Insurance, Money Market and Statistical Clerks (ANZSCO 5523) play a crucial role in various industries by ensuring the smooth functioning of insurance processes, securities transactions, and statistical computations. These professionals are responsible for preparing and checking documentation associated with insurance, maintaining records of securities transactions and registrations, offering odds and accepting bets, and compiling data for statistical and actuarial computations.

Indicative Skill Level:

Most occupations within the Insurance, Money Market and Statistical Clerks unit group require 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)

In some instances, at least one year of relevant experience may substitute for the formal qualifications listed above. Additionally, relevant experience and/or on-the-job training may be required in addition to the formal qualification. It is important to note that registration or licensing may be required for certain roles within this occupation.

Tasks Include:

• Obtaining information on competitors by conducting research, attending race trials, and liaising with contacts
• Offering and varying odds on competitors after considering factors such as 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 summarizing reinsurance to determine outstanding risk
• Surveying potential risk exposure
• Despatching notices of premiums due and forms concerning the 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 for analysis
• May work in a call centre

Occupations:

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

552311 Bookmaker

A Bookmaker determines risk, offers odds, and accepts bets on the outcome of racing and other events. Registration or licensing is required for this occupation. However, it is important to note that this occupation is illegal in New Zealand.

Skill Level: 4

552312 Insurance Consultant

Alternative Title: Insurance Clerk

An Insurance Consultant prepares and checks documentation associated with insurance. They may also 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

A Money Market Clerk processes documentation and maintains records of securities transactions and registrations.

Skill Level: 4

552314 Statistical Clerk

A Statistical Clerk compiles data and undertakes statistical and actuarial computations.

Skill Level: 4

Specialisation:

• Actuarial Clerk