Insurance Expert

Role Overview: At OakNorth, you will be on a mission to empower the UK's most ambitious businesses by providing comprehensive insurance guidance, analysis, and strategic support. As the Insurance Expert, you will play a vital role in setting and maintaining insurance policies across all lending products, performing risk assessments, analyzing policies, and ensuring full regulatory compliance. Your expertise will help minimize risk, maximize coverage, and align with commercial objectives and compliance requirements. Key Responsibilities: - Set and oversee OakNorth's insurance requirements across various lending products such as Real Estate Investment, Real Estate Development, Trading businesses, and Loan-on-loan facilities. - Develop, update, and maintain internal insurance templates, policies, and review checklists for sign-off. - Provide expert advice and consultation to OakNorth and its borrowers on insurance matters, assessing insurance needs and recommending suitable policies. - Review and analyze insurance policies to ensure alignment with credit requirements and risk appetite, identifying coverage gaps or deficiencies, and recommending necessary amendments. - Conduct thorough risk assessments to identify potential exposures faced by OakNorth and its borrowers, and recommend risk mitigation strategies. - Stay up to date with UK insurance industry regulations, market practices, and compliance requirements, ensuring adherence to applicable laws and regulatory frameworks. - Build and maintain relationships with brokers, insurers, and underwriters to secure competitive insurance products and enhance OakNorth's market position. - Support OakNorth and its borrowers throughout the claims process, providing technical guidance and facilitating efficient claims resolution. - Monitor emerging trends and shifts in the UK insurance market, conduct research to identify competitive offerings, and anticipate market developments to manage insurance-related risks effectively. Qualifications Required: - Strong legal and technical knowledge of insurance documentation and requirements across banking and finance transactions. - Experience advising on insurance in a broad range of financial products and structures. - Exceptional attention to detail in reviewing documentation and assessing commercial implications. - Strong understanding of insurance risk levels for both OakNorth and its clients, with the ability to advise on acceptable exposure. - Ability to build trust and add value across internal teams, borrowers, brokers, and insurers. - Excellent written and verbal communication skills to convey complex insurance concepts clearly. - Demonstrated ability to work effectively in fast-paced or high-pressure environments. - Commitment to continuous learning and staying informed about evolving insurance regulations, products, and market trends.,