The first step of the application process is the online application. As well as filling your details and uploading your CV, you will also be given some questions to answer. One question that you may well be asked is “Why do you think that you are right for Lloyds?” This is a hard question, particularly as they only take in around 15 graduates a year. Therefore it is imperative that you look at the key competencies needed for your specific job and incorporate them into your answer. For example, if you have applied for the claims department you need to show that you have the following:
If you do well enough at this stage you will be sent a link in your email and asked to do the Lloyds Numerical test.
As Lloyds is in the insurance world, you will have to show that you have a complete grasp of the mathematics involved in this line of work. To this end, there is no Lloyd’s verbal reasoning test but rather a numerical test alone. This test is provided by CEB SHL test company. In this test you will have approximately 20 minutes to answer as many questions as you can. These tests are designed to assess your ability to interpret complex numerical data under severe time constraints. Through these tests only the best will go on in the process. Thus, to ensure that you are able to perform to the best of your ability, it is necessary to practise CEB SHL-style numerical tests beforehand.
If you have done well enough on these tests you will move on and receive the Lloyds telephone interview. This is a half an hour interview that is completely competency based. In your online application form you will have information about the four competencies that are specific to your job. The interviewer will tell you that you are going to be tested on three of those. You will need to answer these questions in the STAR method as they want to hear a complete story in order to see that you aren't making it up as well as giving yourself the best chance to advance. Give yourself the best chance at this interview by reviewing your application as well as preparing your answers in advance. It is advisable to have some notes available for reference as well.
The next step of the process is an invitation to the Lloyds assessment centre. This is a full day assessment centre and you will be with 9 other candidates applying for the same position. There are a few different activities that will take place.
Here you will be split into two groups of five and given about four pages of information to read through and analyse. You have 15 minutes for this. You will then be given a question based on the information given and have to come to a conclusion as a group on how to best go about dealing with it. You are given 25 minutes for this and will be assessed along the way. It is imperative to show off your competencies as well as being outgoing enough to make sure you are heard the whole way through the discussion.
In this task you will be given a document and be given about 20 minutes to read it. The documentation is very much along the same lines that you will face in the job itself. You will then be joined by an assessor and a second person playing a certain role. You will have 25 minutes to discuss with this person the different options and details available to you such as budgetary and research duration issues relating to the subject matter.
This interview is only about 20 minutes in length and like the Lloyds telephone interview is purely competency based. Some possible questions are:
For some people this is the hardest exercise of the day. You will be over 10 pages of information with two possible answers. For example, you may be given information about a new possible site for a school with the various pros and cons of each possible site. You have an hour to write a proposal for the best site. The information that you glean from this assessment will be used as basis for the next task, the Lloyds presentation. Hone the skills needed for this and prepare with our written exercises preparation pack.
After the completion of the written exercise, you will be given an additional 15 minutes to prepare a presentation of your solution. You will be given a flip chart to prepare some visual aids for your presentation. This will take place in front of two assessors for a 15 minute presentation. You will then get an additional 15 minutes of questioning about your reasoning and why you decided on this course of action. Remember, they know more than you, so if you realise that you have overlooked something it is correct to say so. They know that you are not as experienced as they are and don’t expect you to be perfect. If you can take constructive criticism it will stand you in really good stead.
This is the final test of the day and is slightly harder than the one you took online earlier. Again, this is 20 minutes long with 20 questions. Make sure you brush up on your skills before the Lloyds assessment centre.
Lloyds only take on a very small number of graduates each year, so in order to ensure that you are one of them, you must stand out throughout the process. Preparation for each stage is vital, and with JobTestPrep you can get the practice you need. We hope you have found this article useful. Good luck.