Junior Lloyd’s Broker - Lothbury UK

Lothbury UK Ltd is an independently owned Chartered Insurance Broker with offices in London, Chester and North Wales.

As one of only 388 Lloyd’s of London Brokers, Lothbury UK Ltd are able to provide bespoke commercial insurance services by drawing on our extensive connections in both the London and Composite Markets, ensuring that our team are able to source the best solutions for our clients.

This position is based out of our London office, which is situated in the prestigious Lloyd’s of London building, 1 Lime Street, London, EC3M 7HA . The position is full time (35 hours per week) and will become permanent following completion of a six month probation period (standard).

We offer salary increase incentives on completion of Chartered Insurance Institute exams (Cert CII, funded by Lothbury UK Ltd) of £500 increment for each successful completion of an exam.

Employee Benefits

There are additional employee benefits once the probation period is passed which include Private Medical Insurance, Death in Service, Exam study and exam support with salary enhancements for passing, bonus structure once fully trained, and with a hybrid working structure (1-2 days working from home).

Responsibilities include:
• Dealing with incoming enquiries from wholesale brokers, clients and other offices in a professional and timely manner.
• Assisting in the preparation of contract documentation and endorsements, underwriting presentations for renewals and new business.
• Providing support to other Brokers in all aspects of broking as required.
• Following up on new and existing renewal business quotations and lending support to Brokers, including attendance at weekly team meetings.
• Maintaining and ensuring completeness of market correspondence in accordance with the company procedures. Assisting in regular file audits.
• Use of Acturis, PPL and other relevant London Market systems following training.
• Processing transactions and preparing evidence of cover documents/Market Reform Contracts (which comply with company standards and current market practice), debit notes and premium adjustments in accordance with instructions given by Brokers/Account Mangers.
• Assisting in the technical administration/operation of London Market facilities. Early review of renewals and referral to Underwriters subject to terms of London Market facilities.
• Monitoring the timeliness of the placement process to ensure Contract Certainty is achieved and FCA deadlines are adhered to.
• Researching and approaching Lloyd’s syndicates and company markets.
• Building strong relationships with Underwriters and wholesale brokers.
• Broking of risks direct with Underwriters within Lloyd’s and the London Market.
• Providing excellent customer service and quick response times to all clients and colleagues.
• Assisting in researching and approaching new prospects.
• Working towards Cert CII with an opportunity to pursue further funded qualifications.

Skills & Abilities
• Intermediate knowledge of IT systems (Word, Excel, Outlook, etc.).
• Excellent communication skills.
• Attention to detail.
• Problem solving skills.
• Organisational and time management skills.
• Enthusiastic and passionate.
• Self-motivated and results driven.
• Team player with the ability to work on your own initiative.
• Willingness to take responsibility and ownership.
• Determination and willingness to learn about Insurance Processes and the London Market.