Insurance, Money Market and Statistical Clerks prepare and check documentation associated with insurance, maintain records of securities transactions and registrations, offer odds and accept bets, and compile data and undertake statistical and actuarial computations.

A Certificate II or III, or at least 1 year of relevant experience, is usually needed to work in this job. Around one in four workers have a university degree. Even with a qualification, sometimes experience or on-the-job training is necessary. Registration or licensing may be required.

Tasks

  • obtaining information on the form of competitors by research, attending racing trials and liaising with contacts
  • offering and varying odds on competitors after considering the type of event, handicaps, weather conditions and odds offered by other Bookmakers
  • processing insurance applications, adjustments to insurance cover, standard endorsements and insurance claims
  • monitoring balances of accounts and summarising reinsurance to determine outstanding risk
  • surveying potential risk exposure
  • despatching notices of premiums due and forms concerning conservation and transfer of insurance
  • reviewing, checking, verifying and issuing transaction documentation for securities
  • claiming accruing dividends and processing dividend payments
  • compiling statistics from financial records, survey returns and other data sources, and verifying the authenticity of the material
  • operating computers to input, manipulate and output information
  • compiling results of calculations into tables, graphs and charts to be used in analysis
  • may work in a call centre

Job Titles

  • Bookmaker
  • Insurance Consultant
  • Money Market Clerk
  • Statistical Clerk
  • Bookmaker

    Determines risk, offers odds and accepts bets on the outcome of racing and other events. Registration or licensing is required.

  • Insurance Consultant (also called Insurance Clerk)

    Prepares and checks documentation associated with insurance. May work in a call centre.

    Specialisations: Health Insurance Assessor, Superannuation Clerk

  • Money Market Clerk (also called Scrip Clerk (Stockbroking), or Securities Clerk)

    Processes documentation and maintains records of securities transactions and registrations.

  • Statistical Clerk

    Compiles data and undertakes statistical and actuarial computations.

    Specialisations: Actuarial Clerk

Fast Facts

  • Avg. Weekly Pay

    $958 Before Tax
  • Future Growth

    stable
  • Skill Level

    Certificate II or III
  • Employment Size

    29900
  • Unemployment

    average
  • Male Share

    30.7%
  • Female Share

    69.3%
  • Full-Time Share

    80.4%

Find Vacancies

This is a large occupation employing 29,900 workers. Over the past 5 years the number of jobs has grown.
Little change in the number of jobs is expected in the future. New jobs and turnover from workers leaving may create between 10,001 and 25,000 job openings over the 5 years to 2020.

  • Insurance, Money Market and Statistical Clerks work in most parts of Australia.
  • They mainly work in: Financial and Insurance Services; Arts and Recreation Services; and Public Administration and Safety.
  • Full-time work is common. Full-time workers, on average, work 36.8 hours per week (compared to the all jobs average of 40 hours).
  • Average earnings for full-time workers are around $958 per week (below the all jobs average of $1,230). Earnings tend to be lower when starting out and higher as experience grows.
  • The average age is 37 years (compared to the all jobs average of 40 years).
  • Around 7 in 10 workers are female.
  • In 2016, the unemployment rate was similar to the average.

Employment Outlook

Number of Workers

Source: ABS Labour Force Survey, Department of Employment trend data to November 2015 and Department of Employment projections to 2020.
YearNumber of Workers
200525000
200627300
200724200
200828500
200925600
201027800
201131600
201233600
201329700
201428400
201529900
202030100

Weekly Earnings

Full-time Earnings

All Jobs Average

Weekly Earnings (before tax)

Source: Based on ABS Characteristics of Employment survey, August 2015, Cat. No. 6333.0, Customised Report. Median earnings are before tax and do not include superannuation. Earnings can vary greatly depending on the skills and experience of the worker and the demands of the role. These figures should be used as a guide only, not to determine a wage rate.
EarningsInsurance, Money Market and Statistical ClerksAll Jobs Average
Full-Time Earnings9581230

Hours

Weekly Hours Worked

Source: Based on ABS Labour Force Survey, annual average 2016, Cat. No. 6291.0.55.003: Customised Report. Hours actually worked by people who usually work full-time, and share of employment by full-time and part-time status, for this job compared to the all jobs average.
CategoryInsurance, Money Market and Statistical ClerksAll Jobs Average
Full-time80.468.4
Part-time19.631.6
Average Weekly Hours (full-time)36.840

Main Industries

Top Industries

Main Employing Industries (% share)

Source: Based on ABS Labour Force Survey, annual average 2016, Cat. No. 6291.0.55.003: Customised Report. Industries are based on the Australian and New Zealand Standard Industrial Classification (ANZSIC 06).
Main Employing IndustriesIndustry (% share)
Financial and Insurance Services84.7
Arts and Recreation Services4.2
Public Administration and Safety3.4
Administrative and Support Services1.5
Other Industries6.2

