Global Risks Apprentice

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Global Risks Apprentice

Global Risks Apprentice

  • Location:

    City of London

  • Contact:

    Aaron Gavin

  • Contact email:

    aaron.gavin@theacin.co.uk

  • Job ref:

    43

  • Published:

    19 days ago

  • Expiry date:

    2021-07-22

About the Company:

BMS is a dynamic global broker that provides specialist insurance, reinsurance and capital markets advisory services. Today we place $2.9bn of premiums each year and employ more than 520 people across 22 offices around the world in key hubs such as London, New York, Madrid, Singapore and Sydney. 

Summary of Position:

This position is working with the Global Risks team 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, which include Energy, Marine, US and International Property and Private Equity, Mergers & Acquisitions.

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