Table 1Transition record

mortgage brokertoinsurance rating analyst

A mortgage broker already meets 42% of what the insurance rating analyst role asks for. The move turns on 6 required skills not yet in the profile.

From mortgage broker

42%

Overlap1

To insurance rating analyst

10 Skills carried over

6 Required, not held

55.7 Difficulty2

Career overlap Partial match

42%

Learning distance Substantial retraining

55.7/ 100

Easy adjacentmoderatesubstantialcareer change Hard

1 Share of the insurance rating analyst role’s weighted skill requirement already met by the mortgage broker 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 insurance rating analyst role treats 7 of its required skills as things a mortgage broker already does. These are the ones it depends on most.

actuarial science
analyse financial risk
analyse loans
credit control processes
examine credit ratings
obtain financial information

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 insurance rating analyst role needs them, and most people applying for one will not have them already. This is the part of a mortgage broker background worth leading with.

Skill the target role also needs Area

already held analyse loans information skills
already held credit control processes business, administration and law
already held consult credit score information skills
already held debt systems business, administration and law
already held examine credit ratings information skills
already held synthesise financial information information skills

All 10 carried skills, including the 7 the insurance rating analyst 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 4 required, 1 supplementary

required, not held principles of insurance required
required, not held insurance law required
required, not held insurance market required
required, not held types of insurance required

optional, not held modern portfolio theory optional

02 information skills 1 required, 6 supplementary

required, not held prepare credit reports required

optional, not held create underwriting guidelines optional
optional, not held advise on risk management optional
optional, not held analyse financial performance of a company optional
optional, not held analyse insurance risk optional
optional, not held forecast future levels of business optional
optional, not held perform debt investigation optional

03 communication, collaboration and creativity 1 required, 5 supplementary

required, not held advise on financial matters required

optional, not held promote financial products optional
optional, not held advise on credit rating optional
optional, not held build business relationships optional
optional, not held create cooperation modalities optional
optional, not held review investment portfolios optional

04 assisting and caring 1 supplementary

optional, not held apply credit risk policy optional

05 management skills 1 supplementary

optional, not held create credit policy optional

06 natural sciences, mathematics and statistics 1 supplementary

optional, not held statistics optional

Table 4

Table 4 · Where to start

The 3 entries a insurance rating analyst 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 actuarial science knowledge
already held analyse financial risk skill
already held analyse loans skill
already held credit control processes knowledge
already held examine credit ratings skill
already held obtain financial information skill
already held synthesise financial information skill
already held communicate with banking professionals skill
already held consult credit score skill
already held debt systems knowledge

15 supplementary skills, helpful but not required

Skill to acquire Tier

optional, not held create credit policy optional
optional, not held create underwriting guidelines optional
optional, not held promote financial products optional
optional, not held advise on credit rating optional
optional, not held advise on risk management optional
optional, not held analyse financial performance of a company optional
optional, not held analyse insurance risk optional
optional, not held apply credit risk policy optional
optional, not held build business relationships optional
optional, not held create cooperation modalities optional
optional, not held forecast future levels of business optional
optional, not held modern portfolio theory optional
optional, not held perform debt investigation optional
optional, not held review investment portfolios optional
optional, not held statistics optional

23 held skills the insurance rating analyst role does not ask for

Skill Type

not needed by the target role assist in loan applications skill
not needed by the target role banking activities knowledge
not needed by the target role business loans knowledge
not needed by the target role collect property financial information skill
not needed by the target role decide on loan applications skill
not needed by the target role examine mortgage loan documents skill
not needed by the target role foreclosure knowledge
not needed by the target role inform on interest rates skill
not needed by the target role interpret financial statements skill
not needed by the target role interview bank loanees skill
not needed by the target role maintain client debt records skill
not needed by the target role maintain credit history of clients skill
not needed by the target role manage loan applications skill
not needed by the target role moderate in negotiations skill
not needed by the target role monitor loan portfolio skill
not needed by the target role mortgage loans knowledge
not needed by the target role negotiate loan agreements skill
not needed by the target role property law knowledge
not needed by the target role protect client interests skill
not needed by the target role provide support in financial calculation skill
not needed by the target role real estate underwriting knowledge
not needed by the target role securities knowledge
not needed by the target role tax legislation 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 principles of insurance required
required, not held insurance law required
required, not held insurance market required
required, not held types of insurance required
optional, not held modern portfolio theory optional
optional, not held statistics optional

Index

Other moves recorded from mortgage broker

Full index of moves from mortgage broker

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.