Overview
The Gallagher Lenders Insurance Advisory team work closely with a wide variety of banks and financial institutions, offering insurance consultancy services to ensure that clients’ needs are met, when financing large scale acquisitions and projects. The Insurance Advice and Audit Analyst/Specialist will be responsible for providing expert insurance advice, conducting thorough audits, and reviewing facility agreements for commercial real estate lenders. This role requires a deep understanding of insurance policies, risk assessment, compliance regulations, and facility agreement requirements within the commercial real estate industry. The analyst/specialist will work closely with lenders to ensure appropriate insurance coverage, mitigate risks, maintain compliance, and provide ongoing technical insurance advice. They will also review and provide feedback on facility agreement content, formulate requirements lists, liaise with brokers, review policies, identify shortfalls, negotiate endorsements, and provide compliance documentation. This role would be ideal for someone who has due diligence experience or someone who has construction or property insurance experience looking to go into a more consultative position. How you'll make an impact Provide expert insurance advice to commercial real estate lenders regarding insurance policies, coverage options, and risk management strategies. Conduct comprehensive audits of insurance policies to ensure compliance with lender requirements and industry regulations. Collaborate with lenders to assess insurance needs for commercial real estate projects, considering factors such as property type, location, and potential risks. Review and analyse insurance documentation, including policies, endorsements, and certificates of insurance, to identify any gaps or deficiencies. Advise lenders on appropriate insurance coverage limits, deductibles, and endorsements based on project-specific requirements and risk assessments. Stay updated on industry trends, regulatory changes, and emerging risks in the commercial real estate insurance sector. Develop and maintain strong relationships with lenders, insurance brokers and other lender employed teams such as legal and risk management. Prepare and present reports on insurance audits, risk assessments, and compliance findings to senior management and lenders. About You Experience in insurance within the commercial real estate area. In-depth knowledge of insurance policies, coverage options, and risk management strategies specific to commercial real estate lending. Understanding of industry regulations, compliance requirements, and best practices. Excellent analytical skills with the ability to assess complex insurance documentation and identify potential risks or gaps in coverage. Exceptional communication and interpersonal skills to effectively collaborate with lenders, insurance providers, and internal stakeholders. Detail-oriented with strong organizational skills to manage multiple audits and projects simultaneously. Proficient in using insurance software and tools for policy analysis and risk assessment. Ability to work independently and make sound decisions while adhering to company policies and procedures. Compensation and benefits On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits. Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve: Minimum of 25 days holiday, plus bank holidays, and the option to ‘buy’ extra days Defined contribution pension scheme, which Gallagher will also contribute to Life insurance, which will pay 4x your basic annual salary, which you can top-up to 10x Income protection, we’ll cover up to 50% of your annual income, with options to top up Health cash plan or Private medical insurance Other benefits include: Three fully paid volunteering days per year Employee Stock Purchase plan, offering company shares at a discount Share incentive plan, HMRC approved, tax effective, stock purchase plan Critical illness cover Discounted gym membership, with over 3,000 gyms nationally Season ticket loan Access to a discounted voucher portal to save money on your weekly shop or next big purchase Emergency back-up family care And many more…