Career Overlap Transition record Edition 1 · ESCO v1.2.1
Table 1Transition record

financial analysttoactuarial consultant

A financial analyst already meets 33% of what the actuarial consultant role asks for. The move turns on 8 required skills not yet in the profile.

From financial analyst
33%
Overlap1
To actuarial consultant
9 Skills carried over
8 Required, not held
63.5 Difficulty2
Career overlap Distant match

33%

Learning distance Substantial retraining

63.5/ 100

1 Share of the actuarial consultant role’s weighted skill requirement already met by the financial analyst profile. Required skills count in full, supplementary skills at 0.35. Directional: the figure for the reverse move differs. 2 Combines what is missing with how specialised it is, so a gap of general skills scores easier than the same number of narrow ones.

Why

Why this move works

A actuarial consultant role treats 6 of its required skills as things a financial analyst already does. These are the ones it depends on most.

  • advise on financial matters
  • create a financial plan
  • empirical analysis
  • financial products
  • quantitative analysis
  • statistics

What stands in the way is 8 required skills the profile does not yet cover. Table 3 groups them; Table 4 says which to take first.

Table 2

Table 2 · What you already bring

Of the 9 skills that carry over, these are the ones fewest other occupations ask for. A actuarial consultant role needs them, and most people applying for one will not have them already. This is the part of a financial analyst background worth leading with.

Skill the target role also needs Area
  • already held empirical analysis generic programmes and qualifications
  • already held quantitative analysis social sciences, journalism and information
  • already held develop investment portfolio management skills
  • already held financial products business, administration and law
  • already held create a financial plan management skills
  • already held provide cost benefit analysis reports information skills

All 9 carried skills, including the 6 the actuarial consultant role treats as required.

Table 3

Table 3 · What you would need to learn

The 26 missing skills fall into 4 areas of the ESCO skill hierarchy, numbered below in the order worth working in: the areas carrying the most required skills come first, and inside each one the required skills sit above the supplementary ones.

Skill to acquire Tier
01 information skills 7 required, 5 supplementary
  • required, not held analyse market financial trends required
  • required, not held apply statistical analysis techniques required
  • required, not held obtain financial information required
  • required, not held perform risk analysis required
  • required, not held produce statistical financial records required
  • required, not held provide support in financial calculation required
  • required, not held synthesise financial information required
  • optional, not held consult credit score optional
  • optional, not held advise on risk management optional
  • optional, not held analyse insurance risk optional
  • optional, not held analyse loans optional
  • optional, not held examine credit ratings optional
02 natural sciences, mathematics and statistics 1 required, 1 supplementary
  • required, not held actuarial science required
  • optional, not held Monte Carlo simulation optional
03 business, administration and law 10 supplementary
  • optional, not held principles of insurance optional
  • optional, not held banking activities optional
  • optional, not held business loans optional
  • optional, not held credit control processes optional
  • optional, not held debt systems optional
  • optional, not held insurance law optional
  • optional, not held insurance market optional
  • optional, not held modern portfolio theory optional
  • optional, not held types of insurance optional
  • optional, not held types of pensions optional
04 communication, collaboration and creativity 2 supplementary
  • optional, not held communicate with banking professionals optional
  • optional, not held review investment portfolios optional
Table 4

Table 4 · Where to start

The 3 entries a actuarial consultant role is least likely to hire without. The ordering is computed from the skill data, not from what pays.

Each entry opens a course search for that skill. Career Overlap earns nothing from these links.

Appendix

Appendix · The rest of the record

All 9 skills that carry over
Skill Type
  • already held advise on financial matters skill
  • already held create a financial plan skill
  • already held empirical analysis knowledge
  • already held financial products knowledge
  • already held quantitative analysis knowledge
  • already held statistics knowledge
  • already held analyse financial risk skill
  • already held develop investment portfolio skill
  • already held provide cost benefit analysis reports skill
18 supplementary skills, helpful but not required
Skill to acquire Tier
  • optional, not held consult credit score optional
  • optional, not held principles of insurance optional
  • optional, not held Monte Carlo simulation optional
  • optional, not held advise on risk management optional
  • optional, not held analyse insurance risk optional
  • optional, not held analyse loans optional
  • optional, not held banking activities optional
  • optional, not held business loans optional
  • optional, not held communicate with banking professionals optional
  • optional, not held credit control processes optional
  • optional, not held debt systems optional
  • optional, not held examine credit ratings optional
  • optional, not held insurance law optional
  • optional, not held insurance market optional
  • optional, not held modern portfolio theory optional
  • optional, not held review investment portfolios optional
  • optional, not held types of insurance optional
  • optional, not held types of pensions optional
38 held skills the actuarial consultant role does not ask for
Skill Type
  • not needed by the target role accounting knowledge
  • not needed by the target role advise on tax planning skill
  • not needed by the target role analyse financial performance of a company skill
  • not needed by the target role assess financial viability skill
  • not needed by the target role asset management knowledge
  • not needed by the target role business analytics knowledge
  • not needed by the target role business processes knowledge
  • not needed by the target role consider economic criteria in decision making skill
  • not needed by the target role cost management knowledge
  • not needed by the target role create a financial report skill
  • not needed by the target role develop transportation cost metrics skill
  • not needed by the target role digital data processing skill
  • not needed by the target role economics knowledge
  • not needed by the target role ensure compliance with disclosure criteria of accounting information skill
  • not needed by the target role explain financial jargon skill
  • not needed by the target role financial forecasting knowledge
  • not needed by the target role financial management knowledge
  • not needed by the target role fundamental analysis knowledge
  • not needed by the target role game theory knowledge
  • not needed by the target role green bonds knowledge
  • not needed by the target role handle mergers and acquisitions skill
  • not needed by the target role interpret financial statements skill
  • not needed by the target role investment banking knowledge
  • not needed by the target role macroeconomics knowledge
  • not needed by the target role management consulting knowledge
  • not needed by the target role mergers and acquisitions knowledge
  • not needed by the target role microeconomics knowledge
  • not needed by the target role monitor loan portfolio skill
  • not needed by the target role monitor stock market skill
  • not needed by the target role offer financial services skill
  • not needed by the target role perform business analysis skill
  • not needed by the target role perform business research skill
  • not needed by the target role prepare financial projections skill
  • not needed by the target role public offering knowledge
  • not needed by the target role stock market knowledge
  • not needed by the target role sustainable finance knowledge
  • not needed by the target role treasury management system knowledge
  • not needed by the target role use business simulation tools skill
12 gaps that are knowledge rather than practice

Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.

Skill to acquire Tier
  • required, not held actuarial science required
  • optional, not held principles of insurance optional
  • optional, not held Monte Carlo simulation optional
  • optional, not held banking activities optional
  • optional, not held business loans optional
  • optional, not held credit control processes optional
  • optional, not held debt systems optional
  • optional, not held insurance law optional
  • optional, not held insurance market optional
  • optional, not held modern portfolio theory optional
  • optional, not held types of insurance optional
  • optional, not held types of pensions optional
Index

Other moves recorded from financial analyst

Full index of moves from financial analyst

Note

How this record was compiled

Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.