Delegated Authority Associate Apprentice

Summary

The Delegated Authority Associate Apprentice supports the Delegated Authority team by providing administrative assistance and tracking renewals and onboarding processes. This entry level role is ideal for individuals eager to learn about reinsurance.

Annual wage: £26,000 a year
Minimum wage rates (opens in new tab)
Training course: Financial services administrator (level 3)
Hours: Monday -Friday Shifts to be confirmed
37 hours a week
Possible start date: Monday 6 January
Duration: 1 year 3 months
Positions available: 1

Work

As an apprentice, you’ll work at a company and get hands-on experience. You’ll gain new skills and work alongside experienced staff.

What you’ll do at work

Administrative Support:

Provide comprehensive administrative assistance to the DA team, including scheduling meetings, preparing agendas, and taking minutes to ensure effective communication and follow-up on action items
Maintain organised records of all delegated authority agreements, retrocession contracts, and renewal documents, ensuring easy access for team members

Tracking Renewals:

Monitor and track the renewal timelines for delegated authority agreements and reinsurance contracts, ensuring all deadlines are met
Assist in the preparation of renewal documentation, including data collection and preliminary analysis to support the DA Analyst and Senior DA Analyst in their presentations

Onboarding Support:

Facilitate the onboarding process for new binders and delegated authority agreements by coordinating with relevant stakeholders and ensuring all necessary documentation is completed
Maintain a checklist of onboarding requirements and follow up with team members to ensure timely completion of tasks

Data Management:

Collect and input data from various sources, such as underwriting teams and claims departments, into tracking systems or databases to ensure accurate reporting and analysis
Assist in the preparation of performance reports by compiling data and generating preliminary insights for review by senior team members

Compliance Assistance:

Support the team in ensuring compliance with regulatory requirements and internal policies by maintaining up-to-date records and documentation
Assist in the preparation of compliance reports and audits, ensuring all necessary information is readily available

Communication and Coordination:

Act as a point of contact for internal and external stakeholders regarding administrative queries and renewal processes, ensuring effective communication and timely responses
Coordinate with brokers and other partners to gather necessary information for renewals and onboarding, fostering strong working relationships

Continuous Improvement:

Identify opportunities for process improvements within the administrative and tracking functions, suggesting enhancements to streamline workflows and increase efficiency
Stay updated on industry trends and best practices related to delegated authority and reinsurance, contributing to team discussions and knowledge sharing

Support Team Development:

Participate in team meetings and contribute ideas for enhancing team performance and achieving strategic goals

Where you’ll work

Rokstone, The Monument Building, 11 Monument Street

London

EC3R 8AF

Training

An apprenticeship includes regular training with a college or other training organisation. At least 20% of your working hours will be spent training or studying.

College or training organisation

METAGEDU APPRENTICESHIPS LTD

Your training course

Financial services administrator (level 3)

Equal to A level

Course contents

Quality service delivery: Consistently develops and delivers excellent service to customers, colleagues & advisers, supporting the products / services provided and adhering to ‘Treating Customers Fairly’ principles at all times
Customer communication & relationships: Develops effective relationships with customers & key contacts, handling & resolving issues through effective verbal/written/IT skills.
Team working & collaboration: Understands role within team & impact on others. Consistently endeavours to support colleagues & collaborate to achieve results
Planning & prioritising: Consistently adheres to systems & processes using proficient IT skills, including risk, regulatory and governance requirements

Your training plan

The successful candidate will complete a Level 3 Financial Services Administrator Qualification

Requirements

Essential qualifications

GCSE or equivalent in:

Maths (grade 4-9)
English (grade 4-9)

Let the company know about other relevant qualifications and industry experience you have. They can adjust the apprenticeship to reflect what you already know.

Skills

IT skills
Communication skills
Attention to detail
Organisation skills
Customer care skills
Problem solving skills
Team working
Administrative skills

Other requirements

Starting salary £26,000

About this company

Rokstone, part of the Aventum Group, is an established international underwriting MGA and approved Lloyd’s of London coverholder, where we also hold a Lloyd’s Box. With innovation at our core, we go beyond the ordinary to offer brokers specialised (re)insurance solutions. Within Rokstone, we house specialist MGAs such as Novus, iSure and iFarm, each contributing to our commitment to redefining industry standards.

After this apprenticeship

Excellent progression available within the company
This may lead to a permanent position with employer and future progression

Ask a question

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