insurance rating analysttoactuarial consultant
A insurance rating analyst already meets 48% of what the actuarial consultant role asks for. The move turns on 9 required skills not yet in the profile.
48%
50.3/ 100
1 Share of the actuarial consultant role’s weighted skill requirement already met by the insurance rating 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 this move works
A actuarial consultant role treats 5 of its required skills as things a insurance rating analyst already does. These are the ones it depends on most.
- actuarial science
- advise on financial matters
- obtain financial information
- statistics
- synthesise financial information
What stands in the way is 9 required skills the profile does not yet cover. Table 3 groups them; Table 4 says which to take first.
Table 2 · What you already bring
Of the 20 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 insurance rating analyst background worth leading with.
- already held insurance market business, administration and law
- already held analyse loans information skills
- already held analyse insurance risk information skills
- already held credit control processes business, administration and law
- already held consult credit score information skills
- already held insurance law business, administration and law
All 20 carried skills, including the 5 the actuarial consultant role treats as required.
Table 3 · What you would need to learn
The 15 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.
- required, not held analyse market financial trends required
- required, not held apply statistical analysis techniques 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
- optional, not held provide cost benefit analysis reports optional
- required, not held financial products required
- optional, not held banking activities optional
- optional, not held business loans optional
- optional, not held types of pensions optional
- required, not held create a financial plan required
- optional, not held develop investment portfolio optional
- required, not held empirical analysis required
- required, not held quantitative analysis required
- optional, not held Monte Carlo simulation optional
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.
- 01 analyse market financial trends skill · cross sector
- 02 apply statistical analysis techniques skill · cross sector
- 03 create a financial plan skill · cross sector
Each entry opens a course search for that skill. Career Overlap earns nothing from these links.
Appendix · The rest of the record
All 20 skills that carry over
- already held actuarial science knowledge
- already held advise on financial matters skill
- already held obtain financial information skill
- already held statistics knowledge
- already held synthesise financial information skill
- already held advise on risk management skill
- already held analyse financial risk skill
- already held analyse insurance risk skill
- already held analyse loans skill
- already held communicate with banking professionals skill
- already held consult credit score skill
- already held credit control processes knowledge
- already held debt systems knowledge
- already held examine credit ratings skill
- already held insurance law knowledge
- already held insurance market knowledge
- already held modern portfolio theory knowledge
- already held principles of insurance knowledge
- already held review investment portfolios skill
- already held types of insurance knowledge
6 supplementary skills, helpful but not required
- optional, not held Monte Carlo simulation optional
- optional, not held banking activities optional
- optional, not held business loans optional
- optional, not held develop investment portfolio optional
- optional, not held provide cost benefit analysis reports optional
- optional, not held types of pensions optional
11 held skills the actuarial consultant role does not ask for
- not needed by the target role advise on credit rating skill
- not needed by the target role analyse financial performance of a company skill
- not needed by the target role apply credit risk policy skill
- not needed by the target role build business relationships skill
- not needed by the target role create cooperation modalities skill
- not needed by the target role create credit policy skill
- not needed by the target role create underwriting guidelines skill
- not needed by the target role forecast future levels of business skill
- not needed by the target role perform debt investigation skill
- not needed by the target role prepare credit reports skill
- not needed by the target role promote financial products skill
7 gaps that are knowledge rather than practice
Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.
- required, not held empirical analysis required
- required, not held financial products required
- required, not held quantitative analysis required
- optional, not held Monte Carlo simulation optional
- optional, not held banking activities optional
- optional, not held business loans optional
- optional, not held types of pensions optional
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.