Chartered Insurance Institute Certificate in Financial Administration

Course Details

Keen to build a successful career in financial services?

Then make sure you lay the right foundation.

The Chartered Insurance Institute is the UK's leading insurance body. So, not surprisingly, their Certificate in Financial Administration (CFA) is recognised throughout the financial services industry as the essential qualification.

If you're already working in financial services - perhaps as an administrator for a financial adviser, a bank or a building society - studying for the Certificate is a great way to broaden your knowledge, sharpen your skills and strengthen your promotion prospects.

If you're a new entrant, it could well open the door to your first job in financial services - by demonstrating both your knowledge and your commitment to potential employers.

What's more, your training programme has flexibility built in. Once you've completed module 1 of your course, which is designed to give you a solid grounding in all aspects of the financial services industry, you have a choice. You can select either a module on Life Offices Administration or a module on Pensions Administration, to suit your particular career path and interests.

Qualifications

By the end of your course you will be ready to sit and pass the exam for the Chartered Insurance Institute Certificate in Financial Administration. Depending on whether you chose to study Module 2A or Module 2B, you will be awarded either the Certificate in Financial Administration (Life) or the Certificate in Financial Administration (Pensions).

By taking the Chartered Insurance Institute Certificate in Financial Administration course, you will be able to put yourself in charge of your career, to develop and grow at a pace to suit you, and stand out from other applicants when job hunting.

This course will add value to your CV by demonstrating your understanding of the UK financial services sector, including the ethics and legislation, whilst maximising your personal development, and helping you find dream job, by showing a potential employer your commitment to the subject and knowledge.

The Chartered Insurance Institute is the professional organisation for those working in the insurance and financial services industry. It is dedicated to promoting higher standards of competence and integrity though the provision of relevant qualifications for employees at all levels and across sectors.

Study Plan

• Module 1: UK Financial Services, Regulation and Ethics
  • Purpose and structure of the UK financial services industry
  • Different financial asset classes and product types
  • Process of giving advice and the main areas covered
  • Ethics, regulatory processes, rules and legislation underpinning UK financial services
  • Use of the FSA's regulatory powers and responsibilities to protect the market's integrity and the impact on individuals and firms of the FSA's regulatory powers
  • Note - upon completion of Module 1, choose either Module 2A or Module 2B
•   Module 2A: Life Offices Administration
  • Long-term life insurance and assurance market and its products
    New business administration
  • Policy administration
  • Claims administration
• Module 2B: Pensions Administration
  • Development and nature of pensions provision
  • Knowledge of the range of pension products
  • Administration of new and existing business
  • Benefit administration

Assignments

You will be asked to complete and submit a total of eight assignments during your course - six during Module 1 and four during Module 2A or 2B. 

This will enable your personal tutor to keep a careful eye on your progress, offer helpful feedback, and ensure you're getting the very most from your training. There is also a 'mock' exam at the end of the course, the purpose of which is to familiarize you with the format of the actual CFI examination.

Study Details

Your course is designed to allow you to learn at your own pace and in a logical way, with each new study unit building on the knowledge you will have gained in the earlier units. 

You will be able to see for yourself how much progress you are making as you work through the material, Most students can complete this Chartered Insurance Institute within approximately 60 hours for Module 1, and approximately 40 hours of study for Module 2A or 2B.

You don't need to know anything about the subjects covered before you start. However, by the end of your course, you will have gained a broad and confident knowledge of all aspects of the financial services industry and the Chartered Insurance Institute.

Sample Course Material

All our Chartered Insurance Institute course material is written by experts. To see an example of our course material, please click on the link below.

• Chartered Insurance Institute .pdf

Careers

The Financial Services Regulator now expects staff at all levels and across all functions of the financial services industry to demonstrate that they have the necessary skills to perform effectively. As a result, the importance of this course and the CFA qualification cannot be overstated. By training for one of the financial service sector's most respected qualifications, you will put yourself in line for a wide choice of jobs as a Financial Adminstrator paying up to £26,000* per annum.

*Source: hays