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Date Added: Wed 05/06/2024

Insurance Broker Due Diligence

London, SE1, UK
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Job Type: Contract, Full Time

Salary: £30000 - £40000/annum

I am keen to speak with Insurance Broker Due Diligence professionals, to join an Insurance business based in central London. This is an initial 12 month contract with the expectation for extension. This is a hybrid role with 3-4 days in the office.

The Insurance Broker Due Diligence associate will be responsible for:
1. Maintain and develop key real estate and development financier relationships
2. Review facility agreements and the insurance provisions contained within
3. Liaise with lenders and Lawyers in respect of any considerations and recommendations on these provisions.
4. 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
5. Complete full review of relevant insurance policies, schedules, endorsements and wordings
6. Identify any issues or shortfalls in policies and negotiate improvements as necessary
7. Review relevant law/civil code as and where necessary in relation to its affect upon insurance and ensure cover complies
8. 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
9. Provide technical insurance advice in lament terms in order to correctly convey issues and potential solutions
10. Ensure brokers confirmations are in an appropriate format with the correct addressee language and carry an acceptable level of reliance.
11. Provide final sign off of insurance with formal compliance documentation

You will have the following

Minimum of 2 years experience.
Real Estate Insurance experience
Strong relationship building skills. If you have this experience, please apply now to discuss further.

£30-40k + bonus
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