Becoming a Trainee Accountant – A Guide to Insurance Jobs

Due to the rewarding nature of accounts work in the insurance industry competition for trainee positions can often be quite fierce. However if you have a clear idea what companies are looking for in an accountant candidate, you’ll find that much easier to get the perfect job.

Qualifications Are Important – in most trainee positions you’ll be working towards an acknowledged accounting qualifications, but that doesn’t mean that your previous qualifications are irrelevant. You’ll need to display a great level of numeracy, that needn’t mean a degree in maths, but if you haven’t used figures in any of your previous courses you might find it hard to convince any interviewer you have the skills to become an accountant.

Focus on the Top Five – there are five big accountancy firms Arthur Andersen, Deloitte & Touche, Ernst & Young, KPMG, PricewaterhouseCoopers. Competition for roles within these firms can be tough, so any work experience with these organizations can really make you stand out against other candidates.

Appear Motivated – anyone working in an accountancy role has to have great get up and go and it’s vital that comes across when you meet any potential employers. You got to be attentive and responsive to their questions while at the same time giving concrete examples of where your positive attitude has been important in the past.

Show Intelligence – you’ve got to be adaptable and able to work quickly to be an accountant, if you’re able to show you have those skills in abundance you’ll be well placed in a career in insurance. Before any interviews, prepare a couple of examples of where you were able to make use of your intellect for the benefit of an employer.

Show Ability to Multitask – accountants, much like any job in the insurance industry, requires the ability to multi-task. Juggling lots of figures, reports and queries is part of the job when dealing with accounts. People, who struggle with dealing with lots of things at once, aren’t well suited to this kind of career. Most people work best when focusing on just one thing, but if you can’t manage lots of tasks at once you might have to take steps to improve.

Deal Well With Others – accountants more than anyone rely on the team around them, in your interview you will want to demonstrate that you are able to work within a team. If you have management experience, even if not in an office environment, let people know. Managing people effectively is a much valued skill and an edge over many other trainee accountant candidates.

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Claims Adjuster Jobs-Finding the Ideal Insurance Job

If you intend to get a job as a insurance claims adjuster, then you will need a sense of diligence, good investigative skills, and a great sense of humour. People from all over make some of the most amazing claims and it is your job to read the forms, laugh a little, and then seek out the truth of the matter. People sometimes write in a manner that they think is perfectly clear, but which are slightly more humorous than originally intended.

There are, of course, less amusing and more amusing variations of the insurance claims adjuster job. Life insurance claims are rarely funny, and things like flood and fire insurance don’t seem terribly amusing either. Car insurance, however, is full of hilarious claims about accidents and their causes that might have a claims adjuster falling off their chair.

Imagine a normal work day, where you are reading claims from people claiming accidents from a variety of causes, ranging from “I lost control when my girlfriend grabbed my testicles” to “a submarine hit my car”. (Both of these, by the way, are real claims that were made.)

Of course, there is always the typical claim of that deals with mundane issues such as collisions in heavy traffic, but the phrasing used by many customers is more than enough to start you on your first chuckle of the day. This is including things like: “In an attempt to kill a fly, I drove into a telephone pole.” And don’t forget the people who blame their car troubles on unknown forces or Voodoo.

The job requires that sense of humour, if you feel that you can handle the thought of people driving off a cliff to avoid a squirrel or into a building as they check the gas prices, or even going through businesses when they forget to put the car in reverse, then this might just be the ideal job for you.

As for the technical aspects of the job, the insurance claims adjuster is the person who investigates the claims that are made, ridiculous and otherwise, negotiate settlements, and authorize payments. Your job is to determine whether the policy that the claimant holds covers the accident or other loss, and how much of the loss should be paid to the claimant. Once you have read the claims form, you will have to conduct interviews with witnesses, police, and hospital staff where applicable, and consult the relevant records held by them regarding the loss.

You will consult with many professional people if you think that someone in the profession can help with your investigation. This might mean talking to a wide range of lawyers, doctors, engineers, construction workers, and more. The information you gather, including video and audio components, is then presented in a report to help evaluate the claim.

If the claim is found to be legitimate, then it becomes your job to negotiate the settlement with the claimant. If it is contested, then it is your job to work within the legal system to protect your company’s position. No matter what you find, though, you are sure to find plenty of laughs along the way.

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Where to Find the Best Insurance Job Openings

Insurance jobs are more and more in demand these days amongst the youth because of their inherent characteristics. The most important of these is that starting level insurance jobs do not require the candidate to have any technical or legal information pertaining to the industry. Instead, the most critical skill that insurance firms demand from their employees is simply that they be able to sell a product to potential buyers. In order to do this, potential candidates need to be very strong in their communication and people skills. The second inherent characteristic of insurance jobs that ends up attracting youngsters and older professionals is that they are very rewarding for someone willing to work hard. However, the hitch with so much competition is that you would find it very difficult to crack a job. Therefore, the real trick lies in applying to as many job vacancies as you can. Here are some methods through which you can find multiple job vacancies.

1. Local publications:

Many insurance firms launch their recruitment drives from local publications because they want employees from the same region. In fact, your proximity to the company’s office will become a boon for you in comparison to other far away candidates. Effectively, what this means is that you must scour the local publications and classifieds for insurance job vacancies.

2. Consultancies:

It has also been noted that insurance firms tie up with good consultancies in the area for their hiring needs. However, consultancies can also demand fees from you for placing you and not even give guarantees for the same. Hence, although respected consultancies are good, relatively obscure ones should be avoided.

