Insurance Officer
Insurance officers carry out clerical and other functions
associated with insurance transactions.
There are two broad types of insurance: life insurance
which can provide an investment and/or life and disability
protection; and general insurance which can cover a variety of
events and property (such as fire, water damage, theft of
goods and property, marine cover, sickness, accident and
liability cover).
Insurance officers perform a variety of tasks depending on
their position. They may work as a:
Claims Officer who arranges settlement of claims
made by clients against their policies. They assess the
validity of claims by interviewing clients or their
representatives and obtaining evidence.
Health Insurance Assessor who assesses death,
disability, illness and trauma claims on life and health
insurance policies.
Insurance Surveyor who inspects all kinds of
properties to check for hazards and the efficiency of
protection devices, advises policy holders about risk
improvement and provides inspection services to agents. They
also prepare reports that influence insurers' decisions on
risk acceptance and premiums. Insurance surveyors normally
have an engineering, scientific or related qualification.
Investment Officer who invests revenue (income) from
clients' premiums in government, commercial and stock market
operations on behalf of their company and assists in the
financial management of properties owned by the company.
Junior Insurance Clerk who carries out basic
clerical work such as sorting and distributing mail, filing
documents, keeping office records up to date, entering data
and helping with public enquiries.
Loss Assessor/Adjuster (also known as Insurance
Claims Investigator) who investigates and assesses losses for
individuals and companies.
Marine Underwriter who is responsible for the
acceptance or rejection of insurance proposals to cover cargo
transported by ships, trucks, trains or aircraft.
Superannuation Fund Administrator who is responsible
for the administration of employer/industry-based
superannuation funds. This involves the day-to-day processing
of new members, benefit payments and contributions and the
annual review of each plan to update member information and
benefits.
Underwriting Officer who assesses risks and the
premiums that should be charged in particular circumstances.
Most of these positions are located in head offices in
Melbourne and Sydney.
Required Skills - Insurance Officer
- aptitude for numbers and calculations
- sound judgment
- able to pay attention to detail
- good communication skills
- aptitude for working with computers
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