About The Role

The Senior Director contributes to FTI's growing insurance risk management advisory team's client service delivery. The Senior Director will be an integral part of the team, working directly with clients and their leadership, while engaging with large and complex risk profiles, private equity firms, and cross-functional FTI teams. The Senior Director will leverage his/her risk management contacts, industry expertise and overall network to source new opportunities and expand the Global Insurance Services practice revenue base. The Senior Director will work across all lines of commercial insurance coverage, while assisting on building the practice and identifies new areas to expand RMA's services. This position reports to a Senior Managing Director based in New York.

What You'll Do

• Actively engages in business development opportunities, both internal and external
• Manages and oversees RMA projects and support staff to ensure deadlines, client deliverables and budgets are met
• Effectively pitch new products or solutions to existing and prospective clients and internal practices
• Manages all aspects of client corporate insurance programs by compiling and analyzing the insurance needs of clients to provide optimum coverage, costs, and claim settlements
• Collects, classifies, analyzes, benchmarks, and interprets data from multiple sources such as audits, claims, exposures, policies, renewals, and financial reports to identify issues and trends
• Compiles, analyzes, and presents data for commercial coverage placement, administering claims, handling loss forecasting, risk management budgeting and allocations, and loss mitigation and reduction efforts
• Coordinates ongoing client commercial insurance renewals providing input, renewal options, and binding communication with clients, brokers, and practice team members
• Supports client loss prevention, property engineering, and safety initiatives
• Contributes to the implementation of new risk policies, practices, appetites, and solutions to ensure holistic understanding and management of risks according to industry best practice.
• Provides oversight of risk through documentation review, assessment of performance monitoring, model validation, and use implementation to identify, assess, aggregate, and mitigate risk events
• Assists in the preparation of client presentations and reports and communicates the results of the same to client leadership
• Interacts with client brokers and vendors to facilitate the delivery of critical data and information
• Supports the due diligence and integration activities of merger and acquisition, carveout, and integration of client insurance programs
• Collaborates with cross-functional client services teams
• Assist in the evaluation, selection, transition, and onboarding of client insurance vendors, such as brokers, third-party administrators, actuarial, captive, RMIS, and loss control providers
• Practice Support
  
  • Support practice file retention and organization on the share drive and hard copy files
  • Assists in the development of marketing collateral, pitch materials and thought leadership papers

How You'll Grow

FTI Consulting provides the opportunity for a motivated professional to work in a leveraged, team-based model of diversely skilled, intelligent, and successful individuals. Team members regularly exceed expectations and are recognized accordingly through promotion, compensation, public recognition and positive feedback. You will have the opportunity to change business models and the chance to make a real impact.

What You Will Need To Succeed

Basic Qualifications

• This role requires travel to clients and FTI offices
• 10+ years of commercial risk management advisory experience
• 5+ years of proven leadership

Preferred Qualifications

• Must be personable and able to work in a collaborative manner with practice members
• Detail oriented, with strong organizational and time management skills
• Bachelor's degree in insurance, risk management, or actuarial science
• Excellent verbal and written communication skills and strong analytical skills
• Proficiency in computer applications, especially Microsoft Office Suite of PowerPoint, Excel, Word, and Outlook

Competencies

The Senior Director should have an advanced level of competency in the following with an attitude of being a lifelong learner in the field of risk management, insurance, and business:

• Risk Management Operations Knowledge of risk management functions, processes, partners, quality control, costs, and other techniques for maximizing the effective delivery of services.
• Organizing, Planning, and Prioritizing Work Developing specific goals and plans to prioritize, organize, and accomplish your work.
• Gathering Information Observing, receiving, and otherwise obtaining information from relevant sources.
• Documenting/Recording Information Entering, recording, storing, and maintaining information in written and electronic form.
• Analyzing Data or Information Identifying the underlying principles, reasons, and facts of information and analyzing the same.
• Making Decisions and Solving Problems Analyzing information and evaluating results to choose the best solution and solve problems.
• Deductive Reasoning The ability to apply general rules to specific problems to produce answers that make sense.
• Critical Thinking Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, and approaches to problems.
• Judgment and Decision Making Considering the relative costs and benefits of potential actions to choose the most appropriate one.
• Communicating with Internal and External Partners Providing information to partners within and outside the organization by telephone, in written form, e-mail, and in person.
• Establishing and Maintaining Interpersonal Relationships Developing and maintaining cooperative working relationships with others.
• Client and Personal Service Knowledge of principles and processes for providing client and personal services. This includes meeting quality standards for services and evaluating client satisfaction.

Compensation

Minimum Pay: $119,500
Maximum Pay: $329,500

Compensation Disclosure: The compensation range reflects potential base salary for the role. Actual compensation is determined based on a wide array of relevant factors including market considerations, business needs, and an individual's location, skills, level of experience, and qualifications.