RecordMove

Statistical assistant to actuarial assistant

A statistical assistant already meets 36% of what the actuarial assistant role asks for. The move turns on 5 required skills not yet in the profile.

Fig. 1 · Skill transfer ESCO v1.2.1 · directional

From statistical assistant

Distant match

To actuarial assistant

6 You already bring

5 Still to learn

24 Skills in the target role2

Learning distance Substantial retraining

57.2/ 100

adjacentmoderatesubstantialcareer change

1 How much of what an actuarial assistant is expected to do is already part of a statistical assistant’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 actuarial assistant role is recorded as needing, required and optional together. What these numbers mean.

Why

Why this move works

An actuarial assistant role treats 5 of its required skills as things a statistical assistant already does. You would walk in with these on day one.

apply statistical analysis techniques
carry out statistical forecasts
compile statistical data for insurance purposes
statistical analysis system software
statistics

What stands in the way is 5 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 6 skills that carry over, these are the ones fewest other occupations ask for. An actuarial assistant role needs them, and most people applying for one will not have them already. This is the part of a statistical assistant background worth leading with.

Skill the target role also needs Area

already held compile statistical data for insurance purposes information skills
already held produce statistical financial records information skills
already held statistical analysis system software natural sciences, mathematics and statistics
already held carry out statistical forecasts information skills
already held apply statistical analysis techniques information skills
already held statistics natural sciences, mathematics and statistics

All 6 carried skills, including the 5 the actuarial assistant role treats as required.

Table 3

Table 3 · What you may need to learn

The 18 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.

Skill to pick up Tier

01 information skills 3 required, 6 supplementary

still to learn calculate insurance rate required
still to learn analyse market financial trends required
still to learn obtain financial information required

optional, not held consult credit score optional
optional, not held analyse financial risk optional
optional, not held analyse insurance risk optional
optional, not held examine credit ratings optional
optional, not held perform risk analysis optional
optional, not held provide cost benefit analysis reports optional

02 business, administration and law 1 required, 5 supplementary

still to learn financial markets required

optional, not held principles of insurance optional
optional, not held insurance law optional
optional, not held insurance market optional
optional, not held risk management optional
optional, not held types of insurance optional

03 natural sciences, mathematics and statistics 1 required

still to learn actuarial science required

04 communication, collaboration and creativity 2 supplementary

optional, not held advise on insurance policies optional
optional, not held create insurance policies optional

Table 4

Table 4 · Where to start

The 3 entries an actuarial assistant 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 6 skills that carry over

Skill Type

already held apply statistical analysis techniques skill
already held carry out statistical forecasts skill
already held compile statistical data for insurance purposes skill
already held statistical analysis system software knowledge
already held statistics knowledge
already held produce statistical financial records skill

13 supplementary skills, helpful but not required

Skill to pick up Tier

optional, not held advise on insurance policies optional
optional, not held consult credit score optional
optional, not held principles of insurance optional
optional, not held analyse financial risk optional
optional, not held analyse insurance risk optional
optional, not held create insurance policies optional
optional, not held examine credit ratings optional
optional, not held insurance law optional
optional, not held insurance market optional
optional, not held perform risk analysis optional
optional, not held provide cost benefit analysis reports optional
optional, not held risk management optional
optional, not held types of insurance optional

32 held skills the actuarial assistant role does not ask for

Skill Type

not needed by the target role algorithms knowledge
not needed by the target role analyse big data skill
not needed by the target role apply scientific methods skill
not needed by the target role assist scientific research skill
not needed by the target role conduct financial surveys skill
not needed by the target role conduct public surveys skill
not needed by the target role conduct quantitative research skill
not needed by the target role data quality assessment knowledge
not needed by the target role data science knowledge
not needed by the target role deliver visual presentation of data skill
not needed by the target role design questionnaires skill
not needed by the target role develop financial statistics reports skill
not needed by the target role digital data processing skill
not needed by the target role execute analytical mathematical calculations skill
not needed by the target role gather data skill
not needed by the target role identify statistical patterns skill
not needed by the target role manage database skill
not needed by the target role mathematics knowledge
not needed by the target role perform clerical duties skill
not needed by the target role perform data analysis skill
not needed by the target role perform scientific research skill
not needed by the target role process data skill
not needed by the target role quantitative analysis knowledge
not needed by the target role research design knowledge
not needed by the target role revise questionnaires skill
not needed by the target role scientific research methodology knowledge
not needed by the target role statistical modeling techniques knowledge
not needed by the target role survey techniques knowledge
not needed by the target role tabulate survey results skill
not needed by the target role use spreadsheets software skill
not needed by the target role write technical reports skill
not needed by the target role write work-related reports skill

7 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 pick up Tier

still to learn actuarial science required
still to learn financial markets required
optional, not held principles of insurance optional
optional, not held insurance law optional
optional, not held insurance market optional
optional, not held risk management optional
optional, not held types of insurance optional

Index

Other moves recorded from statistical assistant

Full index of moves from statistical assistant

FAQ

Common questions about this move

Can a statistical assistant become an actuarial assistant?

Yes, and it is a substantial move. A statistical assistant already covers 36% of what an actuarial assistant is expected to do: 6 skills carry over, 5 of which the actuarial assistant role treats as required.

What skills does a statistical assistant need to become an actuarial assistant?

5 required skills are missing, plus 13 optional ones. They fall into 4 areas of the ESCO skill hierarchy, led by information skills. The single most important is actuarial science.

How hard is the move from statistical assistant to actuarial assistant?

Its learning distance is 57.2 out of 100, which is the substantial band. That accounts for both how much is missing and how specialised those skills are.

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.