128-Statistical, finance and insurance clerks

Job Title: 

Statistical, finance and insurance clerks

Job Description: 

Compile and tabulate facts or numerical data such as costs, sales, life related expectancy probabilities and volume for use in data processing or statistical studies as well may assist actuaries in insurance companies in determining risk options.

Summary: 

Statistical, finance and insurance clerks obtain, compile and compute statistical or actuarial data or perform clerical tasks relating to the transactions of insurance establishments, banks and other financial establishments.

Tasks: 

Job activities and tasks include:

  • processing insurance enrolments, cancellations, claims transactions, policy changes and payments
  • obtaining and compiling statistical or actuarial data based on routine or special sources of information
  • calculating totals, averages, percentages and other details and presenting them in the required tabular form
  • preparing financial documents, and calculating interest or brokerage charges and stamp duties payable
  • maintaining records of bonds, shares and other securities bought or sold on behalf of clients or employer
Knowledge: 

Knowledge of economic, financial, insurance and actuarial principles and practices, the insurance and financial markets, banking and the analysis and reporting of financial, insurance and/or actuarial data and plans

  • Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology
  • Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications
  • Knowledge of the structure and content of the financial, insurance and actuarial technical related English terminologies
  • Knowledge of related computer hardware and software applications and programming
  • Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, designing forms, and other office procedures and terminology
  • Knowledge of principles and methods for evaluating and advising on products or services; this includes marketing techniques and tactics, product demonstration, sales techniques, and sales control systems
  • Knowledge of relevant equipment, policies, procedures, and strategies to promote effective local, state, or national security operations for the protection of people, data, property, and institutions
  • Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the cultural/political processes
  • Keeping customer information confidential
  • Communicating effectively by giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times including empathy (perceptive and sensitive to the feelings and attitudes of others) and talking to others to convey correct information
  • Problem solving to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems
  • Applying complex mathematical equations and formulas for developed or proprietary products
  • Monitoring/Assessing performance of oneself, other individuals, or organizations to make improvements or take corrective action
  • Flexibility to work effectively in a variety of situations and adapt to new ways of doing things
  • Considering the relative costs and benefits of potential actions to choose the most appropriate one
  • Information Communications Technology - Knowledge and use of relevant industry sector IT applications and programs
  • Communicating effectively in writing as appropriate for the needs of the audience including understanding written sentences and paragraphs in work related documents
  • Time Management - Managing one?s own time and the time of others
  • Team work or individual - job may require him/her to work alone or in conjunction with other support or related personnel
    • Work Context: 

    Work in a variety of office settings, including financial offices, insurance offices, real estate offices, pensions and actuarial offices, commercial and property offices and government agencies. Work is typically full-time but may also be part-time.

    Education: 

    Secondary School Certificate, Diploma in finance, statistics, actuarial or accounting or related field, higher qualification or equivalent.

    Required Work Experience: 

    2 years and above

    Probable Employers: 

    Insurance companies, large corporations and public accounting firms, Government, Banks and investment firms, Educational Institutions, Arab Orient Insurance Company, Green Crescent Insurance Company, Abu Dhabi National Insurance Company!!

    Occupational Size: 
    than 10,000 and less then 50,000
    Expected Earnings: 

    Above the industry average

    Projected Growth: 
    Very good
    Alternate Titles: 

    Examples of job titles:
    Actuarial clerk - Brokerage clerk - Finance clerk - Insurance clerk - Securities clerk - Statistical clerk
    Examples of job titles:
    Statistical technician - Trade broker - Accounts clerk - Bookkeeping clerk - Claims examiners - Valuation clerk - Insurance policy information clerk - Insurance premium rater - insurance - Financial proof clerk - Insurance, property and equipment clerk - Property clerk - Insurance rater - Real estate clerk

    UAE Industry Groups: 
    Business, administration, tourism, retail and leisure service
    International Careers(ISCO): 
    Similar O*NET Careers (USA) : 
    Source Of Info: 
    Occupations and Careers Handbook for UAE Nationals(Copyright NQA ). Referenced from New York University, Abu Dhabhi