Lance Davis Email & Phone Number

Norfolk, Va, Us

Hired to oversee strategic sourcing and procurement initiatives for one of the largest public debt buyers in the U.S., my focus is on improving spend by identifying and negotiating cost-reduction opportunities through global scale and contractual efforts. I manage a 4-member team of sourcing and procurement managers and specialists.

In an entrepreneurial move leveraging years of executive leadership experience, I launched my own consulting firm, leading corporate insurance and risk management engagements as well as sourcing and supplier management projects. KEY CONTRIBUTIONS:➤ Contracted by Source One Management Services, LLC to conduct human resource and corporate insurance due diligence for client. Developed outsourcing proposal focused on benefits, human resources, and insurance. ➤ Retained by Chief HR Officer within Genworth Mortgage Insurance of Australia to develop Supplier Management Policy and Procedure to satisfy audit findings. ➤ Cut rates 20% for D&O Crime and Employment Practice insurance with no loss of coverage or change in deductibles. Steered broker selection project focused on replacing incumbent broker following a 35% increase in D&O premiums over 5 years.➤ Led organization through assessment of alternatives, insurance coverage analysis process, risk assessment, and insurance bid process, resulting in purchase of 5-year, $5 million Environmental Liability Insurance policy.

Glen Allen, Virginia, Us

✔ SVP, FINANCE SHARED SERVICES (2009 to 2013)✔ VP, CORPORATE INSURANCE & U.S. OPERATIONS SOURCING (2006 to 2009)✔ DIRECTOR, RISK MANAGEMENT (2004 to 2006)I started my career at Genworth as Director of Risk Management and was ultimately selected to oversee a team of senior leaders and managers. Managing 6 direct reports with total responsibility for 32 people, I was charged with reducing supplier costs, guiding the supplier contract process, and leading corporate insurance activities with accountability for up to $24 million in premiums and claims cost.KEY CONTRIBUTIONS:➤ Avoided $35 million expense, leading cross-functional team to develop supplier risk tiers with minimum supplier oversight requirements, performance standards, and productivity requirements for each tier.➤ Restructured Finance Shared Services as part of turnaround effort to transition into two primary businesses (U.S. life insurance and global mortgage insurance).➤ As VP, Corporate Insurance, directed 4-member team in efforts related to operations, support services (training and facilities management), marketing, and corporate insurance procurement.➤ Cut year-over-year (2010 vs. 2009) D&O and E&O premiums $11 million to counter effects of national financial crisis/critical stock price decline.➤ Guided competitive bid process for outsourcing imaging and indexing in response to internal product quality issues, resulting in 5-year process with improved controls and accountability at $3.3 million less than before.➤ Enabled Asset Management Business needing private label banking services to bridge competitive gap; positioned business for acquisition by sourcing a no-cost banking provider offering checking and loan administration services.➤ As Director, Risk Management, built the property and casualty insurances risk management organization. Leveraged strong relationships with key specialty insurers to cut cost of annual D&O and E&O by millions with no decline in coverage levels.

Norwalk, Connecticut, Us

Hired as a Risk Manager for Xerox in 1995, I rose steadily through the ranks to director-level leadership roles during my 9-year tenure. As Assistant Treasurer & Director, Global Risk Management, I was selected to lead an outsourcing effort after the loss of many key staff members. KEY CONTRIBUTIONS:➤ Averted loss of D&O coverage during debt/liquidity crisis in a tight market by securing millions of dollars in additional coverage through assessment of alternative insurance structures and markets. ➤ Led cross functional team to assess options for replacing Trust Investment Team. Outsourced key roles to professional asset management company.➤ As Director, Global Risk Management (1998 – 2001), oversaw insurance coverage purchasing efforts, successfully cutting rates 67% for non-occupational disability insurance while maintaining service levels and coverages.

Us

Responsible for placement and management of Corporate Casualty and Property Insurance, including oversight of captive insurance company. Contract review, insurance compliance, acquisition review and due diligence, management of the surety bond process, and allocation of casualty and property insurance expenses.

Purchase, New York, Us

Responsible for the development and forecast of casualty underwriting data for insurance program management. Risk management analysis of acquisition and divestiture. Management of self-insured and state fund workers’ compensation programs. Statistical support for loss control. Risk Management review of special events. Presentation of insurance cost and allocation to field locations.

New York, New York, Us

Responsible for claims and litigation management for workers’ compensation, product liability, public liability, auto liability claims and property insurance. Surety bond management. Development of underwriting information. Implemented Corporate Risk Management Information System.

Hartford, Ct, Us

Supervised Claim Representatives and adjusted and evaluated claims and reserving practice for home office reporting. Licensed Workers’ Compensation Casualty Adjuster.

Master Of Business Administration (Mba), Corporate Finance

Bachelor Of Science (Bs), Finance / Economics

Business Executive Education Program