Aon Graduate Programme - Captive & Insurance Management

Aon Graduate Programme - Captive & Insurance Management

Full-Time 25000 - 32000 £ / year (est.) Home office (partial)
Aon Corporation

At a Glance

  • Tasks: Kick-start your career in the Captive Insurance Industry with hands-on experience and diverse responsibilities.
  • Company: Join Aon, a global leader in risk management and insurance solutions.
  • Benefits: Enjoy competitive salary, professional development support, and flexible working options.
  • Other info: Dynamic work environment with a focus on inclusivity and personal growth.
  • Why this job: Gain invaluable expertise in re/insurance and enjoy excellent career progression opportunities.
  • Qualifications: Must have or be on track for a 2:1 degree; passion for actuarial careers is essential.

The predicted salary is between 25000 - 32000 £ per year.

Have you completed your third level degree? Are you ready to kick‑start your career within the Captive Insurance Industry? If so, this might be the role for you! This is a permanent, full‑time role based in our Guernsey office.

Better Decisions Begin with You

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. As an organisation, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.

A Captive Insurance Company is a licensed insurance or reinsurance company owned by a parent organization that insures or reinsures the risks of its parent and associated companies. Once set up, a captive works in the same way as a commercial insurance company. We work with organizations to develop risk financing strategies that efficiently balance risk retention and risk transfer.

What the day will look like:

  • Assist in the preparation of all insurance related matters for client Board packs and strategy meetings.
  • Support of, or presentation of insurance related matters to client Directors at Board Meetings and/or strategy meetings.
  • Ensure all documentation, correspondence and telephone calls are dealt with professionally, efficiently, and accurately.
  • Development of sound business relations with client staff responsible for insurance related matters.
  • Maintaining an electronic filing system for each client assigned, ensuring all documents are filed in accordance with procedures manuals on a timely basis.
  • Ensure a suitable archiving policy is being followed and all archiving is clearly labelled.
  • Interaction with various people in a professional manner.
  • Monitor the renewal deadlines for allocated clients and be proactive in starting renewal process.
  • Assist with re/insurance contract and reinsurance trust agreement wording reviews for new and renewing business.
  • Assist with the maintenance of deal monitor and collateral tracking systems for ILS clients including but not limited to inputting data from reinsurance contracts, extracting usable information and manipulating data for the benefit of our clients.
  • Monitoring and chasing premiums receipts, reinsurance recoveries, commissions and brokerage payments.
  • Receive and review claims bordereaux and other loss information received from brokers.
  • Preparation of claims authorisation forms.
  • Consideration of current and existing client insurance programmes and development thereof.
  • Ensure clients are kept abreast of all relevant information in connection with Aon, ACSG and the insurance markets worldwide.
  • Work closely with team colleagues on a proactive basis toward achieving both Aon Impact Model and client goals.
  • Day to day insurance administration and assistance with underwriting and claims functions of a range of insurance licensed vehicles to ensure that office and client business strategies, plans and insurance programme placements are achieved, and that administration excellence is provided to clients.

The role will be varied, and the successful candidate will gain invaluable re/insurance and ILS expertise which will allow for excellent career progression in the industry.

Your Development

As an Aon Graduate, you will be enrolled onto our Launch Programme after you join. This development programme is built around 3 core elements:

  • Business learning. On the job learning and experiences enabling you to develop your knowledge and understanding of your team and solution line.
  • Centralised learning. Our UK graduates complete in an Aon Induction, monthly webinars, business skills training and workshops; all designed to develop your knowledge of Aon, build your confidence and your network across our business.
  • Professional Qualifications – we want you to be as successful as possible, so through our graduate programme, we’ll fully support your study towards professional qualification, the Level 6 Retirement Provisions Pathway with the Pensions Management Institute (PMI). To support you as you study for your exams, you’ll receive paid study leave, plus an extensive range of study and tuition materials.

Your career beyond your Graduate programme

Once you’ve completed the formal graduate programme, you’ll continue to receive lots of support at Aon. As well as continued technical and business skills training, you’ll receive support for your PMI qualification. To aid your professional development you’ll receive regular performance feedback, and work with your line manager towards promotions, which are considered twice a year, enabling you to progress from a graduate, to Associate Consultant, then Consultant and beyond!

