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

insurance product managertoasset manager

A insurance product manager already meets 58% of what the asset manager role asks for. The move turns on 7 required skills not yet in the profile.

From insurance product manager
58%
Overlap1
To asset manager
19 Skills carried over
7 Required, not held
46.7 Difficulty2
Career overlap Partial match

58%

Learning distance Real move, short list to learn

46.7/ 100

1 Share of the asset manager role’s weighted skill requirement already met by the insurance product manager 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 asset manager role treats 15 of its required skills as things a insurance product manager already does. These are the ones it depends on most.

  • advise on financial matters
  • analyse financial performance of a company
  • analyse financial risk
  • analyse market financial trends
  • corporate social responsibility
  • develop investment portfolio

What stands in the way is 7 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 19 skills that carry over, these are the ones fewest other occupations ask for. A asset manager role needs them, and most people applying for one will not have them already. This is the part of a insurance product manager background worth leading with.

Skill the target role also needs Area
  • already held develop investment portfolio management skills
  • already held enforce financial policies management skills
  • already held modern portfolio theory business, administration and law
  • already held financial analysis business, administration and law
  • already held review investment portfolios communication, collaboration and creativity
  • already held analyse financial performance of a company information skills

All 19 carried skills, including the 15 the asset manager role treats as required.

Table 3

Table 3 · What you would need to learn

The 21 missing skills fall into 6 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 2 required, 3 supplementary
  • required, not held asset management required
  • required, not held financial markets required
  • optional, not held credit control processes optional
  • optional, not held funding methods optional
  • optional, not held securities optional
02 information skills 2 required, 3 supplementary
  • required, not held advise on risk management required
  • required, not held examine credit ratings required
  • optional, not held consult credit score optional
  • optional, not held interpret financial statements optional
  • optional, not held provide support in financial calculation optional
03 management skills 2 required, 1 supplementary
  • required, not held perform asset recognition required
  • required, not held handle financial transactions required
  • optional, not held exert expenditure control optional
04 natural sciences, mathematics and statistics 1 required
  • required, not held actuarial science required
05 communication, collaboration and creativity 6 supplementary
  • optional, not held negotiate on asset value optional
  • optional, not held review closing procedures optional
  • optional, not held apply technical communication skills optional
  • optional, not held handle financial disputes optional
  • optional, not held identify clients' needs optional
  • optional, not held negotiate loan agreements optional
06 assisting and caring 1 supplementary
  • optional, not held apply credit risk policy optional
Table 4

Table 4 · Where to start

The 3 entries a asset manager 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 19 skills that carry over
Skill Type
  • already held advise on financial matters skill
  • already held analyse financial performance of a company skill
  • already held analyse financial risk skill
  • already held analyse market financial trends skill
  • already held corporate social responsibility knowledge
  • already held develop investment portfolio skill
  • already held enforce financial policies skill
  • already held financial analysis knowledge
  • already held financial statements knowledge
  • already held follow company standards skill
  • already held liaise with managers skill
  • already held manage financial risk skill
  • already held modern portfolio theory knowledge
  • already held review investment portfolios skill
  • already held strive for company growth skill
  • already held create a financial plan skill
  • already held financial management knowledge
  • already held obtain financial information skill
  • already held plan health and safety procedures skill
14 supplementary skills, helpful but not required
Skill to acquire Tier
  • optional, not held consult credit score optional
  • optional, not held negotiate on asset value optional
  • optional, not held review closing procedures optional
  • optional, not held apply credit risk policy optional
  • optional, not held apply technical communication skills optional
  • optional, not held credit control processes optional
  • optional, not held exert expenditure control optional
  • optional, not held funding methods optional
  • optional, not held handle financial disputes optional
  • optional, not held identify clients' needs optional
  • optional, not held interpret financial statements optional
  • optional, not held negotiate loan agreements optional
  • optional, not held provide support in financial calculation optional
  • optional, not held securities optional
20 held skills the asset manager role does not ask for
Skill Type
  • not needed by the target role create cooperation modalities skill
  • not needed by the target role create insurance policies skill
  • not needed by the target role deliver a sales pitch skill
  • not needed by the target role develop financial products skill
  • not needed by the target role ensure cross-department cooperation skill
  • not needed by the target role financial products knowledge
  • not needed by the target role insurance law knowledge
  • not needed by the target role insurance market knowledge
  • not needed by the target role manage staff skill
  • not needed by the target role marketing management knowledge
  • not needed by the target role perform market research skill
  • not needed by the target role plan marketing campaigns skill
  • not needed by the target role principles of insurance knowledge
  • not needed by the target role promote financial products skill
  • not needed by the target role recruit employees skill
  • not needed by the target role sales strategies knowledge
  • not needed by the target role sell insurance skill
  • not needed by the target role statistics knowledge
  • not needed by the target role supervise sales activities skill
  • not needed by the target role types of insurance knowledge
6 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
  • required, not held asset management required
  • required, not held financial markets required
  • optional, not held credit control processes optional
  • optional, not held funding methods optional
  • optional, not held securities optional
Index

Other moves recorded from insurance product manager

Full index of moves from insurance product manager

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.