gradsingapore 'Finance' Career Guide 2021

Page 68

FINANCIAL SERVICES - Areas of Work

INSURANCE A highly diverse field with a constantly changing work environment.

C

areers in the insurance industry may be immensely wide-ranging, but they ultimately revolve around the safeguarding of an individual or entity’s financial assets in the event of an unexpected occurrence.

General overview There are a number of positions that graduates can look forward to in this sector. Here are some of the more popular ones:

• Graduate underwriter Underwriters are responsible for determining a client’s eligibility for a policy, additional terms and conditions that are part of the plan and the premium the client has to pay. • Claims management trainee As part of the insurance claims department, trainees are involved in assessing the validity of submitted claims, as well as liaising with policyholders to ensure that the repayment process is completed as safely and efficiently as possible. • Trainee loss adjuster The job scope of a loss adjuster is relatively similar to that of an insurance claims handler – both check the validity of a claim and establish the causes of a loss, among others – except they typically work as an independent third party, and are attached to specialist practices instead of insurance companies. Insurers generally seek the services of loss adjusters, instead of claims managers, for more complex claims.

66 | gradsingapore Finance Career Guide 2021

• Business development, business finance and sales graduate roles While responsibilities for this position vary according to the employer’s area of specialisation and expertise, working in the business division usually involves a mix of duties such as promoting services to potential clients on top of identifying and following up on new opportunities. • Graduate insurance broker Insurance brokers help clients match their needs with the most suitable insurance products for the best premiums. • Trainee actuary Actuaries advise their clients and help them forecast and manage financial risks through the application of financial and statistical theories. • Graduate product manager Product managers at insurance companies are responsible for creating, testing and launching new insurance products for potential customers. Their responsibilities may include market research, sales forecasting and regulatory compliance. • Operations management This role is primarily responsible for managing and encouraging the customer service department.


Turn static files into dynamic content formats.

Create a flipbook

Articles inside

Risk Assessment

2min
page 93

Tax

2min
pages 94-95

Management Accounting

2min
page 92

Internal Audit

2min
page 91

Forensic Accounting

2min
page 90

Financial Accounting

2min
page 89

Corporate Finance

2min
page 86

Corporate Treasury

2min
page 88

Commercial Finance

2min
page 85

Assurance

3min
page 84

Corporate Recovery

1min
page 87

A Graduate’s Guide to Accountancy Jargon

10min
pages 81-83

Professional Accountant

1min
page 80

Statistics

2min
page 72

Getting a Graduate Job in Accounting

2min
page 79

Financial Management

2min
pages 75-76

Retail Banking

2min
page 71

Wealth Management

2min
pages 73-74

Insurance Underwriting

1min
page 70

Insurance

4min
pages 68-69

Actuarial Science

3min
page 67

The Financial Services Alphabet

8min
pages 64-66

Finance Industry

5min
pages 62-63

Structured Finance

3min
pages 56-57

At a Glance: Financial Services

2min
pages 58-59

Stockbroking

1min
page 55

Choosing Your Role and Company in Financial Services Different Ways to Get into the

2min
pages 60-61

Specialist Markets

2min
page 54

Risk Management and Control

2min
page 53

Private Wealth Management

2min
page 52

Inter-Dealer Broking

2min
page 47

Investment Analyst

2min
page 48

Investment Banking

2min
page 49

Operations

1min
page 51

Financial Markets

2min
page 46

Investment Management

2min
page 50

Economist

2min
page 44

Finance IT

2min
page 45

Corporate Banking

2min
page 43

Banking and Investment Unique Skills The Banking and

2min
pages 36-37

Investment Industry Needs

7min
pages 38-39

At a Glance: Banking and Investment

2min
pages 34-35

A Graduate’s Guide to Banking and Investment Job-Speak

8min
pages 40-42

Tackling Assessment Centres

3min
pages 30-31

Acing Your Interview

4min
pages 28-29

Dealing with Live Video Interviews

5min
pages 26-27

Is a Career in Finance for Me?

2min
pages 12-13

Postgraduate Pathways in the Financial Sector

3min
pages 16-17

A Survival Guide to Applying for a Job in the Finance Sector

4min
pages 18-19

Preparing Your Cover Letter

3min
pages 24-25

Industries in the Finance Sector

2min
pages 10-11

Pros and Cons of Pursuing a Career in the Finance Industry

1min
pages 20-21

How to Pursue a Career in Finance Without a Finance Degree

3min
pages 14-15

Crafting Your Resume

3min
pages 22-23
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.