Due Diligence Executive - Real Estate

Reference

Location

United Kingdom, London, London

Work Place

Hybrid

Job Profile

Lockton - Experienced Professional

Title

Due Diligence Executive - Real Estate

Description

Lockton's Real Estate Due Diligence team continue to build, with an established portfolio and an exciting outlook. This is a great opportunity to join a growing business area and team in a key role to execute on the strategy and delivery of Lenders' Due Diligence business, working within our Real Estate & Construction practice.

Our 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.

Role responsibilities:

• 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.
• Provide final sign off of insurance with formal compliance documentation

Candidate Profile

• You demonstrate enthusiasm, drive and an enquiring mind-set - enthused to support a fast-paced and growing practice
• You have sound technical knowledge of insurance, and the relevant risks associated with this line of business
• You have proven ability to assimilate contractual language and risk/insurance issues, and relay your conclusions and professional advice in accessible terms to provide your clients with excellent service
• You have a strong sense of team, and enjoy work collaboratively for professional and commercial goals
• You have strong interpersonal and communication, and enjoy building your network

About Lockton

Since its foundation in 1966 Lockton has grown to become the world’s largest privately held independent by helping clients achieve their business objectives. Today with more than 9,000 Associates in over 100 offices worldwide, Lockton’s dynamic and innovative organisation truly embraces its uncommonly independent status.

We attract the best professionals to come and work with us who are excited by our unique culture that values respect, ethical, moral and caring approach, in fact our Associates are our greatest asset.

Scheduled

Full Time Permanent