Financial Institutions Coverage Specialist

London, United Kingdom

003723

Apply now

London, United Kingdom

003723

Apply now

Working at Lockton

At Lockton, we’re passionate about helping our people achieve their ultimate potential. Our people are curious, action-oriented and always striving to make ourselves and those around us better. We’re active listeners working to ensure understanding and problem solvers developing innovative solutions. If you can see yourself delivering excellent service to clients, giving back to our communities and being a part of our caring culture, you belong here.

Schedule

Full Time Permanent

Job type

Experienced Professional

Workplace

Hybrid

Your Responsibilities

We are looking for a Financial Institutions wordings and coverage specialist to join our London office, working within our specialist ‘PACT team’, and partnering primarily with our Financial Institutions practice as an Advisory Contracts & Technical Specialist.

Lockton’s PACT team (Professional & Executive Risk Advisory Contracts and Technical) are the key point of referral for coverage review and analysis, client service development, product development, and thought leadership. Our team enhance Lockton’s service propositions for clients, strengthening Lockton’s credentials when tendering, and increasing effectiveness in negotiations. Key types of insurance frequently dealt with are professional indemnity, cyber-liability, management liability and financial institutions insurance.

In this role you will join a business at their next phase of growth – an established practice building on an excellent track record of client retention and new business success, but with fantastic opportunity and appetite for innovation, immediate impact, and professional development. While working closely and in-depth with the Financial Institutions practice, your involvement with the broader Professions practice will ensure that you maintain a diverse and broad skill set, and you will collaborate and be supported by the wider PACT team across London and Bristol.

Key responsibilities:

Internal Support (Technical/Coverage)

Building relationships across the business and being able to offer insurance coverage advice
Reviewing/drafting coverage input and comparisons prior to external release
Responding to policy wording queries and drafting endorsements
Conducting reviews of Lockton-drafted policy wordings
Creation of new Lockton-drafted policy wordings

External Support (Technical/Coverage)

Participation with account executives in client meetings (in-person & virtual) to explain coverage and provide technical input to existing clients
Participation with new business executives in tenders/RFPs (in-person & virtual) to explain coverage and provide technical input to potential clients

Thought Leadership (Horizon Scanning)

Researching and writing on topical issues, case law and legislative updates
Assisting on thought-leadership projects as required

Training (Technical)

Participation in internal training to associates to assist in their development; assist other trainers with input on key issues relating to own work

Legal Analysis & Review (Contract Review)

Reviewing contractual liability provisions in clients’ third party agreements, and analysing coverage against policy wordings; communication of issues identified to internal stakeholders and/or clients with appropriate sensitivity to commercial issues arising

Qualifications

Significant and demonstrable technical insurance ability in regards to professional and executive risks coverage
Experience in key insurance lines such as financial institutions, directors & officers, professional indemnity or cyber-liability insurance
A team player: Personable, enthusiastic, and credible
Great communication skills: excellent client skills, responsive, able to manage expectations appropriately, and ensuring others are kept informed of activity/progress
Organised: taking a self-managing approach, and able to effectively prioritise
Research skills: able to research a topic thoroughly and accurately
Writing skills: skilled in writing papers for internal and external release

Equal Opportunity Statement

Lockton Companies is proud to provide everyone an equal opportunity to grow and advance. We are committed to an inclusive culture and environment where our people, clients and communities are treated with respect and dignity.

At Lockton, supporting diversity, equity and inclusion is ingrained in our values, and we believe that we are at our best when we fully embrace everyone. We strive to cultivate a caring culture that learns from, celebrates and thrives because of our breadth of differences. As such, we recognize that recruiting, developing and retaining people with diverse backgrounds and experiences is vital and enabling our people to thrive personally and professionally is critical to our long-term success.

About Lockton

Lockton is the largest privately held independent insurance brokerage in the world. Since 1966, our independence has allowed us to serve our clients, take care of our people and give back to our communities. As such, our 13,100+ Associates doing business in over 155 countries are empowered to do what’s right every day.

At Lockton, we believe in the power of all people. You belong at Lockton.

How We Will Support You

At Lockton, we empower you to be true to yourself in all that you do. Your success is our success, and we provide opportunities to help you grow and create a rewarding career path, however you envision it.

We are ready to meet you where you are today, and as your needs change over time. In addition to industry-leading health insurance, we offer additional options to support your overall health and wellbeing.

Learn more about your Lockton experience

No Agencies Please

Any Employment Agency, person or entity that submits an unsolicited resume to this site does so with the understanding that the applicant's resume will become the property of Lockton Companies, Inc. Lockton Companies will have the right to hire that applicant at its discretion and without any fee owed to the submitting Employment Agency, person or entity. Employment Agencies, who have fee Agreements with Lockton Companies must submit applicants to the designated Lockton Companies Employment Coordinator to be eligible for placement fees.

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