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

actuarial assistanttoactuarial consultant

A actuarial assistant already meets 48% of what the actuarial consultant role asks for. The move turns on 7 required skills not yet in the profile.

From actuarial assistant
48%
Overlap1
To actuarial consultant
16 Skills carried over
7 Required, not held
50.7 Difficulty2
adjacent 0–30
moderate 30–55
substantial 55–75
career change 75–100
this move, 50.7

This move: 50.7 of 100 · moderate

1 Share of the actuarial consultant role’s weighted skill requirement already met by the actuarial assistant 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.

Table 2

Table 2 · What you already bring

Of the 16 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 actuarial assistant background worth leading with.

Skill the target role also needs Area
  • already held produce statistical financial records information skills
  • already held insurance market business, administration and law
  • already held analyse insurance risk information skills
  • already held consult credit score information skills
  • already held insurance law business, administration and law
  • already held principles of insurance business, administration and law

All 16 carried skills, including the 7 the actuarial consultant role treats as required.

Table 3

Table 3 · What you would need to learn

The 19 missing skills fall into 7 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 information skills 2 required, 2 supplementary
  • required, not held provide support in financial calculation required
  • required, not held synthesise financial information required
  • optional, not held advise on risk management optional
  • optional, not held analyse loans optional
02 business, administration and law 1 required, 6 supplementary
  • required, not held financial products required
  • optional, not held banking activities optional
  • optional, not held business loans optional
  • optional, not held credit control processes optional
  • optional, not held debt systems optional
  • optional, not held modern portfolio theory optional
  • optional, not held types of pensions optional
03 communication, collaboration and creativity 1 required, 2 supplementary
  • required, not held advise on financial matters required
  • optional, not held communicate with banking professionals optional
  • optional, not held review investment portfolios optional
04 management skills 1 required, 1 supplementary
  • required, not held create a financial plan required
  • optional, not held develop investment portfolio optional
05 generic programmes and qualifications 1 required
  • required, not held empirical analysis required
06 social sciences, journalism and information 1 required
  • required, not held quantitative analysis required

1 further area in the appendix

Table 4

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.

Each entry opens a course search for that skill. Career Overlap earns nothing from these links.

Appendix

Appendix · The rest of the record

All 16 skills that carry over
Skill Type
  • already held actuarial science knowledge
  • already held analyse market financial trends skill
  • already held apply statistical analysis techniques skill
  • already held obtain financial information skill
  • already held perform risk analysis skill
  • already held produce statistical financial records skill
  • already held statistics knowledge
  • already held analyse financial risk skill
  • already held analyse insurance risk skill
  • already held consult credit score skill
  • already held examine credit ratings skill
  • already held insurance law knowledge
  • already held insurance market knowledge
  • already held principles of insurance knowledge
  • already held provide cost benefit analysis reports skill
  • already held types of insurance knowledge
The 1 learning area not shown above
Skill to acquire Tier
07 natural sciences, mathematics and statistics 1 supplementary
  • optional, not held Monte Carlo simulation optional
12 supplementary skills, helpful but not required
Skill to acquire Tier
  • optional, not held Monte Carlo simulation optional
  • optional, not held advise on risk management optional
  • optional, not held analyse loans optional
  • optional, not held banking activities optional
  • optional, not held business loans optional
  • optional, not held communicate with banking professionals optional
  • optional, not held credit control processes optional
  • optional, not held debt systems optional
  • optional, not held develop investment portfolio optional
  • optional, not held modern portfolio theory optional
  • optional, not held review investment portfolios optional
  • optional, not held types of pensions optional
8 held skills the actuarial consultant role does not ask for
Skill Type
  • not needed by the target role advise on insurance policies skill
  • not needed by the target role calculate insurance rate skill
  • not needed by the target role carry out statistical forecasts skill
  • not needed by the target role compile statistical data for insurance purposes skill
  • not needed by the target role create insurance policies skill
  • not needed by the target role financial markets knowledge
  • not needed by the target role risk management knowledge
  • not needed by the target role statistical analysis system software knowledge
10 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 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 credit control processes optional
  • optional, not held debt systems optional
  • optional, not held modern portfolio theory optional
  • optional, not held types of pensions optional
Index

Other moves recorded from actuarial assistant

Full index of moves from actuarial assistant

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.