Courtney Williams – Lloyd’s Finance Apprentice
Before starting the apprenticeship scheme, I was studying for my AAT level 2 qualifications whilst taking on the responsibility of a full time care worker. When I passed my exams, I found out about the Lloyd’s apprenticeship through my local college and applied for the scheme. I was lucky enough to get through all of the stages of the application process and counted myself even luckier when taking into consideration that there were only 10 roles available.
The Lloyd’s offices are based in two different locations; 1 Lime Street in London and Chatham Dockside in Kent. My role is based in the Chatham offices, with one of the insurance apprentices. Although my role is in Chatham, I still get the opportunity to visit the London offices for workshops, where I can also see my peers so I don’t feel disadvantaged that I’m not based on London.
As the only Finance apprentice, I’m split between two teams in the Financial Control area; Fund accounting and financial accounting, which includes overseas and operations. Some of the jobs that I have learnt so far include uploading journals, learning headcount journals, re-extracting pension scheme, dealing with payments, reporting back to different types of accounts, monitoring teams progress, learning the cooperation investments spreadsheet, learning how to do the stock monthly journal, finding out crucial information such as purchasing orders for suppliers, and so much more.
As part of the scheme, I get to sit my AAT (Association of Accounting Technicians) Level 3 qualifications, which is made up of seven exams covering the following topics; advance booking, final accounts preparation, management accounting, indirect tax, ethics for accounts, spreadsheets for accounting and a synoptic assessment.
Over the period of a month, I am required to go to college for one day a week to be taught one of the seven topics. Once the month is up, I have a month and a half before I am required to go back to college. During this time it is recommended to take the exam that covers the topic you have just learnt, before you go back to college to learn the next topic.
I would recommend that when you’re not busy in the office to book a meeting room and do some studying – this is important for you to pass your exams. Working in the office also helps with your exams as it is easy to quickly pick up the terminology.
It is important to remember that it may take a while to learn the job that you are required to do; however there is lots of support from the programme talent managers as well as your team. If you have an issue there is always someone that you can talk to about it. Settling in has been so easy and after a month of being here I feel like I’ve been here for years.