There is no doubt about it; this is a truly fascinating sector of the general insurance market, and one which is growing at a phenomenal rate.
Our client, the largest privately-owned global insurance broker, which is experiencing year on year double-digit growth, is recruiting for a key position within its Global Real Estate & Construction Due Diligence Practice. This specialist practice is a relatively new division within the wider global team, but is proving to be extremely successful, having grown by 67% over the last 12 months. As such, this is certainly an opportune time to join the business as it has very exciting growth plans, which in turn brings very attractive career opportunities.
The Due Diligence Practice provides pre and post funding due diligence advice to commercial Real Estate loan originators and servicers. Working on the client’s behalf, it analyses the insurance aspects of commercial Real Estate financing transactions to ensure their interests are appropriately protected. Clients’ interests are supported by advising on the appropriate insurance clauses to include in their loan facility agreements, and providing advice and insight on technical insurance policy clauses. In addition, the practice reports on policy deficiencies, negotiates with the appropriate parties to amend the policy terms to meet clients’ expectations, and issues formal reports on the insurance aspects of the financing.
As Corporate Due Diligence Executive, you will assume a role with wide-ranging responsibilities. These will include, but not be limited to, maintaining and developing key Real Estate and development financier relationships, reviewing facility agreements and the insurance provisions contained within, as well as liaising with lenders and Lawyers in respect of any considerations and recommendations on these provisions.
Being such a specialist role, our client is not necessarily expecting candidates to have previous experience within this exact same role; they have a comprehensive training plan in place and are willing to work with someone who is genuinely excited about working in this lucrative niche. However, you will have a strong technical background in Commercial Property, Real Estate or Construction, and the ability to liaise at senior level with a wide range of stakeholders. With excellent attention to detail, you’ll have a proven ability to assimilate contractual language, risk/ insurance issues, and relay your conclusions and professional advice in easy-to-understand/ client-friendly format. Our client will consider candidates from a range of insurance disciplines including broking, underwriting and claims.
This role has enormous scope to develop as the team is likely to triple in size over the next few years. For example, given the success of this Due Diligence Practice (originating in the UK), there is massive potential for you to take an instrumental lead in rolling this out globally amongst the worldwide network of offices.
You’ll be reporting into the Manchester office, however, you can work remotely anywhere in the UK, with occasional visits to Head Office, perhaps, once a month. Alternatively, you are welcome to base yourself from any one of our client’s many UK offices, which can be found in most major cities.
You’ll enjoy working for a multi-award-winning organisation that has been voted “Best Place To Work in Insurance” for 9 consecutive years. With a global reach, but the personal touch of an independent broker, this is a firm that truly empowers its employees, which results in a very high staff retention rate and terrific career development for the ambitious.
An attractive salary and package is available (negotiable, depending on experience), together with a very lucrative bonus and market-leading benefits.
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