Associate - Insurance Coverage

We currently have a fantastic opportunity for an Associate to join our Insurance coverage team. Our team sits within the Institutional client coverage business within Commercial and Institutional Banking ('CIB') operating across the UK and North America. You'll support the Insurance team achieve our growth strategy and help grow the Insurance business by building strong sustainable relationships, allowing us to improve and grow income generation whilst effectively handling risk. The Insurance team is one of the leading providers of commercial banking products to the global insurance sector. Our team, operating in London and New York, holds extensive relationships with the senior management teams of Life and Non-life insurers and insurance brokers across the UK, Europe, Bermuda, and North America. The team is multi-disciplined, with our clients using the full suite of commercial banking products ranging from complex loan financings, Cash Management Solutions and Debt Capital Markets issuances to letters of credit and hedging. We seek to support our team members and offer opportunities for all colleagues to develop. Your accountabilities will include:

• Support a designated portfolio of client relationships. Identify and satisfy client needs in the most appropriate way whilst meeting our credit, conduct and commercial requirements.
• Collaborate closely with product and delivery partners across the Bank to market the full range of the Bank's products to clients.
• Extensive involvement in lending transactions from initial identification through to negotiation, credit approvals and execution.
• Explore ways to meet client requirements and find opportunities to develop further income, recommending and implementing the appropriate solutions.
• Support the client interface on behalf of the Group and other interested parties ensuring enquiries and issues are satisfactorily resolved.
• Observe conduct, market and other relevant risk processes and procedures. This includes management of Material Non-Public Information (MNPI) and associated policies.
• Prepare and present responses to invitations to tender for new and existing business, collaborating closely with product partners.
• Support and develop business leads and introductions, as appropriate, improving business growth for the Group.
• Over time, develop an external network of professionals practising in the insurance industry who can assist the Bank in developing its business.
• Lead any changes to Bank policies, systems, processes and working practices to achieve operational improvements.
• Scope, review, negotiate and implement legal and other documentation ensuring compliance with credit sanction, Bank and Regulatory policy to minimise risk.
• Review management information in order to provide reports for senior management to monitor profitability and control risk.
  
  Analytical Skills - can visualise, articulate, conceptualise and solve both complex and uncomplicated problems by making decisions that are sensible given the available information.
• Relationship Skills - proactive in developing relationships and building alliances with customers focused on future needs. Aims to exceed expectations and effectively engages in a dialogue with clients to deliver value to both them and LBG. Delivers on service commitments.
• Delivering Results - Strives to consistently achieve strong and timely results as agreed with clients or colleagues. Maintains focus and perseveres in the face of adversity. Uses time efficiently and responds quickly and constructively when confronted with challenges with an ability to prioritise tasks.
• Market Knowledge - awareness and understanding of the wider business, economic and market environment in which the Insurance and Financial Services business operates. Knowledge of the insurance industry is encouraged but not essential.
  
  At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.
We keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person. We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we're building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.

Our focus is to ensure we're inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms. We want our people to feel that they belong and can be their best, regardless of background, identity, or culture. We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer initiative. And it's why we especially welcome applications from under-represented groups. We're disability confident. So, if you'd like reasonable adjustments to be made to our recruitment processes, just let us know. We also offer a wide-ranging benefits package, which includes:
• A generous pension contribution of up to 15%
• An annual performance-related bonus
• Share schemes including free shares
• Benefits you can adapt to your lifestyle, such as discounted shopping
• 28 days' holiday, with bank holidays on top
• A range of wellbeing initiatives and generous parental leave policies