If you are going to take on Actuarial technician apprentices from a government-funded program, you will need to sign an apprenticeship agreement with them. This means you need to think about the terms of this agreement before you begin work with your apprentice. Here we look at what the key points to include in your apprenticeship agreement are as well as the available funding for the Actuarial technician apprenticeship.
The apprenticeship agreement is a statutory requirement for the employment of an apprentice in connection with an approved apprenticeship standard. An apprenticeship agreement must be in place when an individual starts a statutory apprenticeship programme and should remain in place throughout the apprenticeship. The end date is when the end-point assessment is due to be completed.
The Actuarial technician apprenticeship typically lasts 24 months and the end of qualification assessment is provided by Ofqual.
The apprentice will learn to help colleagues to build mathematical models to make financial predications for clients.
The Actuarial technician apprenticeship is a Level 4 Legal, finance and accounting apprenticeship and the maximum funding available for employers is £15,000. You can find more information about the role and funding from the Institute for Apprenticeships and Technical Education.
The key terms of an apprenticeship agreement are:
To create your Actuarial technician apprenticeship agreement, create a Legislate account and select the agreement from the list of available contracts. Set the terms of the agreement and invite the apprentice to e-sign the contract directly from Legislate.
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