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: Exciting opportunities for career growth and strategic improvements.
- 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 45000 - 55000 € 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 Management Executive in London employer: Nashrock Insurance Recruitment
As a leading independent Lloyd's Broker, we pride ourselves on fostering a dynamic and inclusive work environment that empowers our employees to take ownership of their roles. Our Account Management Executive position offers not only competitive remuneration and benefits but also ample opportunities for professional growth and development within the Delegated Authorities Division. Located in the heart of London, we provide a vibrant workplace culture that encourages collaboration and innovation, making us an exceptional employer for those seeking a rewarding career in the insurance industry.
Contact Detail:
Nashrock Insurance Recruitment Recruiting Team
StudySmarter Expert Advice🤫
We think this is how you could land Account Management Executive in London
✨Tip Number 1
Network like a pro! Get out there and connect with people in the industry. Attend events, join online forums, and don’t be shy about reaching out to potential contacts on LinkedIn. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their approach to Delegated Authority Contracts and think about how your experience aligns with their needs. This will help you stand out as a candidate who’s genuinely interested in the role.
✨Tip Number 3
Practice your pitch! Be ready to explain how your skills in managing complex broking matters and building relationships can benefit the team. A confident and clear presentation of your abilities can make all the difference in landing that job.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities waiting for you, and applying directly can sometimes give you an edge. Plus, it shows you’re proactive and really keen on joining our team!
We think you need these skills to ace Account Management Executive in London
Some tips for your application 🫡
Show Your Understanding of the Role:Make sure to highlight your knowledge of Delegated Authority Contracts and how they fit into the Lloyd's framework. We want to see that you understand the nuances of the role and can bring valuable insights to the table.
Tailor Your Application:Don’t just send a generic CV and cover letter! We love it when applicants tailor their documents to reflect the specific skills and experiences that match the job description. Show us why you're the perfect fit for this Account Management Executive position.
Highlight Your Relationship-Building Skills:Since this role involves a lot of interaction with brokers, underwriters, and clients, make sure to showcase your relationship-building abilities. We want to know how you've successfully managed these connections in the past!
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’re considered for the role. Plus, it shows us you’re keen on joining 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 specific examples from your experience that demonstrate your understanding of complex broking matters, renewal strategies, and pricing dynamics.
✨Showcase Your Relationship Skills
This role is all about building strong relationships. Prepare to share stories about how you've successfully managed relationships with brokers, underwriters, and clients. Highlight your communication skills and how you've navigated challenging discussions with confidence.
✨Be Ready to Lead
Since you'll sometimes be leading client and underwriter meetings, practice articulating your thoughts clearly and confidently. Think about how you can represent the delegated authority function with authority and credibility, and prepare to discuss how you've led similar situations in the past.
✨Prepare for Technical Questions
Expect questions around technical aspects like bordereaux accuracy and performance reviews. Brush up on your ability to interpret performance MI and underwriting KPIs, and be prepared to discuss how you've used this data to drive strategic improvements in your previous roles.
