AAT Technical Accountant Apprentice

Job duties include:
To be responsible for all technical accounting issues within the branch, for assigned portfolios of clients.

Key Responsibilities:

Maintaining appropriate accounting arrangements Monitoring the quality and appropriateness of the client accounts Processing of client accounts Collection of premiums Developing methods to enhance the smooth running of the financial relationship with the client Administering relevant client accounts, technical posting, client cash balance, accounts quality control and data collection Assisting in the overall management of the portfolio including profit analysis and portfolio ‘audits’ Assisting in managing the accounting relationship with clients including managing clients’ expectations and meeting deadlines / service standards as required. This will include an element of direct client contact Working closely with other technical areas such as underwriting and claims to ensure an effective overall client relationship

Training:

Advanced Diploma - AAT Level 3.

Advanced builds on the knowledge gained in the Foundation level. If you work in accounts or have studied accountancy before, you may be able to start at this level. You’ll learn complex accounting techniques and master a number of accounting disciplines including financial processes, advanced bookkeeping, final accounts and ethical practices for accountants. 

This level will encourage you to master more complex accounting principles in both Bookkeeping and Management Accounting. You’ll develop the technical skills to start, or progress, your career in accountancy and this will allow you to continue with your studies onto Level 4.

To pass this level you’ll need to study five units (also known as subjects), which are all mandatory. Four of the units are examined individually and there is also a synoptic assessment that you’ll take towards the end of the level, which incorporates the final two units as well as drawing on all of the other units you’ve studied at this level.

The area you will cover include:

Advanced Bookkeeping Final Accounts Preparation Management Accounting: Costing Indirect Tax Advanced Synoptic Assessment

The apprenticeship standard details the essential Knowledge, Skills and Behaviours that somebody would need to demonstrate to be a successful Assistant Accountant, this includes, Business Awareness, Ethics, Communication, Embracing Change and Problem Solving. Apprentices will need to show they are competent in all the areas detailed in the standard when they take End Point Assessment.

The Knowledge areas of the standard will typically be covered through completion of the AAT qualification. Skills and Behaviours are developed through workshops, e-learning, workplace training and practical experience provided ‘on-the-job’.

Training Outcome:

Great amount of exposure for the employee with networking opportunities and development. This will put them in good stead once they have completed their level 3 to become a more experienced professional.

Employer Description:
With the office in Munich, it forms the Life 1 division of Munich Re. The UK life market is one of the, if not the, most competitive life markets in the world. We understand that Life insurers work in a dynamic market where medical progress, demographic trends and changing lifestyles are constantly giving rise to new risk landscapes. This demanding situation is made even more challenging by changing laws and regulations and ever tougher competition. So, we need a smart strategy and structure in order to succeed. At UK & Ireland Life we have three pillars to our business strategy, protection, longevity and reinsurance structuring. All three are key to the success of our business so it’s important to look at the big picture. In terms of clients, we trust them as experts of their business and provide them with the financial strength of the world’s largest reinsurer, global expertise, and sharp pricing so that they are both competitive and profitable.

Working Hours :
35 hours per week. Days and shifts TBC.

Skills:
Communication skills,IT skills,Attention to detail,Organisation skills,Problem solving skills,Administrative skills,Analytical skills,Number skills,Team working