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Director, Insurance & Risk Advisory Services

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Location: Greenwich, CT, United States
Date Posted: Sep 24, 2023

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Alvarez & Marsal - Private Equity Performance Improvement

Director, Insurance & Risk Advisory Services

Alvarez & Marsal is seeking to expand its Insurance and Risk Advisory Services (IRAS) team in the Northeastern U.S. with a Director / Senior Director, based upon qualifications and experience, to be focused on serving the insurance and private equity marketplace.

About Us

Alvarez & Marsal (A&M) is a leading global professional services firm that provides advisory, business performance improvement and turnaround management services.  A&M continues to be privately held since its founding in 1983.  A&M’s leadership is about bias towards action and the willingness to tell clients what we think is needed.  Our restructuring heritage sharpens our ability to act decisively. Clients select us for our deep expertise and ability to create and deliver practical, rather than theoretical, solutions to their unique problems in addition to our independence/objectivity. These are the core differences that distinguish us from other management consulting firms.  With over 7,000 people across five continents, we deliver tangible results for corporates, boards, private equity firms, law firms and government agencies facing complex challenges. Our senior leaders and their teams help organizations transform operations, catapult growth, and accelerate results through decisive action.

Insurance & Risk Advisory Services (IRAS) is internally aligned with A&M Private Equity Performance Improvement Services (PEPI) practice.  IRAS provides insurance industry advisory and risk management advisory services.  IRAS insurance industry advisory serves the insurance industry vertical with finance, strategy and operations consulting for insurance companies, brokers, and intermediaries.  IRAS risk management advisory services all industries, with an emphasis on serving the private equity marketplace, with risk management and insurable risk management solutions. 


Our insurance practice operates with highly experienced teams who are accustomed to solving complex problems and delivering rapid results. Unlike other advisors, A&M brings the proven capability and experience to develop and implement solutions in support of business transformations.

Insurance Strategy & Transformation solution professionals provide the following services:

  • Strategy: Formulate strategy, design target operating models, de-risk execution
  • Transformation: Design and implement large scale complex transformation programs that generate sustainable outcomes
  • Value creation: Identify financially impactful strategies to increase enterprise value through optimization of product, process, organization, and technology.
  • Transaction support: Provide an integrated approach that focuses on key value drivers for sponsors in the areas of:
    • Due diligence
    • 100-day plans
    • Merger Integration
    • Carve-out / Divesture
    • Stand-up Operations

This candidate will have consulting experience to the insurance industry and will specialize in transactional support and strategic process improvement. If you have a passion for tackling complex, heart of the business issues, A&M will provide a challenging environment in which to apply and grow your skills. The candidate will provide technical project management, business process redesign, analytical support, and strategic services in a C-suite advisory / consulting environment.  


  • Lead projects and client engagements that focus on large-scale complex transformations
  • Advise clients by analyzing corporate challenges, driving cost reductions, revenue growth and profitability improvement
  • Assist clients to develop and deploy target operating model plans including strategy development, business functions analyses, change management, and program execution
  • Support transformation projects including risks, issue analysis and business case development, process redesign, technical and functional requirements design assistance, user experience enhancement, and program and change management
  • Develop complex business improvement plans and lead all projects independently
  • Deliver on private equity focused initiatives (interim management, strategic planning, capital management, business transformation, performance improvement)
  • Develop financial analyses, scenarios to determine key business drivers that will have the most impact on business performance
  • Proactively manage client’s expectations, anticipate project risks, obstacles, and develop contingency plans
  • Assign appropriate resources, remove barriers, and monitor project outcomes
  • Identify and pursue opportunities in the market and lead team to deliver required services on project engagements
  • Collaborate with IRAS leadership and support business development activities
  • Contribute to sales pursuits by generating new client business and/or adding on business from current client
  • Manage and develop client relationships for long term opportunities.


  • Recognized as an expert in the insurance performance improvement area, bringing to bear their skills and experience to create measurable, improved outcomes for our clients
  • Extensive insurance experience (12+ years) as a consultant to the insurance industry
  • Strong insurance marketplace relationships
  • Industry experience with (Re)insurance, brokerage, Property & Casualty, or Life & Annuities
  • Track record of success leading complex performance improvement projects
  • Emphasis on core Insurance operations (claims / policy management / underwriting) and performance / process improvement, leveraging deep analytical skills
  • Experience in process modeling, target operating models, and leading transformation change
  • Excellent interpersonal and communication skills including the ability to articulate to senior members of target management, client representatives and colleagues
  • Strong project management skills
  • Flexibility to work as both a team member in a collaborative setting and as an individual contributor
  • Ability to thrive and be effective in fast-paced settings
  • Self-motivated and effective in a fast-paced culture
  • Ability and willingness to travel
  • High proficiency in Excel and PowerPoint
  • Bachelor’s Degree in Insurance, Business Administration, or other relevant degree with a preference for advanced education including MBA, JD or other


Diversity & Inclusion

A&M’s entrepreneurial culture celebrates independent thinkers and doers who can positively impact our clients and shape our industry. The collaborative environment and engaging work—guided by A&M’s core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity—are the main reasons our people love working at A&M. Inclusive Diversity means we embrace diversity, and we foster inclusiveness, encouraging everyone to bring their whole self to work each day. It runs through how we recruit, develop employees, conduct business, support clients, and partner with vendors. It is the A&M way.

Equal Opportunity Employer

It is Alvarez & Marsal’s practice to provide and promote equal opportunity in employment, compensation, and other terms and conditions of employment without discrimination because of race, color, creed, religion, national origin, ancestry, citizenship status, sex or gender, gender identity or gender expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, family medical history, genetic information or other protected medical condition, political affiliation, or any other characteristic protected by and in accordance with applicable laws. Employees and Applicants can find A&M policy statements and additional information by region here.

Unsolicited Resumes from Third-Party Recruiters

Please note that as per A&M policy, we do not accept unsolicited resumes from third-party recruiters unless such recruiters are engaged to provide candidates for a specified opening and in alignment with our Inclusive Diversity values. Any employment agency, person or entity that submits an unsolicited resume does so with the understanding that A&M will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency, person or entity.

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