At a Glance
- Tasks: Lead and coordinate marketing for Financial Institutions business in Lloyds and Company Markets.
- Company: Join Aon, a global leader in insurance and risk management.
- Benefits: Inclusive culture, career growth, and access to global resources.
- Other info: Dynamic team environment with opportunities for professional development.
- Why this job: Make impactful decisions that enrich lives while advancing your career.
- Qualifications: Experience in insurance, strong communication skills, and knowledge of market dynamics.
The predicted salary is between 60000 - 70000 £ per year.
Aon has an exciting opportunity for an Associate Director to join our UK/APAC Financial Institutions team, which forms part of the wider Financial and Professional Service Group within our Global Broking Centre. This role will suit an insurance broker who is looking to take on more responsibility. It involves co-ordinating and contributing to the marketing and negotiation of Financial Institutions business within the Lloyds and Company Markets on a day-to-day basis.
Aon is in the business of better decisions. At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.
What the day will look like:
- Contribute to the development of placement strategies and execute in line with agreed instructions.
- Working with Senior Broker / Broking Directors on larger accounts, provide full reviews of the risks proposed, preparation of underwriting presentations.
- Helping to manage the relationship between the insured/network and the GBC. This will require hosting of clients in London.
- Effectively delegate tasks to junior brokers where required.
- Build and maintain strong relationships with insurers, clients and internal collaborators to align solutions with strategic objectives.
- Keeping abreast of FI market movements and changes of appetite.
- Lead account broking and follow market broking depending on territory and London Market insurer positioning.
- Review draft and final MRCs.
- Overall responsibility for running of the file, including the use of electronic placing platforms, and ensuring KPIs are met, and relevant data captures are completed for each account.
- Provide support in RFP processes where necessary.
- Provide benchmarking and placement advice to networks/clients.
- Working in accordance with the Aon UK Limited Risk Management Framework, and compliance with the Aon UK Limited policies, including participation in the management of risks (including completion of mandatory training) that may adversely affect the business, interests or reputation of any Group Company.
How this opportunity is different:
The Global Broking Centre in London is an integral part of Aon's global broking strategy. The GBC provides colleagues from across the Aon network with access to specialist brokers and client managers, dedicated client solutions and thought leadership, and significant global insurance capacity. The GBC works with network colleagues to deliver market-leading solutions to Aon clients, creating a competitive advantage in our placement strategies worldwide.
Skills and experience that will lead to success:
- Experience gained within the insurance industry at either a Broker or Insurer.
- Technical Insurance knowledge across Financial Lines products.
- Sound understanding of London insurance market dynamics and core processes.
- Ability to use insurance industry IT systems to efficiently deliver client service.
- Experience of managing effective client relationships.
- Effective communication and presentation skills.
- Good understanding of compliance and FCA regulation.
- Ability to work well independently, as well as part of a team.
Associate Director-Financial Institutions in London employer: Aon
AON is an exceptional employer that fosters a dynamic work culture in the heart of Greater London, offering flexibility to work from multiple locations including Reading and Chelmsford. With a strong emphasis on employee growth, AON provides comprehensive training and development opportunities, ensuring that team members can thrive in their careers while contributing to innovative solutions in Trade Credit Insurance. Join us to be part of a collaborative environment where your expertise will be valued and rewarded.
StudySmarter Expert Advice🤫
We think this is how you could land Associate Director-Financial Institutions in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Aon. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Associate Director-Financial Institutions in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Aon.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Aon's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Aon
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Aon.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Aon will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Aon employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
