ANZSCO 5523

Insurance, Money Market and Statistical Clerks

Overview

EMPLOYED

39,500

PART-TIME SHARE

14%

FEMALE SHARE

61%

MEDIAN WEEKLY EARNINGS

$1,489

MEDIAN AGE

36

ANNUAL EMPLOYMENT GROWTH

1,100

About this data

Summary

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.

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

ANZSCO Classification

Details

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    Earnings and Hours

    Weekly Earnings (Before Tax)
    Source: Share of workers who work full-time hours: ABS, Labour Force Survey, 2023, four-quarter average, customised report.
    Average full-time hours worked per week: ABS, 2021 Census of Population and Housing based on place of usual residence.
    Median full-time earnings per week and Median hourly earnings: ABS, Survey of Employee Earnings and Hours, May 2023, customised report. Note: median earnings data have not been produced for some occupations where there is a high standard error, and are published with "N/A" values.
    Earnings and Hours Insurance, Money Market and Statistical Clerks All Occupations
    Share of workers who work full-time hours 86% 70%
    Average full-time hours worked per week 40 hours 44 hours
    Median full-time earnings per week $1,489 $1,697
    Median hourly earnings $39 $43

    Industries

    Insurance, Money Market and Statistical Clerks work in industries like:

    Source: Ranked using ABS, Labour Force Survey, 2023, four-quarter average data, custom report.
    Note: industries that comprise less than 5% of an occupation have been suppressed.

    States and territories

    New South Wales

    35.6%

    Victoria

    31.1%

    Queensland

    18.3%

    South Australia

    5.9%

    Tasmania

    1.5%

    Northern Territory

    0.6%

    Australian Capital Territory

    1.1%

    Source: ABS Labour Force Survey, Detailed, August 2024, Jobs and Skills Australia trend data.

    Age and gender

    Age and Gender Profile
    Source: ABS, Labour Force Survey, 2023, four-quarter average, customised report.
    Age and Gender Insurance, Money Market and Statistical Clerks All Occupations
    Median age 36 years 39 years
    Female share of employment 61% 48%
    Source: ABS, 2021 Census of Population and Housing based on place of usual residence.
    Age Profile (% Share) All Occupations Insurance, Money Market and Statistical Clerks
    15–19 5.2 0.7
    20–24 9.1 8.5
    25–34 22.7 29.7
    35–44 22.3 27.3
    45–54 20.4 19.9
    55–59 8.8 6.7
    60–64 6.5 4.6
    65 and Over 4.9 2.6

    Education

    Source: ABS, 2021 Census of Population and Housing based on place of usual residence.
    Highest Level of Educational Attainment (% Share) All Occupations Insurance, Money Market and Statistical Clerks
    Post Graduate/Graduate Diploma or Graduate Certificate 12.2 8.8
    Bachelor degree 23.2 23.8
    Advanced Diploma/Diploma 11.1 15.2
    Certificate III/IV 19.5 15.0
    Year 12 15.9 23.2
    Year 11 4.0 3.4
    Year 10 and below 9.7 5.4
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      Occupation profiles data

      This file contains data displayed on the Occupation Profile pages.

      Use of data in this file must include the relevant attribution text provided.

      Occupation profiles data - August 2024.xlsx

      occupation_profiles_data_-_august_2024.xlsx9088333

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      Australian and New Zealand Standard Classification of Occupations

      Australian and New Zealand Standard Classification of Occupations (ANZSCO) is the skill-based classification system used to categorise occupations in the Australian and New Zealand labour markets. ANZSCO provides a basis for the standardised collection, analysis and dissemination of occupation data. Visit the ABS website to learn how ANZSCO works. Jobs and Skills Australia displays data for occupations that are defined by ANZSCO 2013 Version 1.3.