1220.0 - ANZSCO - Australian and New Zealand Standard Classification of Occupations, First Edition, Revision 1

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 25/06/2009

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Contents >> Major Group 5 Clerical and Administrative Workers >> SUB-MAJOR GROUP 55 Numerical Clerks >> MINOR GROUP 552 Financial and Insurance Clerks >> UNIT GROUP 5523 Insurance, Money Market and Statistical Clerks

UNIT GROUP 5523 INSURANCE, MONEY MARKET AND STATISTICAL CLERKS

INSURANCE, MONEY MARKET AND STATISTICAL CLERKS prepare and check documentation associated with insurance, maintain records of securities transactions and registrations, offer odds and accept bets, and compile data and undertake statistical and actuarial computations.

Indicative Skill Level:
Most occupations in this unit group have a level of skill commensurate with the qualifications and experience outlined below.

In Australia:

AQF Certificate II or III (ANZSCO Skill Level 4)

In New Zealand:

NZ Register Level 2 or 3 qualification (ANZSCO Skill Level 4)

At least one year of relevant experience may substitute for the formal qualifications listed above. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification.

Registration or licensing may be required.

Tasks Include:

obtaining information on the form of competitors by research, attending race trials and liaising with contacts
offering and varying odds on competitors after considering the type of event, handicaps, weather conditions and odds offered by other Bookmakers
processing insurance applications, adjustments to insurance cover, standard endorsements and insurance claims
monitoring balances of accounts and summarising reinsurance to determine outstanding risk
surveying potential risk exposure
despatching notices of premiums due and forms concerning conservation and transfer of insurance
reviewing, checking, verifying and issuing transaction documentation for securities
claiming accruing dividends and processing dividend payments
compiling statistics from financial records, survey returns and other data sources, and verifying the authenticity of the material
operating computers to input, manipulate and output information
compiling results of calculations into tables, graphs and charts to be used in analysis
may work in a call centre

Occupations:

552311 Bookmaker

552312 Insurance Consultant

552313 Money Market Clerk

552314 Statistical Clerk

552311 BOOKMAKER

Determines risk, offers odds and accepts bets on the outcome of racing and other events. Registration or licensing is required.

This occupation is illegal in New Zealand.

Skill Level: 4

552312 INSURANCE CONSULTANT

Alternative Title:

Insurance Clerk

Prepares and checks documentation associated with insurance. May work in a call centre.

Skill Level: 4

Specialisations:

Health Insurance Assessor

Superannuation Clerk

552313 MONEY MARKET CLERK

Alternative Titles:

Scrip Clerk (Stockbroking)

Securities Clerk

Processes documentation and maintains records of securities transactions and registrations.

Skill Level: 4

552314 STATISTICAL CLERK

Compiles data and undertakes statistical and actuarial computations.

Skill Level: 4

Specialisation:

Actuarial Clerk