This post is part of a series of sponsored by Iat Insurance Group.
Are you looking for a dynamic and rewarding career in the financial sector? Security may be the answer. In section 12 of What brewsWe are exploring a world of security insurance with two of IAT’s associated insurance companies, Brianna Areevalo and Ryan Pappas.
Stand in on the episode here.
Below we explore key themes from their discussion.
The talent gap in bail
The insurance and guarantee industry is facing a major talent crisis. According to Insurance recordNearly 50% of the current workforce retires over the next 15 years and creates over 400,000 vacancies. This provides a unique opportunity for young professionals and career outlets to enter a field with strong job security, career growth and competitive wages.
What is bail?
If you are new to bail, think about it as a financial guarantee rather than traditional insurance. Security bonds ensure that contractual obligations are observed – especially in the construction industry, where they protect public investment such as roads and schools. Unlike insurance, where losses and covered prizes are expected, bail operates under the assumption that obligations will be fulfilled, making the insurance a careful process.
Why choose a career in bail?
In this episode, both Brianna and Ryan shared their unique trips to bail, which none of them initially planned to work in the industry. They highlighted the different nature of the work, which includes financial analysis, contract negotiations and relationship management. Every day, new challenges present the job and rewarding.
The most important benefits of a career in bail include:
- Job stability: The industry has a low unemployment and strong demand for skilled professionals.
- Career growth: Opportunities for mentorship, professional development and leadership roles.
- Variety & Travel: Security professionals participate in financial analysis, legal contract work and client relationships that often travel to meet clients and agents.
- Networking and Relations Building: Strong trade associations with agents, clients and colleagues that insurance companies improve career opportunities.
How to get started
Security companies, including IAT, offer formal training programs that equate new insurance companies with the skills they need to succeed. At IAT, we pair guarantee insurance interns with mentors to ensure that they receive personal guidance and support when building their careers.
If you are interested in a career that combines financial, law and relationship management, security insurance may be your ideal path.
Explore IAT’s current job openings and start your journey in bail today!
Topics
Talent
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