Associate Director – Insurance Coverage, Analysis & Advisory

JOB TITLE: Associate Director – Insurance Coverage, Analysis & Advisory

LOCATION: London

HOURS: Full Time

WORKING PATTERN: Our work style is hybrid, which involves spending at least three days per week, or 60% of our time, at our London office.

About This Opportunity

We currently have a fantastic opportunity for an Associate Director to join our Insurance coverage team. The Insurance Coverage 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. This role will see you work closely with insurers across a suite of banking products and undertake analysis on insurers’ financials to inform their strategy, including their solvency, capital and debt.

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:

• Analysing financials of life and non-life insurers with a focus on optimising capital, solvency requirements, funding and debt

• Leading and supporting a designated portfolio of client relationships

• Working with the coverage team and product partners to support origination of mandates across key products, including DCM, lending and letters of credit

• Working with our Capital Structure Advisory team to provide ratings advisory services to insurers

• Leading and supporting lending transactions from initial identification through to negotiation, credit approvals and execution

• Undertaking ongoing peer analysis across insurers in Lloyd’s of London, the UK, Europe, Bermuda and US – including comparing solvency, leverage and debt capacity

Why Lloyds Banking Group?

We’re on an exciting journey to transform our Group and the way we’re shaping finance for good. We’re focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone. Including you.

What You’ll Need

• Client Relationships – an ability to develop strong and trusted client relationships from Treasurer level to C-suite

• Market Knowledge – awareness and understanding of the life and non-life insurance sectors, ideally across Lloyd’s of London, the UK, Europe, Bermuda and US

• Analytical Skills – the ability to interpret and analyse insurers’ Balance Sheets and capital structures, including solvency capital requirements

• Product Knowledge – experience with DCM and specialist lending structures used by insurers

• Ratings Knowledge – knowledge of criteria used by ratings agencies to assess insurers would be beneficial

• Excel – ability to use excel to produce models to support analysis

About Working For Us

Our ambition is to be the leading UK business for diversity, equity and inclusion supporting our customers, colleagues and communities and we’re committed to creating an environment in which everyone can thrive, learn and develop.

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. 

We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. And, as a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long-term health or neurodivergent condition through the Disability Confident Scheme.

We provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. Just let us know what you need.

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

• 30 days’ holiday, with bank holidays on top

• A range of wellbeing initiatives and generous parental leave policies

Ready to start growing with purpose? Apply today.