ISCO Minor Group 331 Financial And Mathematical Associate Professionals
Definition
Financial And Mathematical Associate Professionals: Financial and mathematical associate professionals place a value on various items and property; maintain records of financial transactions; analyse loan application information and render a decision; buy and sell financial instruments; and perform mathematical and related calculations.
Tasks performed usually include: recording and transmitting buy and sell orders for securities, stocks, bonds or other financial instruments and for foreign exchange for future or immediate delivery; submitting credit and loan applications to management with recommendations for approval or rejection; approving or rejecting applications within authorized limits ensuring that credit standards of the institution are respected; maintaining complete records of all financial transactions of an undertaking according to general bookkeeping principles, with guidance from accountants; assisting in planning and performing mathematical, statistical, actuarial, accounting and related calculations.
Occupations in this minor group are classified into the following unit groups:
3311 Securities and Finance Dealers and Brokers
3312 Credit and Loans Officers
3313 Accounting Associate Professionals
3314 Statistical, Mathematical and Related Associate Professionals
3315 Valuers and Loss Assessors
