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

credit analysttoinsurance rating analyst

A credit analyst already meets 35% of what the insurance rating analyst role asks for. The move turns on 8 required skills not yet in the profile.

From credit analyst
35%
Overlap1
To insurance rating analyst
10 Skills carried over
8 Required, not held
61.8 Difficulty2
Career overlap Distant match

35%

Learning distance Substantial retraining

61.8/ 100

1 Share of the insurance rating analyst role’s weighted skill requirement already met by the credit 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

Why this move works

A insurance rating analyst role treats 5 of its required skills as things a credit analyst already does. These are the ones it depends on most.

  • analyse financial risk
  • analyse loans
  • examine credit ratings
  • obtain financial information
  • synthesise financial information

What stands in the way is 8 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 credit analyst background worth leading with.

Skill the target role also needs Area
  • already held advise on credit rating communication, collaboration and creativity
  • already held apply credit risk policy assisting and caring
  • already held perform debt investigation information skills
  • already held analyse loans information skills
  • already held examine credit ratings information skills
  • already held synthesise financial information information skills

All 10 carried skills, including the 5 the insurance rating analyst role treats as required.

Table 3

Table 3 · What you would need to learn

The 21 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 5 required, 2 supplementary
  • required, not held principles of insurance required
  • required, not held credit control processes required
  • required, not held insurance law required
  • required, not held insurance market required
  • required, not held types of insurance required
  • optional, not held debt systems optional
  • optional, not held modern portfolio theory optional
02 information skills 1 required, 5 supplementary
  • required, not held prepare credit reports required
  • optional, not held consult credit score optional
  • optional, not held create underwriting guidelines 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
03 communication, collaboration and creativity 1 required, 4 supplementary
  • required, not held advise on financial matters required
  • optional, not held promote financial products optional
  • optional, not held build business relationships optional
  • optional, not held communicate with banking professionals optional
  • optional, not held create cooperation modalities optional
04 natural sciences, mathematics and statistics 1 required, 1 supplementary
  • required, not held actuarial science required
  • optional, not held statistics optional
05 management skills 1 supplementary
  • optional, not held create credit policy 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 analyse financial risk skill
  • already held analyse loans skill
  • already held examine credit ratings skill
  • already held obtain financial information skill
  • already held synthesise financial information skill
  • already held advise on credit rating skill
  • already held advise on risk management skill
  • already held apply credit risk policy skill
  • already held perform debt investigation skill
  • already held review investment portfolios skill
13 supplementary skills, helpful but not required
Skill to acquire Tier
  • optional, not held consult credit score optional
  • optional, not held create credit policy optional
  • optional, not held create underwriting guidelines optional
  • optional, not held promote financial products optional
  • optional, not held analyse financial performance of a company optional
  • optional, not held analyse insurance risk optional
  • optional, not held build business relationships optional
  • optional, not held communicate with banking professionals optional
  • optional, not held create cooperation modalities optional
  • optional, not held debt systems optional
  • optional, not held forecast future levels of business optional
  • optional, not held modern portfolio theory optional
  • optional, not held statistics optional
21 held skills the insurance rating analyst role does not ask for
Skill Type
  • not needed by the target role accounting knowledge
  • not needed by the target role analyse market financial trends skill
  • not needed by the target role analyse the credit history of potential customers skill
  • not needed by the target role banking activities knowledge
  • not needed by the target role budget for financial needs skill
  • not needed by the target role debt classification knowledge
  • not needed by the target role develop investment portfolio skill
  • not needed by the target role financial engineering knowledge
  • not needed by the target role financial forecasting knowledge
  • not needed by the target role financial statements knowledge
  • not needed by the target role insolvency law knowledge
  • 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 interview techniques knowledge
  • not needed by the target role investment analysis knowledge
  • 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 securities skill
  • not needed by the target role public offering knowledge
  • not needed by the target role stock market knowledge
  • not needed by the target role tax legislation knowledge
9 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 principles of insurance required
  • required, not held credit control processes required
  • required, not held insurance law required
  • required, not held insurance market required
  • required, not held types of insurance required
  • optional, not held debt systems optional
  • optional, not held modern portfolio theory optional
  • optional, not held statistics optional
Index
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.