Financial and Insurance Clerks (ANZSCO 552)
Financial and Insurance Clerks (ANZSCO 552) play a crucial role in the financial industry by receiving deposits, processing credit and loan applications, maintaining records, and undertaking statistical computations. They are also responsible for processing insurance applications and managing money market transactions.
Indicative Skill Level:
Most Financial and Insurance Clerks possess qualifications and experience that reflect the following skill levels:
In Australia:
- AQF Certificate III with at least two years of on-the-job training, or AQF Certificate IV (ANZSCO Skill Level 3)
- AQF Certificate II or III (ANZSCO Skill Level 4)
In New Zealand:
- NZQF Level 4 qualification (ANZSCO Skill Level 3)
- NZQF Level 2 or 3 qualification (ANZSCO Skill Level 4)
Relevant experience of at least one year may be considered in lieu of formal qualifications. In some cases, additional experience and/or on-the-job training may be required alongside formal qualifications.
Tasks Include:
- Answering customer inquiries about bank accounts, credit standing, and loans
- Receiving and processing deposits and withdrawals for customers
- Processing credit and loan applications and authorizing approvals
- Offering and adjusting odds on sporting events and managing bets
- Processing insurance applications, adjustments, and claims
- Maintaining records of securities transactions and registrations
- Compiling data and undertaking statistical and actuarial computations
Subcategories:
- 5521 Bank Workers
- 5522 Credit and Loans Officers (AUS) / Finance Clerks (NZ)
- 5523 Insurance, Money Market and Statistical Clerks
Financial and Insurance Clerks play a vital role in ensuring the smooth operation of financial institutions and insurance companies. They provide essential services to customers, process transactions, and maintain accurate records. With their expertise and knowledge, they contribute to the overall efficiency and effectiveness of the financial industry in Australia.
Minor Groups
- Bank Workers (ANZSCO 5521)
- Credit and Loans Officers (Aus) / Finance Clerks (NZ) (ANZSCO 5522)
- Insurance, Money Market and Statistical Clerks (ANZSCO 5523)