Paul Boatman
Walnut Creek
Summary
Risk Management executive with over twenty-five (25) years’ experience in identifying, assessing, evaluating, treating and monitoring company-wide risks for various industries including entertainment, hospitality and real estate. Proven track record of protecting organizational value by mitigating identified risks and implementing appropriate risk financing strategies.
Overview
30
30
years of professional experience
1
1
Certification
Work History
Vice President of Risk Management
Prometheus Real Estate Group, Inc.
02.2014 - Current
- Lead risk management strategy for a real estate company with a cap value of over $5B.
- Advise C Suite on risk exposure, mitigation strategies, and emerging risk trends.
- Oversee Crisis Management planning and development, chairman of the Crisis Management team.
- Responsible for developing, implementing and leading safety and physical security initiatives.
- Partner with Legal in claims oversight and settlement.
- Assist IT in achieving and maintaining a desirable cybersecurity maturity rating.
- Develop and implement risk management standards, policies and procedures.
Director of Risk Management
Vail Resorts, Inc.
07.2009 - 01.2014
- Developed and implemented corporate risk management and insurance program for a publicly traded ski, retail and hospitality company.
- Responsible for assessing and identifying risks company-wide and determining the most appropriate risk transfer and financing structures as well as advising on loss prevention/mitigation techniques.
- Created the company’s first insurance captive which insured skiers’ season passes; served as an officer of the captive.
- Served on company’s Risk Management Steering Committee with a high-level group of executives and leaders guiding the company’s approach to risks, ensuring projects and initiatives align with business goals while identifying, assessing, and mitigating financial, operational, compliance, and strategic risks.
- Managed construction insurance programs for the company’s hospitality construction projects.
Senior Director – Risk Management
Hilton Hotels Corporation
06.2007 - 06.2009
- Developed & managed a hospitality company’s Global Property insurance program amassing to over $17 billion in total insured values & millions in annual premiums achieving a 27% cost reduction.
- Responsible for company’s insurance captive financial reporting; served as an officer of the captive
- Provided recommendations for hotel owners & internal clients for identifying, analyzing & quantifying operating risks.
- Provided oversight into property & crime losses while working with internal personnel, property owners, adjusters, insurers, brokers & accountants to ensure appropriate claim settlement
- Implemented policies, procedures, and training programs to strengthen risk awareness culture.
- Ensured hotel management, vendors and concessionaire agreements appropriately protected company against contractual risks.
Manager – Risk Advisory
KPMG
09.2002 - 04.2007
- Performed advisory work for clients in multiple industries. Advisory work included: (1) risk identification & analysis, (2) risk financing (including captive feasibility and implementation), (3) evaluation, review & design of insurance programs, (4) review of risk management information systems (5) development of standard contractual insurance guidelines & procedures & (6) supervision of insurance brokers & third-party administrators.
- Conducted underwriting branch reviews throughout the U.S., Canada & Bermuda for several global insurance/reinsurance companies.
- Managed from Zurich, Switzerland, a global staff of 6 teams to bring a multi-billion dollar insurance company’s underwriting division into Sarbanes-Oxley compliance
- Conducted underwriting branch reviews throughout the U.S., Canada & Bermuda for several global insurance/reinsurance companies.
- Developed a business interruption exposure analysis procedure for a major international airport
- Reviewed, analyzed & made recommendations for the largest Owner Controlled Insurance Program in the nation
- Created & executed an internal ceded reinsurance audit plan for two global insurance companies; covering contract placement, premiums & claims, risk transfer, collection of recoverables & monitoring activities
Account Executive
McCart Insurance and Risk Management
01.2001 - 01.2002
Risk Analyst
Joseph E. Seagram & Sons, Inc.
01.1999 - 01.2001
Risk Management Assistant Manager
Turner Broadcasting System, Inc
01.1996 - 01.1999
Education
Bachelors in business administration (MBA) - Risk Management / Finance
Georgia Southern University
Statesboro, GA05-1996
Skills
- Risk Management Strategy/Framework
- Insurance Placement
- Alternative Risk Financing
- Cybersecurity Management
- Crisis Management
- Risk Management/Safety Procedures Policy Development
- M&A and Due Diligence Risk Assessment
- Strong relationships with insurance markets and brokers
- Executive & Stakeholder Communication
Accomplishments
- Reduced total cost of risk by 20%.
- Achieved 30% lower insurance premiums than industry peers.
- Implemented loss control measures that have limited claim loss ratios to single digits.
- Implemented company wide security program that reduced crime incidents by 30%.
- Created a first ever semi-parametric construction insurance product (Ghost Building Escalation Cost”) with a major insurance company.
- Created new company-wide total cost of risk allocation methodology
- 2022 National Risk and Insurance All Stars winner.
Certification
- Chartered Property Casualty Underwriter (CPCU)
- Associate in Risk Management (ARM)
BOARD & LEADERSHIP ENGAGEMENT
- Chairman of Company’s Crisis Management team.
- Member of Company’s Safety Committee
- Member of Company’s Cybersecurity Committee
- Member of Company’s Security Camera Committee
- Chairman of the National Multifamily Housing Counsel (NHMC) Risk Management Committee
- National and local member of Risk Insurance & Management Society (RIMS).
- Previous board member of RIMS Rocky Mountain Chapter
- Previous speaker at multiple risk management events: national and regional RIMS conferences, NHMC annual conference and insurance broker industry symposiums.
Timeline
Vice President of Risk Management
Prometheus Real Estate Group, Inc.
02.2014 - Current
Director of Risk Management
Vail Resorts, Inc.
07.2009 - 01.2014
Senior Director – Risk Management
Hilton Hotels Corporation
06.2007 - 06.2009
Manager – Risk Advisory
KPMG
09.2002 - 04.2007
Account Executive
McCart Insurance and Risk Management
01.2001 - 01.2002
Risk Analyst
Joseph E. Seagram & Sons, Inc.
01.1999 - 01.2001
Risk Management Assistant Manager
Turner Broadcasting System, Inc
01.1996 - 01.1999
Bachelors in business administration (MBA) - Risk Management / Finance
Georgia Southern University