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Career Guidance Knowledge natural sciences, mathematics and statistics K054 - mathematics and statistics K0542 - statistics Actuarial science
Description
The rules of applying mathematical and statistical techniques to determine potential or existing risks in various industries, such as finance or insurance.
Occupations requiring this skill
This section is generated automatically.
Skill demand overview
- Essential in 26 occupations
- Optional in 12 occupations
- Total: 38 occupations
- Most common in: ISCO major group 3 (Technicians and associate professionals)
Essential for
- Insurance claims handlerInsurance claims handlers ensureÃÂ that all insurance claims are handled accurately and that payment for valid claims is made to the policyholders. They use statistical data and r…
- Actuarial consultantAn actuarial consultant is a specialized professional who applies mathematical and statistical methods to assess and manage financial risks, particularly in the areas of insurance,…
- Securities analystSecurities analysts conduct research to gather and analyse financial, legal, and economic information. They interpret data on the price, stability, and future investment trends in …
- Actuarial assistantActuarial assistants perform statistical data research in order to set premium rates and insurance policies. They review the possibility of accidents, injuries and property damage …
- Mergers and acquisitions analystMergers and acquisitions analysts oversee the execution of transactions for the purchase, sale, merger or takeover of companies. They negotiate and complete the deal on the client'…
- Stock traderStock traders use their technical expertise of financial markets performance to advise and make recommendations to asset managers or shareholders for a profitable investment strate…
- Mortgage brokerA mortgage broker, or a mortgage credit intermediary, is a natural or legal person who is not acting as a creditor or notary and not merely introducing, either directly…
- Property insurance underwriterProperty insurance underwriters assess and determine the risk and coverage of a client's property insurance. They analyse and review underwriting policies according to legal regula…
- Securities traderSecurities traders purchase and sell securities such as stocks, bonds and shares on their own account or on their employers account based on their expertise in the financial market…
- Financial traderFinancial traders buy and sell financial products such as assets, shares and bonds for private clients, banks or companies. They monitor the financial markets closely and aim to ma…
- Pensions administratorPensions administrators perform administrative duties in the management of pension schemes, ensuring the correct calculation of client's pension benefits, compliance with legal req…
- Insurance risk consultantInsurance risk consultants prepare reports for insurance underwriters. For this purpose, they undertake surveys in order to determine the potential financial risk for personal prod…
- Securities underwriterSecurities underwriters assist an institution in selling and buying debt securities. These securities may include corporate stocks, preferred stock, government bonds and other type…
- Loan officerLoan officers assess and authorise the approval of loan applications for individuals and businesses. They ensure complete transactions between loan organisations, borrowers, and se…
- Stock brokerStock brokers act on behalf of their individual or institutional clients to buy and sell stocks and other securities. They are in close contact with their clients and ensure…
- Insurance brokerInsurance brokers are natural or legal persons who provide insurance. They are also called insurance intermediaries. Insurance brokers promote, sell and provide advice on various i…
- Insurance fraud investigatorInsurance fraud investigators combat fraudulent activities by investigating the circumstances of certain suspicious claims, activities related to new customers, buying insurance pr…
- Investment analystInvestment analysts undertake research to make informed recommendations to fund managers. They research investments globally, but depending on the nature and field of their employe…
- Investment fund managerInvestment fund managers implement and monitor the investment strategy of a fund. They manage the fund's portfolio trading activities and supervise the financial, securities, and i…
- Financial brokerFinancial brokers undertake financial market activities on behalf of their clients. They monitor securities, financial documentation of their clients, market trends and conditions,…
- Securities brokerSecurities brokers create the connection between the investors and the available investment opportunities. They purchase and sell securities on their clients' behalf based on their…
- Mutual fund brokerMutual fund brokers handle and raise cash from shareholders in order to invest them in stocks, bonds, and money-market securities. They engage with investors by inquiring about the…
- Dividend analystDividend analysts calculate and allocate dividends and interest incomes of a company's earnings to a category of its shareholders. They assess business systems and processes in ord…
- Asset managerAsset managers invest a client's money into financial assets through vehicles such as investment funds or the management of individual clients' portfolios. This includes the manage…
- Loss adjusterLoss adjusters treat and evaluate insurance claims by investigating the cases and determining liability and damage, in accordance with the policies of the insurance company. They i…
- Insurance underwriterInsurance underwriters assess business risks and liability policies and make decisions about commercial property. They inspect the conditions of businesses' properties, analyse ins…
Optional for
- Foreign exchange traderForeign exchange traders buy and sell foreign currencies to secure a profit on fluctuations in foreign exchange rates. They undertake technical analysis of financial information (m…
- Commodity brokerCommodity brokers act as intermediary between buyers and sellers of movable and immovable property such as raw materials, livestock or real estate. They negotiate prices and receiv…
- Insurance collectorInsurance collectors collect payment for an overdue insurance bill. They specialise in all areas of insurance such as medical, life, car, travel, etc and recurrently contact indivi…
- Bank tellerBank tellers deal most frequently with customers of the bank. They promote the banks products and services, and provide information about the customers personal accounts and relate…
- Investor relations managerInvestor relations managers disseminate the investment strategy of the company and monitor the reactions of the investment community towards it. They use marketing, financial, comm…
- Venture capitalistVenture capitalists invest in young or small startup companies by providing private funding. They research potential markets and particular product opportunities to help business o…
- Real estate investorReal estate investors buy and sell own real estate such as apartments, dwellings, land and non-residential buildings to make a profit. They might actively invest in these propertie…
- Investment fund management assistantInvestment fund management assistants provide clients with financial planning advice on financial products and serve as the main contact point for new and old clients. They assist …
- Bankruptcy trusteeBankruptcy trustees administer a client's bankruptcy case, investigate legal documentation for fraud possibilities and manage the money received from the sale of non-exempt propert…
- Commodity traderCommodity traders use negotiation techniques to sell and buy physical goods and raw materials such as gold, cattle, oil, cotton and wheat on the trading floor. They receive and…
- Foreign exchange brokerForeign exchange brokers buy and sell foreign currencies on behalf of their clients to secure a profit on fluctuations in foreign exchange rates. They undertake technical analysis …
- Futures traderFutures traders undertake daily trading activities in the futures trading market by buying and selling futures contracts. They speculate on the futures contracts' direction, trying…
