Senior Associate, Insurance Management

Position Summary: The purpose of this position is to support the Senior Vice President for North America Brokerage, the Vice President of Europe Brokerage, and Vice President of Operations for the Insurance Management Department ("Department") in overseeing property and casualty and executive liability insurance placements for companies owned as Fund investments ("operating companies"); collecting operating company policy information for the Department database; reporting the performance of operating company insurance programs and self-insured losses to asset management; and administering the general partnership liability, crime and cyber liability placements for the Company. Essential Functions:

• Oversee the marketing and placement of operating company directors and officer liability, employment practices liability, fiduciary/pension liability, crime, and cyber liability insurance to ensure policies meet or exceed Department standards.
• Consult with operating company management teams over the placement of workers compensation/employers liability, general liability, commercial auto, umbrella/excess liability, and environmental liability insurance policies.
• Coordinate and oversee due diligence reports on prospective acquisitions produced by broker partners by organizing and tracking documentation found in data rooms, working with internal underwriting teams to collect omitted information, and collaborating with broker partners on assessing coverage as well as projecting the cost of insurance and the amount of retained loss.
• Analyze data on loss history and exposures to assist the Department and the operating companies on the evaluation of loss-sensitive programs for workers compensation/employers liability, general liability, and auto liability coverage.
• Monitor collateral held by insurance companies for loss-sensitive insurance and surety bond programs.
• Collect insurance policy information, including limits, retentions, exposures, and premiums, for entry into the ClearSight database.
• Collaborate in the evaluation and integration of artificial intelligence (AI) tools into new and existing systems, processes, and departmental workflows.
• Assist in the preparation of risk review reports for asset management on each operating company, evaluating the performance of insurance programs and management of self-insurance by using key performance indicators and benchmarking operating companies against each other and against peers in their respective industries.
• Work with the SVP to manage relationships between the Company and the insurance brokerage firms providing services to operating companies.
• Support the SVP in the placement of the Company's general partnership liability, crime and cyber liability programs by compiling underwriting information, preparing submissions, and reviewing binders, policies and invoices.

Other responsibilities include but are not limited to:

• Support the SVP for North America Brokerage and the Vice President of Europe Brokerage in the due diligence of prospective investments, as needed.
• Support the Director of Litigation in tracking self-insured expenses on claims, lawsuits or claims involving operating companies that implicate the General Partnership Liability program.
• Review and propose changes to the insurance requirements, loss limitation, and indemnification sections of contracts involving operating companies.
• Process insurance-related invoices in the internal accounting system, perform premium allocations, and record related financial transactions in the RMIS.

Required Knowledge, Skills and Abilities:

• Knowledge of commercial insurance policies, including but not limited to a thorough understanding of common terms and conditions, the scope of coverage, and the process for underwriting and servicing such policies.
• Ability to create insurance submissions and develop marketing plans for various commercial insurance policies based on knowledge of the underwriting process, as well as an understanding of the underwriting preferences of major insurance companies.
• Hands‑on experience managing retail and/or wholesale insurance brokers on the marketing and placement of commercial insurance policies.
• Strong problem‑solving skills, with the ability to analyze and explain complex data through written and verbal presentations.
• Excellent written and verbal communication skills, with the ability to interact professionally with colleagues, business partners and service providers in a global setting.
• Flexibility to complete assignments requiring collaboration with individuals located in different time zones across the world.
• Strong analytical skills, with the ability to interpret complex insurance and financial data and communicate findings clearly.
• Strong attention to detail, with the ability to prioritize work and manage time in a deadline-driven environment.
• Dedication to working in a team environment where transparency and collaboration are highly valued.

Education: A bachelor's degree from an accredited university is required, with preference given to completion of or significant coursework toward one of the following:

• A degree in business, risk management, insurance, law, or accounting/finance.
• CPCU, CIC, CRM, or another equivalent designation.

Experience: - Five or more years of work experience in insurance, private equity or another professional services industry, performing insurance transactions in a professional capacity for an insurance brokerage firm servicing commercial clients, an insurance carrier, or a company's risk management/insurance department. Other Skills:

• Proficiency in Microsoft 365, particularly Excel, Word, PowerPoint, Teams, Outlook and Loop.
• Experience with, or the ability to use, risk management information systems (RMIS).

Work Environment:

• Collaborative, professional working environment with colleagues located in Dallas and London.
• Hybrid work schedule, with the majority of work performed in the office.
• This role generally requires long hours of more than 40 hours per week.

Travel Requirements: - Minimal travel is required, at less than 10%. Desired Organizational Competencies:

• Accountability: Demonstrates a commitment to and responsibility for accomplishing individual, team and business objectives.
• Drive: Consistently achieves challenging goals and objectives and demonstrates an ability to create value and maximize results.
• Planning: Identifies business needs, problems and risks proactively and develops well-founded plans that specify strategies, actions and solutions, risk mitigations, and desired results.
• Critical Thinking/Judgment: Commits to an action after developing alternative solutions based on logical assumptions and factual information that take resources, risks and organizational values into consideration.
• Adaptability: Exhibits the capacity to successfully change and evolve one's actions, opinions and behavior as a result of changing priorities or environments.
• Communication Skills: Proactively communicates through the appropriate medium, with clarity and focus at the right level, to ensure delivery has the appropriate impact.
• Influential Leadership: Leads with confidence and conviction and is able to establish credibility, trust and respect among team members.
• Teamwork: Fosters collaboration among team members and business partners and uses available capabilities to achieve team goals.

#J-18808-Ljbffr Hudson Advisors L.P.