5523 Insurance, Money Market and Statistical Clerks

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:

• NZQF 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.

• 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

• 552311 Bookmaker
• 552312 Insurance Consultant
• 552313 Money Market Clerk
• 552314 Statistical Clerk

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

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

Alternative Titles:

• Scrip Clerk (Stockbroking)
• Securities Clerk

Processes documentation and maintains records of securities transactions and registrations.

Skill Level: 4

Compiles data and undertakes statistical and actuarial computations.

Skill Level: 4

Specialisation:

• Actuarial Clerk