At a Glance
- Tasks: Manage a portfolio of Delegated Authority Contracts and support brokers on complex matters.
- Company: Respected Lloyd's Broker with a focus on innovation and collaboration.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunity to lead strategic improvements and drive business growth.
- Why this job: Take ownership of contracts and make a real impact in the insurance industry.
- Qualifications: 3 years of Lloyd's experience and strong relationship-building skills.
The predicted salary is between 50000 - 65000 € per year.
An independent and well-respected Lloyd's Broker is seeking an Account Manager within their Delegated Authorities Division. This exciting position includes taking ownership of a portfolio of Delegated Authority Contracts, acting as the key link between Producing Brokers, Clients, Underwriters and the Technical Ops teams.
Role Responsibilities
- Support Producing Brokers on complex broking matters, including renewal strategy, capacity discussions, pricing dynamics and syndicate relationship management.
- Participate in (and sometimes lead) client and underwriter meetings, representing the delegated authority function with authority and credibility.
- Lead the renewal process for delegated authority contracts within the portfolio, including early-stage planning, stakeholder coordination and delivery.
- Drive strategic renewal improvements such as coverage refinement, data enhancement, pricing quality, bordereaux accuracy and capacity retention.
- Serve as the second line of defence and the senior liaison between Producing Brokers and the Technical Operations.
- Ensure all delegated authority activities meet Lloyd’s, regulatory and internal governance standards.
- Own the resolution of complex exceptions, referrals and special acceptances.
- Conduct monthly or quarterly portfolio performance reviews with brokers, underwriters and clients to highlight trends, risks, and improvement actions.
- Act as a senior point of contact for client and Coverholder issues — ensuring timely, high-quality resolution of operational and technical matters.
- Support the Producing Broker in building and maintaining strong relationships with Coverholders, TPAs and carriers.
- Support new business opportunities by providing delegated authority expertise.
About You
- ~3 years of Lloyd's of London Insurance experience with a solid understanding of Lloyd’s and Delegated Authority frameworks.
- ~ Strong knowledge of Binders.
- ~ Solid commercial awareness with the ability to support brokers on placement structure, renewal strategy, pricing considerations and capacity management.
- ~ Skilled in navigating underwriter discussions and client interactions with confidence, authority and technical credibility.
- ~ Excellent relationship-building skills with brokers, underwriters, Coverholders, TPAs and internal stakeholders.
- ~ Confident communicator, able to present technical information in a clear, structured, and commercially relevant way.
- ~ Comfortable acting as the senior escalation point for complex referrals, exceptions and performance issues.
- ~ Competent in reviewing and interpreting bordereaux, performance MI, loss runs, aggregate reports and underwriting KPIs.
Account Executive - Planning in London employer: Nashrock Insurance Recruitment
As an independent and well-respected Lloyd's Broker, we pride ourselves on fostering a dynamic work environment that encourages professional growth and collaboration. Our culture is built on strong relationships, where every team member plays a vital role in driving strategic improvements and delivering exceptional service to our clients. With a focus on employee development and a commitment to excellence, we offer a unique opportunity for Account Executives to thrive in the heart of London's insurance market.
Contact Detail:
Nashrock Insurance Recruitment Recruiting Team
StudySmarter Expert Advice🤫
We think this is how you could land Account Executive - Planning in London
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals on LinkedIn or at events. We all know that sometimes it’s not just what you know, but who you know that can help you land that Account Executive role.
✨Tip Number 2
Prepare for those interviews by researching the company and its culture. We want you to walk in feeling confident and ready to discuss how your experience aligns with their needs, especially around Delegated Authority Contracts.
✨Tip Number 3
Showcase your relationship-building skills! During interviews, share examples of how you've successfully managed relationships with brokers, underwriters, and clients. We want to see that you can be the key link they’re looking for.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Account Executive - Planning in London
Some tips for your application 🫡
Show Your Understanding of the Role:Make sure to highlight your knowledge of Lloyd's and Delegated Authority frameworks in your application. We want to see that you understand the complexities of the role and how you can contribute to our team.
Tailor Your CV and Cover Letter:Don’t just send a generic CV! Tailor it to reflect your experience with brokers, underwriters, and your ability to manage delegated authority contracts. We love seeing how your skills align with what we’re looking for.
Be Clear and Concise:When writing your application, keep it clear and to the point. We appreciate well-structured information that showcases your commercial awareness and relationship-building skills without unnecessary fluff.
Apply Through Our Website:We encourage you to apply directly through our website. 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 Nashrock Insurance Recruitment
✨Know Your Stuff
Make sure you brush up on your knowledge of Lloyd's and Delegated Authority frameworks. Be ready to discuss your experience with Binders and how you've navigated complex broking matters in the past. This will show that you’re not just familiar with the terms, but you can apply them in real-world scenarios.
✨Showcase Your Relationship Skills
Since this role involves a lot of interaction with brokers, underwriters, and clients, be prepared to share examples of how you've built and maintained strong relationships in previous roles. Highlight any specific strategies you used to manage these relationships effectively.
✨Demonstrate Your Problem-Solving Abilities
Be ready to discuss instances where you've resolved complex exceptions or performance issues. Use the STAR method (Situation, Task, Action, Result) to structure your answers, showcasing your ability to act as a senior escalation point.
✨Prepare for Technical Discussions
Since you'll need to present technical information clearly, practice explaining complex concepts in a straightforward way. Think about how you would communicate pricing dynamics or renewal strategies to someone without a technical background, ensuring you come across as confident and credible.