3. Direct approach:

The direct approach technique also has its advantages. For example, if an insurance firm finds your resume in its mailbox, then it would automatically take into account your enterprising nature. Furthermore, your resume, if well made, would immediately become a part of the insurance firms’ databases. This means that your resume would come up time and again for job vacancies with them. You can use the direct approach simply by finding the email addresses of these firms from their websites and mailing your resume to them.

4. Online job websites:

The final, and the most effective, solution for you to get an insurance job is to find all the job vacancies listed in a variety of job vacancy websites. These websites virtually carry all the job vacancies of the industry and make them available to you for free. Along with this, you would also be able to upload your resume onto these websites for free which gives you a passive method of getting hired. Therefore, online job vacancy websites not only allow you an active path towards job vacancies but also make it possible for you to be found by the insurance firms and consultancy agencies directly.

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Finding Employees For Insurance Industry Jobs

Finding the right employee for any job opening can be a challenge to say the least, and this is no truer than in the insurance industry. With considerations ranging from experience and education to their personal skills, the decisions faced by recruiters and employers can be of critical importance.

When hiring employees for insurance industry jobs it is important to take many factors into account. Summarized, these factors include:

1. Education & Certification

2. Experience

3. Personal Skills

Education & Certification

Obviously one of the first criteria you will be looking for in a candidate will be their education. Whether the employee is applying for a one of your insurance sales jobs, customer service, risk management or some other position you will want to make sure that their education matches the criteria of the job. With this in mind an employer will often find him/herself in a position when multiple candidates are well educated and/or certified. While it may take additional time, looking into the schools themselves may yield significant differences.

A certificate from the “University of Phoenix Online” is worth significantly less than the same certificate from an accredited educational institution but unless you look into the credentials you may be tempted to consider them all equal.

While education cannot be considered the end-all-be-all of hiring any qualified candidate, a solid education from an accredited institution reflects more than a knowledge of the industry – it also reflects the job applicant’s ability to write and present ideas clearly and also to stick with something they have started.

And isn’t that a key feature in a candidate, whether the education is necessary in their job function or not?

Experience

This is perhaps the most important factor in filling jobs in the insurance industry (or any industry for that matter). What you should be reading into their experience is not simply the number of years they have worked in the same or similar roles however. While experience in a specific field lends itself to a strong understanding of the ins-and-outs of it can also have its downside that must be taken into account.

The value of experience in the insurance industry comes primarily from the reduced training that will be necessary to get the employee functioning. Knowing how to perform a specific function, especially a complex function such as risk management or loss control, can save a company countless dollars in training.

The downside in experience that must be considered is that an employee may not fully understand the processes and procedures unique to your insurance company. No two companies perform all their tasks the same way and an employee who has performed a specific role for one company may assume (incorrectly) that you do or should do it the same way. This can lead to bottlenecks and sometimes even conflict.

An additional drawback to experience that must be addressed when filling insurance jobs is the knowledge that the prospective employee has worked in insurance industry jobs and has chosen to leave an employer. The last thing you want is to fill one of your vacant jobs with an employee who has a history of leaving related positions.

Both of these drawbacks can be addressed with a few simple questions of the employee and to past employers.

Personal Skills

Personal skills are arguably one of the most important criteria when filling insurance industry jobs. While the importance of personal skill is obvious when hiring for insurance agent jobs, these skills are equally important when considering employees for administration and more technical positions as well. While these people may not necessary be dealing with the public on a regular basis they will play a key roll in developing a productive work environment.

Although the primary objective in any businesses is to insure profitability, developing an enjoyable work environment in which the various parties can communicate leads to new ideas, higher productivity due to a willingness of all employees to work together, and perhaps most importantly – a lower employee turnover rate.

For some insurance jobs, personal skills are more important than others however for every position they should be considered. You may even want to consider having the current staff who will be working closely with the new employee meet during the interview process and provide feedback. If your staff work well together their productivity will naturally increase.

Conclusion

While every company and position within that company is different, as long as the above three areas are considered when hiring for any of the various insurance industry jobs available, you as the employer are far more likely to foster a positive, productive and in the end, more profitable company. You will end up with a staff that is properly educated, has good experience if applicable, and works well together. Like any well-oiled machine – this is the recipe for success when filling insurance related jobs.

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Graduate Insurance Jobs-Getting a Career in Insurance

With a job as an insurance agency’s account handler, you become responsible for managing client accounts. It is your job to advise on how to manage risks and you will offer insurance solutions to their risk problems. You will learn to work with clients and underwriters, hopefully maintaining good relations with both. You will put together risk submissions for presentation to the underwriters, negotiate terms with them, and present those terms to your clients. Your duties will have you checking over policies to make sure that they will perform, and handling mid-term alterations to your clients’ policies as well as processing any claims that they have.

From this position, you have the chance to move upward to account executive, with more duties and responsibilities as well as the pay to go with it. You would have the duty to visit the clients personally, as well as paying visits to prospective clients. You would be assessing the risks that the clients are exposed to and providing them with the best advice in dealing with those risks. You would do surveying as well as designing the insurance portfolios, negotiating with the underwriters, and issuing presentations and reports. You will also be working above account handlers, who will help you with your work load and perform the tasks that you assign.

If you are good with numbers, then there is an insurance job waiting for you, some of which even require a mathematics degree of all applicants. If you are better with people, then look for a job on the contact end of things at a major insurance company to expand your skills and move up the corporate ladder.

There are dozens of jobs available in the insurance sector from account handlers to actuaries to estimators and underwriters. You can search for a job as a loss adjuster or policy typist if that is what interests you. Some companies will even let graduates start as account executives if they have the proper degree.

When it comes time to search for your job after graduation, the list of insurance jobs is a hard one to beat. You are sure to find something (from sales to marketing to number crunching) that will suit your personal skill set and give you a jump start on your career.

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