Associate, Settlement Processing

Lloyd’s is the world’s leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market’s brightest minds, working together for a braver world.

Our role is to inspire courage, so tomorrow’s progress isn’t limited by today’s risks.

Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that’s more sustainable, resilient and inclusive, you’ll find a home at Lloyd’s - build a braver future with us.

Are you looking for a rewarding and challenging career in the insurance sector? If so, this Associate role in our Settlement Processing team could be the perfect opportunity for you, this is a 12 Months FTC (Fixed Term Contract) role

The Settlement Processing team sits within Central Finance, and is responsible for processing payments on behalf of the Lloyd’s market. This is an ideal opportunity for anyone leaving full time education and looking for their first role, as no previous experience is required.

As a Settlement Processing team member, you will be responsible for:

- Processing daily settlement transactions
- Processing transactions for the Corporation, Overseas and Members Services
- Managing the Letter of Credit Scheme for the Lloyd's Market, coordinating with Xchanging, Citibank and Mendes and Mount to fulfil the requests from the brokers and beneficiaries.
- Reporting Cashflow into Quantum to avoid potential overdrafts.
- Reconciling bank accounts on a daily/monthly basis.
- Posting bank entries into Workday to facilitate a timely close process.
- Responding to queries from both internal and external stakeholders in a prompt and professional manner.
- Assisting in Business Continuity tests as required.
- Analysing problems, identifying and implementing new solutions for non-standard business requirements.
- Reviewing processes for improved controls, checks and efficiencies.
- Providing support across other Finance Operations teams as required.

To be successful in this role, you will need:

- Excellent communication and interpersonal skills.
- Good attention to detail and accuracy.
- Ability to work under pressure and meet deadlines.
- Excellent communication skills

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Diversity and inclusion are a focus for us - Lloyd’s aim is to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means we are positive and inclusive about making workplace adjustments, we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development. You can read more about diversity and inclusion on our
- website


We understand that our work/life balance is important to us all and that a hybrid of working from the office and home can offer a great level of flexibility. Flexible working forms part of a total reward approach which offers a host of other benefits over and above the standard offering (generous pension, healthcare, wellbeing etc). These include financial support for training, education & development, a benefit allowance (to spend on our flexible benefits such as gym membership, dental insurance, extra holiday or to partake in our cycle to work scheme), employee recognition scheme and various employee discount schemes.

By choosing Lloyd's, you'll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems.