurance diligence, particularly in consistent diligence process execution, evaluating and optimizing insurance strategies during transactions or significant business events.
• Portfolio Analysis: Conduct comprehensive analysis and period reporting of insurance programs across the portfolio, driving market leverage and optimizing coverage across the 60 portfolio companies and their substantial insurance premium expenditures.
• Collaboration & Best Practices: Work closely with portfolio companies to assess and refine their insurance purchasing strategies, ensuring best practices and cost efficiencies.
• Expert Support: Provide insightful support and clear explanations of complex insurance scenarios to investment team members, portfolio company management, and third-party advisors, including legal and accounting specialists.
• Project Leadership: Lead key projects, including those related to insurance diligence, risk management, and business continuity planning, such as the Covid-19 business risk initiative.

Qualifications:

• Bachelor’s degree in Business, Finance, Risk Management, Insurance, or a related field; advanced degree or professional certification (e.g., CPCU, ARM) preferred.
• Extensive experience in managing commercial insurance programs, with a strong background in property/casualty, workers’ compensation, cyber insurance, and employee benefits.
• Proven track record in insurance diligence and optimizing insurance strategies across a diverse portfolio.
• Strong analytical skills with the ability to aggregate and interpret data from multiple sources.
• Excellent communication skills, with the ability to present complex information clearly to diverse stakeholders.
• Experience working with investment firms or private equity is highly desirable.
• Ability to collaborate effectively with legal teams and other advisors.

Bachelor’s Degree