Construction Account Executive
3 weeks ago
Job: Construction Account Executive
**Salary**: £60,000
Location: Hybrid working - Home/ London
Lloyds Broker looking for an AccountExeutive to join their Construction division. The purpose of the role is to deliver client service through; advising clients on their insurance programmes, negotiating and placing contracts of insurance that meet client needs and conforming to company practice quality standards.
Main Duties:
- Quoting, Placement and Post Contract Alterations
- Analyse and provide advice on risk and insurance issues and structure appropriate coverage.
- Placing structure is appropriate to the insured's operations; exposure and risk transfer goals.
- Market presentations secure best possible terms for the client, with full material disclosure.
- Negotiates and obtains the most appropriate carrier, coverage and price for the clients' requirements.
- Negotiates agreement to post-placement changes, e.g. by contract endorsement.
- Maintain thorough and timely records of market negotiations, presentations and communications with insurers and with clients
- Ensure correspondence, documentation, statistic etc. are retained on paper and electronic files in accordance with BPM and divisional procedures to demonstrate a complete audit trail.
- Identifies and manages client requirements in accordance with the terms of appointment
- Builds and maintains strong client relationships
- Achieves a high rate of client retention through well-planned and executed account renewal management
- Ensures there are sufficient resources to meet client day-to-day demands and escalates servicing issues to divisional management as necessary
- Legal, market, regulatory and Best Practice Manual requirements are met in all aspects of business acquisition, placing, claims and servicing.
Key Skills/ Requirements:
- London or international market experience preferably in Client Account servicing
- Handling of large/ international corporations
- Market and industry structure and operation, including regulation and current market practice
- Sector specific risks and insurance products/solutions
- Slip drafting
- Risk Analysis
- Negotiation
- Well-developed verbal and written communication
REF: 9088
MW Appointments is acting as an Employment Agency in relation to this vacancy.
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