How this opportunity is different

The Aon Guernsey Graduate Programme offers an opportunity for a graduate to commence their career within the insurance sector at a leading manager of captive insurance companies and insurance related vehicles. The role will be varied with the successful candidates gaining invaluable re/insurance and Insurance Linked Securities expertise which will allow for excellent career progression in the industry. Over the 18-month programme, the successful candidate will spend time in all sections, gaining an insight into the business as a whole.

Next Steps

If you are interested in this graduate programme and would like to apply, here are some things to help you:

Entry Requirements:

  • You will need to have or be on track to achieve a 2:1 degree (or equivalent) in any degree subject area.
  • Right to work. Our Graduates are on permanent contracts from day one, so applicants for this programme must be eligible to work in Guernsey without the need for visa sponsorship now or in the future.

What are we looking for?

  • Motivation and ambition to pursue an actuarial career within Reinsurance – be able to articulate why you want to be an actuary, including completing the professional qualifications.
  • Excellent numerical ability. The team embraces the diversity of different numerate experience, with current team members having backgrounds in maths, actuarial science, physics, engineering, economics, and investment banking.
  • Passion and curiosity. We are looking for candidates who want to understand the relationship the Reinsurance industry has with the global and/or macro‑economic environment.
  • Commercial awareness. This helps us to provide support and advice to our clients with clarity and confidence to enable revenue growth.
  • Strong communication skills, particularly being able to present complex ideas utilising data analysis, in a simpler, more understandable way.
  • A self‑starter that can take the initiative, work independently when needed but can also work collaboratively in a team environment.
  • Experience within a similar administrative role would be beneficial but not essential.
  • Working knowledge of MS Word, Excel and Outlook – desirable.

Locations:

This role is based in St Peter Port, Guernsey. We recognise the value for our Early Career colleagues of being in the office environment from the beginning of their programme. As a new graduate, you will spend the first 6 months based in the office to support your learning, development, and progression. This will enable you access to support from managers, collaborate with colleagues as well as grow your network across Aon. After completing this initial training period, you will then have the opportunity to work more flexibly, spending at least 3 to 4 days face to face in the Aon office or with clients.

Aon UK Graduate Recruitment: What to Expect

  • Application Review: We process applications on a rolling basis, moving candidates forward as they complete each stage. Every application is carefully reviewed by our team (not by AI). Due to the high volume of interest, this stage can take up to two weeks. Please note: We do not review CVs or cover letters at this point.
  • Online Assessment: We understand you want to put your best foot forward, so you’ll have 5 calendar days to complete the online assessment. If you need more time, just let us know as extensions are available.
  • Video Interview: Preparation matters, so you’ll have up to 10 days (240 hours) from receiving your invitation to record and submit your video interview. Rest assured: Every video interview is reviewed by a real member of our recruitment team, not an AI system. You’ll typically hear back from us within 2-3 weeks after submitting your interview, though times may vary depending on the number of applications.
  • Final Interview: This is an in‑person interview with some senior managers and presents an ideal opportunity to see our workplace for yourself. During the interview, they will further explain the role, discuss your background, skills and experience in relation to it, and there will also be some competency‑based questions.

We’re here to support you every step of the way. If you have any questions or need accommodations, just reach out to our team at graduates@aon.co.uk. Good luck, and we look forward to seeing what you can bring to Aon!

How we support our colleagues

In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.

About Aon

Aon plc (NYSE: AON) exists to shape decisions for the better – to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that help protect and grow their businesses.

Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, colour, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law. If you require any reasonable accommodations or adjustments, please contact graduates@aon.co.uk.

Aon Corporation

Contact Details:

Aon Corporation Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Aon Graduate Programme - Captive & Insurance Management

Tap into Campus Networks

If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.

Get Certified

Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.

Connect on Professional Platforms

Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.

Apply Directly and Be Proactive

Don’t shy away from reaching out directly to firms like Aon Corporation. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.

We think you need these skills to ace Aon Graduate Programme - Captive & Insurance Management

Numerical Ability
Communication Skills
Data Analysis
Commercial Awareness
Problem-Solving Skills
Attention to Detail
Initiative

Some tips for your application 🫡

Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.

Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Aon Corporation.

Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.

Research and Reflect:Before hitting that 'apply' button on Aon Corporation's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!

How to prepare for a job interview at Aon Corporation

Brush Up on Financial Analysis Skills

Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Aon Corporation.

Prepare for Case Studies

Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.

Show Your Passion for Finance

Since this is a full-time position, employers at Aon Corporation will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.

Network with Industry Professionals

Before your interview, reach out to current or former Aon Corporation employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.