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

relationship banking managertoinsurance product manager

A relationship banking manager already meets 58% of what the insurance product manager role asks for. The move turns on 9 required skills not yet in the profile.

From relationship banking manager
58%
Overlap1
To insurance product manager
19 Skills carried over
9 Required, not held
48.4 Difficulty2
Career overlap Partial match

58%

Learning distance Real move, short list to learn

48.4/ 100

1 Share of the insurance product manager role’s weighted skill requirement already met by the relationship banking 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 insurance product manager role treats 17 of its required skills as things a relationship banking 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
  • create a financial plan

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

Table 2 · What you already bring

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

Skill the target role also needs Area
  • already held principles of insurance business, administration and law
  • already held types of insurance business, administration and law
  • already held enforce financial policies management skills
  • already held financial analysis business, administration and law
  • already held financial products business, administration and law
  • already held analyse financial performance of a company information skills

All 19 carried skills, including the 17 the insurance product manager role treats as required.

Table 3

Table 3 · What you would need to learn

The 20 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, 1 supplementary
  • required, not held sales strategies required
  • required, not held insurance law required
  • required, not held insurance market required
  • required, not held marketing management required
  • optional, not held modern portfolio theory optional
02 management skills 3 required, 3 supplementary
  • required, not held develop financial products required
  • required, not held supervise sales activities required
  • required, not held plan marketing campaigns required
  • optional, not held develop investment portfolio optional
  • optional, not held manage staff optional
  • optional, not held recruit employees optional
03 communication, collaboration and creativity 2 required, 5 supplementary
  • required, not held promote financial products required
  • required, not held create insurance policies required
  • optional, not held deliver a sales pitch optional
  • optional, not held sell insurance optional
  • optional, not held create cooperation modalities optional
  • optional, not held ensure cross-department cooperation optional
  • optional, not held review investment portfolios optional
04 information skills 1 supplementary
  • optional, not held perform market research optional
05 natural sciences, mathematics and statistics 1 supplementary
  • optional, not held statistics optional
Table 4

Table 4 · Where to start

The 3 entries a insurance product 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 create a financial plan skill
  • already held enforce financial policies skill
  • already held financial analysis knowledge
  • already held financial management knowledge
  • already held financial products 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 principles of insurance knowledge
  • already held strive for company growth skill
  • already held types of insurance knowledge
  • already held obtain financial information skill
  • already held plan health and safety procedures skill
11 supplementary skills, helpful but not required
Skill to acquire Tier
  • optional, not held deliver a sales pitch optional
  • optional, not held sell insurance optional
  • optional, not held create cooperation modalities optional
  • optional, not held develop investment portfolio optional
  • optional, not held ensure cross-department cooperation optional
  • optional, not held manage staff optional
  • optional, not held modern portfolio theory optional
  • optional, not held perform market research optional
  • optional, not held recruit employees optional
  • optional, not held review investment portfolios optional
  • optional, not held statistics optional
37 held skills the insurance product manager role does not ask for
Skill Type
  • not needed by the target role accounting techniques knowledge
  • not needed by the target role advise on credit rating skill
  • not needed by the target role advise on investment skill
  • not needed by the target role analyse business plans skill
  • not needed by the target role apply credit risk policy skill
  • not needed by the target role apply technical communication skills skill
  • not needed by the target role assist in loan applications skill
  • not needed by the target role build business relationships skill
  • not needed by the target role business loans knowledge
  • not needed by the target role business management principles knowledge
  • not needed by the target role communicate with banking professionals skill
  • not needed by the target role conduct financial audits skill
  • not needed by the target role consult credit score skill
  • not needed by the target role core banking software knowledge
  • not needed by the target role customer service knowledge
  • not needed by the target role economics knowledge
  • not needed by the target role ensure compliance with company regulations skill
  • not needed by the target role examine credit ratings skill
  • not needed by the target role financial jurisdiction knowledge
  • not needed by the target role financial markets knowledge
  • not needed by the target role foreign valuta knowledge
  • not needed by the target role identify customer's needs skill
  • not needed by the target role inform on interest rates skill
  • not needed by the target role maintain relationship with customers skill
  • 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 mortgage loans knowledge
  • not needed by the target role negotiate with stakeholders skill
  • not needed by the target role offer financial services skill
  • not needed by the target role operate financial instruments skill
  • not needed by the target role present reports skill
  • not needed by the target role prospect new customers skill
  • not needed by the target role provide cost benefit analysis reports skill
  • not needed by the target role provide financial product information skill
  • not needed by the target role relationship marketing 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 sales strategies required
  • required, not held insurance law required
  • required, not held insurance market required
  • required, not held marketing management required
  • optional, not held modern portfolio theory optional
  • optional, not held statistics optional
Index

Other moves recorded from relationship banking manager

Full index of moves from relationship banking 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.