Variant of NOC 2011 - Analysis by skill level

Variant of NOC 2011 - Analysis by skill level
Usage

b - NOC skill level B: occupations usually require college education or apprenticeship training

13 - Finance, insurance and related business administrative occupations

131 - Finance, insurance and related business administrative occupations

1311 - Accounting technicians and bookkeepers

Accounting technicians and bookkeepers maintain complete sets of books, keep records of accounts, verify the procedures used for recording financial transactions, and provide personal bookkeeping services. They are employed throughout the private and public sectors, or they may be self-employed.

  • Illustrative example(s)

    • accounting bookkeeper
    • accounting technician
    • bookkeeper

    All examples

  • Exclusion(s)

    • Accounting and related clerks (1431)
    • Banking, insurance and other financial clerks (1434)
    • Financial auditors and accountants (1111)
    • Payroll clerks (1432)

  • Main duties

    Accounting technicians and bookkeepers perform some or all of the following duties:

    • Keep financial records and establish, maintain and balance various accounts using manual and computerized bookkeeping systems
    • Post journal entries and reconcile accounts, prepare trial balance of books, maintain general ledgers and prepare financial statements
    • Calculate and prepare cheques for payrolls and for utility, tax and other bills
    • Complete and submit tax remittance forms, workers' compensation forms, pension contribution forms and other government documents
    • Prepare tax returns and perform other personal bookkeeping services
    • Prepare other statistical, financial and accounting reports.

  • Employment requirements

    • Completion of secondary school is required.
    • Completion of a college program in accounting, bookkeeping or a related field
      or
      Completion of two years (first level) of a recognized professional accounting program (e.g., Chartered Accounting, Certified General Accounting)
      or
      Courses in accounting or bookkeeping combined with several years of experience as a financial or accounting clerk are required.

  • Additional information

    • Progression to professional accounting occupations is possible with additional training.
1312 - Insurance adjusters and claims examiners

Insurance adjusters investigate insurance claims and determine the amount of loss or damages covered by insurance policies. They are employed in claims departments of insurance companies or as independent adjusters. Insurance claims examiners examine claims investigated by insurance adjusters and authorize payments. They are employed at head offices or branches of insurance companies.

  • Illustrative example(s)

    • adjuster
    • claims examiner
    • claims representative
    • insurance adjuster

    All examples

  • Exclusion(s)

    • Supervisors, finance and insurance office workers (1212)

  • Main duties

    Insurance adjusters perform some or all of the following duties:

    • Investigate circumstances surrounding insurance claims to determine validity of claim
    • Inspect automobile, home or other property damage
    • Take statements and consult with claimants, accident witnesses, doctors and other relevant individuals and examine records or reports
    • Determine amount of loss or damages covered by insurance policies
    • Negotiate settlement of claims
    • Prepare adjustment reports.

    Insurance claims examiners perform some or all of the following duties:

    • Review, examine, calculate and authorize insurance claims investigated by insurance adjusters
    • Examine adjusters' reports and similar insurance claims or precedents to determine extent of insurance coverage
    • Ensure claims are valid and settlements are made according to company practices and procedures
    • Consult lawyers, doctors or other relevant individuals to discuss insurance claims
    • Approve automobile, fire, life, disability, dental or other insurance claims.

  • Employment requirements

    • Completion of secondary school is required.
    • A bachelor's degree, college diploma or some post-secondary education
      or
      Several years of experience as a clerk in the claims department or other general insurance experience are required.
    • Several years of on-the-job training and completion of insurance industry courses and training programs are required.
    • Independent adjusters require a provincial licence issued by the Superintendent of Insurance in the province or territory of employment.

  • Additional information

    • Completion of educational programs through the Insurance Institute of Canada or its provincial counterparts entitles insurance adjusters and claims examiners to professional recognition as a Chartered Insurance Professional (CIP), and with additional university courses, as a Fellow Chartered Insurance Professional (FCIP).
1313 - Insurance underwriters

Insurance underwriters review and evaluate insurance applications to determine insurance risks, insurance premiums and extent of insurance coverage according to company policies. Insurance underwriters are employed at head and branch offices of insurance companies.

  • Illustrative example(s)

    • group underwriter
    • insurance underwriter
    • liability underwriter
    • property underwriter

    All examples

  • Exclusion(s)

    • Insurance agents and brokers (6231)
    • Insurance managers (See 0121 Insurance, real estate and financial brokerage managers)

  • Main duties

    Insurance underwriters perform some or all of the following duties:

    • Review individual and group applications for automobile, fire, health, liability, life, property, marine, aircraft and other insurance
    • Evaluate new and renewal applications to determine insurance risks, insurance premiums, extent of insurance coverage and other conditions of the insurance contract using medical reports, rate tables and other documents and reference materials; adjust premiums, coverage or risk itself to make acceptance of new and renewal applications possible
    • Approve sale of insurance policies and ensure compliance with government regulations
    • Provide recommendations on individual or group insurance plan designs
    • Provide underwriting advice and answer inquiries from clients and from insurance agents, consultants and other company personnel
    • Prepare underwriting reports and update insurance forms when necessary.

  • Employment requirements

    • Completion of secondary school and some general insurance experience
      or
      A bachelor's degree, college diploma or some post-secondary education is required.
    • Several years of on-the-job training and completion of insurance industry underwriting courses and training programs are required.

  • Additional information

    • Progression to management positions in the insurance industry is possible with experience.
    • Completion of educational programs through the Insurance Institute of Canada or its provincial counterparts entitles insurance underwriters to professional recognition as a Chartered Insurance Professional (CIP) and, with additional university courses, as a Fellow, Chartered Insurance Professional (FCIP).
1314 - Assessors, valuators and appraisers

Assessors, valuators and appraisers determine the value of land, businesses, estates and other real property, for purposes of sale, purchase, taxation or disposal of assets. Appraisers also determine the value of personal and household items. Assessors, valuators and appraisers are employed by government agencies, real estate firms and other private companies, or they may be self-employed.

