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For Companies At a Glance
- Tasks: Build and maintain strong client relationships while managing insurance needs in the construction sector.
- Company: Join Lockton, the world's largest independent insurance broker with a focus on client success.
- Benefits: Enjoy a supportive culture, career growth opportunities, and a dynamic work environment.
- Why this job: Make a real impact in the construction industry while developing your professional skills.
- Qualifications: Experience in construction or property insurance is preferred; strong communication skills are essential.
- Other info: Lockton has been recognised as a 'Best Place to Work in Insurance' for nine consecutive years.
The predicted salary is between 36000 - 60000 £ per year.
Lockton’s foundation was built upon the construction and design industries. Our first 15 years were dedicated to this sector and that dedication remains today, with construction still comprising a sizable share of Lockton revenue and the UK team enjoying success and continuing to grow. We deliver risk management systems that are truly customized not only to the industry, but to each of our unique clients. Our process is customized to the specific exposures, risk tolerance and personal preferences of each client. We don’t force cookie cutter solutions on client organisations. Instead we employ a fluid approach tailored to each client’s needs.
Our dedicated Global Construction Practice offers bespoke, targeted insurance solutions across all sectors of the construction industry. With in-depth knowledge of the global construction sector, we understand the full spectrum of construction projects that businesses invest in and manage. Our team works collaboratively to build the solutions each client needs. With global market expertise, unparalleled service and the right insurance cover, we provide the protection every construction client needs.
The Construction practice are an experienced group of individuals who have a wealth of experience across a broad range of construction risks. Cultural fit is of utmost importance to our business and we are happy to support the learning curve of growing into a new role and building a successful career with Lockton.
Account Executive Role – What is involved?
As an Account Executive your primary role will be to build and maintain excellent working relationships with our clients to ensure that we are providing the best service for all of their insurance needs. This will also include fostering close working relationships with our brokers, including supporting them in the market where necessary as well as claims and other experts within the business.
You will be responsible for an allocated portfolio of new and existing clients to support their ongoing insurance needs and the renewal process where applicable. This will include supporting strategy meetings with clients, preparing market submissions, analysing information and looking for opportunities to either enhance existing or provide additional services.
What are the typical responsibilities as an Account Executive?
- Building strong partnerships with your allocated portfolio of clients
- Proactively track client renewal periods, premium payments and any losses
- Analyse renewal information to prepare market submissions
- Provide client feedback to contribute to client review meetings and renewal strategy
- Prepare policy documentation including working with in-house wordings experts for any bespoke clause wordings
- Support the claims team on major losses
What skills and experience would we like you to have?
As an Account Executive in the UK Construction team it would be desirable for you to:
- Have experience of working on Construction or Property business from a Broking, Underwriting or wider Insurance background
- Have experience of preparing market submissions and policy documentation
- Be able to work with account handlers who will support you in servicing our client needs
- Have a desire to join a dynamic, entrepreneurial team in a growing organisation
Due to the nature of the role you will need to be organized and be comfortable communicating with a wide range of clients and colleagues.
About Lockton
Lockton is the world’s largest independent insurance broker. What makes Lockton stand apart is also what makes us better; independence. Lockton’s private ownership empowers its 10,+ Associates doing business in over countries to focus solely on clients’ risk and insurance needs. With expertise that reaches around the globe, Lockton delivers the deep understanding needed to accomplish remarkable results. Our 97% client retention rate speaks for itself. For the last nine consecutive years, Business Insurance magazine has recognised Lockton as a ‘Best Place to Work in Insurance’ – an achievement we are immensely proud of!
Account Executive - UK Construction in London employer: Lockton Companies
Contact Detail:
Lockton Companies Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Account Executive - UK Construction in London
✨Tip Number 1
Network like a pro! Get out there and connect with people in the construction and insurance sectors. Attend industry events, join relevant online forums, and don’t be shy about reaching out to potential colleagues on LinkedIn. Building relationships can open doors that applications alone can't.
✨Tip Number 2
Show off your expertise! When you get the chance to chat with someone from Lockton or any other company, make sure to highlight your knowledge of the construction industry and your experience with insurance. Tailor your conversations to demonstrate how you can add value to their team.
✨Tip Number 3
Prepare for interviews by researching Lockton’s approach to client relationships and risk management. Be ready to discuss how you can contribute to their bespoke solutions and cultural fit. The more you know, the better you can showcase why you’re the perfect match for the Account Executive role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining Lockton and being part of our dynamic team. Let’s get you started on this exciting journey!
We think you need these skills to ace Account Executive - UK Construction in London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your application to reflect the specific skills and experiences that align with the Account Executive role. Highlight your background in construction or property business, as this will show us you understand the industry.
Showcase Your Relationship-Building Skills: Since building strong partnerships is key for this role, share examples of how you've successfully managed client relationships in the past. We want to see your ability to foster connections and provide excellent service.
Be Organised and Detail-Oriented: Demonstrate your organisational skills by clearly outlining your experience with tracking client renewals and preparing market submissions. A well-structured application will catch our eye and show us you're ready for the role.
Apply Through Our Website: We encourage you to submit your application through our website. This way, we can ensure your application gets the attention it deserves and you can easily keep track of your application status.
How to prepare for a job interview at Lockton Companies
✨Know Your Construction Stuff
Make sure you brush up on your knowledge of the construction industry and insurance specifics. Understand the unique risks and challenges that clients face in this sector, as well as Lockton's tailored approach to risk management. This will show that you're not just interested in the role, but that you genuinely understand the business.
✨Build Rapport with Your Interviewers
Since the role involves building strong relationships with clients, demonstrate your interpersonal skills during the interview. Be friendly, approachable, and engage with your interviewers. Ask them about their experiences at Lockton and share your own relevant stories to create a connection.
✨Prepare for Scenario Questions
Expect questions that assess how you would handle specific situations related to client management and insurance processes. Think of examples from your past experience where you've successfully navigated similar challenges. This will help you illustrate your problem-solving skills and adaptability.
✨Show Your Organisational Skills
As an Account Executive, being organised is key. Be ready to discuss how you manage multiple clients and deadlines effectively. You might want to share tools or methods you use to stay on top of your tasks, which will highlight your ability to thrive in a dynamic environment like Lockton.
