Account Executive - London, United Kingdom - Lockton, Inc.

Lockton, Inc.

Verified Company

London, United Kingdom

1 week ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Job Description:

Since its foundation in 1966 Lockton has grown to become the world's largest privately owned insurance broker with revenues in excess of $1.7bn.

Today with more than 7,500 Associates in over 90 offices worldwide, Lockton is a dynamic and innovative organisation that embraces its uncommonly independent status.

We are currently looking to strengthen the Lockton PROFIN Division, by further enhancing the skill set of our Global Financial Institutions (GFI) team.

We require an applicant that can enrich and develop our proficiencies within the GFI space, and who has previous experience working with:

Asset Managers (HF,PE, RE and VC)
ManCo/Corporate Service Providers
FinTech Companies
Challenger Banks~
The role is for an Account Executive within the Risk Management team of GFI, which supports our largest and most intricate clients across the GFI landscape.
Role Responsibilities:
Provision of the day to day servicing of a client's insurance programme to support retention and development of the business.
Placement of insurances for clients in accordance with Lockton strategy.
Effective and timely management of all renewals to ensure completion by the due date.
Obtain quotations both for new and renewal business.
Preparation of market and client documentation.
Check policy documentation for accuracy prior to issue to the client.
Provision to the client of policy documentation in accordance with regulations and in line with Lockton procedures.
Deal effectively (and to the satisfaction of the client and the market) with queries, including but not limited to changes in cover and risk.
Prompt and accurate resolution of accounts queries.
Identify the risk exposures and advise on insurance and risk management solutions in consultation with the Producer/Partner as required.
Provision of management information as required.
Manage and coordinate global insurance programmes and liaise with our producer network worldwide, if applicable.

Qualification:

Willingness and ability to continue to develop knowledge through formal and informal learning, both internal and external to the company.
Knowledge of the resources available within Lockton and how to source such services.
An understanding of the relevant classes of business.
Ability to identify opportunities for business development.
An understanding of Lockton cash collection processes including but not limited to general insurance accounting and client invoicing.
An understanding of the general, Legal principles of insurance.
Understanding of insurer rating methods for each class of insurance.
An understanding of risk management concepts and when these are useful to clients.
An understanding of insurer products and specialisms.
Ability to broke and service the insurance needs of clients.
Ability to prepare a broking presentation that accurately reflects the cover required and meets the clients' demands and needs.
Ability to prepare and interpret claims experiences and analysis including claims triangulations and the impact of deductibles and cover variations.
Experience in marketing and servicing the insurance needs of clients