331 Financial and Mathematical Associate Professionals

Securities and finance dealers and brokers buy and sell securities, stocks, bonds and other financial instruments, and deal on the foreign exchange, on spot, or on futures markets, on behalf of their own company or for customers on a commission basis. They recommend transactions to clients or senior management. Tasks include - (a) obtaining information about the financial circumstances of customers and companies in which investments may be made; (b) analysing market trends for securities, bonds, stocks and other financial instruments, including foreign exchange; (c) informing prospective customers about market conditions and prospects; (d) advising on and participating in the negotiation of terms for, and organization of, loans and placement of stocks and bonds in the financial market to raise capital for customers; (e) recording and transmitting buy and sell orders for securities, stocks, bonds or other financial instruments and for foreign exchange for future or immediate delivery. Examples of the occupations classified here: - Foreign exchange broker - Foreign exchange dealer - Securities broker - Stocks and shares broker Some related occupations classified elsewhere: - Bond analyst - 2413 - Commodities broker - 3324 - Commodity futures dealer - 3324 - Securities clerk - 4312.

Credit and loans officers analyse and evaluate financial information on applications for credit and loans and determine approval or disapproval of the client for the credit or loan, or recommend to management approval or disapproval. Tasks include - (a) interviewing applicants for personal, mortgage, student and business loans; (b) researching and evaluating loan applicants’ financial status, references, credit and ability to repay the loan; (c) submitting credit and loan applications to management with recommendations for approval or rejection; (d) approving or rejecting loan applications within authorized limits ensuring that credit standards of the institution are respected; (e) keeping records of payments, preparing routine letters requesting payment for overdue accounts and forwarding these for legal action; (f) completing credit and loan documentation. Examples of the occupations classified here: - Loans officer - Mortgage officer Some related occupations classified elsewhere: - Financial institution branch manager - 1346.

Accounting associate professionals maintain complete records of financial transactions of an undertaking and verify accuracy of documents and records relating to such transactions. Tasks include - (a) maintaining complete records of all financial transactions of an undertaking according to general bookkeeping principles, with guidance from accountants; (b) verifying accuracy of documents and records relating to payments, receipts and other financial transactions; (c) preparing financial statements and reports for specified periods; (d) applying knowledge of bookkeeping principles and practices in order to identify and solve problems arising in the course of their work; (e) using standard computer software packages to perform accounting and related calculations; (f) supervising the work of accounts and bookkeeping clerks. Example of the occupations classified here: - Accounting assistant - Bookkeeper Some related occupations classified elsewhere: - Accountant - 2411 - Actuarial assistant - 3314 - Bookkeeping clerk - 4311.

Statistical, mathematical and related associate professionals assist in planning the collection, processing and presentation of statistical, mathematical or actuarial data and in carrying out these operations, usually working under the guidance of statisticians, mathematicians and actuaries. Tasks include - (a) assisting in planning and performing statistical, mathematical, actuarial, and related calculations; (b) preparing detailed estimates of quantities and costs of materials and labour required for statistical census and survey operations; (c) performing technical tasks connected with establishing, maintaining and using registers and sampling frames for census and survey operations; (d) performing technical tasks connected with data collection and quality control operations in censuses and surveys; (e) using standard computer software packages to perform mathematical, actuarial, statistical, accounting and related calculations; (f) preparing statistical, mathematical, actuarial, accounting and other results for presentation in graphical or tabular form; (g) applying knowledge of statistical, mathematical, actuarial, accounting and related principles and practices in order to identify and solve problems arising in the course of their work; (h) supervising the work of statistical clerks. Examples of the occupations classified here: - Actuarial assistant - Mathematical assistant - Statistical assistant Some related occupations classified elsewhere: - Actuary - 2120 - Mathematician - 2120 - Statistician - 2120 - Accounting assistant - 3313 - Statistical clerk - 4312.

Valuers and loss assessors value property and various goods and assess losses covered by insurance policies. Tasks include - (a) determining the quality or value of raw materials, real estate, industrial equipment, personal and household effects, works of art, gems and other objects; (b) assessing the extent of damage or loss and liabilities of insurance companies and underwriters for losses covered by insurance policies; (c) obtaining records of sales and value of similar items or property; (d) inspecting items or property to evaluate condition, size and construction; (e) preparing reports of value, outlining the estimation factors and methods used. Examples of the occupations classified here: - Appraiser - Claims assessor - Claims inspector - Insurance assessor - Real estate appraiser - Valuer Some related occupations classified elsewhere: - Auctioneer - 3339.