Our client is an insurance consultancy business that encompasses a broad range of services for energy and non-energy related companies and operates on a worldwide basis. They have a team of specialists who provide independent advice that is tailored to company requirements. Thier journey began in 1988, and since then, they've grown into a global offering of expert consultancy services to over 350 clients around the world.
Due to continuous growth, they have an opportunity for an experienced Lenders Insurance Advisory to join their dynamic team! This opportunity offers a chance to work within a leading company with vast global reach, where you will gain exposure to the Project Finance lifecycle and contribute to some of the world's largest projects, across a variety of industries. As part of their Project Finance team, you will provide lenders insurance advisory services to financial institutions involved in structured finance projects. You will work with leading project developers, lawyers, financiers, and brokers.
If you are looking to advance your career and work with a leading team in the most complex and innovative projects around the world, we want to hear from you.
Lenders Insurance Advisory – Responsibilities
- Provide consultancy advice on insurance requirements for the project through all phases of the loan (construction, operating etc.)
- Assess and advise clients on insurance requirements and applicable terms and conditions from a lender's perspective.
- Assess and advise on local and reinsurance requirements and implications of regulatory restrictions on the lenders.
- Advise on commercial availability of insurance and implications on loan requirements.
- Assist in drafting and negotiation of the insurance provisions in loan agreements.
- Review and comment on risk allocation and insurance provisions, operating and maintaining contracts, purchase, proposals, and finished product sales contracts.
- Audit and advice on compliance of loan agreement adherence as regards insurance procured by borrowers.
- Advise parties on any compliance issues with loan agreement, and support lenders to resolution.
- Draft reports to lenders on compliance, confirmation of applicability of coverage and deviations from loan agreement.
- Communicate with lenders, sponsors, brokers, lawyers and technical consultants on risk and insurance related issues.
Lenders Insurance Advisory – Required Skills
- A minimum of 3 years working experience within the insurance industry or in project finance in a law firm or finance institution with professional qualifications and/or a degree
- Attention to detail and problem-solving abilities
- Strong relationship building skills Strong technical insurance background, understanding roles and operation of the international (re)insurance markets.
- Excellent written and presentation skills, particularly in analysis and review of contract and insurance provisions. Strong organisational skills to manage workflows, collate information and track progress.
- Strong communicational and stakeholder management skills.
- Willingness to work under pressure and with flexibility to meet client needs.
- Proficiency in French or Spanish is desirable, although not essential.
There couldn't be a better time to join their business and as one of their Lenders Insurance Advisory, you will receive a competitive base salary, an annual bonus of up to 18%, hybrid working options and several additional benefits such as free office lunches, employee health & wellbeing schemes and a 10% non-contributory pension scheme.
We would particularly welcome applications from experienced insurance brokers, with high value project experience from power, energy, infrastructure, utilities or other relevant sectors. You may have gained your previous experience as a project finance consultant.
If you're ready to embark on a fulfilling career journey, where your skills are valued, your growth is encouraged, and your wellbeing is a priority, we invite you to be a part of their dynamic team.