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552311 · ANZSCO V1.3

Bookmaker

Classification
Occupation
Skill level
4

Classification

Sub-major group
55Numerical Clerks

Description

Determines risk, offers odds and accepts bets on the outcome of racing and other events. Registration or licensing is required. This occupation is illegal in New Zealand.

Unit group

5523 · Insurance, Money Market and Statistical Clerks

Description

UNIT GROUP 5523 INSURANCE, MONEY MARKET AND STATISTICAL CLERKS 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.

Skill level

Australia

AQF Certificate II or III (ANZSCO Skill Level 4)

New Zealand

NZQF Level 2 or 3 qualification (ANZSCO Skill Level 4) At least one year of relevant experience may substitute for the formal qualifications listed above. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification. Registration or licensing may be required.

Occupation skill level 4

Tasks

Tasks include

  • obtaining information on the form of competitors by research, attending race 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

Occupations in this unit group

Sources