Sr. AVP, Construction Procurement (Insurance & Alternative Solutions)

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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:

  • 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 improving 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 property procurement to join our Global Risk and Insurance team. The Risk Manager 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. This person 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.
Position Location: Dallas, TX
Responsibilities
RESPONSIBILITIES:

  • Support the creation of robust Property and Construction 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 manage those risks efficiently and cost-effectively (i.e.: risk transfer, risk mitigation / loss 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).
  • Verifies development activity by collecting and organizing contracts, policies and insurance certificates and comparing to appropriate contracts, leases or agreements.
  • Assist Risk Management Transaction team with review of construction policies and contracts for acquisitions actively under construction or immediately post construction.
  • 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.


Qualifications
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


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
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 [email protected].

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Technology we use

  • Engineering
  • Product
  • Sales & Marketing
    • JavascriptLanguages
    • PHPLanguages
    • PythonLanguages
    • SqlLanguages
    • jQueryLibraries
    • Node.jsFrameworks
    • SparkFrameworks
    • Microsoft SQL ServerDatabases
    • Azure SynapseDatabases
    • SnowflakeDatabases
    • Delta LakeDatabases
    • Google AnalyticsAnalytics
    • AsanaManagement
    • ConfluenceManagement
    • JIRAManagement
    • Microsoft ProjectManagement
    • SmartsheetManagement
    • WordpressCMS
    • NetlifyCMS
    • Constant ContactEmail
    • SendGridEmail
    • PoppuloEmail

What are Revantage, a Blackstone Real Estate Portfolio Company Perks + Benefits

Revantage, a Blackstone Real Estate Portfolio Company Benefits Overview

At Revantage, culture is paramount. However, a company cannot have a strong company culture without valuing its employees and fostering their wellbeing, success, and personal & professional development. From a generous PTO offering to job training & diversity programs, Revantage’s benefits package serves each employee beyond basic healthcare coverage and we are proud to be Great Place to Work Certified.

Culture
Volunteer in local community
Partners with nonprofits
Revantage is a corporate partner to CoreGiving, a 501©(3) organization created in 2016 to fight child hunger in communities we serve throughout the U.S.
Open door policy
OKR operational model
Team based strategic planning
Open office floor plan
Flexible work schedule
Employees can work remotely up to two days a week, and if flexibility in hours is needed, that can be arranged with manager.
Remote work program
Revantage lets all employees work remotely up to two days a week .
Diversity
Dedicated diversity and inclusion staff
Mandated unconscious bias training
Our employees and leaders are given an annual unconscious bias training in order to cultivate a more equitable and diverse workforce.
Diversity employee resource groups
Revantage has several resource groups including Women in Network - an opportunity for women at Revantage to drive their growth, and Grassroots - an employee-led cultural awareness initiative.
Hiring practices that promote diversity
Health Insurance + Wellness
Flexible Spending Account (FSA)
This account allows you to pay eligible medical, dental and vision expenses with pre-tax dollars. You can contribute up to $2,750 per plan year to this account.
Disability insurance
Short term and long term disability insurance provided by Cigna.
Dental insurance
Revantage covers 100% of dental insurance
Vision insurance
Revantage covers 100% of vision insurance
Health insurance
Employees are eligible to elect medical, dental and vision insurance for themselves and eligible dependents. Coverage is effective on the first day of employment.
Life insurance
Life insurance is provided at no cost to employees.
Wellness programs
Revantage provides complementary on-site gym membership, Headspace mediation app membership and ongoing wellness programs.
Mental health benefits
Revantage offers a free subscription to Headspace, access to the EAP, and has instituted a no after-hours meeting policy.
Financial & Retirement
401(K)
Revantage's 401(k) platform through Insperity offers SmartPlan educational tools and calculators to educate employees on plan basics, retirement needs, risk profile, investments, and contributions.
401(K) matching
401(k) retirement plan matches dollar for dollar up to 6% of employee pay with immediate vesting. Profit-sharing contributions of up to 2% are dispersed based on company performance annually.
Performance bonus
Revantage firmly believes in rewarding employees for hard work and offers annual bonuses to employees that meet performance goals.
Child Care & Parental Leave
Childcare benefits
Generous parental leave
12 weeks of fully-paid parental leave.
Family medical leave
Adoption Assistance
Revantage reimburses eligible employees up to $1500 for qualified adoption expenses.
Vacation + Time Off
Generous PTO
We provide 17 PTO days, 3 floating days, & 12 paid holidays off to recharge including Juneteenth, the Friday before Memorial Day, time off for voting, and summer hours every other Friday.
Paid volunteer time
Paid holidays
Office Perks
Commuter benefits
Our commuter benefits policy allows participants to save up to 40% on transportation costs by paying for mass transit and/or parking expenses with pretax dollars.
Company-sponsored outings
Revantage has quarterly paid office outings, as well as company-wide annual holiday parties and other events, for all employees.
Free snacks and drinks
Our fully-stocked kitchens offer free healthy snacks (beef jerky, cheese, vegetables, etc.), gourmet coffee machines, unlimited sparkling water, kombucha, cold brew and beer on tap.
Company-sponsored happy hours
Revantage has quarterly happy hours an provides in-office space for team happy hours.
Onsite office parking
Parking assistance available though Wage Works.
Relocation assistance
Fitness stipend
Onsite gym
Professional Development
Job training & conferences
Revantage offers several internal training & development programs: Team Leader Effectiveness Program, Foundations of Inclusiveness, the DEVELOP Portal, and the Blueprint Onboarding Program.
Tuition reimbursement
The Educational Assistance Program reimburses employees up to $5,250 per year for approved undergraduate and graduate courses taken as a part of a degree program..
Lunch and learns
Revantage has a monthly Lunch & Learn series called, "REACH," a program designed to promote better understanding of our business leaders.
Promote from within
Mentorship program
Revantage has the Champions Network mentorship program.
Continuing education stipend
Continuing education available during work hours
Online course subscriptions available
Customized development tracks
Paid industry certifications
The License and Certification Program reimburses employees for 100% of the cost for license and certification exams after all parts of the exam have been successfully passed.

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