At a Glance
- Tasks: Review contracts and provide expert guidance on insurance coverage for clients.
- Company: Join Lockton, a leading professional services firm with a focus on innovative risk solutions.
- Benefits: Competitive salary, flexible working locations, and opportunities for professional growth.
- Other info: Be part of a dynamic team in a growing organisation with a collaborative culture.
- Why this job: Make a real impact by helping clients navigate complex insurance challenges.
- Qualifications: Experience in reviewing contracts and knowledge of Professional Indemnity insurance is a plus.
The predicted salary is between 50000 - 60000 £ per year.
Professional services firms operate in an arena fraught with danger emanating from the risk of professional negligence. In an increasingly litigious environment, errors or omissions or allegations of breach of professional duty can result in financial loss, reputational damage or legal claims for professional services organisations. Our team of Professional Indemnity Insurance (PII) experts recognise and address the challenges emerging and already facing the professional services industry. Lockton’s expert National Professions Practice provides specialist advisory and placement services through innovative risk solutions and exclusive access to capacity.
We have an exciting opportunity for an experienced and expert Account Executive to join our successful National Professions team. The role will primarily focus on undertaking contract reviews and providing policy wording construct and analyses for our clients and prospects. Appointment documents and collateral warranties are common in the construction sector and can contain additional terms that impose higher levels of liability which can result in a wider range of claims arising and more damaging costs being awarded against the construction or consultancies firm. At Lockton, we provide our clients with expert guidance on the exposure created under contract and provide support to address any coverage concerns.
This specialist role requires sound technical analysis and understanding of the contractual liabilities being imposed in documentation presented together with a strong commercial awareness of PII wordings to provide guidance on any coverage issues arising from the contract documents. This role can be based in London, Bristol, Manchester, or Edinburgh.
What are the typical responsibilities as an Account Executive?
- Reviewing the various contractual liability provisions in our clients’ legal agreements with third parties whilst analysing the scope of policy coverage provided.
- Responsible for clear communication with the client identifying and explaining, with appropriate sensitivity any commercial issues arising.
- Partnering with our client and account management teams providing guidance on technical coverage matters.
- Partnering with new business executives in tenders/RFPs to articulate coverage issues and provide technical input to solutions for potential clients.
- Building relationships across the Specialty business, able to offer insurance coverage advice cross class.
- Advising on policy wording queries and draft endorsements to reflect coverage provided.
- Conducting reviews of Lockton manuscripted policy wordings to ensure that they remain current and relevant to satisfy the coverage requirements of our clients and prospects.
Proven experience of reviewing third party client contracts and associated documents, ascertaining coverage requirements, would be highly beneficial. Demonstrable experience and technical knowledge of Professional Indemnity insurance policies and products will be highly beneficial. Experience of reviewing insurance policy documentation including recommending, drafting or amending policy wordings will be beneficial. Due to the nature of the role you will need to be organized, proficient in using Microsoft Office and be comfortable communicating with a wide range of clients and colleagues. Desire to join a dynamic, entrepreneurial team in a growing organisation.
Account Executive – Contract Review/National Professions Practice in London employer: Lockton Companies
Lockton Companies is an exceptional employer that fosters a collaborative and innovative work culture, perfect for data enthusiasts looking to make a significant impact. With a strong emphasis on employee growth, you will have access to continuous learning opportunities and the chance to work with cutting-edge technologies in a supportive environment. Located in a vibrant area, Lockton offers unique advantages such as flexible working arrangements and a commitment to promoting a data-driven culture that empowers employees to thrive.
StudySmarter Expert Advice🤫
We think this is how you could land Account Executive – Contract Review/National Professions Practice in London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join relevant groups on LinkedIn, and don’t be shy about reaching out to current employees at Lockton. Building relationships can open doors that a CV just can’t.
✨Show Off Your Expertise
When you get the chance to chat with potential employers, make sure to highlight your experience with contract reviews and PII policies. Share specific examples of how you've tackled challenges in the past – it’ll show you know your stuff!
✨Prepare for the Interview
Do your homework on Lockton and the National Professions Practice. Understand their approach to risk solutions and be ready to discuss how your skills align with their needs. The more you know, the more confident you'll feel!
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our dynamic team.
We think you need these skills to ace Account Executive – Contract Review/National Professions Practice in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Account Executive role. Highlight your experience with contract reviews and PII policies, as these are key aspects of the job. We want to see how your skills align with what we’re looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about the role and how your background makes you a perfect fit. Don’t forget to mention any relevant experience with professional services firms.
Showcase Your Technical Skills:Since this role requires sound technical analysis, be sure to highlight your understanding of contractual liabilities and policy wording. We love seeing candidates who can demonstrate their expertise in these areas!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team!
How to prepare for a job interview at Lockton Companies
✨Know Your Stuff
Make sure you brush up on your knowledge of Professional Indemnity Insurance and the specific contractual liabilities relevant to the role. Familiarise yourself with common terms and conditions in construction contracts, as well as the nuances of policy wordings. This will help you speak confidently about how you can add value to the team.
✨Showcase Your Analytical Skills
Prepare examples from your past experience where you've successfully reviewed contracts or provided coverage advice. Be ready to discuss how you approached complex issues and what the outcomes were. This will demonstrate your technical expertise and problem-solving abilities, which are crucial for this role.
✨Communicate Clearly
Since clear communication is key in this position, practice articulating complex insurance concepts in simple terms. Think about how you would explain a tricky coverage issue to a client who may not have a technical background. This will show that you can partner effectively with clients and colleagues alike.
✨Build Rapport
During the interview, take the opportunity to connect with your interviewers. Ask insightful questions about their experiences at Lockton and the team dynamics. Building rapport can set you apart and show that you're not just interested in the role, but also in being a part of the team culture.