  • Illustrative example(s)

    • accredited appraiser
    • business valuator
    • chartered business valuator (CBV)
    • property assessor
    • property valuator
    • real estate appraiser

    All examples

  • Exclusion(s)

    • Financial and investment analysts (1112)
    • Financial auditors and accountants (1111)
    • Insurance adjusters and claims examiners (1312)
    • Jewellery appraisers (See 6344 Jewellers, jewellery and watch repairers and related occupations)
    • Land agents and right of way agents (See 1225 Purchasing agents and officers)
    • Market analysts (See 4163 Business development officers and marketing researchers and consultants)
    • Property administrators (1224)

  • Main duties

    Assessors perform some or all of the following duties:

    • Assess value of land, building, structures, machinery, equipment and property improvements for purposes of taxation, grants and regional planning and prior to sale or purchase
    • Review and analyze data such as past sales, title searches, engineering and alignment maps, soil maps, subdivision plans, water and sewer plans, leasing cost data and easements
    • Explain assessment process to ratepayers.

    Assessors may specialize in advising and consulting in a specific field of assessment such as residential, commercial, industrial, institutional or farm lands.

    Valuators perform some or all of the following duties:

    • Collect and analyze financial records of a business, such as financial statements, budgets, projections and sales data, to assess its competitiveness or to estimate its market value
    • Prepare reports for estate planning, matrimonial litigation, insurance and business losses
    • Appear as an expert witness before courts, security regulators and other regulatory boards and commissions.

    Appraisers perform some or all of the following duties:

    • Appraise value of property, building, industrial and commercial machinery and equipment and personal and household items
    • Prepare appraisal reports for lending agencies, insurance companies, government departments, courts, attorneys, creditors, buyers or auctioneers.

    Appraisers may specialize in a specific type of appraisal such as real estate appraisal.

  • Employment requirements

    • Assessors require a college diploma in municipal assessment
      and
      Accreditation with the municipal assessment association of the province.
    • Valuators usually require a bachelor's degree or college diploma in accounting, business or commerce
      and
      Accreditation with the Canadian Institute of Chartered Business Valuators based on successful completion of its business and security valuation program.
    • Appraisers require a college diploma or vocational training in the field of appraisal
      or
      Several years of experience in a position related to the field of appraisal.
    • In Quebec, membership with l'Ordre des évaluateurs agréés du Québec (OEAQ) is required to use the title chartered appraiser
    • Real estate appraisers usually require several years of experience as a real estate agent, right-of-way agent or property administrator and may require Canadian residential appraiser certification.
    • Appraisers of residential, commercial or industrial property require accreditation with the Appraisal Institute of Canada.

  • Additional information

    • Progression to management positions in each field is possible with experience.
1315 - Customs, ship and other brokers

Customs brokers clear goods through customs and to their destination on behalf of importer and exporter clients. Shipbrokers buy and sell cargo space on ships and buy and sell ships, yachts and other watercraft on behalf of clients. This unit group also includes other brokers, not elsewhere classified, who negotiate commercial transactions, logistics or other services between parties on behalf of clients. They are employed by customs, ship or other brokerage establishments or may be self-employed.

  • Illustrative example(s)

    • cargo broker
    • chartered shipbroker
    • customs broker
    • gas broker
    • licensed customs broker
    • shipbroker

    All examples

  • Exclusion(s)

    • Insurance brokers (See 6231 Insurance agents and brokers)
    • Insurance, real estate and financial brokerage managers (0121)
    • Securities agents, investment dealers and brokers (1113)

  • Main duties

    Customs brokers perform some or all of the following duties:

    • Prepare and process import/export documents and other forms on behalf of clients according to customs regulations, laws and procedures
    • Sign import/export documents on behalf of client, using power of attorney
    • Arrange for payment of duties, taxes, storage and transportation of imported goods and bonds to cover duty goods
    • Quote duty and tax rates on commodities for clients
    • Provide advice to clients on export and import restrictions, tariff systems, letters of credit, insurance requirements and other custom related matters
    • May represent client before administrative tribunals or in other dealings with government officials.

    Shipbrokers perform some or all of the following duties:

    • Buy and sell cargo space on ships on behalf of individuals, companies and governments
    • Consult trade publications and other sources to provide information to clients on available cargo space, destinations, rates and departure locations and times, and arrange ship charters for clients
    • Negotiate rates and terms and prepare contracts and other papers
    • Buy and sell ships, yachts and other watercraft on behalf of clients
    • Inspect vessels, explain features and negotiate price when purchasing or selling for clients
    • Arrange for insurance coverage for cargo or for ships
    • Arrange for registration and licensing of ships.

  • Employment requirements

    • Completion of secondary school is required.
    • Some post-secondary education in commerce or a related field may be required.
    • Customs brokers require several years of on-the-job training and completion of a customs brokers training program through the International Federation of Customs Brokers Association.
    • A customs broker licence, issued by the Canada Border Services Agency, is required for an individual or company to operate a customs brokerage business.
    • Shipbrokers selling cargo space on ships usually require several years of on-the-job training or related experience such as shipping company scheduling experience. Shipbrokers selling watercraft usually require in-depth experience with, and knowledge of, various watercraft.
    • Correspondence courses from the Institute of Chartered Shipbrokers are available for shipbrokers.

  • Additional information

    • There is no mobility between the different types of brokers in this unit group.
Date modified: