Table 1Transition record

insurance rating analysttocredit analyst

A insurance rating analyst already meets 41% of what the credit analyst role asks for. The move turns on 8 required skills not yet in the profile.

From insurance rating analyst

41%

Overlap1

To credit analyst

10 Skills carried over

8 Required, not held

56.4 Difficulty2

Career overlap Partial match

41%

Learning distance Substantial retraining

56.4/ 100

Easy adjacentmoderatesubstantialcareer change Hard

1 Share of the credit analyst role’s weighted skill requirement already met by the insurance rating 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 credit analyst role treats 8 of its required skills as things a insurance rating analyst already does. These are the ones it depends on most.

advise on credit rating
advise on risk management
analyse financial risk
analyse loans
apply credit risk policy
obtain 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 credit analyst role needs them, and most people applying for one will not have them already. This is the part of a insurance rating 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 8 the credit 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 4 required, 7 supplementary

required, not held debt classification required
required, not held financial engineering required
required, not held financial statements required
required, not held insolvency law required

optional, not held investment analysis optional
optional, not held accounting optional
optional, not held banking activities optional
optional, not held financial forecasting optional
optional, not held public offering optional
optional, not held stock market optional
optional, not held tax legislation optional

02 information skills 4 required, 1 supplementary

required, not held analyse the credit history of potential customers required
required, not held interpret financial statements required
required, not held maintain client debt records required
required, not held maintain credit history of clients required

optional, not held analyse market financial trends optional

03 management skills 3 supplementary

optional, not held budget for financial needs optional
optional, not held develop investment portfolio optional
optional, not held manage securities optional

04 communication, collaboration and creativity 1 supplementary

optional, not held interview bank loanees optional

05 social sciences, journalism and information 1 supplementary

optional, not held interview techniques optional

Table 4

Table 4 · Where to start

The 3 entries a credit 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 advise on credit rating skill
already held advise on risk management skill
already held analyse financial risk skill
already held analyse loans skill
already held apply credit risk policy skill
already held obtain financial information skill
already held perform debt investigation skill
already held synthesise financial information skill
already held examine credit ratings skill
already held review investment portfolios skill

13 supplementary skills, helpful but not required

Skill to acquire Tier

optional, not held investment analysis optional
optional, not held accounting optional
optional, not held analyse market financial trends optional
optional, not held banking activities optional
optional, not held budget for financial needs optional
optional, not held develop investment portfolio optional
optional, not held financial forecasting optional
optional, not held interview bank loanees optional
optional, not held interview techniques optional
optional, not held manage securities optional
optional, not held public offering optional
optional, not held stock market optional
optional, not held tax legislation optional

21 held skills the credit analyst role does not ask for

Skill Type

not needed by the target role actuarial science knowledge
not needed by the target role advise on financial matters skill
not needed by the target role analyse financial performance of a company skill
not needed by the target role analyse insurance risk skill
not needed by the target role build business relationships skill
not needed by the target role communicate with banking professionals skill
not needed by the target role consult credit score skill
not needed by the target role create cooperation modalities skill
not needed by the target role create credit policy skill
not needed by the target role create underwriting guidelines skill
not needed by the target role credit control processes knowledge
not needed by the target role debt systems knowledge
not needed by the target role forecast future levels of business 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 modern portfolio theory knowledge
not needed by the target role prepare credit reports skill
not needed by the target role principles of insurance knowledge
not needed by the target role promote financial products skill
not needed by the target role statistics knowledge
not needed by the target role types of insurance knowledge

12 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 debt classification required
required, not held financial engineering required
required, not held financial statements required
required, not held insolvency law required
optional, not held investment analysis optional
optional, not held accounting optional
optional, not held banking activities optional
optional, not held financial forecasting optional
optional, not held interview techniques optional
optional, not held public offering optional
optional, not held stock market optional
optional, not held tax legislation optional

Index

Other moves recorded from insurance rating analyst

Full index of moves from insurance rating analyst

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.