A Career in Finance and Insurance

David Hennessy – Senior Insurance Supervisor

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The role involves assessing the key risks facing an Insurance Company, interviewing key stakeholders, financial analysis and drafting key reports and memos.

I am Manager of a Supervision team in the Insurance Supervision department. My team is responsible for the prudential regulation of a High Impact Insurance company.

What educational path did you take to work as an Accountant?

I completed a Bachelor of Business Studies in DCU. I joined AIB and completed my ACCA Professional exams on a part time basis as part of AIB’s Financial Control career path. I have since undertaken further study including the Professional Diploma in Compliance, ACCA Diploma in International Reporting Standards and III Professional Diploma in Insurance.

What part of the job do you find to be the most challenging? Most satisfying?

The role of an Insurance Supervisor is very varied. The role involves assessing the key risks facing an Insurance Company, interviewing key stakeholders, financial analysis and drafting key reports and memos. It was a big challenge moving from a structured Financial Reporting role with set weekly/monthly/quarterly deadlines. However, I enjoy the varied nature of the role and the experience that it has given me.

In your opinion, what are the top 3 skills needed in Management?

  1. Organisational and planning
  2. Communication & interpersonal
  3. Problem solving

What impresses you in a resume from someone who is applying for a career in this field?

Well-structured CV and cover letter/application that is tailored to fit the job application. Where a cover letter/300 words type requirement is stated, evidence that effort and thought has been put into preparing the wording. Relevant qualifications and work experience depending on the level of the job. However, this is not essential – I moved into Insurance regulation with no insurance experience – my accountancy and audit experience in banking was sufficient for a move to the Central Bank.

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