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.

    You can work as an Insurance, Money Market or Statistical Clerk without formal qualifications, however, they may be useful. VET (Vocational Education and Training) and university are both common study pathways for Insurance, Money Market and Statistical Clerks.

    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

    More about Insurance, Money Market and Statistical Clerks

    All Insurance, Money Market and Statistical Clerks

    All Insurance, Money Market and Statistical Clerks

    • $1,217 Weekly Pay
    • Decline Future Growth
    • Lower unemployment Unemployment
    • 25,600 workers Employment Size
    • Lower skill Skill level rating
    • 77% Full-Time Full-Time Share
    • 40 hours Average full-time
    • 37 years Average age
    • 70% female Gender Share

    The number of people working as Insurance, Money Market and Statistical Clerks (in their main job) fell over the past 5 years and is expected to fall over the next 5 years:
    from 25,600 in 2018 to 23,600 by 2023.
    Job openings can come from new jobs being created, but most come from turnover (workers leaving).
    There are likely to be around 10,000 job openings over 5 years (that's about 2,000 a year).

    • Size: This is a large occupation.
    • Unemployment: Unemployment was below average in 2018.
    • Location: Insurance, Money Market and Statistical Clerks work in many parts of Australia. New South Wales has a large share of workers.
    • Industries: Most work in Financial and Insurance Services; Public Administration and Safety; and Professional, Scientific and Technical Services.
    • Earnings: Full-time workers on an adult wage earn around $1,217 per week (below the average of $1,460). Earnings tend to be lower when starting out and higher as experience grows.
    • Full-time: Many work full-time (77%, higher than the average of 66%).
    • Hours: Full-time workers spend around 40 hours per week at work (compared to the average of 44 hours).
    • Age: The average age is 37 years (compared to the average of 40 years).
    • Gender: 70% of workers are female (compared to the average of 48%).

    Employment Outlook

    Number of Workers

    Source: ABS Labour Force Survey, Department of Jobs and Small Business trend data to May 2018 and Department of Jobs and Small Business projections to 2023.
    YearNumber of Workers
    200825800
    200929900
    201024400
    201130700
    201232500
    201331500
    201429700
    201528400
    201630900
    201732200.0
    201825600
    202323600

    Weekly Earnings

    Weekly Earnings (Before Tax)

    Source: Based on ABS Survey of Employee Earnings and Hours (cat. no. 6306.0), May 2018, Customised Report. Median weekly total cash earnings for full-time non-managerial employees paid at the adult rate. Earnings are before tax and include amounts salary sacrificed. 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 Earnings12171460

    Main Industries

    Main Employing Industries (% Share)

    Source: Based on ABS Census 2016, Customised Report. Industries are based on the Australian and New Zealand Standard Industrial Classification (ANZSIC 06).
    Main Employing IndustriesIndustry (% share)
    Financial and Insurance Services84.4
    Public Administration and Safety4.8
    Professional, Scientific and Technical Services1.8
    Arts and Recreation Services1.8
    Other Industries7.2

    States and Territories

    • NSW

    • VIC

    • QLD

    • SA

    • TAS

    • NT

    • ACT

    Employment by State and Territory (% Share)

    Source: Based on ABS Census 2016, 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
    NSW37.831.6
    VIC26.825.6
    QLD16.520.0
    SA7.37.0
    WA8.110.8
    TAS1.72.0
    NT0.51.0
    ACT1.21.9

    Age Profile

    Age Profile (% Share)

    Source: Based on ABS Census 2016, 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
    15-190.9-5.05.0
    20-248.0-9.39.3
    25-3433.5-22.922.9
    35-4425.6-22.022.0
    45-5418.9-21.621.6
    55-596.8-9.09.0
    60-644.1-6.06.0
    65 and Over2.2-4.24.2

    Education Level

    Highest Level of Education (% Share)

    Source: ABS Census 2016, Customised Report. Highest qualification completed by workers in this job (in any field of study). 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 Certificate7.0-10.110.1
    Bachelor degree23.0-21.821.8
    Advanced Diploma/Diploma15.6-11.611.6
    Certificate III/IV14.9-21.121.1
    Year 1227.2-18.118.1
    Year 114.7-4.84.8
    Year 10 and below7.6-12.512.5

    You can work as an Insurance, Money Market or Statistical Clerk without formal qualifications, however, they may be useful. VET (Vocational Education and Training) and university are both common study pathways for Insurance, Money Market and Statistical Clerks.

    Checks, licences and tickets

    You may need:

    • national police check

    Thinking about study or training?

    Before starting a course, check it will provide you with the skills and qualifications you need.

    • Search and compare thousands of higher education courses, and their entry requirements from different institutions across Australia at Course Seeker website.
    • Compare undergraduate and postgraduate student experiences and outcomes on the QILT website.
    • Compare Vocational Education and Training (VET) courses, providers and student outcomes on the My Skills website.
    • You might be interested in Financial Services VET training pathways on the AAPathways website.

    Or check out related courses on Job Outlook.

    The course listings on this page are provided by Good Education Group.

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

    Filter Skills & Knowledge

    Knowledge

    These are important topics, subjects or knowledge areas.

    1. Clerical

      79% Skill level

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

    2. Customer and personal service

      78% Skill level

      Understanding customer needs, providing good quality service, and measuring customer satisfaction.

    3. English language

      62% Skill level

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

    4. Computers and electronics

      61% Skill level

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

    5. Administration and management

      55% Skill level

      Business principles involved in strategic planning, leadership, and coordinating people and resources.

    Occupational Information Network
    O*NET is a trademark of the U.S. Department of Labor, Employment and Training Administration.
    The skills and importance ratings on this page are derived from the US Department of Labor O*NET Database Version 21.2, 43-9041.02 - Insurance Policy Processing Clerks.

    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.

    Filter Work Environment

    Demands

    The physical and social demands workers face most often are shown below.

    1. Indoors, heat controlled

      100% Important

      Work indoors with access to heating or cooling.

    2. Spend time sitting

      98% Important

      Spend time sitting at work.

    3. Contact with people

      97% Important

      Have contact with people by telephone, face-to-face, or any other way.

    4. Electronic mail

      97% Important

      Use electronic mail.

    5. Telephone

      97% Important

      Talk on the telephone.

    Occupational Information Network
    O*NET is a trademark of the U.S. Department of Labor, Employment and Training Administration.
    The skills and importance ratings on this page are derived from the US Department of Labor O*NET Database Version 21.2, 43-9041.02 - Insurance Policy Processing Clerks.

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