The Goldman Sachs Group, Inc

Corporate Planning & Management, Corporate Insurance & Advisory, Vice President, Dallas

The Goldman Sachs Group, Inc$160K — $200K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 10+ years of experience in corporate risk management or insurance brokerage.
  • Bachelor's degree required; CPCU or ARM designation is a plus.
  • Experience in identifying operational risk issues and insurance mitigation strategies.
  • Prior management and training experience is essential.
  • Strong organizational skills with a high degree of adaptability in a dynamic environment.
  • Global financial institution or asset management firm experience preferred.
  • Strategic thinker who challenges the status quo regarding insurance products.
  • Strong interpersonal skills for effective collaboration and influence.
  • Excellent verbal and written communication skills for presenting to senior stakeholders.
  • Insurance captive experience is a plus.
  • Ability to lead and drive outcomes in diverse teams.
  • Intellectually curious with a desire to learn about various company areas.
  • Ability to thrive in a fast-paced environment and willingness to travel occasionally.

Responsibilities

  • Lead the global property and casualty real estate insurance programs.
  • Oversee the administration of insurance programs and participate in renewal processes.
  • Collect and analyze underwriting information, ensuring appropriate coverage placement.
  • Identify and quantify exposures while delivering effective insurance solutions.
  • Negotiate terms and conditions with insurers, ensuring comprehensive coverage.
  • Monitor insurance claims performance and advocate for resolution.
  • Ensure compliance with contractual and regulatory insurance requirements.
  • Conduct comprehensive insurance diligence and adequacy reviews.
  • Collaborate with operational risk teams on hypothetical claims scenarios.
  • Advise stakeholders on insurance due diligence for new investments.
  • Manage insurance budgeting, including premium and broker fee forecasts.
  • Support vendor management and KPI reviews.

Benefits

  • Opportunity to lead and influence the firm's global insurance strategy.
  • Dynamic work environment suited for strategic thinkers.
  • Collaboration with high-level internal stakeholders and external partners.
  • Career growth and advancement opportunities within a major financial institution.
  • Potential for involvement in innovative insurance product strategies.
Full Job Description
Job Description

Goldman Sachs & Co. LLC.

Corporate Insurance & Advisory

Vice President - Corporate Insurance Risk Manager (Dallas)

Corporate Insurance & Advisory manages the Firm's global commercial insurance needs and advises its investing businesses on insurance-related risk. The team identifies operational exposures, structures risk-transfer solutions and provides insurance diligence and advisory support across the Firm.

The team is seeking an experienced Risk Manager with broad commercial insurance expertise across property, casualty, financial lines, and marine products to help lead the Firm's global insurance strategy.

Candidate should have a strong acumen in insurance and/or risk management to assist in identifying and executing the firm's insurance strategy. Ability to demonstrate advance insurance knowledge applicable across firm's global financial and advisory business, including across real estate, and commodities activities.

RESPONSIBILITIES
  • Lead the Firm's global property and casualty real estate insurance programs, including coverage and program structure analysis, rate analysis, renewals, marketing activities, and recommendations to stakeholders.
  • Oversight and administration of insurance programs. Participate in annual renewal process including, but not limited to review of underwriting data, portfolio structural analysis, catastrophic modeling, carrier discussions, review of quotations and approval of premium allocation schedules
  • Collection and analysis of underwriting information, placement of appropriate coverage, review of binders, endorsements, and premium invoices.
  • Identify and quantify exposures, recommend and deliver insurance solutions.
  • Ensure accuracy of terms and conditions and adequacy of insurance. Negotiate with insurers in conjunction with brokers.
  • Oversee insurance claim portfolio performance, provide claims advocacy, drive resolution
  • Ensure firm's insurance contractual and regulatory requirements are met.
  • Conduct insurance diligence reviews consisting of contractual reviews, insurance adequacy reviews (lease agreement, construction agreement, events, various procurement)
  • Experience with global insurance program structures; local regulations requirements and restrictions
  • Experience with risk and catastrophic risk modeling analysis
  • Collaborate with the global operational risk team to evaluate the firm's operational risks and new activities to work through hypothetical claims scenarios and expected insurance response
  • Monitor litigation landscape and external claim trends to work with the broader insurance team and brokers to advise on policy contract enhancements
  • Advise deal and investing desks on insurance due diligence, perform contract reviews for new investments and business activities
  • Manage insurance budgeting and forecasting of insurance premiums, broker fees and costs.
  • Complete insurance allocations/insurance budgets and coordinate global invoicing.
  • Support internal requirements for vendor management, KPI reviews, RFP's
  • Ability to collaborate with internal teams, stakeholders, firm leadership, and external partners
  • Communicate effectively with internal stakeholders to ensure alignment of business and risk strategies are aligned.
  • Lead department projects and initiatives


