How to Write a Cover Letter for an Insurance Analyst Trainee Position
Highlight your education and strong analytical skills
As an entry-level business analyst, your cover letter should highlight previous work and educational experience. Since your job will deal largely with data and reports, you should include examples of the technical business skills you have learned and used as part of your education and in previous positions. Try to address as closely as possible the requirements stated in the job description for the best chance at gaining an interview.
What to Include
If you have a reference or referral from someone you know, you should include it early in your cover letter. Having someone, ideally someone in the insurance industry, vouch for you can make the difference in scoring an interview or not, especially at the entry level. If you know someone with a contact at your target company, reach out to that person and seek an endorsement. If you don't have any connections to an employee at your target company, include a reference from someone in the insurance industry with whom you have interned, worked or studied.
In your cover letter, go into more detail about certain aspects of the qualifications and experiences that you mention in your resume. This is your opportunity to explain how certain skills were applied during internships and previous positions. Don't just say that you understand insurance rules. Get specific and note that you how you have previously utilized your familiarity with HIPAA Compliance and Security Policies and Procedures or with Medicare rules and regulations, depending on what the job listing mentions.
You can also discuss specific projects that you worked on as a part of your coursework that you feel are relevant to the open position.
Remember that your cover letter works together with your resume to present you as a well-qualified candidate. Try to use your cover letter to enhance and provide details for the most important aspects of your resume as they relate to the job you are applying for.
Point out how your analyst internship at ABC company has already taught you many of the skills you will need as an Insurance Analyst Trainee at XYZ Company.
The following is a cover letter example for insurance analyst trainee position. You can use this cover letter as a guide, adjusting the details to fit your circumstances and the specific job to which you are applying.
Insurance Analyst Trainee Cover Letter Example
Your City, State, Zip Code
Your Cell Phone Number
City, State, Zip Code
Dear Mr./Ms. Lastname,
I would like to express my interest in an insurance analyst trainee position with XYZ Company. Throughout my job search and conversations with insurance industry personnel, I have come to respect the professionalism that characterizes your firm and its employees. I am confident that XYZ Company’s values and objectives would highly complement my own strengths and enthusiasm. I would like to be considered for your Insurance Analyst Trainee role, or a similar position that requires refined analytical and communication skills.
Evidence of my leadership and analytical skills can be seen in my responsibilities as analyst intern at ABC Company, and my commitment to academics.
My educational background in government and business, combined with my internship experiences, has been excellent preparation for an analyst career with XYZ Company.
Please review the enclosed resume and references, and consider my application for your Insurance Analyst Trainee role. I would appreciate the opportunity to meet with you in New York and explore the company environment, as well as possible job opportunities. I will call your office next week to discuss these possibilities.
I look forward to exchanging ideas with you concerning a career at XYZ Company and the positive contributions I would offer as a member of your organization.
Thank you for your consideration.
Signature (hard copy letter)
How to Send an Email Cover Letter
If you're sending a cover letter via email, the format will vary from that of a traditional written letter.
The subject line should contain your name and the job title:
Subject: Insurance Analyst Trainee Position—Firstname Lastname
Include your contact information in your email signature, and don't list the employer contact information. Start your email message with the salutation. The body of the letter will be exactly the same as in a written cover letter. Do not use abbreviations and be sure to proofread thoroughly.
If you are applying for the job by email, make sure that you follow the directions completely. Different companies will prefer that your documents be presented in different formats; some will request Word documents, others will want them in a PDF, and others may specify something else. Your application won’t make it through the screening process if you don’t follow the directions, no matter how qualified you may be, so read carefully and make sure you understand and follow those instructions.
Sample Merrill Lynch Internship Cover Letter
If you're a student looking to eventually work in the financial industry, you likely consider Merrill Lynch to be a potential new employer someday. Headquartered in New York City, Merrill Lynch is one of the largest wealth management companies in the world, handling over $2.2 trillion in client assets. The corporation employs over 15,000 people. They have repeatedly won awards as a top financial adviser, best institutional investor and best brokerage firm.
Merrill Lynch offers many job opportunities for those interested in finance, boasting high levels of independence and an uncapped bonus salary structure that allows top advisers to make many times over their base salary. It's a lucrative policy that helps attract the best talent in the field.
Because the corporation is so prestigious, internships at the company are highly sought after. Your Merrill Lynch internship application needs to be as strong as possible to be considered. In particular, your cover letter needs to highlight your strengths, your skills, your passion for the industry and your familiarity with Merrill Lynch's offerings as a wealth management firm. Emphasizing your entrepreneurial spirit and your potential contributions to the company will establish you as a serious and professional candidate.
Sample Merrill Lynch Cover Letter
Haleigh B. Baleigh
4 Birch Court
Smithtown, NY 23475
(Home) (232) 422 – 2211
(Cell) (902) 777 – 3333
April 24, 20XX
Ms. Doris Jones
Executive Director Finance Division
l Merrill Lynch
238 Seventh Avenue
New York, NY 4321
Dear Ms. Peabody:
My academic and previous work and internship experience make me the perfect candidate for Merrill Lynch’s Summer Analyst Program. Mary Smith, Merrill Lynch’s Senior Analyst, recommended that I write you in regards to the position in hopes that I can apply and interview with you prior to the October 31st deadline.
In the internship posting, it listed strong analytical, leadership and quantitative skills. Through my business, finance, and economic courses I have developed strong skills in these areas and look forward to the opportunity to further develop my skills through a challenging and rigorous internship experience. My previous experience in the financial field includes an internship as an analyst with Smith Barney as well as working for the credit union for the past two years at my college. In addition to my knowledge and skills in the area of finance, I have been commended by my professors and previous supervisors as to my strong verbal and written communication skills. I was a key player in putting together the financial portion of my management and business project and presentation which was highly praised by the executive team that attended.
I am confident that I can apply the same skills at Merrill Lynch that have made me successful in my previous educational and career pursuits. I will call next week to see if you agree that my qualifications match what you are looking for in a summer analyst. I am available to schedule an interview that could be arranged at a mutually convenient time for both of us.
Thank you for your time and consideration and I look forward to hearing from you soon.
Haleigh B. Baleigh