Senior Director, Insurance Optimization Services – Health & Welfare (H&W) Project Manager at Alvarez & Marsal Holdings, LLC in Chicago, Illinois

Job Description:

Description

Senior Director, Insurance Optimization Services - Health & Welfare (H&W) Project Manager

Alvarez & Marsal is seeking to expand its Insurance Optimization Services (IOS) team in the U.S. with a Senior Director or Director to lead client projects.

About Us:

Alvarez & Marsal is a leading global professional services firm that provides advisory, business performance improvement, and turnaround management services. A&M continues to be privately held since its founding in 1983. A&M's leadership is about bias towards action and the willingness to tell clients what we think is needed. These are the core differences that distinguish us from other management consulting firms. Our senior leaders and their teams help organizations transform operations, catapult growth, and accelerate results through decisive action.

You are:

A respected leader and a trusted advisor to clients within the insurance industry. You are excited to leverage your experience to transform and optimize insurance products for our clients to drive growth and profitability via continuous innovation.

The Director/Senior Director will have insurance industry experience and/or a consulting background in the insurance industry and will specialize in helping execute business strategy through implementation. If you have a passion for tackling complex, heart-of-the-business issues, A&M will provide a challenging environment in which to apply and grow your skills. The candidate will provide technical project management, business process redesign, analytical support, and strategic services in a C-suite advisory/consulting environment.

Professional Experience:

• Extensive insurance experience (10-15+ years) either as a practitioner with a (re)insurer or as a consultant to the insurance industry


• Prior experience with a preference for significant experience as a benefits manager or consultant providing similar services


• Improving the performance in a Health & Welfare (H&W) department, reducing total cost of risk, determining appropriate levels of coverage/cost, and working with alternative risk transfer structures such as captives or capital markets


• Review experience with a broad spectrum of Health & Welfare (H&W) coverages, including workers compensation, liability, and directors & officers


• 
  Health & Welfare (H&W) vendor performance management (brokers, TPAs, consultants)


• Familiarity with enterprise risk management (ERM) implementation and frameworks (ISO 3100, COSO)


• Experience utilizing risk tools (actuarial and benchmarking)


• Leading an organization through change


• Experience in leading projects in the insurance industry-specifically Health & Welfare (H&W)-in leading transformation change


• Direct responsibility for customer management, sales, and contract negotiations


• Emphasis on core insurance operations (distribution/claims/policy management/underwriting) and performance/process improvement


• Deep analytical skills


• Significant experience in large-scale transactions


• Experience managing vendor performance (brokers, third-party administrators, actuaries, and other consultants)


• Licensed Broker/Advisor, MBA preferred, but not mandatory

Specific responsibilities will include:

• Lead project management of complex projects and work streams, including the management of staff practitioners


• Support clients' most strategic business transformation projects, including assessments, analysis and business case development, RFP development and compensation and networking, process redesign, program implementation, and change management


• Client relationship management and engagement leadership


• Strong insurance marketplace relationships


• Flexibility with respect to travel

Professional Skills:

• Strong written, oral, and analytical skills


• Initiative and drive


• Critical thinking skills


• Ability to develop findings and make strategic recommendations


• Strong Excel and PowerPoint skills


• Structured project management (time, team, and workstream management)


• Ability to deliver time-pressured projects on time and with quality


• Flexible and creative thinking


• Client relationship building


• Ability to identify key operational performance drivers and flexibility to support clients with a broad array of issues

Qualifications:

• Bachelor's degree in insurance/property casualty/benefits/risk management, business administration, or other relevant degree with a preference for advanced education including MBA, JD, or other


• Fifteen years of previous related Health & Welfare (H&W), insurance brokerage, underwriting, and coverage or consulting licensed broker/advisor, CPA, or MBA preferred, but not mandatory


• Strong insurance marketplace relationships


• Flexibility with respect to travel

Travel and Hybrid Working:

Roles at A&M may involve travel for project needs, training, internal meetings, and other opportunities. We also offer hybrid working opportunities that may vary by country and/or region.

Compensation Statement:

The salary range is $150,000 - $250,000 annually, dependent on several variables, including but not limited to education, experience, skills, and geography. In addition, A&M offers a discretionary bonus program that is based on a number of factors, including individual and firm performance. Please ask your recruiter for details.

Regular employees working 30 or more hours per week are also entitled to participate in Alvarez & Marsal Holdings' fringe benefits, consisting of healthcare plans, flexible spending and savings accounts, life, AD&D, and disability coverages at rates determined from time to time, as well as a 401(k) retirement plan. Provided the eligibility requirements are met, employees will also receive a discretionary contribution to their 401(k) from Alvarez & Marsal. Additionally, employees are eligible for paid time off, including vacation, personal days, seventy-two (72) hours of sick time (prorated for part-time employees), ten federal holidays, one floating holiday, and parental leave. The amount of vacation and personal days available varies based on tenure and role type. Click here for more information regarding A&M's benefits programs.

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