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223131 · OSCA 2024

Actuary

Classification
Occupation
Skill level
1
Major group
Professionals

Classification

Major group
2Professionals

Description

Analyses mathematical, statistical, demographic, financial or economic data to predict and assess long-term risks and potential impacts of future events.

Unit group

2231 · Actuaries, Mathematicians and Statisticians

Description

Analyse, develop and apply actuarial, mathematical, statistical, financial and quantitative principles and techniques to solve problems and design experiments and surveys in a range of fields such as business and finance, health, engineering, government, scientific and social research, and technology.

Skill level

Australia

1

Occupation skill level 1

Tasks

Tasks include

  • Applies and examines complex models to forecast future events that may have financial, social or environmental impacts
  • Analyses data to identify opportunities to improve outcomes for companies, government, society and other organisations
  • Formulates and proposes strategies to mitigate risks and uncertainties
  • Designs policies, assesses risk and analyses investments primarily in life insurance, superannuation, health insurance, friendly societies and financial markets
  • Ensures compliance with applicable laws, regulations and an ethical code of conduct

Occupations in this unit group

Sources