Actuary – ANZSCO 224111
- Description
- Analyses mathematical, statistical, demographic, financial or economic data to predict and assess the long-term risk involved in financial decisions and planning. Registration or licensing is required.
- Skill Level
- 1
Occupation Lists
This occupation is on the following skills lists:
- 489 (S/T) Occupations List
- 482 TSS Visa Medium Term List
- 407 Training visa occupations list
- 482 TSS Visa Regional Occupation List
- 189 Skilled Independent and Family Sponsored 489 Occupations List and 485 Graduate Work Stream
- 190 State/Territory Sponsored
- 186 ENS Visa Occupations List
- 187 RSMS Visa Occupations List
- 491 – Skilled Work Regional (provisional) visa (subclass 491)
- 494 – Skilled Employer Sponsored Regional (provisional) (subclass 494) – Employer sponsored stream
This occupation is not on the following skills lists:
See if caveats apply to this occupation for an Australian visa here.
Skills Assessment Authority: VETASSESS
Group: 2241 Actuaries, Mathematicians and Statisticians
- Description
- develop and apply actuarial, mathematical, statistical and quantitative principles and techniques to solve problems in a range of fields such as business and finance, scientific and social research, and engineering.
Econometricians are excluded from this unit group. Econometricians are included in Unit Group 2243 Economists. - Tasks
-
- defining, analysing and solving complex financial and business problems relating to areas such as insurance premiums, annuities, superannuation funds, pensions and dividends
- examining financial projections for general insurance companies, finance companies, government and other organisations
- designing new types of policies, assessing risks and analysing investments in life insurance, superannuation funds, health insurance, friendly societies, financial markets and other areas
- formulating mathematical models to simulate processes
- applying models to experimental observations, and adjusting and recasting the models
- using numerical analysis methods to develop algorithms and perform computations
- liaising with management and clients to determine the subject or area to be surveyed or examined
- specifying the data to be collected, and the methodology to be used in collection and analysis
- evaluating and describing the reliability and utility of source information
- analysing and interpreting data, and producing relevant statistics to describe and infer particular trends and patterns
- Skill Level
- Most occupations in this unit group have a level of skill commensurate with a bachelor degree or higher qualification. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification (ANZSCO Skill Level 1).
Registration or licensing may be required.
- Occupations in this Group
-
- 224111 Actuary
- 224112 Mathematician
- 224113 Statistician