Insurance agency manager to real estate manager
An insurance agency manager already meets 58% of what the real estate manager role asks for. The move turns on 11 required skills not yet in the profile.
49.1/ 100
1 How much of what a real estate manager is expected to do is already part of an insurance agency manager’s work. Directional: the figure for the reverse move differs, because moving into a speciality is not the same problem as moving out of one. 2 Every skill the real estate manager role is recorded as needing, required and optional together. What these numbers mean.
Why this move works
A real estate manager role treats 20 of its required skills as things an insurance agency manager already does. You would walk in with these on day one.
- advise on financial matters
- analyse financial performance of a company
- analyse insurance risk
- analyse market financial trends
- control financial resources
- corporate social responsibility
What stands in the way is 11 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 22 skills that carry over, these are the ones fewest other occupations ask for. A real estate manager role needs them, and most people applying for one will not have them already. This is the part of an insurance agency manager background worth leading with.
- already held create insurance policies communication, collaboration and creativity
- already held organise a damage assessment management skills
- already held analyse insurance risk information skills
- already held control financial resources management skills
- already held enforce financial policies management skills
- already held financial analysis business, administration and law
All 22 carried skills, including the 20 the real estate manager role treats as required.
Table 3 · What you may need to learn
The 22 missing skills fall into 4 areas of the ESCO skill hierarchy, numbered in the order worth working in. Areas carrying the most required skills come first, and inside each one the required skills sit above the optional ones. Nothing here is a verdict on you: it is a list of what this particular job asks for that your current one does not.
- still to learn audit contractors required
- still to learn compare property values required
- still to learn execute feasibility study required
- still to learn maintain financial records required
- still to learn trace financial transactions required
- optional, not held examine the conditions of buildings optional
- optional, not held value properties optional
- still to learn budgetary principles required
- still to learn property law required
- still to learn real estate market required
- optional, not held concurrent estate optional
- optional, not held modern portfolio theory optional
- still to learn collect rental fees required
- still to learn monitor contractor performance required
- still to learn supervise property development projects required
- optional, not held manage budgets optional
- optional, not held advise on property value optional
- optional, not held attend trade fairs optional
- optional, not held develop professional network optional
- optional, not held inform on renting agreements optional
- optional, not held negotiate with property owners optional
- optional, not held provide information on properties optional
Table 4 · Where to start
The 3 entries a real estate manager role is least likely to hire without. The ordering is computed from the skill data, not from what pays.
- 01 budgetary principles study this
- 02 collect rental fees practise this
- 03 audit contractors practise this
Each entry opens a course search for that skill. Career Overlap earns nothing from these links.
Appendix · The rest of the record
All 22 skills that carry over
- already held advise on financial matters skill
- already held analyse financial performance of a company skill
- already held analyse insurance risk skill
- already held analyse market financial trends skill
- already held control financial resources skill
- already held corporate social responsibility knowledge
- already held create a financial plan skill
- already held create insurance policies skill
- already held enforce financial policies skill
- already held financial analysis knowledge
- already held financial management knowledge
- already held financial statements knowledge
- already held follow company standards skill
- already held liaise with managers skill
- already held manage contracts skill
- already held manage staff skill
- already held obtain financial information skill
- already held organise a damage assessment skill
- already held provide cost benefit analysis reports skill
- already held strive for company growth skill
- already held plan health and safety procedures skill
- already held recruit employees skill
11 supplementary skills, helpful but not required
- optional, not held advise on property value optional
- optional, not held attend trade fairs optional
- optional, not held concurrent estate optional
- optional, not held develop professional network optional
- optional, not held examine the conditions of buildings optional
- optional, not held inform on renting agreements optional
- optional, not held manage budgets optional
- optional, not held modern portfolio theory optional
- optional, not held negotiate with property owners optional
- optional, not held provide information on properties optional
- optional, not held value properties optional
41 held skills the real estate manager role does not ask for
- not needed by the target role accounting techniques knowledge
- not needed by the target role advise on investment skill
- not needed by the target role align efforts towards business development skill
- not needed by the target role analyse business plans skill
- not needed by the target role analyse claim files skill
- not needed by the target role analyse insurance needs skill
- not needed by the target role apply technical communication skills skill
- not needed by the target role build business relationships skill
- not needed by the target role business management principles knowledge
- not needed by the target role calculate insurance rate skill
- not needed by the target role check accounting records skill
- not needed by the target role claims procedures knowledge
- not needed by the target role compile statistical data for insurance purposes skill
- not needed by the target role contract law knowledge
- not needed by the target role coordinate marketing plan actions skill
- not needed by the target role coordinate operational activities skill
- not needed by the target role create cooperation modalities skill
- not needed by the target role create underwriting guidelines skill
- not needed by the target role decide on insurance applications skill
- not needed by the target role ensure compliance with company regulations skill
- not needed by the target role estimate damage skill
- not needed by the target role identify clients' needs skill
- not needed by the target role insurance law knowledge
- not needed by the target role insurance market knowledge
- not needed by the target role lead claim examiners skill
- not needed by the target role make investment decisions skill
- not needed by the target role make strategic business decisions skill
- not needed by the target role manage claim files skill
- not needed by the target role manage contract disputes skill
- not needed by the target role manage financial risk skill
- not needed by the target role perform market research skill
- not needed by the target role plan marketing campaigns skill
- not needed by the target role principles of insurance knowledge
- not needed by the target role produce materials for decision making skill
- not needed by the target role represent the organisation skill
- not needed by the target role review insurance process skill
- not needed by the target role sell insurance skill
- not needed by the target role supervise accounting operations skill
- not needed by the target role synthesise financial information skill
- not needed by the target role tax legislation knowledge
1 further entry not listed here
5 gaps that are knowledge rather than practice
Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.
- still to learn budgetary principles required
- still to learn property law required
- still to learn real estate market required
- optional, not held concurrent estate optional
- optional, not held modern portfolio theory optional
Other moves recorded from insurance agency manager
Common questions about this move
Can an insurance agency manager become a real estate manager?
Yes, and it is a moderate move. An insurance agency manager already covers 58% of what a real estate manager is expected to do: 22 skills carry over, 20 of which the real estate manager role treats as required.
What skills does an insurance agency manager need to become a real estate manager?
11 required skills are missing, plus 11 optional ones. They fall into 4 areas of the ESCO skill hierarchy, led by information skills. The single most important is budgetary principles.
How hard is the move from insurance agency manager to real estate manager?
Its learning distance is 49.1 out of 100, which is the moderate band. That accounts for both how much is missing and how specialised those skills are.
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.