JOB DESCRIPTION
Position Title: Casualty Apprentice, BMS Re
Reports to: Director, BMS Re
Location: London
Summary of Position:
This position is working with the Casualty team within our Reinsurance department at BMS and is the ideal opportunity for an aspiring insurance professional to join a growing and busy business, building towards being the leading London independent specialist in its fields.
The apprentice will work closely with Brokers, Account Handlers, Claims and others with exposure across a wide range of business lines.
This is an opportunity to learn ‘on the job’ in a dynamic and collaborative environment whilst earning an industry-recognised qualification at the same time.
Alongside the on-the-job development, the apprentice will also enrol onto the Level 3 Insurance Practitioner course, completing the Certificate in Insurance from the Chartered Institute of Insurance. The course will cover the following knowledge areas:
- Insurance market
- Risk and regulatory
- Processes and procedures
- Commercial awareness
Key Responsibilities & Accountabilities:
- Assisting in the co-ordination of the placement of risks, including production of documentation to assist placement and maintenance throughout the risk life cycle (Underwriting Submissions, Market Reform Contracts, Wordings, Endorsements)
- Developing technical knowledge and ability to communicate this to various audiences (insureds, retailers, wholesalers, underwriters and internal stakeholders)
- Assist Account Handler and Broker ensuring that accounts are serviced efficiently and professionally
- Assist in the monitoring and maintenance of workflow, budgetary records, debit notes and policy wordings
- Assist Brokers and Account Handlers to identify opportunities for business development
- Develop knowledge on regulatory requirements (Contract Certainty, LMBS, FCA and international requirements)
- Develop skills which enable and encourage interaction and collaboration with other divisional units
- Adhere to company and regulatory policies, procedures together with mandatory training requirements.
Entry Requirements
- At least five GCSE’s with grades 9-4/A*-C, including English and Maths
- Level 3 qualifications such as A Levels, NVQ or BTEC
Apprentices without English or Maths at Level 2 must achieve this prior to completion of the Apprenticeship.
Functional & Behavioural Competencies required:
- Excellent attention to detail
- A passion and willingness to learn
- Ability to work well in a team and contribute positively to team goals
- Client facing and customer focused with excellent interpersonal and written communication skills
- Excellent IT and organisational skills
- Ability to perform effectively to tight deadlines with good personal organisation and time management skills
- Proactive, always looking for ways of delivering a better or more efficient service
- Communicates clearly; effectively contributes to the team and interacts with others
- Personally demonstrate the five BMS values and ensure that team members are aligned with these:
- Accountable
- Entrepreneurial
- Collaborative
- Empowering
- Disciplined