At a Glance
- Tasks: Manage and support diverse Financial Institution clients, ensuring top-notch service and strategic account management.
- Company: Join Lockton, a leading global insurance broker with a collaborative and high-performing culture.
- Benefits: Competitive salary, professional development opportunities, and a dynamic work environment.
- Other info: Be part of a team that values ongoing learning and offers excellent career growth potential.
- Why this job: Elevate your career in a VP-level role while making a real impact in the financial sector.
- Qualifications: Experience in Financial Institutions insurance broking or underwriting, with strong communication and analytical skills.
The predicted salary is between 81000 - 99000 £ per year.
Your Responsibilities
Lockton is recruiting an experienced Account Executive to join our Global Financial Institutions (GFI) Retail team in London in a VP-level position, in a role delivering market-leading service to Lockton’s Retail Financial Institutions (FI) clients. You will work with a diverse portfolio of Financial Institution clients, supporting programme placement for complex risks while contributing to client retention, growth and new business opportunities. This is an exciting opportunity to develop your career within a collaborative, high-performing team of financial lines specialists.
Key Responsibilities
- Develop and execute effective placement and renewal strategies to achieve optimal outcomes for clients
- Support the strategic management of Retail FI client accounts, delivering high standards of broking and client service
- Advise Lockton’s Financial Institution clients in line with Lockton’s compliance framework and client-specific requirements
- Manage and monitor your renewal portfolio, ensuring timely invitations, submissions and market engagement
- Prepare comprehensive market submissions and liaise with insurers and clients throughout the placement process
- Lead client calls, renewal strategy discussions, review meetings and presentations
- Drive new business initiatives including RFP responses, proposals and client onboarding activities
- Identify cross-selling opportunities and collaborate with specialist teams across Lockton to deliver holistic risk solutions
- Resolve client and market queries efficiently and accurately, ensuring excellent service standards
- Produce, review and execute compliant documentation including quotes, slips and related broking materials
- Collaborate with colleagues across the GFI and wider Specialty team, sharing knowledge and contributing to the continued development of the Retail FI practice
Qualifications About You
- Experience within Financial Institutions insurance broking or underwriting, with knowledge of relevant insurance markets
- Excellent communication skills – both written and verbal – combined with strong relationship-building skills
- Highly organised with strong time management skills and the ability to prioritise effectively
- Strong analytical and problem-solving capabilities
- Passion for ongoing learning and professional development
Broker - Retail FI employer: Lockton
At Lockton, we pride ourselves on being an excellent employer that fosters a collaborative and innovative work culture. As a Business Analyst/Product Analyst, you will have the chance to work on cutting-edge projects within the insurance industry, supported by a team that values continuous learning and professional growth. Our commitment to employee development, coupled with a dynamic environment in which your contributions directly impact our clients and business, makes Lockton a truly rewarding place to advance your career.
StudySmarter Expert Advice🤫
We think this is how you could land Broker - Retail FI
✨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 Lockton. 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 Broker - Retail FI
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 Lockton.
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 Lockton'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 Lockton
✨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 Lockton.
✨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 Lockton 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 Lockton 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.
