At a Glance
- Tasks: Provide insurance advisory services for major global projects and assess project risks.
- Company: Join Marsh, a leader in professional consulting services with a vibrant culture.
- Benefits: Enjoy professional development, flexible work options, and a supportive team environment.
- Other info: Embrace diversity and enjoy excellent career growth opportunities in a hybrid work setting.
- Why this job: Make an impact on significant projects while developing your career in a dynamic field.
- Qualifications: Proven insurance experience and strong technical knowledge required.
The predicted salary is between 50000 - 70000 £ per year.
The 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:
- Review the specific risks of a project, the proposed risk treatment and the insurance/reinsurance programmes to be placed.
- 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.
- 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 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 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 reasonableaccommodations@mmc.com.
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.
Lender's Insurance Advisor (LIA) in Leeds employer: Dormont Manufacturing Co
Marsh is an exceptional employer that prioritises professional development and fosters a vibrant, inclusive culture. As a Lender's Insurance Advisor in our Leeds or London office, you will engage in meaningful work with talented colleagues while enjoying flexible hybrid working arrangements and a comprehensive benefits package designed to enhance your well-being. Join us to make a significant impact in the insurance consulting field and grow your career in a supportive environment.
StudySmarter Expert Advice🤫
We think this is how you could land Lender's Insurance Advisor (LIA) in Leeds
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Dormont Manufacturing Co). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Dormont Manufacturing Co. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Lender's Insurance Advisor (LIA) in Leeds
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Dormont Manufacturing Co.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Dormont Manufacturing Co. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Dormont Manufacturing Co
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Dormont Manufacturing Co to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Dormont Manufacturing Co, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Dormont Manufacturing Co's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
