Lender's Insurance Advisor (LIA)

Company:Marsh Risk

Description:

Private Equity & Merger & Acquisition (PEMA) department of Marsh Ltd is seeking candidates for a Lenders’ Insurance Advisor position based in the Leeds or London office:

The Structured Finance Practice (SFP) is the specialist part of the PEMA. The role performed by the SFP is commonly known as the Lenders’ Insurance Advisor (LIA) and we are a market leader in this area of professional consulting services. As a consultant in the team you will provide the insurance due diligence advisory services to Lenders in respect of major projects worldwide. These would include, for example, projects in all the key industry sectors and particularly Energy & Power, Infrastructure and Natural Resources.

We work with Lenders and their other advisers (financial, technical, and legal) to assist the Lenders understand the insurable project risks and secure an acceptable insurance programme which is then contractually required to be maintained by the Project during the period of the loan.

Thereafter, we continue to monitor and audit the insurances on an annual basis to ensure compliance with the loan requirements and that the interests of the Lenders continue to be protected during the period of the loan.

We will count on you to:

• As a Consultant within the SFP team you will be responsible for reviewing the specific risks of a project, the proposed risk treatment and the insurance/reinsurance programmes to be placed.

• You will help identify and develop/nurture new business opportunities through both internal and external client relationships.

• Be curious about and be interested in the projects we work on. To want to understand more about the mechanics of the project, the asset features and key potential risks.

• Work with the Lenders and their advisors (legal, technical and financial) to review the overall project, identify potential risks and insurance coverage needs.

• Review the proposed risk treatment and provide commentary to the Lender on changes or improvements required.

• Negotiate enhancements or additions to the existing policies on the behalf of Lenders.

What you need to have: 

• Proven insurance experience.

• A strong technical knowledge of insurance

• Ability to understand contractual language, risk/insurance issues and to relay your conclusions using precise client friendly language.

• A strong team ethic coupled with the ability to work independently in a high pressure environment.

What makes you stand out?

• Proven insurance experience of working either as an LIA or acting as the borrower’s/ sponsors’ insurance adviser on debt financed transactions.

• An understanding of the Lender security requirements (the lender endorsements)

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders.

• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.

• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

Marsh Risk is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information about Marsh Risk, visit marsh.com, or follow us on LinkedIn and X.

Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law. We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us at [email protected].

Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.