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Preparing for any job interview can always be nerve-wracking and challenging, but if you revise sample questions and find out the sort of things you are likely to be asked on the day, you stand a much better chance of impressing your new employer.
If you are taking your first steps into the world of financial services – whether as an accountant, finance manager or banker – you can naturally expect the interview to be tailored towards your suitability for the financial sector. This could mean anything from describing your own relevant experiences in previous jobs or positions to being presented with mathematical problems that test your numeracy skills.
Your interview is the time to sell yourself, so prepare to answer questions related to your relevant training, study plans and qualifications, as well as any knowledge you already have of the financial services industry that could prove handy in your new role.
Your interviewer will also want to know about your core competencies, which could include strong analytical and numerical skills or the ability to communicate well.
Last but not least, your personality is another major contributing factor to your success, especially if you’re applying for banking jobs that involve strong internal communication skills. Your employer needs to feel that you are sufficiently motivated and able to handle a pressurised environment.
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Premium rates due to rise
Since 1990, there’s been a steady trend for the nonprofit insurers to convert into for-profit. The industry argues this makes their members more efficient. In fact, it only makes them more efficient in extracting money from the insured. As if this is not bad enough, many of America’s top insurers also sell insurance in foreign countries. This is one of the byproducts of globalization. It seems the efficiency of insurers can be felt all round the world as they pursue profit wherever it can be found. Well, this makes 2011 a year for us all to remember. We had earthquakes in New Zealand and Japan where the damage was made rather worse by the arrival of a tsunami. Back home, we had a terrible winter with major storms. Then came the tornado season and hurricanes brought flooding to Virginia and other unexpected places. This combination of extraordinary seismic activity and record-breaking bad weather has produced a disaster in company profits. Insurance companies are in shock as the volume of claims becomes apparent. In America alone, the insurers will be paying out more than in any other year since records began The losses are almost $18 billion in the first six months of 2011 as against $13.5 billion for all of 2010. It’s going to be a challenge for them to recover from the estimated loss of $32 billion for the full year.