Job Description

General information

Reference

003936

Vacancy location

Location

United Kingdom, London, London

Work Place

Hybrid

Secondary Location

London

Region

UK

Vacancy details

Job Profile

Lockton - Experienced Professional

Title

Project Executive

Description

The Lockton Global Real Estate Due Diligence Practice provides pre and post funding due diligence advice to commercial real estate loan originators and servicers.

Working on our client’s behalf we analyse the insurance aspects of commercial real estate financing transactions to ensure their interests are appropriately protected.

We support our clients’ interests by advising on the appropriate insurance clauses to include in their loan facility agreements, providing advice and insight on technical insurance policy clauses, reporting on policy deficiencies, negotiating with the appropriate parties to amend the policy terms to meet our clients expectations and finally issuing a formal report on the insurance aspects of the financing.

The purpose of this role is to support the growth of the Global Real Estate Due Diligence Practice and prospect pipeline.

Role responsibilities will include:

• Maintain and develop key real estate and development financier relationships
• Review facility agreements and the insurance provisions contained within
• Liaise with lenders and Lawyers in respect of any considerations and recommendations on these provisions.
• Liaise and build rapport with Borrowers Broker, explain insurance requirements to them, offer advice and provide solutions on how to achieve such requirements with Insurers where appropriate
• Complete full review of relevant insurance policies, schedules, endorsements and wordings
• Identify any issues or shortfalls in policies and negotiate improvements as necessary
• Review relevant law/civil code as and where necessary in relation to its affect upon insurance and ensure cover complies
• Review and verification of relevant documents such as structure charts, reinstatement cost assessments and rent rolls to ensure insurable interest and the correct sums insured are in place
• Provide technical insurance advice in layman terms in order to correctly convey issues and potential solutions
• Ensure brokers confirmations are in an appropriate format with the correct addressee language and carry an acceptable level of reliance
• Execute subsequent reporting to lender clients based on a ‘right first time’ approach that effectively articulates the outcomes achieved and rationale for these
• Provide final sign off of insurance with formal compliance documentation

Candidate Profile

About You

• Candidates must be detail orientated, enthusiastic with an enquiring mind-set, and be able to support a face paced and growing practice.
• Strong technical knowledge of insurance, particularly in the Real Estate and/or Construction sectors is essential
• Proven ability to assimilate contractual language, risk/insurance issues and to relay your conclusions and professional advice in easy-to-understand/client friendly format using precise language is essential
• Broad understanding of the insurance coverage and practices
• Strong team ethic and experience of leading a team
• Strong interpersonal, verbal/written communication and networking skills
• Ability to work to deadlines in a high-pressure environment
• Holder of CII Qualifications or willingness to progress towards qualifications

Custom section 3

Scheduled

Full Time Permanent