AU
Sector: Insurance
Here is a sector of financial services that is actually…hiring people: super fund administration
Even as banks cut and freeze recruitment, the large superfund administrators are still taking on staff, predominately in Melbourne. Hiring is mainly driven by continued outsourcing of administration functions to major players such as Superpartners, Mercer Wealth Solutions, Russell Investments, AAS and Pillar. “There is increased competition for experienced candidates in this space, which has [...]
Give us better work life balance. You can keep your 10k rise
Recruitment in life insurance in Australia is booming, but it’s concentrated on junior and mid-level jobs. The seniors, it seems, are mainly moving if they are offered better work-life balance. Demand for life products is increasing and the life sector is underpinning the profits of many large insurance firms as the public becomes more aware [...]
Just how difficult is it for a foreigner to find an insurance job in Australia?
Insurers in Australia have high standards when it comes to recruiting foreign nationals, but there are still strong pockets of demand for international talent. It is generally more difficult than before the GFC for overseas candidates to find insurance work in Australia. “These days, when firms apply for 457 visas, they usually only sponsor exceptionally [...]
The top-five mistakes that insurance professionals make on their CVs
1) Too much information Patrick Tan, principal consultant, Key International Search and Consulting, says some insurance professionals are prone to cluttering their CVs with unnecessary detail. “Sometimes less is actually more. If candidates try to showcase that they can do a lot, this may backfire, as the more salient points get lost in the clutter [...]
Too much recruitment; too few claims candidates
As insurers and reinsurers struggle to cope with a backlog of claims in the wake of recent natural disasters, claims employees remain in short supply. “The demand for staff is evident across the country. The impact of storms, fires and flooding – in particular the Queensland floods – has been felt in every state and [...]
Why Australia loves actuaries
Plenty of insurance firms need new actuaries, but for a number of different reasons, they’re having trouble finding them. “The actuarial function can’t be duplicated and it’s critical to the business,” says Graeme Bradley, state manager, Marks Sattin. Moreover, recent natural disasters mean new insurance models need to be produced. But while the need for [...]
Super sector hiring: Relationship managers in demand; fund managers not so in demand
Hiring in the 1$ trillion Australian superannuation industry is stable but unspectacular, according to recruiters. “Member education services and relationship mangers, who look after the employers, are in particular demand from both industry and retail funds,” says Andrew McKissock, manager, wealth management division, Porter Allen. RMs earn between $90k and $120k, he adds. However, the [...]
Dispatches: Jail for the $350k graduate turned insider trader
Yesterday John Joseph Hartman was sentenced to four and a half years’ jail on insider trading charges, tearing apart the financial services career he was hand-picked for. His departure from teary family members before being led away by court officers marked the end of a double life in which he racked up more than $1.9m [...]
Fox Views: Why risk leaving Australia? What’s so good about an overseas posting?
Our new columnist, Stuart Fox – a former MD and head of Asia Pacific commodities at UBS – expounds the virtues of building a career outside Australia. When I spoke recently at a “Going Global” forum organised by Finsia, I realised that young, ambitious bankers are always asking me one question. It doesn’t relate to [...]
Dispatches: QBE profits drop by 39 per cent
QBE Insurance Group first-half profit declined 39 per cent as Australia’s biggest insurance company was hit by substantially lower investment income from cash and fixed income investments. (Sydney Morning Herald) There have been several new hires at AMP Capital Investors’ fixed income team, with the appointment of Sonia Baillie as the senior portfolio manager, and [...]
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