Due Diligence Executive - Real Estate
London, United Kingdom
002109
Working at Lockton
At Lockton, we’re passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented and always striving to make ourselves and those around us better. We’re active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here.
Job type
Experienced Professional
Your Responsibilities
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
Qualifications
- 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.
Equal Opportunity Statement
Lockton Companies is proud to provide everyone an equal opportunity to grow and advance. We are committed to an inclusive culture and environment where our people, clients and communities are treated with respect and dignity.
At Lockton, supporting diversity, equity and inclusion is ingrained in our values, and we believe that we are at our best when we fully embrace everyone. We strive to cultivate a caring culture that learns from, celebrates and thrives because of our breadth of differences. As such, we recognize that recruiting, developing and retaining people with diverse backgrounds and experiences is vital and enabling our people to thrive personally and professionally is critical to our long-term success.
About Lockton
Lockton is the largest privately held independent insurance brokerage in the world. Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities. As such, our 10,000+ Associates doing business in over 100 countries are empowered to do what’s right every day.
At Lockton, we believe in the power of all people. You belong at Lockton.
How We Will Support You
At Lockton, we empower you to be true to yourself in all that you do. Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it.
We are ready to meet you where you are today, and as your needs change over time. In addition to industry-leading health insurance, we offer additional options to support your overall health and wellbeing.
No Agencies Please
Any Employment Agency, person or entity that submits an unsolicited resume to this site does so with the understanding that the applicant's resume will become the property of Lockton Companies, Inc. Lockton Companies will have the right to hire that applicant at its discretion and without any fee owed to the submitting Employment Agency, person or entity. Employment Agencies, who have fee Agreements with Lockton Companies must submit applicants to the designated Lockton Companies Employment Coordinator to be eligible for placement fees.
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