QUALIFICATIONS
  • 10+ years of experience in corporate risk management, insurance brokerage, or an insurance company.
  • Bachelor's degree required, CPCU, ARM designation a plus
  • Ability to identify and synthesize operational risk issues and insurance mitigation
  • Prior management and training experience
  • Strong organizational skills with experience working to deadlines in a highly dynamic environment
  • Global financial institution / asset management firm experience preferred
  • Strategic thinker willing to challenge the status quo and think creatively about insurance products
  • Strong interpersonal skills, including ability to collaborate with and influence colleagues and external insurance stakeholders
  • Excellent verbal and written communication skills, including ability to present to senior stakeholders with impact and influence
  • Insurance captive experience a plus
  • Ability to lead and influence outcomes
  • Enthusiastic, intellectually curious and desire to understand the different areas of the firm
  • Ability to work in a fast-paced dynamic environment, with a strong delivery focus
  • Ability to periodically travel

About The Goldman Sachs Group, Inc

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Its Investment Banking segment offers financial advisory services, including advisory assignments concerning mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services comprising public offerings and private placements of a range of securities, loans, and other financial instruments, and derivative transactions. The company’s Institutional Client Services segment provides client execution services, such as fixed income, currency, and commodities client execution related to making markets in interest rate products, credit products, mortgages, currencies, and commodities; and equities related to making markets in equity products, as well as executes and clears institutional client transactions on stock, options, and futures exchanges. This segment also engages in the securities services business providing financing, securities lending, and other brokerage services to institutional clients, including hedge funds, mutual funds, pension funds, and foundations. Its Investing and Lending segment originates longer-term loans; and invests in debt securities, loans, public and private equity securities, real estate, consolidated investment entities, distressed assets, currencies, commodities, and power generation facilities. The company’s investment management segment provides investment products and services, as well as offers wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services.

The Goldman Sachs Group, Inc. Careers

Join the prestigious team at The Goldman Sachs Group, Inc., a global leader in finance and investments, and propel your career to new heights. Our firm is renowned for its commitment to excellence, innovation, and leadership in the financial sector.

Work You’ll Do

At Goldman Sachs, you will be part of a dynamic environment that fosters growth, diversity, and professional development. Engage in transformative projects that redefine the landscape of global finance, driven by a culture of high performance and continuous improvement.

Lead with Innovation and Leadership

Step into a role where your skills will be honed and your leadership capabilities enhanced. The Goldman Sachs Group, Inc. is at the forefront of merging financial expertise with technological innovation, creating a platform for you to lead impactful initiatives.

Join Our Diverse and Inclusive Team

Diversity and inclusion are at the core of our company culture. With employees from various backgrounds, Goldman Sachs thrives on the rich ideas and perspectives that this diversity brings. Here, every team member’s contribution is valued, and every voice is heard.

Explore Job Opportunities and Internships

Whether you’re seeking full-time employment or looking into internship opportunities, Goldman Sachs offers a range of positions that cater to different skills, experiences, and career aspirations. From analyst to executive positions, discover how you can contribute to our legacy of success.

Networking and Professional Growth

Goldman Sachs is not just a workplace. It is a community where you can build lasting relationships with colleagues and industry leaders. Our networking events, mentorship programs, and professional groups foster connections that can accelerate your career trajectory.

Benefits and Career Development

Invest in your future with Goldman Sachs’ unparalleled employee benefits and career development programs. From comprehensive health benefits to personalized career coaching and leadership training, we ensure that our team is equipped for success, both professionally and personally.

Prepare for Your Future

Ready to take the next step? Prepare your resume, sharpen your interview skills, and explore the vast array of job opportunities at The Goldman Sachs Group, Inc. Our hiring process is designed to identify and nurture talent, helping you to achieve your career goals.

Stay Connected

Keep up to date with the latest from Goldman Sachs Careers by subscribing to our job alert emails. Tailor your preferences to receive updates that match your career interests and stay ahead in the competitive financial sector.

Join The Goldman Sachs Group, Inc.

Embark on a rewarding journey with The Goldman Sachs Group, Inc. where your potential is limitless. Explore positions, read about our company culture, and apply today to become part of a team that values growth, leadership, and innovation.

SEARCH GOLDMAN SACHS JOBS

READ CAREERS BLOG

At The Goldman Sachs Group, Inc., your career is just the beginning – it’s an opportunity to excel and lead in the global financial industry. Join us and make your mark!
Learn more about The Goldman Sachs Group, Inc
Size
45,100 employees
Market Cap
$115.8 billion
Industry
Net Income
$9.4 billion
Founded
1869
5 Year Trend
+11.3%
Revenue
$53.4 billion
NASDAQ

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