Director, Global Risk Finance

ABOUT GREYSTAR

Greystar is a leading, fully integrated global real estate platform offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing. Headquartered in Charleston, South Carolina, Greystar manages and operates over $350 billion of real estate in more than 260 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, managing over one million units/beds globally. Across its platforms, Greystar has nearly $79 billion of assets under management, including over $34 billion of development assets and over $36.5 billion of regulatory assets under management. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business. To learn more, visit www.greystar.com.

JOB DESCRIPTION SUMMARY

This role is responsible for leading the financial management and stewardship of Greystar’s enterprise insurance and risk financing programs. At the center of this role is Greystar’s captive insurance company, which covers property, casualty, health and benefits, and international risks. The Director sits at the intersection of insurance, finance, and governance, serving as the primary voice of the captive across Accounting, Tax, Treasury, FP&A, the C-suite, and the Board. The role may include one or more direct reports.

JOB DESCRIPTION

KEY RESPONSIBILITIES:

Captive Management & Governance

• Serve as the primary day-to-day interface with the captive manager, captive auditors, and captive actuaries. Direct their work, hold them accountable for deliverables and timelines, and manage relationships.
• Serve the captive board of directors by preparing board materials, presenting financial and program results, and supporting governance, regulatory, and domicile compliance across all jurisdictions.
• Oversee captive operations across property, casualty, health and benefits, and international, including policy issuance, premium allocations, reinsurance, claims funding, and regulatory filings.
• Partner with Legal, Tax, Finance, and Accounting on captive structure, capitalization, dividend policy, domicile strategy, and the tax treatment of captive and intercompany insurance transactions, including premium taxes, deductibility, and transfer pricing.

Accounting, Financial Reporting & Audit

• Own captive accounting and financial reporting, including premium earning, loss and loss adjustment expense reserves, unearned premium, ceded reinsurance, investment income, and statutory and GAAP financial statements, in coordination with the captive manager and Greystar Accounting and Finance.
• Own the cash flow forecast for risk financing, including premium payments, claims funding, loss fund and deductible reimbursements, collateral and letters of credit, reinsurance settlements, and capital contributions and distributions.
• Lead the captive audit process and the review of actuarial reserve opinions. Challenge assumptions and resolve audit findings.
• Partner on month-end, quarter-end, and year-end close, including reserve true-ups, intercompany entries between the captive and operating entities, and consolidation.
• Oversee the accounting for all enterprise insurance programs, whether placed in the captive, fronted, or placed in the commercial market, including premium accruals and amortization, prepaid insurance, loss and reserve accruals, and recoveries.

Loss Forecasting, Solvency & Escalation

• Own loss forecasting and reserve analysis for the captive and alternative risk transfer programs. Work with actuaries to develop, challenge, and interpret projections, and understand the drivers of reserve movements.
• Monitor capital adequacy, liquidity, and financial solvency of the captive and all alternative risk programs. Establish early-warning indicators and escalate emerging concerns to senior leadership in a timely, transparent way.

Alternative Risk Transfer (ART) Financial Modeling

• Build and maintain multi-year financial models that evaluate ART structures and retention strategies, including captive-funded retentions, fronted programs, quota share and excess reinsurance, structured and finite arrangements, and parametric solutions where applicable.
• Run scenario, stress, and sensitivity analysis on limits, retentions, loss development, market pricing, investment returns, and capital requirements. Quantify the impact on total cost of risk, earnings volatility, capital, and cash flow.
• Use these models to inform policy strategy, captive capitalization, risk appetite and tolerance, and decisions to expand, restructure, or add coverage lines, including build-versus-buy.
• Partner with internal and external stakeholders to test structures and benchmark program design against the commercial market.

Enterprise Insurance FP&A

• Own the financial planning, budgeting, and forecasting process for all enterprise insurance programs, including property, casualty, management liability, cyber, international, and alternative risk programs.
• Develop and maintain the annual budget and rolling forecast for total cost of risk, including premiums, retained losses, deductibles and self-insured retentions, claims expense, broker and carrier fees, taxes and surcharges, and collateral and letter of credit costs. Explain variances to plan and recommend corrective actions.
• Lead the allocation of insurance and risk costs to business units, properties, funds, and investment vehicles. Maintain defensible methodologies that reflect exposure, loss experience, and investor and partnership agreements, and support investor reporting and audit inquiries.

