Placement Broker - Retail Property

Placement Broker – Retail Property

Since its foundation in 1966 Lockton has grown to become the world’s largest privately held independent by helping clients achieve their business objectives. Today with more than 8000 Associates in over 100 offices worldwide, Lockton’s dynamic and innovative organisation truly embraces its uncommonly independent status.

For nine consecutive years, Business Insurance magazine has recognised Lockton as a ‘Best Place to Work in Insurance’ and we now have a new opportunity for a Retail Property Broker in the city.

Role’s Purpose

Provide programme design, placement, marketing, and consultancy services for Lockton clients in line with agreed account strategies and in accordance with Lockton operating procedures.

Role Responsibilities:

• Responsible to Lockton Clients for the programme design, placement and delivery for Property Damage and Business Interruption policies.
• Manage market relationships at both an operational and strategic level.
• Market access across a broad range of geographies including London/UK, Central Europe.
• Understand clients risk profile, business needs and exposures to provide advice on coverage, programme pricing and retention strategy.
• Overseeing the preparation and issuance of appropriate coverage documentation, including wordings and placement slips within agreed contract certainty deadlines.
• Assist with the resolution of service issues with insurers and other third-party providers.
• Undertake technical reviews (where identified) of insurance programmes for clients, making recommendations for change, where deemed relevant.
• Undertake appropriate benchmarking for clients on their programme limits, coverage and deductibles as required.
• Maintain a current knowledge of cover written by the major insurers and communicate to appropriate Associates.
• Keep abreast of insurance market developments and communicate to those Associates as deemed appropriate.
• Constantly monitor the market in order to consider the most appropriate placement strategy for Lockton clients.
• Support on New Business opportunities driving organisational revenue growth.
• Provide support in drafting reports/presentations/bulletins for use both internally and externally.
• Drive team efficiencies through innovative input on new products and process.

Candidate Profile

• CII Qualification
• Proven track record of effective stakeholder management
• Ability to review and understand financial Management Information
• Previous experience in placing retail property business for UK & Global clients.
• Ability to develop innovative and practical solutions for clients.
• Maintains client and market relationships to enable resolution of issues and completion of client project.
• Demonstrates strong professional negotiation and persuasion skills to achieve objectives.
• Able to engage others to introduce approaches that transform the business.

In return Lockton remain committed to recognising and sustainably rewarding Associates empowering you to put your clients and their business first.

We attract the best professionals to come and work with us who are excited by our unique culture that values respect, ethical, moral, and caring approach, in fact our Associates are our greatest asset.