Legal, Finance & Accounting

Accounts/Finance Assistant (AAT) Level 2

Duration – The apprenticeship will typically take 12-18 months to complete

 An Accounts/Finance Assistant is an integral part of the team responsible for maintaining an efficient and accurate finance function within a business, assisting the team of accounts with junior accounting duties.  In addition to the Knowledge, Skills and Behaviours required for this apprenticeship, an Assistant Accountant apprentice will study the following modules to achieve AAT L2 qualification:

  • Bookkeeping Transactions
  • Bookkeeping Controls
  • Using Accounting Software
  • Elements of Costing
  • Synoptic Assessment

Apprentices will attend a 3hr college lesson on a day release basis to study AAT Level 2 to underpin the knowledge elements of the apprenticeship. In addition apprentices are required to build a portfolio of evidence during their time on the programme.Each apprentice will be allocated a Coach to support ongoing learning and preparation for EPA. In addition Progress Reviews will take place regularly to ensure the apprentice is on track.End Point AssessmentThe two EPA assessment methods are:

  • Structured interview (supported by a portfolio of evidence summary)
  • In-tray test

Progression

Progression to Assistant Accountant Standard and AAT L3

Assistant Accountant (AAT) Level 3

Duration – The apprenticeship will typically take 12-18 months to complete

An Accounts/Finance Assistant is an integral part of the team responsible for carrying out routine financial activities and support for businesses and organisations of all types and sizes, such as data entry, month end management accounts and/or year-end financial statements. In addition the Assistant Accountant may find themselves involved in regulatory financial requirements such as the completion of VAT returns or assisting in the preparation of tax computations.  In addition to the Knowledge, Skills and Behaviours required for this apprenticeship, an Assistant Accountant apprentice will study the following modules to achieve AAT L3 qualification:

  • Advanced Bookkeeping
  • Final Accounts Preparation
  • Management Accounting: Costings
  • Indirect Tax
  • Ethics for Accountants
  • Spreadsheets for Accounting
  • Synoptic Assessment

Apprentices will attend a 6.5hr college lesson on a day release basis to study AAT Level 3 to underpin the knowledge elements of the apprenticeship. In addition apprentices are required to build a portfolio of evidence during their time on the programme.Each apprentice will be allocated a Coach to support ongoing learning and preparation for EPA. In addition Progress Reviews will take place regularly to ensure the apprentice is on track.

End Point Assessment

The two EPA assessment methods are:

  • Synoptic end-test
  • A Portfolio and reflective discussion

Professional Accounting Technician (AAT) Level 4

A Professional Accounting Technician will have responsibility for creating and/or verifying and reviewing accurate and timely financial information within the organisation in which they are employed or on behalf of another organisation.  This will be performed in order to meet relevant ethical professional and legal standards and will utilise the individual’s knowledge of the business systems and processes, as well as standard accounting practices.  This role may exist in an accounting practice, a professional services company or the accounting function of a business or other organisation.

In addition to the Knowledge, Skills and Behaviours required for the apprenticeship, a Professional Accounting Technician apprentice will study the following modules to achieve AAT L4 qualification:

  • Financial Statements of Limited companies
  • Management Accounting: Budgeting
  • Management Accounting: Decision and Control
  • Accounting Systems and Controls
  • Cash and Treasury Management
  • Credit Management
  • Professional Synoptic Assessment

Apprentices will attend College on a day release basis to study AAT L4 to underpin the knowledge elements of the apprenticeship.  In addition apprentices are required to build a portfolio of evidence during their time on the programme.

Each apprentice will be allocated a coach to support ongoing learning and preparation for EPA.  In addition Progress Reviews will take place regularly to ensure the apprentice is on track.

End Point Assessment

The two EPA assessment methods are:

  • Portfolio of Evidence
  • Role Simulation

Link to Professional Registration

Apprentices who achieve AAT L4 will be eligible to apply for full AAT membership

Financial Services Administrator Level 3

Duration – The apprenticeship will typically take 12-18 months to complete

The Financial Services Administrator apprentice provides administrative support to a financial organisation, to provide a high quality and compliant service. The apprenticeship is the ideal entry point for an apprentice wishing for a career in the financial sector, with progression routes leading to a number of roles with full professional qualification.

In addition to the Knowledge, Skill and Behaviours required for this apprenticeship, a Financial Services Administrator apprentice will study for one of the following qualifications:

  • UK Financial Services, Regulation & Ethics (CF1) – Chartered Insurance Institute (CII) UK Financial Regulations (UKFR) – IFS University College (Institute of Financial Services) Financial Services Regulations and Ethics – Chartered Bankers Institute (CB)
  • Introduction to Securities and Invest; UK Financial Regulation; Administration of Settlements and Investments – Chartered Institute for Securities and Investments (CISI)

Each apprentice will be allocated a Coach to support ongoing learning and preparation for EPA.  In addition Progress Reviews will take place regularly to ensure the apprentice is on track.

End Point Assessment

The three EPA assessment methods are:

  • A Work Based Project
  • A Portfolio of Evidence
  • A Panel Interview/Viva

Link to Professional Registration

This apprenticeship provides the first step on the pathway to professional membership of the Chartered Insurance Institute, IFS University College (Institute of Financial Services) or Chartered Institute of Securities and Investment

Progression

This is an entry level role which provides the foundation knowledge, skills and experience for progression into a number of career paths including Financial Adviser, Senior Administrator, Paraplanner or Mortgage Adviser

Financial Advisor Level 4

This Level 4 Higher Apprenticeship is for those who are developing in a role where they are providing clients with specialist advice on how to manage money. Apprentices will ideally already have experience of working in the sector,

The apprenticeship includes the Level 4 FCA approved qualification: Diploma in Regulated Financial Planning. The apprentice will work with a learning coach over the course of the apprenticeship to develop the necessary skills, knowledge and behaviours required. The apprenticeship is completed through a formal end point assessment which includes a case study test, and portfolio of evidence and a professional discussion.

Insurance Practitioner Level 3

This Apprenticeship offers an entry level role into a diverse industry as an apprentice learns to support the sale and renewal of insurance products. The apprentice will develop highly-transferable competencies and will be responsible for a range of duties, including providing support in client acquisition, handling client queries and issuing documentation.