12 January 2014
Author: The ExecuSearch Group
In August, we published an article on the positive outlook for the financial services and accounting industries, with 61% of CFOs planning to make hires between the summer and the new year. Now, with the new year well underway, the industries seem only to continue flourishing—especially in the insurance sectors. If you’re looking to tap into a different industry with your financial expertise, the insurance industry is a very viable option at this time. Hiring within the insurance industry, between the changes made by the Affordable Care Act and the continuously dropping unemployment rates, is looking promising as is. However, it seems that the industry is in specific need of finance professionals at all levels as it shifts and transforms over the next few years. Take, for example, Northwestern Mutual: on January 15th, it was announced that the life and disability insurance company, which also specializes in investment management, will be adding 6,400 financial representatives to its ranks in 2014. That’s the most professionals the company has hired at one time in its more than 155 years of business; and that number is focused on financial professionals alone, ranging from the internship level to higher-level candidates across the board. “For those with the right background who are looking to start a new career and want to get into financial planning, now is an opportune time to join an organization that is experiencing significant growth and tremendous success in the industry,” said Steve Mannebach, Vice President of Field Growth and Development at Northwestern Mutual. “There’s a high-demand for trained financial professionals, and our forecasts show that demand will continue to climb in the foreseeable future. With the market uncertainty and confusing options, people are seeking guidance and clarity in their long-term planning.” Our industry experts here at The Execu|Search Group expect certain positions to be especially in demand, such as Underwriters and Actuaries. Such positions require specialized, niche skills that can be hard to find. Still, regardless of position, the insurance industry is in need of financial services professionals across the board. So if you’re looking for the next step in your career or a new opportunity, consider trying out the insurance sector!