You want to write resume for finance jobs or finance and Insurance industry, but you don’t know what has to be included. We’ll give you tips so you can convince companies with your cover letter and resume and tell you why a classic application in the finance sector is more worthwhile than a creative one.
A classic application is best for HR professionals in the finance sector.
The components of a finance application.
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Because of the good earning potential, jobs in the finance and insurance industry are popular. Little things in your application can be decisive. So before you start writing, you should know what everything has to go in:
- Cover Letter
How detailed your application ultimately should be depends on the position: An application as an auditor or a job in accounting requires a more detailed cover letter and a longer CV than a position as a finance trainee. Optionally, you can also attach a cover sheet to your application – not a must, but a good way to score points.
In general, however, when applying for finance, it is better to forego creativity. Especially in conservative industries such as finance, classic applications are more likely to be classified as professional, so that it is better to avoid flashy colors or unusual designs.
The cover letter.
Whether accounting or financial analysis: Your cover letter should above all show that you have no problem handling numbers and tools like Excel. After all, these determine your everyday life in the finance and insurance industry. You will also collect plus points if you tailor the application letter specifically to the position and the company. If you make your passion for financial law clear in a letter of application in taxation, you will bring your enthusiasm for structured and careful analyzes to the point in an application in controlling.
The best way to underpin your soft skills is with professional experience in finance. In other words, if you have completed an internship in a bank or a working student position in an insurance company, you indicate in your application letter which technical skills you have gained and how these will help the company. Experience abroad is also welcome. So put it in, because these underline your skills in terms of independence and organizational skills.
No-gos with a cover letter in finance.
Impersonal salutation: Instead of “Dear Sir or Madam”, you should take the trouble to see who is responsible for applications in the company.
Unimaginative introductory sentence: “I hereby apply” will not stick you in the mind. Instead, try to get straight into the topic.
Bad spelling: Pay attention to correct spelling and grammar.
Lack of individuality: HR managers notice very quickly whether you have dealt with the position and the company or have used the copy-paste principle. Invest some time in your application. For the first impression, there is no second chance.
Typical interview questions.
Your application was convincing and you received an invitation for an interview. In addition to the usual questions like “What am I wearing”, now is the time to prepare yourself for the really tricky questions HR professionals have: general questions that relate to your motivation and competence-oriented questions that are more about your skills and abilities Statements of behavior.
- What experience have you already gained in finance?
- Why do you want to work in finance and insurance?
- Do you prefer to work in a team or alone?
The main thing here is that you talk about your previous experiences and relate them to the position. In other words: If the company is in the FinTech industry, you explain how you have already gained banking know-how and how you would like to expand it in the future.
- What are deferred taxes?
- What methods do you use to work precisely (for example, in data analysis)?
- How high will the interest rate be next year, and how do you come to this assumption?
With this type of question you show your knowledge and explain to the employer how you handle a situation. So there is no right answer, instead you present your solution step by step. As with the general questions, it is beneficial if you give examples. State your thesis or internship in which such a situation occurred and how you solved it. This is how you show that you are the right person for a job in the finance and insurance industry.