Insurance Manager

Our client The Land Development Agency (LDA) is a key Government Commercial Semi-State Body that delivers social and affordable housing on State and other lands. It is overseen by an independent board of directors and is funded with €3.75 billion of equity capital committed by the Government.It is also permitted to borrow up to €1.25bn

The LDA has commenced construction on various state sourced lands and is currently working on about 20 direct delivery projects that can deliver over 8,000 homes. It is also delivering affordable housing by working with private sector on an initiative called ‘Project Tosaigh’, which will yield a further 5,000 homes on land provided by housebuilders.

Additionally, the LDA is working on large-scale longer-term strategic areas by master-planning and bringing forward planning applications in locations such as Limerick Colbert Quarter, the Digital Hub in Dublin and Sandy Road in Galway.

The LDA is underpinned by a positive, collegiate, ‘can do’ culture based on our core values of Integrity, Results, Collaboration, Sustainability and Innovation. Our team is around 160 people and growing rapidly.

The Role

This is a key role within the LDA and will offer the right candidate a fantastic opportunity to advise in relation to the insurance considerations for the Agency and a wide ranging and transformative project across the country.

The successful candidate will be responsible for assessing the advising in relation to the insurance considerations to support the acquisition, construction, and asset management of a very large portfolio of residential and non-residential assets including retail, tenant amenity, offices etc.

The ideal candidate will have broad insurance sector experience and will possess the necessary technical and commercial insurance acumen in respect of the assessment, advice and minimisation of the key insurance risks associated with the purchase, lease, and management of the LDA’s asset portfolio and corporate insurance requirements. This will include an understanding of the key insurance risks and insurances available to mitigate the LDA’s insurance risks across its portfolio and business operations.

The role will suit an ambitious and enthusiastic individual wishing to advance their career by entering the organisation at an early phase of its establishment with a view to exploringmanagement opportunities as the LDA grows.

Role Responsibilities/Duties

• To assess and manage the key insurance risks across the Agency, procure the appropriate insurances and implement appropriate insurance risk mitigation strategies.
• Negotiate, price, and arrange appropriate insurance policies on behalf of the LDA through the LDA’s insurance brokers in respect of its portfolio.
• Provide advice on all insurance matters arising in the course of the Agency’s business activities including:-
  • Recommendation of appropriate levels of insurance cover
  • Support the LDA Management, Strategic Planning, Development, Construction and Asset Management teams with determination and procurement of insurances.
  • Proactively act on the LDA’s behalf engaging directly with the Participating Institutions, insurance providers, developers, design teams, contractors and third parties in relation to insurance issues and creating new bespoke solutions.
  • Assess and report on any insurance risks including uninsurable risks as and when they arise and recommend appropriate insurance cover / protection.
  • Introduce systems to capture relevant insurance related data across the LDA’s activities and utilise this information to create and develop a detailed insurance profile of the LDA’s activities.
  • Completion of cost benefit assessments of Owner Controlled Insurance Policies (OCIP) vs Contractor controlled insurances and cost benefit analyses of Project Specific Professional Indemnity Insurances Vs Consultants/ Contractors/ Subcontractors insurance policies.
  • Administer and manage insurance policies.
• Manage all matters in respect of any insurance claims on the LDA’s behalf.
• Assess and recommend insurance / development bond requirements.
• Review and determine third party indemnity and co-insurance requests.
• Maintain regular contact with key stakeholders such as developers, contractors, design teams, tenants, management companies, suppliers as other stakeholders, legal, technical etc. regarding insurance considerations.
• Review the LDA’s asset and project portfolio and advise on all insurance related matters.
• Review and assessment of Health and Safety, Building Regulations, and any other applicable legislation applicable to the insurance considerations across the LDA’s asset portfolio.
• Identify, manage, and mitigate insurance risk.Proactively work with LDA business units to implement appropriate insurance risk mitigation measures and report on them, continuously improving the measure where necessary.
• Provide insurance support and advice, at all levels across the LDA to support the LDA’s activities.

Person Specifications

• 10+ years’ experience in insurance advisory with specialism in the construction and property insurance sector.
• CIP/ CII or Member of The Insurance Institute or other professional body membership desired with pathway identified to Chartered/full member Status.
• Experience in the design, placement and management of corporate and development insurances and risk transfer programmes.
• Excellent relationship management skills and high level of technical proficiency to enable communication in technical terms with relevant personnel.
• Detailed knowledge of the issues and developments and current thinking in relation to best practice in respect of construction/ corporate insurances.
• The ability to provide practical insurance advice that is grounded in the reality of the context in which the LDA operates.
• Be an excellent communicator, responsive and innovative, highly organised.
• Must have own car and full, clean driving license.

To Apply

Closing date for applications 3pm, 7 th May 2024.

The Land Development Agency (LDA) is an equal opportunities employer. We are committed to promote and support a diverse and inclusive workforce,and weendeavour to provide reasonable accommodation.