Manager, Builders Risk & Construction Insurance

Revantage, a Blackstone Real Estate portfolio company, is a global provider of corporate services.

With a corporate purpose of ‘In Pursuit of Better,’ Revantage delivers value-added services and world-class talent for Blackstone Real Estate portfolio companies, spanning diverse asset classes, including residential, logistics, office, hospitality and retail sectors. Headquartered in Chicago, the company’s footprint extends across North America, Europe and Asia Pacific.

Rooted in a commitment to collaboration and inclusivity, Revantage goes beyond traditional corporate services and acts as a trusted partner. Across offerings that include finance, technology, human resources and operations, Revantage proactively anticipates stakeholder needs, recruits exceptional talent and enables its business partners to thrive.

What We Value: Our Culture

Our people are our most important asset, enabling Blackstone portfolio companies and investments to scale and thrive. Together, we foster a workplace where everyone can be themselves, enabling them to do their best work.​

At Revantage, we have exceptional people who live our values and help us pursue better every day. We offer dynamic and meaningful work, competitive compensation, benefits and flexibility. We listen and take action to ensure our organization evolves to reflect our employees’ voices and support an inclusive culture.

Our demonstrated commitment to our people and collaborative culture have earned us numerous awards as a top employer.

Our culture is built on our shared core values and commitment to be:

• Learners – We learn from our challenges and successes
• Leaders – We commit to continuous improvement
• Enthusiasts – We face challenges with optimism and believe anything is possible
• Achievers – We expect high standards for ourselves and enable the success of our teams
• Partners – We deliver value and positive impact to our partners

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Grow your career with us. As a member of our team, you'll gain hands-on experience in the real estate industry and benefit from a supportive environment that fosters personal and professional growth.

WHY THIS ROLE IS VALUABLE

We are looking for an ambitious Manager/Sr. Manager to join our Global Risk and Insurance team. The team member is responsible for identifying, evaluating, and analyzing builders risk, construction, surety and pollution 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 respective insurance programs efficiently. They will track and review the insurance policies held by the company and affiliates and support renewal process annually.

RESPONSIBILITIES

• Support the creation of robust Builders Risk, Construction, Pollution and Bond 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 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 program 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.

• 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 builders risk and 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.

WHAT YOU BRING TO THE ROLE

REQUIREMENTS:

• Bachelor’s degree in Risk Management, Accounting, (Computational/Quantitative) Finance, Economics or related field required

• 5-7 years overall risk experience, specific experience with builders risk, construction and insurance bonds is a requirement

• Experience with Pollution Liability is preferred, but not required

• 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

Base Compensation Range:

Total Direct Compensation:  This job is also eligible for discretionary bonus and incentive compensation on an annual basis.

Please review the job applicant privacy notice here.

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

Revantage 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]