The Position: CRS provides the candidate challenging work and positive growth opportunities in a boutique firm, that serves top decision-makers at some of the largest and most complex investment firms and corporations in the world. The candidate would be supporting the professionals within the following fields, and would have direct working relationships with all professionals in the firm:
Transaction Services, M&A and Special Project Engagements:
•Manage the launch of new diligence campaigns by coordinating the collection of risk management data from data sites and assessing the integrity of existing risk finance programs;
•Work closely with other members of CRS clients’ finance, legal, and human resource working parties to be certain that all data is received and to work with the target or their investment advisor missing elements or other clarification as needed;
•Analyze historical insurance policies for coverage deficiencies, adequacy of limits, insurer solvency; provide general comments on specific elements potentially impacting transaction value or post-close cost of risk and create budgetary guidelines to the client as to total cost of risk including any collateral requirements;
•Review historical expenses and loss accruals with other members of the finance and accounting team to identify any earnings issues;
•Analyze “critical flaws” potentially impacting the transaction and work closely with CRS client legal team on coverage or contractual risk management issues that need to be contemplated in the purchase agreement;
•Provide CRS actuarial partners with the data needed to review the reserve adequacy of self-insured or deductible accruals and provide direct access to the target’s claims personnel and third-party administrators;
•Identify any key challenges, hindrances, risk matters that may impact the profitability of the transaction or add-on acquisition and guide the client through such items prior to investment;
•Once a brokerage partner is appointed to assist with the diligence campaign, post-close budget any transactional risk finance products (D&O run-off, Reps & Warranties, Environmental, TaxIndemnities), the candidate will ensure that brokers have access to all diligence data and are able to provide confirmation on final post-close budget;
•Manage the issuance and circulation of all closing certificates, binders and endorsements from the brokers or insurers and confirm that credit agreement provisions are in compliance.
Annual Stewardship Engagements:
•Identify and analyze potential impact of exposures created by the basic operations of the client as well as those created through relationships with service providers, vendors and customers;
•Strategically manage company insurance and risk renewals, helping to manage the brokers, identify new coverage extensions and cost reductions, at the same time working collaboratively with and directing the deliverables of the key brokerage relationships, insurance underwriters, adjusters, TPAs, legal counsel and other advisors as needed;
•Review all contracts, leases, vendor and license agreements for compliance with established risk management and insurance requirements;
•Evaluate and negotiate insurance placement pricing, structure, deductibles, policy wording for allpolicies and service agreements and conduct cost benefit analysis of program alternatives;
•Analyze loss data and prepare monthly reserve accrual worksheets for finance and safety teams;
•Collaborate with CRS client legal, human resources, audit committee, claims management team and other relevant personnel in order to decide upon settlement strategies and other pertinent claim matters;