BASIC KNOWLEDGE & QUALIFICATIONS:

• Bachelor’s degree in Finance, Accounting, Risk Management, Actuarial Science, Business, or a related field.
• 7+ years of progressive experience in insurance, risk finance, captive management, or related financial services, including significant hands-on captive experience.
• Exceptional communication skills, with the ability to present complex financial and insurance topics to executives and board members with credibility and poise, and to manage external partners (brokers, captive managers, auditors, and actuaries).
• Preferred: Advanced degree (MBA, MS) and/or professional designations such as CPA, CPCU, ARM, ARM-E, CAPM, CFA, or ACAS/FCAS.
• Preferred: Experience leading teams and managing complex stakeholder relationships.
• Preferred: Background in real estate, hospitality, or other asset-intensive industries.

 

SPECIALIZED SKILLS:

• Strong working knowledge of captive accounting (statutory and GAAP), reserving, regulatory requirements, and solvency monitoring, with insurance FP&A experience (budgeting, forecasting, and cost allocation) across multiple program types.
• Demonstrated experience building financial models for ART, retention, and captive capitalization decisions.
• Experience with cash flow forecasting and liquidity management.
• Advanced proficiency in Excel and financial modeling. Experience with risk management information systems is a plus.
• Preferred: Experience with multi-domicile or international captive structures and global insurance programs.
• Preferred: Prior experience serving on or supporting a captive board.

TRAVEL / PHYSICAL DEMANDS:

• Team members work in an office or remote work environment. No special physical demands are required.
• Rare or occasional travel may be required to attend business meetings, training programs, or other situations necessary for the accomplishment of some or all of the daily responsibilities of this position.

The Salary Range for this Position is $160,000 - $180,000 USD Annually.

#LI-BB1

Additional Compensation:

Many factors go into determining employee pay within the posted range including business requirements, prior experience, current skills and geographical location.

• Corporate Positions: In addition to the base salary, this role may be eligible to participate in a quarterly or annual bonus program based on individual and company performance.
• Onsite Property Positions: In addition to the base salary, this role may be eligible to participate in weekly, monthly, and/or quarterly bonus programs.

Robust Benefits Offered*:

• Competitive Medical, Dental, Vision, and Disability & Life insurance benefits. Low (free basic) employee Medical costs for employee-only coverage.
• Generous Paid Time off. All new hires start with 15 days of vacation, 4 personal days, 10 sick days, and 11 paid holidays. Plus your birthday off after 1 year of service! Additional vacation accrued with tenure.
• For onsite team members, onsite housing discount at Greystar-managed communities are available subject to discount and unit availability.
• 6-Week Paid Sabbatical after 10 years of service (and every 5 years thereafter).
• 401(k) with Company Match up to 6% of pay after 6 months of service.
• Paid Parental Leave and lifetime Fertility Benefit reimbursement up to $10,000 (includes adoption or surrogacy).
• Employee Assistance Program.
• Critical Illness, Accident, Hospital Indemnity, Pet Insurance and Legal Plans.
• Charitable giving program and benefits.

*Benefits offered for full-time employees. For Union and Prevailing Wage roles, compensation and benefits may vary from the listed information above due to Collective Bargaining Agreements and/or local governing authority.

Greystar will consider for employment qualified applicants with arrest and conviction records.

Greystar is an equal opportunity employer and does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy, sexual orientation, and gender identity), national origin, age, disability, genetic information, military or veteran status, or any other characteristic protected by applicable law.

Important Notice: Greystar will never request your banking details or other sensitive personal information during the interview process. Greystar does not conduct any interviews via text or messaging, and all communication will come from official Greystar email addresses (@greystar.com). If you receive suspicious requests, please report them immediately to [email protected].