States and Territories

  • NSW

  • VIC

  • QLD

  • SA

  • TAS

  • NT

  • ACT

Employment by State and Territory (% share)

Source: Based on ABS Labour Force Survey, annual average 2016, Cat. No. 6291.0.55.003: Customised Report. Share of workers across Australian States and Territories, in this job compared to the all jobs average.
StateInsurance, Money Market and Statistical ClerksAll Jobs Average
NSW36.831.8
VIC30.125.5
QLD12.619.8
SA7.96.8
WA8.211.2
TAS22
NT0.71.1
ACT1.61.8

Age Profile

Age Profile (% share)

Source: Based on ABS Labour Force Survey, annual average 2016, Cat. No. 6291.0.55.003: Customised Report. Age profile of workers in this job compared to the all jobs average.
Age BracketInsurance, Money Market and Statistical ClerksAll Jobs AverageAll Jobs Average
15-191.6-5.45.4
20-245.5-9.99.9
25-3437.1-23.423.4
35-4423.6-21.721.7
45-5415.2-21.121.1
55-597.2-8.78.7
60-646.2-5.95.9
65 and Over3.5-3.83.8

Gender

Male Share

Female Share

Gender (% share)

Source: Based on ABS Labour Force Survey, annual average 2016, Cat. No. 6291.0.55.003: Customised Report. Male and female share of employment in this job compared to the all jobs average.
CategoryInsurance, Money Market and Statistical ClerksCategoryAll Jobs Average
Males30.7Males53.6
Females69.3Females46.4

Education Level

Top Education Levels

Highest Level of Education (% share)

Source: ABS, Education and Work (2016). Findings based on use of ABS TableBuilder data. Highest qualification completed by workers in this job (in any field of study). Skill level requirements can change over time, the qualifications needed by new workers might be different from the qualifications of workers already in the job.
Type of QualificationInsurance, Money Market and Statistical ClerksAll Jobs AverageAll Jobs Average
Post Graduate/Graduate Diploma or Graduate Certificate18.3-8.68.6
Bachelor degree25.2-17.917.9
Advanced Diploma/Diploma12.6-10.110.1
Certificate III/IV10.8-18.918.9
Year 1215-18.718.7
Years 11 & 1014.1-17.717.7
Below Year 103.9-8.18.1

A Certificate II or III, or at least 1 year of relevant experience, is usually needed to work in this job.
Around one in four workers have a university degree. Even with a qualification, sometimes experience or on-the-job training is necessary. Registration or licensing may be required.

If you are interested in this style of work, there are a wide range of training options available that could lead to this or a similar job.
The pathway that is right for you will depend on your skills and interests.

It is a good idea to speak to industry bodies, employers, and workers to learn more about the skills and qualifications you will need.

Employers look for Insurance, Money Market and Statistical Clerks who have a high attention to detail, provide good customer service and are reliable.

Knowledge

The topics, subjects, or knowledge areas workers rate as most important are shown below.

  1. Customer and Personal Service

    94% Important

    Customer and personal services. This includes understanding customer needs, providing good quality service, and measuring customer satisfaction.

  2. English Language

    87% Important

    English language including the meaning and spelling of words, rules of composition, and grammar.

  3. Clerical

    81% Important

    Word processing, managing files and records, stenography and transcription, designing forms, and other office work.

  4. Administration and Management

    76% Important

    Planning and coordination of people and resources.

  5. Computers and Electronics

    73% Important

    Circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.

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O*NET is a trademark of the U.S. Department of Labor, Employment and Training Administration. The information on this site is derived from the US Department of Labor O*NET Database Version 21.2

Learn about the daily activities, and physical and social demands faced by workers. Explore the values and work styles that workers rate as most important.

Activities

The work activities workers rate as most important are shown below.

  1. Interacting With Computers

    91% Important

    Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.

  2. Getting Information

    88% Important

    Looking for, getting and understanding different kinds of information.

  3. Communicating with Persons Outside Organization

    85% Important

    Communicating with customers, the public, government, and others in person, in writing, or by telephone or e-mail.

  4. Processing Information

    84% Important

    Compiling, coding, categorizing, calculating, tabulating, auditing, or checking information or data.

  5. Building Good Relationships

    82% Important

    Building and keeping constructive and cooperative working relationships with others.

Occupational Information Network Insurance Policy Processing Clerks Opens in a new window
O*NET is a trademark of the U.S. Department of Labor, Employment and Training Administration. The information on this site is derived from the US Department of Labor O*NET Database Version 21.2

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