Table 1Transition record

insurance clerktofinancial markets back office administrator

A insurance clerk already meets 43% of what the financial markets back office administrator role asks for. The move turns on 6 required skills not yet in the profile.

From insurance clerk

43%

Overlap1

To financial markets back office administrator

10 Skills carried over

6 Required, not held

55 Difficulty2

Career overlap Partial match

43%

Learning distance Substantial retraining

55/ 100

Easy adjacentmoderatesubstantialcareer change Hard

1 Share of the financial markets back office administrator role’s weighted skill requirement already met by the insurance clerk 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 financial markets back office administrator role treats 7 of its required skills as things a insurance clerk already does. These are the ones it depends on most.

banking activities
electronic communication
handle financial transactions
handle paperwork
maintain records of financial transactions
office software

What stands in the way is 6 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 10 skills that carry over, these are the ones fewest other occupations ask for. A financial markets back office administrator role needs them, and most people applying for one will not have them already. This is the part of a insurance clerk background worth leading with.

Skill the target role also needs Area

already held handle paperwork management skills
already held provide financial product information communication, collaboration and creativity
already held electronic communication engineering, manufacturing and construction
already held office software information and communication technologies (icts)
already held maintain records of financial transactions information skills
already held trace financial transactions information skills

All 10 carried skills, including the 7 the financial markets back office administrator role treats as required.

Table 3

Table 3 · What you would need to learn

The 19 missing skills fall into 5 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 business, administration and law 4 required, 7 supplementary

required, not held customer service required
required, not held office administration required
required, not held financial markets required
required, not held financial products required

optional, not held commercial law optional
optional, not held foreign valuta optional
optional, not held international commercial transactions rules optional
optional, not held accounting optional
optional, not held financial jurisdiction optional
optional, not held securities optional
optional, not held stock market optional

02 communication, collaboration and creativity 1 required, 2 supplementary

required, not held manage contracts required

optional, not held trade foreign currencies optional
optional, not held trade securities optional

03 management skills 1 required, 1 supplementary

required, not held manage administrative systems required

optional, not held manage securities trading optional

04 natural sciences, mathematics and statistics 2 supplementary

optional, not held actuarial science optional
optional, not held statistics optional

05 social sciences, journalism and information 1 supplementary

optional, not held economics optional

Table 4

Table 4 · Where to start

The 3 entries a financial markets back office administrator 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 10 skills that carry over

Skill Type

already held banking activities knowledge
already held electronic communication knowledge
already held handle financial transactions skill
already held handle paperwork skill
already held maintain records of financial transactions skill
already held office software knowledge
already held perform clerical duties skill
already held communicate with banking professionals skill
already held provide financial product information skill
already held trace financial transactions skill

13 supplementary skills, helpful but not required

Skill to acquire Tier

optional, not held actuarial science optional
optional, not held commercial law optional
optional, not held foreign valuta optional
optional, not held international commercial transactions rules optional
optional, not held manage securities trading optional
optional, not held trade foreign currencies optional
optional, not held accounting optional
optional, not held economics optional
optional, not held financial jurisdiction optional
optional, not held securities optional
optional, not held statistics optional
optional, not held stock market optional
optional, not held trade securities optional

22 held skills the financial markets back office administrator role does not ask for

Skill Type

not needed by the target role advise on financial matters skill
not needed by the target role analyse insurance needs skill
not needed by the target role classify insurance claims skill
not needed by the target role communicate with customers skill
not needed by the target role company policies knowledge
not needed by the target role file claims with insurance companies skill
not needed by the target role follow written instructions skill
not needed by the target role handle incoming insurance claims skill
not needed by the target role identify customer's needs skill
not needed by the target role insurance law knowledge
not needed by the target role insurance market knowledge
not needed by the target role maintain financial records skill
not needed by the target role obtain financial information skill
not needed by the target role offer financial services skill
not needed by the target role perform office routine activities skill
not needed by the target role present reports skill
not needed by the target role principles of insurance knowledge
not needed by the target role review insurance process skill
not needed by the target role tax legislation knowledge
not needed by the target role types of insurance knowledge
not needed by the target role use office systems skill
not needed by the target role write work-related reports skill

14 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 customer service required
required, not held office administration required
required, not held financial markets required
required, not held financial products required
optional, not held actuarial science optional
optional, not held commercial law optional
optional, not held foreign valuta optional
optional, not held international commercial transactions rules optional
optional, not held accounting optional
optional, not held economics optional
optional, not held financial jurisdiction optional
optional, not held securities optional
optional, not held statistics optional
optional, not held stock market optional

Index

Other moves recorded from insurance clerk

Full index of moves from insurance clerk

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.