Delegated Authority Associate Apprentice

Opportunity information
Salary £26000 per year
Duration 15 months
Advert closing date 13/12/2024
Description
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.
**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.

Entry requirements
- At least 5 A-C equivalent Grade GCSE’s including English, Maths and preferably ICT.
- No prior experience required; however, an interest in the Delegated Authority space and a willingness to learn are essential.
- A desire to gain deeper knowledge in reinsurance concepts, particularly related to binders, delegated authorities, and retrocession contracts is encouraged.
- Excellent verbal and written communication skills, with the ability to interact positively with team members and external stakeholders.
- Strong organisational skills and attention to detail, with the ability to manage multiple priorities and meet deadlines.
- Familiarity with MS Office suite.
- Ability to collaborate effectively with internal and external stakeholders, fostering positive working relationships.
- Proactive attitude with a willingness to take on new challenges

Training to be provided
Things to consider
Starting salary £26,000
Skills required
Array
Future prospects
Excellent progression available within the company. This may lead to a permanent position with employer and future progression.
Hours per week 37.5
Working week Monday -Friday
Apprenticeship standard Financial services administrator (Level 3)
London, London, England, EC3R 8AF