Senior Associate, Insurance Management

Welling Young, LLC has partnered with a leading Private Equity Advisory firm seeking a Senior Associate for their Insurance Management division. As a Senior Associate, you will support the SVP for North America Brokerage, the VP of Europe Brokerage, and VP of Operations for the Insurance Management Department in overseeing property and casualty and executive liability insurance placements for companies owned as Fund investments; 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 Responsibilities: 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 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 by benchmarking operating companies against each other and against peers in their respective industries; Supporting the SVP for North America Brokerage and the VIP of Europe Brokerage and the VP of Europe Brokerage in the due diligence of prospective investments, as needed. Reviewing and proposing changes to the insurance requirements, loss limitation, and indemnification sections of contracts involving operating companies. Required: 5-10+ years of work experience in the insurance industry performing insurance transactions in a professional capacity either for an insurance brokerage firm servicing commercial clients 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; Hands-on experience managing retail and/or wholesale insurance brokers on the marketing and placement of commercial insurance policies; #J-18808-Ljbffr Welling Young, LLC