I have a job interview next week for a Management Accountant in an insurance company.
I have worked in various sectors in the past, but not insurance.
Can anyone give me an insight? anything at all that may help me?
Is it much different?
I've dealt with Client Accounts before, is that relevant?
I presume the annual insurance that someone pays would be shown as deferred income in the balance sheet and released monthly - am I on the right track thinking that?
I've worked with insurance acturaries (and even won some arguements with them).
inurance is a huge and complex area which covers pensions, life, motor, investments... Basically the whole spectrum of financial products. So the financial instruments area's of financial reporting standards along with all of the general management accountancy techniques.
Generally I don't expect that they won't expect you to know everything about insurance and you won't be working in every area of insurance. Every insurance company does things a little differently.
What they will want is people with good transferrable skills, a head for numbers a willingness to learn and a love of Excel as you'll be living in it.
Personally I hate insurance with a vengeance as it's all about how to fleece the client whilst making them think that they are getting something for their money (Yes, if you're reading this I know how premium debt works!!!!).
Some insurance companies (mainly the scottish ones) are better than others but as a rule of thumb give me banking over insurance everytime.
Good luck with the interview,
sure that you're going to be fine.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
